Cybersecurity
Md. weighs boostingtax credit for jobs
Maryland lawmakers will look at the possibility of expanding a tax credit aimed at boosting jobs in the growing cybersecurity industry around the nation’s capital, House Speaker Michael E. Busch said.
Busch (D-Anne Arundel) said in an interview that a work group is due to submit recommen-dations soon on how to meet the growing demand for workers in the field. The task force is headed by William E. Kirwan, chancellor of the University System of Maryland, and Robert Hannon, a former head of the Anne Arundel County Economic Development Corp.
Maryland lawmakers approved a small tax credit last year for the industry.
Busch said Kirwan had told him that the state cannot get enough people through graduate and undergraduate programs to fill the available jobs in cybersecurity.
— Associated Press
Digital Media
News Corp. buys start-up Storyful
News Corp., Rupert Murdoch’s giant media company, said it acquired Storyful, a Dublin-based company that gathers user-generated news and video, for $25 million to help it expand its digital and video business.
Storyful, which bills itself as a “news agency of the social media age,” finds, verifies and acquires news content that people post online. The company distributes the content to its partners, which include news organizations and advertising agencies.
New York-based News Corp. said the Wall Street Journal, one of its newspapers, is already a Storyful customer. The company said the acquisition will complement its video offerings, such as WSJ Live and the recently launched BallBall in Asia. Storyful videos generated 750 million views for its partners, News Corp. said.
News Corp.’s acquisition comes at a time when newspaper publishers are increasingly looking for ways to make money from online video. Last month, E.W. Scripps Co. said it bought Newsy for $35 million. Newsy collects news from newspapers, TV and Web sites to create video reports that people can watch online or through the company’s apps.
— Associated Press
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