Good morning from San Diego, where the annual Publishers Mega Conference is underway. One big takeaway: Traditional advertising as a lasting revenue stream for the news media seems just about dead. Marketing services, commerce, subscriptions, events and podcasts are the biggest topics of conversation here. "It's all based on consumer relationships," says Ken Doctor in the opening keynote address.
Situational awareness: Comcast is making a bid for the U.K.’s Sky News, offering $31 billion for the Pay-TV provider. Fox is currently bidding $15 billion for a larger stake of the company. (More below.)