Update 1: Sources tell paidContent that the Microsoft deal does not impact NBC Usarrangement with Google (NSDQ: GOOG).
Sources counter that by telling paidContent that Fox was supposed to initiate a bidding war for the companys assets.
The much-discussed magazine consortium will be announced early next week (it looks like Tuesday at this point) with News Corp. joining Conde Nast, Meredith, Hearst and Time Inc., paidContent has confirmed from multiple sources.
The deals were reported first by the Wall Street Journal, and paidContent confirmed other details with a source familiar with the situation.
"We have admired paidContent from the beginning," Paul Walborsky, GigaOM's chief executive said in an interview with DealBook on Wednesday.
According to PaidContent's summary of the NYT coverage, sources include the Wall Street Journal, New York Times (to 1981), Washington Post, Time (full archives to 1923), Guardian Unlimited, Factiva, Lexis-Nexis, HighBeam Research and Thomson Gale.
He could not have turned his side hobby, business blog PaidContent.org, into a multimillion-dollar business without seed money from legendary media investor Alan Patricof.
A poll by Harris Interactive for paidContent:UK, a website owned the Guardian, finds that three-quarters of Britons say they would switch to an alternative free news source if their favourite website began charging.
Go to PaidContent.org » Go to McClatchy Conference Call Webcast ».
(paidContent) Social networking, with pictures Anyone on Imagini?
