News Byte

Former Obama Aide Robert Gibbs May Join Facebook

Facebook is trying to hire Robert Gibbs, the former White House press secretary and Barack Obama communications director. Gibbs, who left the White House in February, would report to Facebook’s Elliot Schrage as a member of his communications, marketing and public policy team, according to a report by DealBook. Many executives from Silicon Valley–especially from Google–have gone to work for Obama, but this would be a significant move in the other direction.

News Byte

No Shotgun Wedding for Salon, Newser

AOL and Huffington Post makes sense. What about Salon and Newser? We won’t have to contemplate that one, says Dealbook, reporting that “talks broke down over price” a few weeks ago. Salon has been on the block for months–it is sort of always on the block–but its CEO now says it will “move forward with other plans, including continuing to invest in the business.”

Warning: Oversharing Ahead, as Wall Street Bankers Start to Talk Up Web 2.0 IPOs

Goldman Sachs seems to have borked the $1.5 billion deal to sell Facebook shares to its rich U.S. clients, because so much information about it leaked everywhere. That’s right! The loquacious Wall Street bankers are back to take Web 2.0′s social stars public and, of course, are oversharing already.

Beatles Boost EMI. (But About That Debt…)

The good news for EMI is that it is selling lots and lots of Beatles albums. Still! The bad news: EMI’s owner is suing its lender–and trying to borrow more money. Who said the music business was glamorous?
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Sun Valley Diary: Where’s the New York Times’s Sun Valley Diary?

Every year, media moguls gather at the Allen & Co. Sun Valley conference to listen to each other gab, parade around in casual wear and occasionally make deals. And for the last several years, the New York Times has provided excellent on-the-ground coverage, usually via Dealbook’s Andrew Ross Sorkin. Not this year.
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IBM, Sun Deal Friday?

How badly does Sun want its acquisition deal with IBM to go through? So badly that it’s willing to lower its purchase price for assurances that Big Blue will finish the deal.
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