Summary:

»  Blockbuster (NYSE: BBI) is warning Hollywood movie studios about something they likely expected all along: the company is prepa…

Morning Lowdown
photo: Corbis / Patricia Curi

»  Blockbuster (NYSE: BBI) is warning Hollywood movie studios about something they likely expected all along: the company is preparing to file for bankruptcy in the middle of next month. [LATimes]

»  Newsweek is losing another top editor: Mark Miller, who was both editorial director and overseer of the mag’s website. Miller’s departure comes a week before audio baron Sidney Harman’s purchase of Newsweek from the Washington Post Co. (NYSE: WPO) is set to close. [WWD]

»  A California PR firm has settled after being nailed for writing reviews for a client in Apple’s iTunes Store without disclosing that it was paid to do so. [NYT]

»  The global games business is estimated to be worth around $50 billion. But a look at the market caps of public companies involved in gaming suggest that the worldwide value of gaming could be double that amount, says banker Paul Heydon of Avista Partners. [Venturebeat]

»  Bangalore

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