Top News:
Pandora:
Rdio to shut down the service, file for bankruptcy, with Pandora acquiring key assets for $75M in cash — Pandora to Acquire Key Assets from Rdio — Adding technology, IP and talent to accelerate development of new capabilities; Pandora hosting investor call to outline growth strategy at 1:30 p.m. PT today
Discussion:
The Verge, VentureBeat, TechCrunch, Rdio Blog, VentureBeat, Radio & Television …, Engadget, Financial Times, Forbes, New York Times, RAIN News, Hollywood Reporter, The FADER, AppleInsider, @jank0, Mashable, Pocket-lint, Consumerist, @backlon, The Next Web, @sisario, Ubergizmo, MacRumors, @ingridlunden, @eringriffith, @jank0, 9to5Mac, @micahsingleton, Fortune, @discomaz, Business Insider, iPhone in Canada Blog, SlashGear, Android Police, Re/code, mUmBRELLA and App Advice
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Tim Peterson / Ad Age:
Pandora plans subscription-based on-demand service because ad revenue not enough to offset content costs — Pandora Bought Rdio Because Ads Aren't Enough to Offset Content Costs — Pandora plans to open a subscription-based, on-demand version of its music-streaming service …
Discussion:
Variety and Fast Company
Dayna Evans / Matter:
Former staffer says Gawker Media treats female staffers as if they're invisible, favoring male staffers with story tips and scoops and sometimes pay — On Gawker's Problem With Women — A former staff writer describes how a media company founded on whistleblowing and radical transparency failed its female employees.
Discussion:
Medium, Poynter, @seanmcelwee, The New York Observer, @gmpaiella, @thefrenchcritic, @bendreyfuss, @jessicavalenti, @lpolgreen, @anildash, @annaholmes, @mims, Fast Company, Alex Pareene, @leahfinnegan, @leahfinnegan, The Huffington Post, @lindseyweber, @joanwalsh, @libbycwatson, @irin, @tolles, @choire, @madeleine_rae, @cindygallop, @jayrosen_nyu, @tcarmody, @libbycwatson, @caseyjohnston, @emmacargo, @morninggloria, @madeleinedoux, @woodlandalyssa, @lindsayzoladz, @ashleyfeinberg, @erikhinton, @noahhurowitz, @thewilderthings and @leahbeckmann
Joe Pompeo / Politico:
Bloomberg Gadfly debuts in bid to shake-up financial commentary space — With succinct, newsy commentary about the day's business and financial headlines being churned out by franchises like The Wall Street Journal's Heard on the Street, The Financial Times' Lex and Reuters' Breakingviews …
Discussion:
Nieman Lab, Bloomberg Business, @jayrosen_nyu, @johngapper, @joepompeo, @joepompeo, FishbowlNY, @mathewi, @buzzfeedandrew, Poynter, @jayrosen_nyu and Media Wire Daily
Jack Marshall / Wall Street Journal:
Companies Target Journalists With Ads on Facebook — Messages are targeted to people who work at specific media outlets — The next time you see an article about a company or product, consider this: it's possible the author heard about it through a Facebook ad.
Cynthia Littleton / Variety:
Media General rejects Nexstar's $4.1B takeover bid, will start negotiations with company — Media General to Negotiate with Nexstar as Station Group Takeover Fight Heats Up — The Media General station group has formally rejected Nexstar Broadcasting's $4.1 billion acquisition offer …
Discussion:
Media General, Broadcasting & Cable, Folio, Radio & Television …, New York Times and TVSpy
Bloomberg Business:
Sources: Miramax in talks to sell business to Qatar-based broadcaster BeIN Media Group, spun out of Al Jazeera in 2014, as soon as this year — Miramax Owners in Talks to Sell Company — Qatar-based broadcaster seeks library of Oscar winners — ‘Shakespeare in Love,’ ‘Good Will Hunting’ in play with talks
Discussion:
Hollywood Reporter and Fortune
Mark Sweney / Guardian:
Channel 4 chief exec warns that sale of broadcaster will jeopardise its journalism, with new owners focusing on short term profits — Channel 4 sale would jeopardise news output, says chief executive — David Abraham says broadcaster likely to be bought by asset-stripping owner …
Peter Kafka / Re/code:
Sources: equity deal talks between Time Warner and Hulu have not progressed very far — Why It Could Get Harder to Watch Your Favorite Shows on Hulu — Could Time Warner buy a piece of Hulu? Maybe. As the Wall Street Journal reported last week , the video site would like Time Warner …
Discussion:
BGR, Financialcv.com, Barron's Online, @pkafka, The Stack, Digital Trends, @waltmossberg, AdExchanger, Multichannel News and iMedia Connection
Suzanne Vranica / Wall Street Journal:
DraftKings Seeks to Delay Some TV Commercials and Ad Payments — Daily fantasy-sports site faces mounting legal challenges — As its legal troubles mount, daily fantasy-sports operator DraftKings Inc. has been asking some TV networks to delay the commitments it made for advertising to air …
Discussion:
Awful Announcing, Engadget and Business Insider
Shalini Ramachandran / Wall Street Journal:
Liberty Global to buy Caribbean pay-TV provider and ISP Cable & Wireless for $5.3B, valuing the company at $8B including debt — Liberty Global to Buy Cable & Wireless Communications for $5.3 Billion — Move strengthens foothold in an emerging market ripe for consolidation
Discussion:
Bloomberg Business, Telegraph, @shaliniwsj, Business Wire and New York Times
Billy Steele / Engadget:
NBC offers free trial of its streaming comedy service SeeSo December 3 ahead of January's $3.99/month launch — NBC's comedy streaming service starts free beta preview December 3rd — If you want to give SeeSo a shot before signing up, you'll get your chance next month.
Discussion:
Tubefilter, Ubergizmo and The Verge
Chris Roush / Talking Biz News:
Gizmodo appoints Bloomberg's deputy editor Katie Drummond as new editor in chief — Bloomberg's Drummond hired as editor in chief of Gizmodo — Katie Drummond, a deputy editor at Bloomberg's web operation, has been hired as editor in chief of tech news site Gizmodo.
Discussion:
FishbowlNY, @johnjcook, @awalkerinla, @kenfisher, @katiedrumm and @annaleen
Daniel Roberts / Fortune:
64% of 13-24 year olds go to YouTube for sports-related video content, 53% go to Facebook, and just 42% rely on ESPN — Why This Study on Millennial Sports Video Habits Should Worry ESPN — If you don't spend a lot of time on YouTube, you may not have heard of Whistle Sports …
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