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October 24, 2016, 5:20 PM
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Peter Kafka / Recode:
The New York Times is buying online consumer guide The Wirecutter, founded by former Gizmodo editor-in-chief Brian Lam; sources say NYT will pay more than $30M  —  Brian Lam sells his online consumer guide to the paper of record.  —  Amelia Krales for Recode
Se Young Lee / Reuters:
Samsung: South Korean customers who exchanged their Galaxy Note7 for an S7 will be able to trade for Galaxy Note8 or S8 next year at 50% of the cost of their S7  —  Samsung Electronics Co Ltd said on Monday it is offering an upgrade program to Galaxy Note 7 customers in South Korea who trade …
Wall Street Journal:
Samsung's rushed replacement of Galaxy Note7 before finding the root cause of fires doomed the smartphone  —  On the verge of challenging Apple's mobile phone dominance, the South Korean company made a rushed decision, based on incomplete evidence, that later forced it to kill the model.
Sarah Perez / TechCrunch:
IDC: Q3 smartwatch shipments down 51.6% YoY to 2.7M with Apple Watch down 72% YoY to 1.1M units, but the impact of new Apple Watch models remains to be seen  —  Maybe not everyone is convinced they need a smartwatch?  According to a new industry report from IDC out this morning …
Reuters:
In wake of botnet DDoS attack on DynDNS, Hangzhou Xiongmai issues US recall of webcam models that had easy-to-guess default passwords  —  Chinese firm Hangzhou Xiongmai Technology Co Ltd said it will recall some of its products sold in the United States after it was identified by security researchers …
Michael Kan / PCWorld:
Hangzhou Xiongmai admits its products were part of Mirai botnet, says it patched the flaws in September 2015 but older devices still vulnerable
Romain Dillet / TechCrunch:
Apple releases iOS 10.1 with the iPhone 7 Plus' Portrait mode, which is still in beta  —  Apple has just released the first significant update for iOS 10.  As expected, the main focus of iOS 10.1 is that insane Portrait mode for the iPhone 7 Plus.  The update is rolling out and is available …
Chris O'Brien / VentureBeat:
Intel Capital leads $15 million round for Chronocam to develop visual sensors for cars, drones, and robots  —  Chronocam, a maker of advanced vision sensors, announced today it has raised $15 million in venture capital in a round led by Intel Capital.  —  The announcement came as part of the Intel Capital Global Summit in San Diego.
David Henry / Reuters:
19 US banks to offer a money-transfer app Zelle with instant deposits by early next year, to compete against PayPal, Venmo, and Square Cash  —  By the end of December some U.S. bank customers may begin to notice features of the new Zelle instant payments network appearing on their mobile phone …
Matt Burgess / WIRED UK:
Microsoft will raise cloud computing prices in UK by up to 22% in January, in wake of Brexit  —  Microsoft cloud computing prices will rise by up to 22% due to the EU referendum  —  Starting next year, Microsoft will raise the prices of its enterprise software and cloud services because of the drop in the value of the currency.

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From Mediagazer

Jessica Toonkel / Wall Street Journal:
Sources: Paramount Global's board is considering replacing CEO Bob Bakish with an “Office of the CEO” made up of division heads on an interim basis

Andrew Marchand / The Athletic:
Sources: Amazon Prime Video has a framework deal for NBA broadcast rights for at least a decade, starting in 2025-26; ESPN/ABC is expected to keep the finals

Alex Weprin / The Hollywood Reporter:
Memo: CNN's Poppy Harlow is leaving the network; she joined in 2008 and most recently co-hosted CNN This Morning, which was effectively canceled earlier in 2024

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