ITU meetings start Monday: The International Telecommunication Union (ITU) is holding a conference to discuss revising a global treaty regarding how Web traffic moves from country to country. Under one proposal, Internet governance would move under the ITU, which is a division of the United Nations.

On Friday, Lawrence Strickling on the National Telecommunications and Information Administration, as well as Federal Communications Commissioner Julius Genachowski, reaffirmed their support for a “multistakeholder model” for addressing Internet policy and governance. They were joined by Phillip L. Verveer of the State Department.

Google chief Internet evangelist and Internet pioneer Vint Cerf also weighed in on the issue in a company blog post Sunday, saying that he worried new proposals could limit the free flow of the global Internet.

“This openness is why the Internet creates so much value today. Because it is borderless and belongs to everyone, it has brought unprecedented freedoms to billions of people worldwide: the freedom to create and innovate, to organize and influence, to speak and be heard,” he wrote.

AT&T’s Stephenson weighs in on fiscal cliff: In a statement, AT&T chief executive Randall Stephenson said that, after meeting with President Obama, he is convinced “a budget deal to avoid the ‘fiscal cliff’ must and can be found.”

Stephenson said he favors a compromise that includes raising tax rates and revenue as well as federal spending cuts.

“Failure to address this will result in severe market disruptions, a return to negative economic growth, and businesses pulling in investment,” he said. “This can and must be avoided. It is no exaggeration to say that the future economic well-being of all Americans is riding on the outcome.”

U.S. spends 121 billion minutes on social networks: Americans spent 121 billion minutes on social media sites in July 2012 — a staggering figure that works out to about 230,060 years spent posting, liking and tweeting.

That’s the latest number from the Social Media Report, an annual snapshot by Nielsen and NM Incite. The break-out social media star of the past year has been Pinterest, the report said, which jumped 1,047 percent from the same time last year. And since its September 2011 debut, Google+ has grown 80 percent.

The report also added further evidence that the mobile Web is becoming a much more important consideration for social networks; no social network saw mobile traffic fall.

News Corp. closing The Daily: News Corp. announced Monday that it is restructuring and getting rid of its two- year-old experiment, The Daily. The iPad-only magazine was a “bold experiment in digital publishing and an amazing vehicle for innovation,” said News Corp. chairman and chief executive Rupert Murdoch in a statement. “Unfortunately, our experience was that we could not find a large enough audience quickly enough to convince us the business model was sustainable in the long-term.”

Jesse Angelo, the founding editor-in-chief of The Daily will become the publisher of the New York post, effective immediately.

Tumblr hit with posting worm: Tumblr confirmed Monday that a “viral post” is spreading quickly through its platform and that it is trying to resolve the issue.

In a message posted to the company’s official Twitter account, the blogging site said, “We are aware that there is a viral post circulating on Tumblr. We are working to resolve the issue as swiftly as possible. Thank you.”

Users who click on the links in the viral post, which promotes the anti-blogging agenda of something called the GNAA, might wind up with the message posted to their own blogs.

Tumblr disabled posting on the site as it worked to stop the virus.