The Barry Diller-backed online television service Aereo, currently available only in New York, will be in "most major" markets within a year and a half, according to Diller, speaking at the annual Sun Valley meeting that draws many media moguls.

He was triumphant about last week's ruling that "could upend the economics of broadcast television," allowing Aereo to operate "while television networks pursue a copyright lawsuit against the company," write Edmund Lee and Jonathan Erlichman. “One of my friends at a large broadcaster said you succeeded in dropping my stock 2 percent,” Diller said. Read the whole story...

SBI Holdings will sell Dow Jones the 40% stake Dow Jones lacks in the Wall Street Journal Japan, giving it sole ownership of the  Journal's Japanese-lanaguage website. The company plans to expand operations of the site, launched in 2009 -- which should aid in reaching new readers in the Asian market, along "with the WSJ.com Chinese-language edition and soon-to-launch Bahasa Indonesia news site," according to Lex Fenwick, Dow Jones CEO. Read the whole story...

Lucky magazine is creating a user-generated section on its site, Lucky Community, in August.  Community grew out of the Lucky Style Collective, a network of bloggers who contribute and share ad revenue with the site -- while Community contributors will be unpaid.

Lucia Moses writes that Lucky, facing a 17% ad revenue loss, is denying rumors it may go online-only. Read the whole story...

The Daily, News Corp.'s tablet publication launched a little over a year ago,  is reportedly "on probation and at a crossroads while the company reconsider[s] whether it could turn around losses that were estimated at roughly $30 million a year," writes Amy Chozick, citing "several people close to the company who did not want to be identified." This move comes shortly after the company decided to split its "lower-performing" publishing products from its "fast-growing" entertainment assets, writes Chozick. Read the whole story...

"The Tom Cruise-Katie Holmes divorce has provided A-list fodder for fanzines in the past two weeks, a vivid supermarket-line reminder that, even in the digital age, celeb magazines are still a force," writes Robert Marich.

In fact, "the old-fashioned magazine [is still] the Holy Grail" -- at least for publicists, though print mags are of course affected by competition from the Internet, with massive drops in ciruclation for most except for InTouch and People.

Marich also traces changes such as how "celeb magazines have created their own world of stars" from reality TV, folks who are more relatable to the average Jane, while "Movie stars can be found on the covers of fashion glossies such as Vogue, In Style or W." Read the whole story...