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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