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4:25 PM ET, December 20, 2014

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 Top News: 
BBC:
North Korea denies Sony hack, proposes joint inquiry with US, warns of “grave consequences” if Washington refuses  —  North Korea seeks joint probe with US on Sony hack  —  North Korea has offered to hold a joint inquiry with the United States into a cyber-attack on Sony Pictures …
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Mary Bruce / ABC News:
Sony Hacking: Obama Says Sony Made ‘Mistake’ in Canceling ‘The Interview’  —  President Obama says Sony Pictures Entertainment made a “mistake” in canceling its planned release of the movie “The Interview” following a destructive cyber attack the U.S. government says was launched by North Korea.
Jordan Chariton / The Wrap:
Sony CEO Michael Lynton to President Obama: ‘We Have Not Caved’ (Video)  —  Sony CEO Michael Lynton fired back at President Obama's calling his decision to cancel “The Interview” a mistake, saying, “We have not caved” to terrorists.  —  “We have not caved, we have not given in, we have persevered, and we have not backed down.
FBI:
FBI concludes that the North Korean government is responsible for Sony Pictures hack
Brian Stelter / CNNMoney.com:
In new email sent to Sony executives, hackers threaten further release of “sensitive data” pending any “additional trouble”
Jay Rosen / Pressthink:
In sustainable news organizations, journalists need to understand the business model, so they can more effectively create value for the business  —  When to quit your journalism job  —  When the sales people are happy to sell what the newsroom is happy to make, there you have a well-run editorial company.
RELATED:
Russell Brandom / The Verge:
Google sues to block Mississippi AG Jim Hood's “burdensome, retaliatory” subpoena of records, issues a document preservation notice to MPAA
Janko Roettgers / Gigaom:
Social TV service TVtag, previously known as GetGlue, to shut down end of 2014  —  GetGlue successor TVtag is shutting down  —  Social TV service TVtag, which was previously known as GetGlue, is shutting down at the end of the year.  TVtag announced the shut-down in an email to users Friday afternoon …
John McDermott / Digiday:
Bustle CEO Bryan Goldberg talks about VC funding, focusing on a niche, and the danger of relying on Facebook traffic  —  Bustle CEO: Depending on Facebook is a mistake  —  If digital media is “drunk” on venture capital, then Bryan Goldberg has been overserved.
Max Read / Gawker:
Gawker's 2015 goals: more focus on Kinja's sub-blogs, including Valleywag and Defamer, plus new sub-blogs on media, justice, Internet, true stories  —  Gawker 2015  —  As part of our end-of-year process, all Gawker Media site leads were asked to submit planning memos for the next year.
Discussion: Poynter, @hadas_gold and @nbj914
Jackson Connor / The Huffington Post:
Following Layoffs, NYT Culture Section Devoid Of Black Reporters  —  Following this week's layoffs at The New York Times there is not a single black reporter on staff at the newspaper's culture section, Journal-isms reported Wednesday.  —  Felicia R. Lee, previously the only black reporter at the section …
Discussion: @justinnxt and @cjfarley
AdExchanger:
The Year YouTube Courted Brands  —  Google spent the year branding YouTube as the de facto video partner for brand advertisers.  2014 was certainly active for Google's video properties.  Its ads and commerce chief, Susan Wojcicki, took the reins at YouTube as senior vice president …
Recent Sponsor Post
Joe Pompeo / Capital New York:
Bloomberg CEO Dan Doctoroff says farewell as Michael Bloomberg formally resumes leadership  —  Dan Doctoroff bids farewell to Bloomberg L.P.  —  Dan Doctoroff bid farewell Friday afternoon to Bloomberg L.P., where he had served as chairman and chief executive since 2008.
Joe Pompeo / Capital New York:
New York Magazine reporter who wrote about fake high school stock whiz won't move to Bloomberg  —  Jessica Pressler staying at New York  —  Jessica Pressler, the New York magazine reporter who found herself embroiled in a journalism controversy just days after Capital reported she would be joining …
Ravi Somaiya / New York Times:
Nikki Finke, Hollywood Chronicler, Said to Be in Talks With Politico  —  Politico has been in talks to hire the Hollywood journalist Nikki Finke to write about Washington as a political columnist, people familiar with the discussions said Friday.  —  Ms. Finke has visited Washington to meet …
 
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AdExchanger:
The Year YouTube Courted Brands  —  Google spent the year branding YouTube as the de facto video partner for brand advertisers.  2014 was certainly active for Google's video properties.
Say Media / Say Daily:
Geo-Retail to the Rescue for Holiday Shopping … Let's face it: Black Friday 2014 brought the blues to retailers.  Even after doling out deep discounts on merchandise, retailers struggled to entice shoppers to Black Friday sales events.
Search Marketing Expo News:
SMX West Rates Increase Tomorrow - Register Now & Save!  —  SMX West Super Early Bird rates expire tomorrow, Friday December 19.  Register now and join us in San Jose March 3-5.  —  Here's what you get:
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 More News: 
Todd Spangler / Variety:
DirecTV Launches Fox's Suite of Internet TV Services
News Corp:
News Corp buys BigDecisions.Com, Indian startup that helps consumers with financial decisions
Ed Christman / Billboard:
Pandora Gets Creative Again: Company Sues The Turtles Over First Amendment Rights
 Earlier Picks: 
Ruth Reader / VentureBeat:
Yahoo to shut down some regional news sites, sunset Yahoo Classic Games, alerts, profile sites
Discussion: Yahoo
Roy Greenslade / Guardian:
New York Times to set up digital hub in London
Jonathan Seitz / Nieman Reports:
BuzzFeed executive editor for news Shani O. Hilton talks about news judgment, newsroom structure, and diversity