Mediagazer: Last.fm made loss of £2.1m last year (Mark Sweney/Guardian)

11:15 AM ET, October 9, 2014

Top News:

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James Poniewozik / TIME:

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Kara Swisher / Re/code:

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Nicole Levy / Capital New York:

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Claire Suddath / Businessweek:

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Discussion: TVNewser and The Huffington Post

Mark Sweney / Guardian:

Hearst UK sees pre-tax profits fall by more than a quarter — Average print and digital circulation of magazine publisher behind Cosmopolitan, Men's Health and Esquire down by 8.4% — Hearst UK, the magazine publisher behind Cosmopolitan, managed to increase operating profit despite a drop in circulation.

Mark Sweney / Guardian:

Ex-News Corp lobbyist Frédéric Michel to work for Sky Italia — Lobbyist's close relationship with culture secretary Jeremy Hunt and his special adviser sparked controversy at Leveson inquiry — Frédéric Michel, the former News Corporation lobbyist whose emails …

Discussion: Poynter

Peter Kafka / Re/code:

IAC May Buy Korean Video Site DramaFever — DramaFever, a Web video service that specializes in Korean movies and TV shows, is looking to raise money or sell. — One potential buyer: Barry Diller's IAC. — Sources say DramaFever, which has raised a reported $11.5 million in debt and equity …

Dana Milbank / Washington Post:

At National Press Club, the press is shut out — I'd like to tell you what Robert Ford, former U.S. ambassador to Syria, said at the National Press Club on Wednesday about recent developments in the war against the Islamic State. The diplomat, who resigned in protest earlier this year because he found it …

Discussion: @peterwsinger, @vipalmonga and @mlcalderone

Mark Sweney / Guardian:

Last.fm made loss of £2.1m last year — CBS-owned online music service's revenues slumped more than 20% and staff numbers fell from 61 to 35 — Last.fm has moved to a collaboration model — CBS-owned online music service Last.fm made a loss of £2.1m last year …

Discussion: Complete Music Update

Todd Spangler / Variety:

Cartoon Network Launches Micro-Network for Smartphones (Exclusive) — Turner's Cartoon Network has debuted CN Anything, a recasting of the network's brand for smartphones stocked with micro-bursts of snackable content — an effort to hang on to its core audience of kids …

Discussion: @ischafer

Michael Calderone / The Huffington Post:

The New York Times Keeps Cutting Newsroom Jobs, But Headcount Doesn't Budge — NEW YORK — New York Times executive editor Dean Baquet recently announced plans to eliminate 100 jobs through voluntary buyouts or layoffs, marking another grim occasion for the beleaguered newspaper industry.

Discussion: Capital New York, @mlcalderone, @sulliview, @stuartathompson and @abeaujon