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Medium buys Bay Area mag The Bold Italic to add to its paywall – TechCrunch

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Medium buys Bay Area mag The Bold Italic to add to its paywall – TechCrunch

Medium is seeking to juice up its premium subscription content in its home market with the acquisition of The Bold Italic. The 10-year-old culture magazine will go behind the $5 per month Medium Membership paywall. The deal will keep The Bold Italic afloat when other San Francisco-local publications have struggled, following the shutdown of the The Oakland Tribune an SFist plus the layoff of most the Easy Bay Express.

The Bold Italic could make Medium Membership more appealing to Bay Area techies, newshounds, and community-philes. It needs all the subscribers it can get after pivoting away from ads and laying off 50 employees as well as shuttering two offices in 2017. That’s despite having raised $13Last year it gave some publications whiplash by suddenly terminating its program that let them operate their own paywalls on the Medium platform.

Bringing in premier, well-branded content could make people see Medium Membership as more than just paying for what you could get elsewhere for free.

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India’s top court finds Anil Ambani guilty on contempt in Ericsson case

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India's top court finds Anil Ambani guilty on contempt in Ericsson case

FILE PHOTO: Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, addresses shareholders during the company’s annual general meeting in Mumbai, India, September 18, 2018. REUTERS/Francis Mascarenhas/File Photo

NEW DELHI (Reuters) – India’s Supreme Court said on Wednesday that Reliance Communications chairman Anil Ambani willfully did not pay 5.5 billion rupees to Swedish telecom equipment maker Ericsson, holding him guilty in a contempt of court case.

The court asked billionaire Ambani and two directors of RCom to pay 4.5 billion rupees to Ericsson within four weeks. They will face three months jail term if they fail to pay the amount, the court said.

The Swedish company signed a deal with RCom in 2014 to manage and operate its network and last year approached the court over unpaid dues of 5.5 billion rupees.

Reliance Communication said the company respect the court judgment and the “group shall comply with same.”

Reporting by Suchitra Mohanty; Writing by Rajendra Jadhav; Editing by Euan Rocha

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GM’s Arīv electric bikes are launching in Europe first

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Even though the company designed and engineered the bikes in Michigan and Oshawa, Ontario, it will release them in Germany, Belgium and the Netherlands first. GM says it chose those locations “due to the popularity of lithium-ion battery-powered e-bikes in those markets,” which makes sense if you think about it.

The compact e-bike called Arīv Meld will set customers back between €2,750 and €2,800 (approximately $3,200). Meanwhile, the folding e-bike called Arīv Merge, which users can fold up and roll on two wheels if they want to, will set buyers back between €3,350 and €3,400 (around $3,900). Both models are now available for pre-order on Bike Exchange and will start shipping in the second quarter of 2019.

Ariv

Arīv Meld

ArīvArīv Merge

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EU’s Vestager says not precluding Facebook case in future

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EU's Vestager says not precluding Facebook case in future

FILE PHOTO: The entrance sign to Facebook headquarters is seen in Menlo Park, California, on Wednesday, October 10, 2018. REUTERS/Elijah Nouvelage/File Photo

BRUSSELS (Reuters) – Facebook is not currently in EU regulators’ crosshairs but it may well be in future because of the crucial role played by data, Europe’s antitrust chief said on Tuesday.

European Competition Commissioner Margrethe Vestager’s comments came two weeks after the German cartel office ruled that the world’s largest social network abused its market dominance to gather information about users without their consent.

Vestager said she has no case against Facebook regarding its market power for now but nevertheless was monitoring the market.

“We have some concerns. One thing is that we don’t have an open case now, that doesn’t preclude we don’t have a case in future. We are looking at the market very closely,” she told a European Parliament hearing.

The European Commission has previously indicated that Facebook’s issues could be better handled by privacy enforcers rather than by competition regulators.

Vestager has taken on tech giants including Google and Qualcomm in recent years and handed down million-euro fines for abusing their market power.

Reporting by Foo Yun Chee; editing by David Evans

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