Morning Media Newsfeed: Flipboard Buys Zite | BBC3 to Go Online-Only | Egypt Tries AJ Staff

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CNN Sells Zite to Flipboard (CNNMoney)
CNN has sold its news reader app, Zite, to Flipboard, a social magazine application. As part of the deal, Flipboard has also teamed up with CNN to launch custom magazines for CNN shows anchored by Fareed Zakaria, Jake Tapper and John King. The deal could be valued as high as $60 million over time, taking into account future advertising revenue, said a source familiar with the deal. TVNewser The sale occurred less than three years after CNN acquired Zite for $20 million. CNN and Flipboard’s partnership will allow CNN to expand its mobile reach and take advantage of Flipboard’s technology and mobile sales strategy. Re/code Zite itself will shut down, but CNN says most of its 20 employees will go to work for Flipboard. Zite CEO Mark Johnson will not be joining them. Forbes / Jeff Bercovici The deal merges two apps that let users aggregate news stories from all over into a single magazine-like experience. Of the two, Flipboard has been considerably more successful: It’s currently ranked No. 5 among free iPad news apps in Apple’s App Store, while Zite is No. 39. Flipboard will absorb the machine-learning technology that Zite uses to personalize news feeds for its users. Mashable The move also divests CNN of one of its most high-profile acquisitions while putting it in front of Flipboard’s users, which according to Johnson number more than 100 million.

BBC to Turn Youth Network Into Online-Only Channel (THR)
The BBC is planning to shutter youth-skewing TV network BBC Three and move its shows online amid the need for more cost savings. BBC director general Tony Hall last week told a TV industry conference in Oxford that the U.K. public broadcaster faces “tough choices” amid the need for an additional $165 million in annual savings. Financial Times BBC Three, the launch pad for comedies such as Little Britain and Gavin & Stacey, will become available only on iPlayer. A formal announcement is due on Thursday, said a person familiar with the situation. It would be the most controversial move yet by Hall, who is this week celebrating his first year as the organization’s director general. The Guardian Hall’s decision also signals a reprieve for its sister channel, the arts and culture specialist BBC Four, which has faced calls for it to be axed and merged into BBC Two — although it is not clear if the channels will subsequently be renumbered. GigaOM Despite the outcry, turning to the Internet for BBC Three could make sense. The channel is known for having a younger audience that is more likely to stream programming online as well. And the BBC’s iPlayer already has a sizeable audience: In January, the BBC clocked 315 million video and audio streams through the platform. Three out of four iPlayer streams are video programming and 25 percent of these video streams get accessed through a smart TV, game console or connected device.

Trial of Al Jazeera Reporters Resumes in Egypt (BBC News)
The trial of Al Jazeera journalists accused of joining or aiding a terrorist group resumed in Egypt on Wednesday. One asked the judge to free him on bail so he could receive medical treatment. In all, 20 people are on trial, 12 of them in absentia. Al Jazeera says only nine of the defendants are among its employees. They all deny supporting the Muslim Brotherhood, which was designated a terrorist organization in December. Al Jazeera America Peter Greste, Mohamed Fahmy and Baher Mohamed, who have been held for more than two months, appeared in court for the second time on Wednesday when witnesses for the prosecution were heard. The trial was adjourned until March 24. LA Times / World Now Prosecutors on Wednesday displayed seized items such as cameras, cables and microphones as evidence in the trial of the journalists. Defendants in white prison uniforms looked on from inside a metal cage at a high-security Cairo prison. The prosecutors did not explain how possessing equipment commonly used for news gathering linked Al Jazeera’s team to the Brotherhood. The Guardian Al Jazeera has come under sustained vitriol from the Egyptian government and its supporters because it is owned by the state of Qatar, whose rulers are prominent supporters of the Muslim Brotherhood. But Al Jazeera says its journalists are independent, and that the charges are absurd. TVNewser Last week, rallies were held in more than 30 cities to show support for the imprisoned journalists and call for their release.