Apple plans to announce the launch a new cloud music service later in the year. “…It has deals with three of the big music labels. And it is in talks to close a deal with Universal Music Group, the world’s biggest music company. But when Apple gets its Universal deal done, it still won’t be ready to launch. That’s because Apple has yet to nail down terms with the big music publishers, who own a separate set of rights…” (Media Memo by Peter Kafka – Wall Street Journal).