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11:35 PM ET, September 29, 2015

Mediagazer

 Top News: 
Peter Kafka / Re/code:
Axel Springer's $343M purchase of Business Insider sets new high mark in digital publisher sales, beating AOL's 2011 purchase of Huffington Post for $315M  —  Sold!  Axel Springer Bets Big on Digital, Buys Business Insider.  —  Earlier this year, German publisher Axel Springer tried and failed to buy the Financial Times.
RELATED:
Kenneth Wong / Bloomberg Business:
Axel Springer Buys 88% of Business Insider for $343 Million  —  German media company Axel Springer SE agreed to buy an 88 percent stake in Business Insider Inc. for $343 million.  —  Axel Springer already owns a 9 percent stake in New York-based Business Insider, which runs …
Re/code:
Sources: Twitter building new product to let users share tweets longer than 140 characters, enabling publication of long-form content on the platform  —  Twitter Plans to Go Beyond Its 140-Character Limit  —  Twitter is building a new product that will allow users to share tweets that are longer …
John Cassidy / New Yorker:
Financial Times CEO John Ridding on the paper's acquisition by Nikkei and how journalism shot itself in the foot by going for mass-reach, low quality  —  The Financial Times and the Future of Journalism  —  In a generally depressing decade for newspapers, the Financial Times …
Apple:
Apple Music, iTunes Movies, and iBooks now available in China, music free for three months then 10 RMB/month, movies start at 5 RMB, iBooks from 0.5 RMB  —  Apple Brings Apple Music, iTunes Movies & iBooks to Customers in China Starting Today  —  Apple® today announced that Apple Music™ …
Allison Schiff / AdExchanger:
IAB is forming Ad Blocking Working Group and plans to distribute code that detects ad blockers  —  Ad Blocking - Unlike Fraud - Comes At The User's Behest  —  If ad blocking is war, long-tail publishers will likely be its earliest casualties.  —  “Ad blocking is a threat to the whole industry …
Discussion: Ad Age and ClickZ
RELATED:
Paul Sawers / VentureBeat:
Netflix and Virgin America to offer free in-flight WiFi for movies and shows on select flights through March 2, 2016  —  Netflix partners with Virgin America to offer free in-flight Wi-Fi for movies and TV shows  —  With more and more video-streaming companies offering downloads for offline access …
Mike Shields / Wall Street Journal:
Facebook's Head of News Partnerships, Liz Heron, joins The Huffington Post as Executive Editor, will jointly steer site alongside Arianna Huffington  —  Huffington Post Names Liz Heron Executive Editor  —  Ms. Heron was Facebook's head of news partnerships
Todd Spangler / Variety:
Comcast launches web video service Watchable with 30 partners including Vice, Vox, and Buzzfeed  —  Comcast Launches Watchable: Can Web Video Help Save Cable TV?  —  Cable giant debuts service with 30 content partners, available on set-tops, apps and online
Rhiannon Williams / Telegraph:
Zane Lowe: 'I'm not sure that Apple Music needs Beats 1'  —  The Beats 1 and former BBC DJ said he is uncertain as to why Apple's streaming service Apple Music needs his station Beats 1  —  DJ Zane Lowe has admitted he's unsure if Apple Music needs the digital radio station Beats 1 …
Discussion: The Next Web and Digital Spy
Shannon Bond / Financial Times:
Activist opposes Media General's planned acquisition of Meredith  —  Media General, the US television station owner, is facing pressure from an activist shareholder to call off its proposed $3.1bn deal to buy Meredith and instead sell itself to Nexstar Broadcasting Group.
Wall Street Journal:
Digital measurement firm ComScore to acquire TV measurement firm Rentrak in all-stock deal  —  Measurement Firm ComScore to Acquire Rentrak  —  Merger could create more formidable rival to No. 1 player Nielsen  —  Measurement firm comScore Inc. on Tuesday said it agreed to acquire rival Rentrak Corp …
 
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 More News: 
Brent Lang / Variety:
21st Century Fox Taps Investor Jeffrey Ubben to Join Board
Brendan James / International Business Times:
Al Jazeera America Will Not Recognize Union: NLRB Elections Underway
Dave Philipps / New York Times:
U.S Army tried to kill New York Times story by withholding information, hoped to encourage more favorable story from other outlets
Discussion: @jonswaine
Joe Mullin / Ars Technica:
US gov't: Kim Dotcom paid pirates $3M for movies, should be extradited
 Earlier Picks: 
Dominic Ponsford / Press Gazette:
Sun reporter Mazher Mahmood to face trial charged with conspiracy to pervert the course of justice
Discussion: iMediaEthics
Krishnadev Calamur / The Atlantic:
Ta-Nehisi Coates is among 24 recipients of genius grants from the John D. and Catherine T. MacArthur Foundation
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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