Monday’s Music Briefing: Wired’s Listening Post Closes, Sony & WMG Pull iLike Songs, Pinnacle & More

HYPEBOT FEATURES:

• What Is Working? – An Indie Label & D.I.Y. Series
• Can Tom Jones Save EMI As Loan Default Looms?
• Top 10 Reasons Radio Stations Are Bleeding Money
• WMG Distances Itself From University ISP Effort
• YouTube Taps Indie Music Via Rumblefish
• Meebo And Universal Partner For Videos, Chat
• Music’s Week In Review: Layoffs, Pinnacle, (RED), Amazon UK, Majors Talk iTunes & More

MORE NEWS:

• Wired is shutting down its great music and tech focused blog Listening Post. While the promise to shift the coverage elsewhere on Wired, it will be missed.
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  Apparently because of a glitch or renegotiation of the Rhapsody deal which enables some of the song playback on iLike, Sony and WMG  are pulling some songs from iLike. (Media Memo)
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  Lawyers for UK trade group AIM have moved to help some indie labels cancel their contracts with bankrupt distributor Pinnacle. (Billboard)
• The iPhone may be coming to WalMart with a $99 price point. (Bloomberg)
• 5 Easy Steps To Plus Online Music Leaks. (Reuters)
• Starting with Fall Out Boy, young women’s specialty retailer Wet Seal will launch an in-store music program focusing on driving licensed merchandise within the music category. (press release)
• Like the rest of us, iTunes is worried about slower Christmas sales. (Jakarta News)