-- Music critic Jim DeRogatis has quit the Chicago Sun-Times and will become a blogger for Chicago Public Radio. (Chicago Tribune)

-- Live Nation has announced it intends to offer a $250 million private notes offering. The company intends to use the proceeds, along with borrowings under a new credit facility, to pay off Ticketmaster's borrowings under the existing credit facility. In addition, Live Nation will convert existing preferred stock of an unnamed subsidiary into the right to receive a cash payment. (Press release)

-- How does Last.fm fit in the long-term strategy of CBS Interactive? Fred McIntyre, VP of product at CBS Interactive, explains in an interview at The Music Void. "Last.Fm is essential to the strategy that we are executing for the CBS Interactive Music Group. We already use Last.Fm data, event and artist information extensively on Radio.com, the Radio.com iPad app which we shipped last week features integrated scrobbling and over the course of this year we will be integrating scrobbling as well as personalized radio into the streaming radio platform. One of our goals is to grow Last.Fm's audience in the US in 2010, and we see deeper integration across CBS Interactive Music products combined with 3rd party partnerships as important parts of how we hit this goal." (The Music Void)

-- On Monday, Rolling Stone erected a pay wall and unveiled a redesigned site. A one-month pass costs $3.95 while a full year costs $29.99. Online subscribers get a print subscription valued at $19.95. The online subscription comes with access to the online version of the current print magazine plus the magazine's archives. Subscription to the print magazine does not come with online access. (Fast Company)

-- Shazam's revenue increased by nearly 60% -- to £7.3 million ($11.2 million) - in the year after it launched its iPhone app. The company reported a net loss of £90,000 ($138,000) for the year ending June 30, 2009. At £6.6 million ($10.1 million), operating expenses ate up Shazam's entire gross margin. Shazam allows users to identify a playing song and purchase it from a retail partner. Last year, it started charging $5 for unlimited song identifications. The free version will identify only five songs per month. The Shazam iPad app is free. The company has said it makes most of its money from the sale of its app. It also gets affiliate revenue from download sales. And its apps have advertising. The company is looking for growth beyond music, however, and has plans to integrate its service with broadcast television shows and commercials to allow users to unlock additional content. (Music Ally

-- Some Record Store Day stats from the UK. "Early statistics suggest that this year's Record Store Day was almost twice as successful as last year's, with shops such as Rough Trade, Spiller's and Sister Ray selling more on Saturday than they did in the whole of the previous week. Album sales were up 8.9% from the previous week but it was singles sales that soared - they were up a massive 466%." (The Guardian)

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