The Morning Lowdown 02.11.2011


Credit: Corbis / Patricia Curi

»  As our Staci D. Kramer reported earlier this week, Time Inc. (NYSE: TWX) is starting its multiple magazine-app subscription plans on the Hewlett Packard (NYSE: HPQ) WebOS TouchPad. The initial subscription launch includes apps for Time, Fortune, People and Sports Illustrated. Time Inc. execs will unveil more details of the subscription plan for SI on Friday morning, just ahead of the title’s Swimsuit Issue. [NY Post]

»  Rupert Murdoch picked up nearly $20.2 million in News Corp (NSDQ: NWS). stock Tuesday, exercising options to buy 1.2 million shares at $16.31. The stock purchase, his first in nearly five years, is roughly two-thirds of the amount News Corp. plans to invest in new iPad news app The Daily by the end of the fiscal year in June. [Dow Jones]

»  Everyone seems to be getting into news aggregation these days. And some companies are getting into multiple times. Case in point: The Washington Post Co. (NYSE: WPO) is launching an aggregator called Trove next month. It’s invested between $5 million and $10 million in the service. That’s on top of the $4 million it kicked in, along with the NYTCo (NYSE: NYT) and Gannett (NYSE: GCI), to support Ongo, a subscription-based news curation site, which debuted late last month. [WSJ]

»  News Corp. iPad newspaper The Daily believes it got a photo of enigmatic blogger Nikke Finke. Finke says it’s not her and TheWrap agrees. [TheDaily, Gawker, TheWrap]

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