Google reportedly wants to launch its own online pay TV service — paidContent

Google is talking to media companies about licensing live TV programming and streaming it on the internet, the WSJ reported Tuesday afternoon, citing unidentified sources.
The article doesn’t say how far the discussions have gotten or which networks Google is talking with, but “in at least one case, Google has provided a demonstration of the product.”
Google already has Google TV, a product that provides access to apps like Pandora and Redbox Instant and is powering certain smart TVs as well as a separate set-top boxes. But Google TV is largely meant to be complementary to an existing pay TV subscription, whereas this new offering would compete directly with subscriptions offered by cable and satellite TV companies.
Other companies also want to compete with cable providers and transmit TV over the internet. Intel plans to launch its own service, OnCue, this yearSony, Apple andFanhattan are also working on such services, but have had difficulty getting them off the ground. Apple, for instance, has pursued a piecemeal strategy to get networks to stream their content through apps on Apple TV, but is also reportedly working on a live TV product that would allow ad-skipping.
Google reportedly wants to launch its own online pay TV service — paidContent.

It’s (Mostly) Official: Yahoo Buying Tumblr Youth Serum for $1.1B

Cash! The WSJ says “the Yahoo board has approved a deal” to make this happen, and it’s hard to imagine Tumblr turning this down. One of the most unpopular companies in the world will soon own one of the most popular in history, and we’ll all find out if you really can buy cool.

A billion dollars for a company with a massive, young, ad-averse, GIF-swapping user base and an open disdain for revenue—Yahoo’s shareholders are probably a little puzzled, if they aren’t prima facie dazzled by how often Tumblr is characterized as “cool” and “young”—that demographic elixer Yahoo will now try to vampire-suck out of Tumblr. Cool, cool, cool, young, young, so young.

Tumblr’s investors won’t be so dazzled, as they were hoping for a hell of a lot more than a billion dollars. Then again, these same investors poured millions into a company that, as mentioned, never made making money a priority—Tumblr should consider itself lucky to have this deus ex Marissa Mayer, the ultimate bail-out.

Read more @ ValleyWAG.