By Josh Lowensohn
Some five years after buying media identifying service Gracenote for $260 million, Sony is selling it off to Chicago-based media company Tribune Co. for nearly half that. The two companies today announced a $170 million deal that gives the Tribune Company's Media Services group Gracenote's technology and database of 180 million music tracks and videos. That technology is used in products like iTunes to identify music tracks from imported CDs, as well as serve up track information in online services like Spotify and Pandora. (Read more...)
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