Mediagazer: It's official: Apple is buying Beats for $3 billion (Janko Roettgers/Gigaom)

11:15 AM ET, May 29, 2014

Top News:

Jimmy Iovine's four decades of experience and celebrity connections lend credibility to Apple's music plans — Jimmy Iovine, a Master of Beats, Lends Apple a Skilled Ear — CUPERTINO, Calif. — Apple's new music impresario, Jimmy Iovine, didn't start out writing code or studying computer engineering …

Discussion: Forbes, Bloomberg, Wall Street Journal, @peterlattman, Los Angeles Times, @bryfitz, @stevenbjohnson and @hugolindgren

Peter Kafka / Re/code:

Cue and Iovine talk about Beats acquisition, competing streaming services, Apple TV, more — Apple Shows Off Its Newest Product, and Promises Much More to Come — Liveblog highlights — Apple offers three reasons for its $3 billion deal to acquire Beats: the talent, the headphones and the subscription music service.

Discussion: TechCrunch, AppleInsider, Business Insider, BGR, Cult of Mac, MacStories, The Tell, @johnpaczkowski, @inafried, @larrymagid, @jonfortt, @fmanjoo, @nichcarlson, CNET, @lanceulanoff, @recode, The Next Web, MacRumors, @parislemon, @stevecase, Mashable and The Verge

Ed Christman / Billboard:

John Janick to Succeed Jimmy Iovine as Chairman, CEO of Interscope Geffen A&M — John Janick has been named chairman and CEO of Interscope Geffen A&M, succeeding Jimmy Iovine, the most successful head of a major label for the last 25 years. — The announcement was made to coincide …

Discussion: Cult of Mac, @reckless, Hollywood Reporter, The FADER, Variety and New York Magazine

Peter Kafka / Re/code:
Tim Cook Explains Why Apple Is Buying Beats (Q&A)

Discussion: 9to5Mac, Guardian, Cult of Mac, Wall Street Journal, TIME, MacRumors, Forbes, @daveying99, USA Today, MacStories, Business Insider, AppleInsider, TechCrunch, @lessien and Fortune

Apple:
Apple to acquire Beats Music and Beats Electronics for $2.6B in cash and $400M in stock to vest over time

Discussion: Wall Street Journal, CNET, New York Times, VentureBeat, MacRumors, 9to5Mac, @tim_cook, Cult of Mac, ReadWrite, The Information, Mashable, The Verge, Guardian, @barbariancap, PandoDaily, App Advice, Fortune, MacStories, NPR, Mercury News, The Verge, ZDNet, TIME and BBC

Janko Roettgers / Gigaom:
It's official: Apple is buying Beats for $3 billion

Discussion: TechCrunch, New York Post, Cult of Mac, Inc.com, Re/code, @billboardbiz, Om Malik, Business Insider, Forbes, BGR and MacRumors

Chris Ariens / FishbowlNY:

Prometheus Global Media acquires Mediabistro editorial and e-commerce assets for $8M — Prometheus Global Media to Acquire Mediabistro — So, we're in the news today. This morning, Mediabistro is announcing that it has entered into a definitive agreement to sell its editorial …

Discussion: Poynter, The Wrap, MediaWire Daily, @brianstelter and Mashable

Margaret Sullivan / New York Times:

Michael Kinsley Responds to Criticism of Greenwald Review — In a post yesterday, I took up Michael Kinsley's review of Glenn Greenwald's book, “No Place to Hide,” which many Times readers had written to me about. Mr. Kinsley has asked The Times for the opportunity to respond and I am providing it here: Quis custodiet ipsos custodes?

Discussion: The New York Observer, @jayrosen_nyu, @froomkin, Talking Points Memo, @nspector4, @poniewozik, @dougjballoon, Mediaite, @jamisonfoser, @jonathanchait, @zackbeauchamp, @ethancoxmtl, @jpodhoretz, @davidfolkenflik and The Newspaper Guild

Joshua Benton / Nieman Journalism Lab:

KPCB: Mobile use continues to skyrocket, yet most news orgs make only a “pittance” off it — The scariest chart in Mary Meeker's slide deck for newspapers has gotten a little scarier — It's an annual moment of print realism here at Nieman Lab: The posting of the attention slide …

Discussion: Re/code, @ethanwsj and @ylichterman

Andrew Beaujon / Poynter:
Print still attracts more advertising than it deserves, Mary Meeker says

Discussion: kpcb.com, Quartz, Business Insider, Wall Street Journal, Forbes, Deadline.com, ZDNet and Fortune

Mandy Jenkins / Zombie Journalism:

Technology is a solution, not a problem, for women in newsrooms — So maybe you've noticed - there's a lot of talk about women in journalism these days in the wake of Jill Abramson's unplanned exit from the New York Times. Aside from being a woman and a journalist, I haven't generally felt …

Discussion: @macloo, @kissane, @kate_day, @mjenkins and @mjenkins

Nikki Usher / Washington Post:

It's not just Jill Abramson: Women everywhere are getting pushed out of journalism — Blame the techies. — Nikki Usher is the author of Making News at The New York Times and an assistant professor at George Washington University's School of Media and Public Affairs.

Discussion: @nikkiusher, @yurivictor, @tasneemraja, @rsm, @amandabee, @sisiwei, @tasneemraja, @derekwillis, @tasneemraja, @katdowns, @nikkiusher, @rsm, @livvybolton, @derekwillis, @derekwillis, @feministabulous and @markcoddington

Bill Carter / New York Times:

May Brings a Loss of Viewership for Cable News Channels — May is typically a slow month for television news channels — not much is happening and there is competition from season-ending series elsewhere. — But all the news channels have seen particularly troubling declines in viewership …

Discussion: @jayrosen_nyu, @mlcalderone and @savvyatlgirl

Michael Sebastian / AdAge:

Conde Nast Drafts an Internal ‘Magna Carta’ for Native Advertising — Publisher of Vogue and Vanity Fair Seeks to Codify Tactic — How to Integrate Social Media Into Your Marketing Strategy — Conde Nast, publisher of Vogue and The New Yorker, has asked its editors and publishers …

Discussion: @joepompeo, mUmBRELLA, Capital New York, The FJP and FishbowlNY, Thanks:@natives

Madison Gray / Poynter:

LinkedIn trying to appeal to journalists by pitching itself as a research tool — Spreading the gospel of LinkedIn for Journalists — The classroom at the City University of New York sat attentively watching the browser on the large screen point to LinkedIn.

Discussion: @poynter

Ryan Lawler / TechCrunch:

With 20 Million Units Sold, Eddy Cue Says Apple TV Will Continue To Evolve — Apple TV has been a pretty modest success when you compare it to some of Apple's other products, but with 20 million units sold, the product has clearly captured consumer attention.

Discussion: Forbes and Re/code

Lucas Shaw / The Wrap:

Vimeo Enters Original Programming Business With Its First Web Series — Vimeo will make a new season of the web series “High Maintenance,” the video service's first attempt to fund its own programming, the company said Wednesday. Vimeo will finance six new episodes of the series …

Discussion: VentureBeat, Variety and The Verge

Reuters:

Dish Network to accept bitcoin payments starting this year — Satellite TV operator Dish Network to accept bitcoins — (Reuters) - Satellite TV operator Dish Network said it would accept bitcoin payments from customers from the third quarter, joining companies such as Overstock.com Inc …