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DMW Daily, July 2, 2009

Top Stories
o Warner’s $33M Bid for Midway Games Close To Being Approved
o Report: Paramount in Talks to Merge DVD Operations with Sony and Fox
o Bling Nation Lands $8M for Cell Phone Payment System
o Gannett To Lay Off 1,400, Digital Units Safe
o uSocial Lets You Buy Twitter-Followers
Briefly Noted
o Facebook Rolls Out New Privacy Features
o Nickelodeon Launches AddictingGames For iPhones
o Report: Evite Lays of a Quarter of Employees
 Top Stories
o Warner’s $33M Bid for Midway Games Close To Being Approved 
Chicago – Warner Bros. (NYSE: TWX) $33 million bid to buy "substantially all" the assets of Midway Games (NYSE: MWY) looks like its close to being approved. [more..]
o Report: Paramount in Talks to Merge DVD Operations with Sony and Fox 
Los Angeles - Viacom-owned Paramount Pictures studio (NYSE: VIA) is in preliminary discussions about merging some or all of its DVD operations with Sony (NYSE: SNE) and Fox (NYSE: NWS), according to Financial Times. [more..]
o Bling Nation Lands $8M for Cell Phone Payment System 
Palo Alto - Bling Nation, a mobile payments infrastructure service, has raised $8 million in funding from Lightspeed Venture Partners, Meck and Camp Ventures. [more..]
o Gannett To Lay Off 1,400, Digital Units Safe 
New York - Newspaper publisher Gannett Co. (NYSE: GCI), owner of USA Today and dozens other newspapers, plans to cut 1,400 jobs in the next few weeks, as a result of decreased advertising revenue. [more..]
o uSocial Lets You Buy Twitter-Followers 
Australia - How is this for an innovative social media marketing idea? An Australian marketing company called uSocial is offering a paid service that finds followers for users of the micro-blogging service Twitter. [more..]
 Briefly Noted
o Facebook Rolls Out New Privacy Features 
Facebook has begun testing new privacy options. Once the changes - now in beta and not yet final - are complete, users will be able to decide who can see their Facebook posts on a post-by-post basis, according to PC World. [more..]
o Nickelodeon Launches AddictingGames For iPhones 
Los Angeles - Viacom-owned kids channel Nickelodeon (NYSE: VIA) is launching a cross-promotion network for the iPhone, dubbed the AddictingGames iNetwork. [more..]
o Report: Evite Lays of a Quarter of Employees 
New York - Online invitation service Evite, owned by IAC (NSDQ: IACI), is has laid off almost a quarter of its personel, 9 employees out of 38 total, and will reorganize to cope with a slump in advertising, according to Paid Content. [more..]