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11:40 AM ET, June 26, 2015


 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: @fortunemagazine and @danprimack
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,, will be merged into its global website.
Discussion: FishbowlNY and @aruproy2611
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.
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 …
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 …
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.
Margaret Sullivan / New York Times:
Debating The New York Times' new beat to cover the superrich: it's not about “wealth porn” but rather recognizing a new Gilded Age  —  Is Greater Focus on the Superrich Right for The Times?  —  To some, it seems counterintuitive to cover the problems of economic inequality …
Ted Johnson / Variety:
Charter Will ‘Go Further’ Than FCC's Net Neutrality Rules in Merger With Time Warner Cable  —  Charter Communications said that it will commit to principles of net neutrality, like no blocking or throttling of traffic, as part of its planned merger with Time Warner Cable and acquisition of Bright House Networks.
Sahil Patel / VideoInk:
Cinedigm Invests in Shout Factory, Will Reboot Its OTT Video Channel  —  Cinedigm has taken a minority investment in Shout Factory as the two companies expand their existing film-and-TV distribution partnership and plan for a digital future.  —  Per the terms, the companies …
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.”
Joe Pompeo / Capital New York:
Rupert Murdoch's chief of staff steps down  —  Rupert Murdoch's chief of staff, Natalie Ravitz, has stepped down from her position supporting the 84-year-old chairman of 21st Century Fox and News Corp., Capital has learned.  —  In a company memo obtained by Capital, Murdoch wrote that Ravitz …
Discussion: Business Wire, @nravitz and The Wrap
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Natalie Jarvey / Hollywood Reporter:
HuffPost to Launch Film and TV Divisions, Announces 24-Hour Online Video Network