On today’s Morning Media Menu (MP3 link), GalleyCat editor Jason Boog joined me for a look at Evernote’s $1 billion valuation and Tumblr’s decision to bite the bullet and start selling ads – at $25,000 apiece.

We also discussed our new Web series, AppSlap. First up was a review of Next Issue, a magazine reader with a Netflix-style business model that adds multimedia to popular print titles like People and The New Yorker. (In reality, the business model is a little more like cable TV.)

Follow this MP3 link to listen. The show was hosted by GalleyCat editor Jason Boog. Click here to receive mediabistro.com’s Daily Newsfeed via email. Music by Kevin MacLeod.

Image by Nils Z via Shutterstock.