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The Morning Lowdown 08.27.10

»  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’s EC Media is betting that India’s population is just as ready for e-readers as America’s. [WSJ]

»  Meredith (NYSE: MDP) is sticking a video insert into one of its lesser-known print mags, Successful Farming. [Folio]

»  Pop star John Mayer is calling out The Huffington Post. asking the publication in less-than- polite terms to lay off the celebrity gossip and alleged prevarications. [One Forty Plus]

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