The Morning Lowdown 07.30.10


Credit: Corbis / Mike Segar

»  The Washington Post Co. (NYSE: WPO) is desperate to unload Newsweek magazine — but not desperate enough sell to Avenue Capital Group because of worries related to the hedge fund’s plans to partner with the publisher of the National Enquirer. [WSJ]

»  Spotify is trying to restart its talks with U.S. record labels after some — most loudly, Warner Bros. (NYSE: TWX) — expressed displeasure with the UK’s music service’s “freemium” model — have expressed complaints. [BillboardBiz]

»  Virgin Media (NSDQ: VMED) is planning TiVo (NSDQ: TIVO) web apps beside online, mobile VOD [paidContent]

»  Take note, startup slaves: Staffers who stuck around three years after New Media Strategies was acquired by Meredith Corp. (NYSE: MDP) are being handed checks valued between $80,000 and $105,000 this week, thanks to a stock pool set up by CEO Pete Snyder and fellow founders to reward those who helped it meet its earn out targets. [AdAge]

»  Amazon’s Jeff Bezos predicts Kindle e-book sales “will surpass paperback sales sometime in the next nine to 12 months.” [USAT]

»  Reed Elsevier (NYSE: RUK) is asking a federal appeals court to uphold a finding that misappropriates banks’ “hot news” by reposting their stock recommendations. [Mediapost]

» is looking to enter the b2b space. [Webnewser]

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