Morning Wire: Your morning cup runneth over

And now the morning's worthy media business news according to us: Under new CEO Viacom's MTV will prove that it still has love for music when it drops, $175 Million in cash for a maker of music oriented video games called Harmonix Music Systems. Is it us or has Viacom spent almost as much or way more than what Newscorp paid for Myspace? This must have been something on the table when Tom Freston was in office because new CEO Philippe Dauman will only buy if its under $100 Million [NYT] Media companies continue to trim the fat where they see fit. The latest to announce a diet plan to drop some weight is Tribune Co. the company said that it would consider selling any or all of its 11 newspapers and 25 television stations, a move that could reshape the media landscape. Wait so what will they be left with? [NYT] Retail giant Walmart is flexing its muscles against major Hollywood studios threatening them with retaliation if they continue to sell movie downloads on iTunes. The retail giant is worried that iTunes may be cutting into their DVD profits. So shouldn't Walmart CEO Lee Scott go straight to the source.........Apple CEO Steve Jobs? [NYP] disgraced media chief Conrad black will do anything to save his wife's over $2 Million in jewels from being sold off by the feds. But we ask.....can't he just by them back from the FEDS? [NYP]