iTunes is working fine for me.
Go to LW's prefs;
⌘ , & uncheck & recheck the iTunes options & press apply. Sometimes iTunes goes a bit fuzzy & needs to be reset.
I haven't read the "rumours" yet. I will await for the facts to emerge if they do about any changes. There's often business "offers" & "considerations" but in the end ... it's the final decisions that count. I'm sure there's been offers or discussions that didn't even reach the public media. Hey they make money reporting about "something", even if it's not true or half true or ... just gossip. In my country we do have some media laws re: reporting lies or deliberate misfindings.