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3:05 PM ET, June 26, 2015

Mediagazer

 Top News: 
Peter Elkind / Fortune:
Instead of hardening security defenses, Sony Pictures focused on offending North Koreans less, and was more afraid of security costs than risks  —  Part 2: The storm builds  —  We will take “a merciless counter-measure.”  —  On June 17, leaked emails show, Sony's appetite for mocking a “real persona” instantly diminished.
Discussion: @danprimack and @fortunemagazine
RELATED:
Alan Murray / Fortune:
Fortune spent six months investigating Sony Pictures hack to warn other companies about the importance of cyber defense  —  How Fortune got inside the Sony hack  —  We have devoted 12,000 words in our July 1 issue to an extraordinary story by Peter Elkind on the now infamous cyber-attack …
Nikhil Pahwa / MediaNama:
The Wall Street Journal to shut its India edition, downsize India ops  —  The Wall Street Journal is downsizing its India operations and will pull the plug on its Indian edition, three sources have confirmed to MediaNama.  The India website, http://www.wsj.com/india, will be merged into its global website.
Discussion: FishbowlNY and @aruproy2611
Cecilia Kang / Washington Post:
Interconnection fees for companies like Netflix remain an issue in last-minute talks with regulators for AT&T-DirecTV deal  —  Why the government is about to approve the AT&T and DirecTV mega-deal - and the one thing that remains a big concern  —  A decision on AT&T's merger with DirecTV …
RELATED:
Lucia Moses / Digiday:
Heftig, Upworthy clone and third-largest German media company on Facebook with 1.7M fans, faces uncertain future as Facebook begins favoring original content  —  German site Heftig modeled itself after Upworthy, and what happened next will blow your mind  —  Three years ago …
Ben Sisario / New York Times:
Sirius XM settles licensing suit for pre-1972 songs with Sony, Universal, Warner Music, and ABKCO for $210M  —  Sirius XM Settles Royalty Dispute Over Old Recordings  —  Sirius XM, the satellite radio service, will pay $210 million to the major record labels to settle a lawsuit over royalties …
Brian Steinberg / Variety:
Bloomberg TV's New Show 'What'd You Miss' Aims for Broader Crowd  —  Bloomberg LP, one of the biggest names in buttoned-down business talk, is about to unveil a new TV show seeking instead to push the limits on a more broadly appealing kind of financial chatter.
CBS News:
Family of missing journalist Austin Tice applauds new US ransom policy that helps families negotiate with kidnappers  —  Tice family: New hostage policy “excellent step forward”  —  Shares -  —  The new hostage policy announced Wednesday is a landmark shift in how the U.S. government …
Josh Constine / TechCrunch:
Spotify acquires analytics firm Seed Scientific that included Beats Music as a client, will exclusively get access to services  —  Spotify Buys Beats' Analytics Provider Seed Scientific  —  Spotify wants to own big data about bands.  Today it acquired analytics firm Seed Scientific to forge …
Noor Zainab Hussain / Reuters:
Trinity Mirror to double cuts to £20m to offset falling print revenues  —  Trinity Mirror warns on revenue, to cut costs further  —  British newspaper publisher Trinity Mirror Plc (TNI.L) said it was targeting to double cost savings for the year from its earlier plans as weak print advertising took a toll on first-half revenue.
Ben Sisario / New York Times:
Profile of DJ Zane Lowe, formerly of BBC's Radio 1, as he prepares for the launch of Apple's Beats 1 streaming radio  —  Zane Lowe, the D.J. Scratching Out Beats 1 for Apple  —  LOS ANGELES — “Check-check.  One two-two-two-two-two.  Hello hello hello.”
Amy Schatz / Re/code:
FCC proposes to close loophole that let Dish use discounts meant for smaller firms in a recent spectrum auction  —  FCC Proposes Killing Dish Loophole in Upcoming Airwaves Auction  —  FCC Chairman Tom Wheeler proposed Thursday to eliminate loopholes that allow Dish Network to score …
 
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Sahil Patel / VideoInk:
Cinedigm Invests in Shout Factory, Will Reboot Its OTT Video Channel
 Earlier Picks: 
 

 
From Techmeme:

George Steer / Financial Times:
Nvidia closed down 10% on Friday, falling the most since March 2020 and losing more than $200B of its market value, as investors pull back from AI bets

Foo Yun Chee / Reuters:
Sources: EU may accept Apple's proposal to open its NFC payments tech to rivals, and may close its antitrust probe in May, letting Apple avoid hefty fines

James Hunt / The Block:
Bitcoin's fourth halving is now complete, lowering miners' block subsidy rewards from 6.25 BTC to 3.125 BTC; the third halving was on May 2020
 
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