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Mixed Media

by Jeff Bercovici
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Mar 05 2009 8:14am EDT

Idle Chatter: Icahn, YouTube, Facebook, Limbaugh...

-Buying up media companies' debt is the new tactic of choice for opportunistic investors like John Malone, Charles Ergen and Carl Icahn. [NYP]

-Universal Music Group and YouTube are in discussions about launching a new website featuring music videos. [WSJ]

-HarperCollins is creating a new imprint, It Books, devoted to "pop culture, sports, style and content derived from the Internet." Among its first offerings will be a book called Twitter Wit, purporting to offer just that. [NYT]

-Speaking of Twitter, Facebook is introducing a new homepage whose selling points include "more Twitter-like chatter." But it also lets you limit which of your friends' updates you see, while removing the 5,000-friend ceiling. [AFP]

-Rush Limbaugh wants to debate President Obama. This might happen if the financial crisis and all the nation's other problems solve themselves in the next 72 hours. [Huffpo]

-Shares in Time Warner, CBS, Viacom, News Corp. and Disney were all up yesterday, for some reason. [Variety]. □

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