Mediagazer: Time Inc. to Raise $1.4 Billion in Debt for Spinoff (Bloomberg)

2:25 PM ET, April 8, 2014

Top News:

Cory Doctorow / Boing Boing:

Attributr bookmarklet updated to scrape Flickr source code to get Creative Commons attributions after breakage caused by redesign — Restoring CC attribution to Flickr, because Yahoo broke it — For years, Flickr has been one of the most important repositories of Creative Commons imagery in the world …

Discussion: @stevengould, @dancohen, @lessig, @albertatrebla, @paul_clarke, @jmarkockerbloom, @sebschmoller, @itsokihaveabook, @jonrussell, @mathewi, @ekansa, @digiphile, @dangillmor, @macusermagazine and The Next Web

Paul Farhi / Washington Post:

Vox Media's key to growth: working with “media hackers”, says CEO Jim Bankoff — Vox Media ventures into general news and news analysis with Vox.com — Jim Bankoff was already fascinated, even a bit obsessed, by the media when he was in the third grade. As a class project, he developed his own make-

Discussion: @voxmediainc, @joshuatopolsky, @hollyanderson, @chadmumm and @lock

Bloomberg:

Time Inc. to Raise $1.4 Billion in Debt for Spinoff — Time Inc., the publisher of People and Time magazines, said it will raise $1.4 billion in debt as part of its planned spinoff from Time Warner Inc. (TWX) this year. — Time Inc. said it will use the proceeds to fund the acquisition …

Discussion: Folio, Reuters, Business Wire, TheStreet.com and @edmundlee

Harrison Weber / VentureBeat:

Twitter launches photo-centric profile redesign, rolling out over next few weeks — Connect with leaders from the companies in this story, in real life: Come to the fourth annual VentureBeat Mobile Summit April 14-15 in Sausalito, Calif. Request an invitation.

Discussion: The Twitter Blog, Forbes, Today, The Next Web, @bydanielvictor, WLTX-TV, @emilylfoley, @coffeecocktail, Huffington Post UK and Pocket-lint

Todd Spangler / Variety:

Comcast, Time Warner Cable Defend Union as Benefiting ‘Millions’ in FCC Filing — Cable giants cite increased competition in video market, including from Netflix, Apple, Google and Amazon — Comcast's $45 billion takeover of Time Warner Cable will benefit millions of consumers and businesses …

Discussion: corporate.comcast.com, New York Times, Forbes, The Wrap, Broadcasting & Cable, USA Today, Gigaom, Los Angeles Times, TheHill, Globe and Mail and Reuters

Mathew Ingram / Gigaom:

Collaborative-writing platform Wattpad gets $46M in financing for global expansion — Wattpad, a collaborative-writing community that helps new authors connect with a community of fans and fellow writers, has closed a new round of financing worth $46 million that co-founder and CEO Allen Lau …

Discussion: Re/code, GalleyCat, Business Insider, VentureBeat and TechCrunch

Ricardo Bilton / Digiday:

Time Out creates new product to let users review venues and events — Time Out jumps on the platform bandwagon — Time Out was once the authority on restaurant and nightlife reviews. Now, it is bowing down to the wisdom of crowds. — The site has created a new user review product …

Todd Spangler / Variety:

AwesomenessTV Hires Ex-Disney Stores President Jim Fielding — DreamWorks Animation's AwesomenessTV plans to extend its youth-skewing media brand, which centers on YouTube videos, to merchandise. — AwesomenessTV has hired Jim Fielding, former president of Disney Stores Worldwide …

Discussion: The Wrap, Hollywood Reporter, Chicago Business, Deadline.com, Kidscreen and PandoDaily

Paul McNally / Press Gazette:

Law set to give Attorney General power to edit online news archives in the run-up to trials — Nine of Britain's biggest news organisations have issued a joint warning to MPs about the potential “chilling effect” of a planned law forcing online archive news stories to be removed in the run-up to a criminal trial.

Discussion: @mikesassi, @ohwinsagain, @a_liberty_rebel and Daily Dot

Laurie Penny / New Statesman:

From Vox to 538, white guys get feted as the future of journalism while everyone else gets attacked and dismissed — Yesterday, I was contacted separately by two distressed friends, both writers, both women. One is famous, successful, hard as diamond under glass and trying gamely …

Discussion: @journalismfest, @markdeuze, @pennyred, @kissane, @pmarca, @profbootyphd, @pennyred, @robert_exley, @katikrause, @bronwen, @losowsky, @jaredbkeller, @peggyholman, @saramayeux, @moorehn and @m_m_dh

Todd Spangler / Variety:

Xbox Boosts User-Generated Video Play with YouTube and GoPro — Microsoft is making it easier for Xbox One users to share their gameplay videos on YouTube — a hugely popular genre on the Google-owned service — and is adding a channel to bring action videos captured with Go Pro's personal HD cameras to the console.

Discussion: Xbox Wire, Softpedia News, TIME, TechCrunch, Engadget, Nerdist, The Verge and Guardian

Press Gazette:

Ex-Reuters London bureau chief takes up chief executive role at Index on Censorship — Former Reuters London bureau chief joins Index on Censorship — A former London bureau chief for Reuters has been appointed the new chief executive of Index on Censorship.

Discussion: Index on Censorship and Guardian

Lucia Moses / Digiday:

Michael Wolff: 'Online journalism can't pay for itself' — When author, Internet entrepreneur and media pundit Michael Wolff surveys the landscape, few are safe from his bleak prognostications. In recent columns for USA Today, the Guardian and GQ, he has skewered Marissa Mayer for wanting …

Discussion: @jason_pontin, @bobtheprguy, @bmorrissey, @emilybell and @lmoses