Magazine world view: Rich Twitter; USPS hikes; mag sites that suck; Scots' lifestyle

• Funding values Twitter at $8.4 billion (Wall Street Journal)
• Financial Times grows paid digital subs 34% in first half 2011 (Folio:)
• Hanley Wood sees single digit revenue increase, 20% earnings jump in first half of 2011 (Folio:)
• USPS wants rates raised, mag publishers cry foul (MediaPost)
• Forecast downgrades global adspend (MediaDailyNews)
• Conde Nast: 242,000 iPad subs in first 6 weeks (MediaPost) 
• 7 magazine web sites that suck (Dead Tree Edition) 
• Data Shot: Consumer weeklies out-page monthly mags for ads (Folio:) 
• Businessweek to launch editions in Europe and Asia (Press Gazette)
• New lifestyle mag for Scotland launched (Press Gazette)