Media Roundup: Hollywood's Bailout Cut, iTunes Saved, WSJ's New Editors, and More

Hollywood could get a cut of bailout cash -- The federal bailout package includes $470 million in tax breaks for movie and TV employees. [Source: Nikki Finke's Deadline Hollywood Daily]

iTunes won't close afterall -- Apple threatened to close iTunes if publishers raised royalty rates, but the Copyright Royalty Board ruled for no increase. [Sources: VentureBeat, TechCrunch]

Wall Street Journal shakes up Page One -- Mike Allen takes on a newly created position, Page One Projects Editor, and Alex Martin succeeds him as Deputy Editor. [Source: Talking Biz News]

RealNetworks and MPAA sue each other -- The Motion Picture Association and the software company both put on the boxing gloves Tuesday. At issue: whether the new realDVD software, which allows digital to digital copying, is legal. [Source: SeekingAlpha]

Survey says: media in the toilet -- Media dealmaking is down a startling 70 percent from a year ago, according to a report by the Jordan, Edmiston Group. [Source: MediaWeek]