Foursquare Labs, the wireless service that lets users broadcast their whereabouts to friends, is valued at more than $250 million and will probably hold another round of financing later this year. The service, with more than 6 million users, "pulls in some revenue from big brands," although it's not yet interested in offering shares to the public, co-founder Naveen Selvadurai said. Foursquare, which Selvadurai said will probably have 10 million users by June, faces increasing competition from location-based services now offered by social media sites Facebook and Twitter. Foursquare expects to profit by forming more partnership with local …

The New York Times is preparing to introduce multiple subscription packages for access to the paper's Web site and other digital content, kicking off the biggest test to date of consumers' willingness to pay for news they're accustomed to getting free. Online readers of the Times would get free access to a certain number of pages before being asked to pay. Under the new system, expected to be rolled out next month, the Times will sell an Internet-only subscription for unlimited access to its site, as well as a broader digital package that bundles the Times online with …

AT&T has relabeled its transactional video-on-demand service U-verse Movies, emphasizing the availability of new releases to fight rental competitors Netflix and Redbox. The telco, which previously marketed the service as U-verse On Demand, is touting that it offers titles up to 28 days before Netflix and that customers can watch many titles on TV, as well as online, on mobile devices and using a Microsoft Xbox 360. AT&T's U-verse Movies campaign kicked off Jan. 5 and will continue through the rest of the first quarter of 2011. Promotions include TV spots, direct mail, print and radio in certain markets. …

Bob Greenblatt is off to a fast start at the Peacock, ordering four pilots and shifting the network's commitments on two other high-profile projects. The newly appointed NBC Entertainment chairman's early picks include a fresh spin on "Wonder Woman" from David E. Kelley and an ambitious tuner from Steven Spielberg, Craig Zadan and Neil Meron called "Smash" about people putting together a Broadway musical. He also ordered an hourlong project from Michael Patrick King, "A Mann's World," and a laffer from "Will and Grace" alum Jhoni Marchinko. At the same time, NBC has backed away from its commitment to …

CBS has made another drama pilot pickup, giving the green light to "Rookies," an ensemble cop show from "Color of Money" writer Richard Price. The project, about six NYPD rookies who balance their personal lives with learning the beat on the streets of Manhattan, is executive produced by Robert De Niro and Jane Rosenthal, through their Tribeca production banner, as well as Price. CBS TV Studios, where Tribeca has a TV deal, is producing. This would mark a second NY-based cop drama series for CBS, which also has freshman "Blue Bloods, in addition to forensic procedural CSI: NY. …

Newsweek and The Daily Beast are in final talks with the Newspaper Guild about staffing issues related to their merger. The union, which represents some 90 magazine editorial staffers, is meeting with representatives of the companies. The outcome could provide some clarity for employees, especially about whether there will be future buyouts. Morale at the weekly has been declining as Tina Brown, the editor of the combined entity, has been making hires and rumors of impending cuts are swirling. It's still unclear when the Newsweek-Daily Beast deal will close and where the staffs will work, but Newsweek is expected to …

GE chief executive Jeffrey Immelt will lead the President's Council on Jobs and Competitiveness, which is replacing the Economic Recovery Advisory Board that Obama created two years ago to help guide the administration's response to the recession. President Obama said his goal of doubling U.S. exports in five years is "on track," adding: "We're already up 18 percent, and we're just going to keep on going." GE has lost more than half of its value since Immelt took over. Most of that decline came during the recent financial crisis as the company's finance arm, GE Capital, suffered huge losses …

Mobile DTV is poised to become a potent new offering in TV stations' digital arsenal. As signals are turned on and receiving devices are rolled out, mobile DTV will give marketers valuable new connections to consumers and valuable new advertising opportunities through which to engage with them. Mobile DTV will provide true advertising value and broadcasters shouldn't be shy about bringing it to market, from day one, priced accordingly. MagnaGlobal's recently released forecast stated that "interest in mobile advertising has been catalyzed among large advertisers over the past year, and we expect growth of 60.1% during 2011." Mobile DTV …

Media mogul Oprah Winfrey vowed to bring documentary movies into homes across the United States on her new OWN television network. She likened the effort to her hugely successful book club. At a Saturday launch party at the Sundance Film Festival, which has long championed documentary movies, Winfrey told the crowd that outspoken celebrity Rosie O'Donnell will be OWN's "curator" of non-fiction films. O'Donnell will host specials in which the films' makers and subjects are featured when the OWN Documentary Film Club launches this spring. Non-fiction films have long been the stepchildren to their far more popular siblings, …

AOL is getting ready to launch its own iPad magazine called Editions. The tag line for the magazine is "The Magazine That Reads You." It sounds like it will be an app like Flipboard, using your interests to figure out what you like. In a video teaser for Editions, Ethan Nagel, a technical director calls it, "a perfect daily reader." Users rank their interests in various topics and the digital mag goes and grabs stories from the Web for you. The video teaser is pretty awesome. It's all about coming up with a tagline for the app.