Top News:
Jeremy W. Peters / New York Times:
2 Suitors for Newsweek Are Said to Be Ruled Out — WITH a 5 p.m. Thursday deadline approaching for the final round of bids, at least two people were preparing to make offers for Newsweek while two others were told by the magazine's owners that their bids would not be considered.
Discussion:
Romenesko, Wall Street Journal, Media Research Center, New York Magazine and Tech Trader Daily
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Joe Pompeo / The Wire:
Newsmax Media, Two Others Are Out Of The Running For Newsweek — A spokesman for Newsmax Media just sent us the following statement about the company's failed bid to buy Newsweek: — Newsmax Media made a serious bid to acquire Newsweek, which we believe is an extraordinary publishing property …
Joe Pompeo / The Wire:
Marc Lasry's Avenue Capital Is Among Newsweek Finalists, Drasner Would Be A ‘Tough’ Owner — Here's what we know as the 5 p.m. July 1 deadline for final Newsweek bids approaches. — Chris Ruddy's Newsmax Media is out, as are hedge funders Thane Ritchie and Phil Falcone.
Discussion:
New York Post
Jennifer Van Grove / Mashable!:
Groupon to Offer Exclusive Deals through Local Newspapers — The quickly growing deal-a-day site Groupon has entered in to a partnership with The McClatchy Company — owner of The Miami Herald, The Sacramento Bee and several other newspapers — to outsource exclusive Groupon deals to McClatchy websites in 28 U.S. markets.
Michael Calderone / Yahoo! News:
Study: Newspapers stopped describing waterboarding as ‘torture’ during Bush years — Is waterboarding torture? If you picked up a major U.S. newspaper before 2004, the answer would likely be ‘yes,’ according to a new Harvard University study. — But in the post-9/11 world …
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Andrew Sullivan / The Daily Dish:
The Legacy Media And Torture
Discussion:
American Prospect, Mediaite, Romenesko, Philly.com, Chicago Reader, The Atlantic Wire, Gawker and Mother Jones
Robert Andrews / paidContent:
UK Times Goes Tentatively Paid From Friday At £1-A-Month — We've covered every step in Times Newspapers' conversion to paid websites - the initial plan, the confirmation, the blocking of stories from search engines and the launch in May of the two new websites behind a registration wall on a free preview basis.
Discussion:
Guardian, Bloomberg, Media Week Customer Publishing, Jon Slattery, Press Gazette and WebNewser
David Zurawik / Z on TV:
Spitzer, King: Why changes at CNN matter so much — I had been questioning myself in recent days as to whether or not I was making too much out of the Eliot Spitzer hiring at CNN. Last night, as I was writing about Larry King stepping down, I decided I was not.
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Anton Troianovski / Wall Street Journal:
China Agency Nears Times Square — China's state news agency could soon be the newest Times Square neighbor of media giants Thomson Reuters and Conde Nast. — Xinhua, one of the Chinese government's main news outlets and propaganda arms, is finalizing a deal to move to the top floor …
Rupal Parekh / AdAge:
Alex Bogusky Resigns From MDC Partners — Creative Legend to Focus on Projects Outside of Advertising and Marketing — NEW YORK (AdAge.com) — Advertising celebrity and MDC Partners' star employee Alex Bogusky has resigned from the holding company to pursue efforts outside the ad world.
Mike Fleming / Deadline.com:
Larry King Heading Into Bagel Biz; Will He Have To Answer To Nate N' Al? — When Larry King steps down from his CNN gig later this year, he'll need something to fill his downtime. Bagels will play a role. Just before he announced his exit, King closed a deal to become a financial partner …
Joshua Benton / Nieman Journalism Lab:
When a journalism gig is paid for by outsiders — In the sea of good pieces last week about the Dave Weigel imbroglio, his own explanation of events stood out. And there was one paragraph that particularly interested me: … I was familiar with the Collegiate Network from my own college days …
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Lloyd Grove / The Daily Beast:
A New Magazine for Terrorists — Blogs and Stories — The man who inspired the Fort Hood shooter, the Christmas Day attacker, and the Times Square bomber is launching an online magazine in English aimed at aspiring jihadists. Lloyd Grove on why it has American officials worried.
Kevin Stolt / The Official Google Blog:
Extra! Extra! Google News redesigned to be more customizable and shareable — There's an old saying that all news is local. But all news is personal too—we connect with it in different ways depending on our interests, where we live, what we do and a lot of other factors.
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Andrew Wilson / Media Week:
Apple launches iAds ad platform — Apple is to launch its iAds mobile advertising platform later today (1 July), as it seeks to attract advertisers to its range of products including the iPhone and iPad. — The system has already attracted some criticism, with rivals now urging regulators …
Dylan Stableford / The Wrap:
L.A. Times Sells King Kong a Mock Editorial Wrap-Around Section — The L.A. Times is at it again, allowing an advertiser to overtake an editorial section. — On Thursday, the paper published a fake four-page wrap-around advertising section designed to look like the paper's LATEXTRA section, which was buried inside.
MediaShift:
Spot.Us Lessons: Journalists Work in, and For, the Public — In a previous post I introduced the most significant findings from my recent case study of Spot.Us, a crowdfunding platform for journalism. In this post I discuss what my findings mean for journalism, and for the role and the work of a journalist.
Robin Wauters / TechCrunch:
Amazon Introduces 70% Royalty Option For Kindle Digital Text Platform — Right off the heels of announcing an expansion of its Kindle Digital Text Platform to authors and publishers around the world, Amazon announced back in January that it would introduce a new 70 percent royalty option …
Discussion:
mediabistro.com, Computerworld, Business Wire, Kindle Review, TeleRead and Poynter Online
Brad Stone / Bits:
Amazon Introduces a New Kindle DX With Lower Price — Amazon.com is not giving up on its large-screen Kindle DX. — The company introduced a new version of the black and white e-reader on Thursday morning, dropping the price to $379, from $489. — The device encloses the 9.7 inch display in a striking dark graphite frame.
Andrew Hampp / AdAge:
Warner's Latest Strategy Gives MTV New Clout in Online Video — MTV Gets Ad Sales Rights for Warner Music Videos All Over the Web — LOS ANGELES (AdAge.com) — MTV Networks may have given up on music videos as prime-time TV content years ago, but music video on the web is another story.
RELATED:
Taylor Buley / Velocity:
Quora: A Technology Writer's Best Friend, For Now — Quora opened to the public last week, and it couldn't be better news for news-starved technology writers. — The site, which allows users to subscribe to topics and see publicly-asked questions and answers tagged with related subjects …
Jeff Bercovici / DailyFinance:
Lewis Dvorkin on the Future of Forbes: More ‘Entrepreneurial,’ ‘Scalable’ — In founding True/Slant, his expert blogging community, Lewis Dvorkin set out to do nothing less than invent a new business model for journalism. Now, Dvorkin is attempting to install that model at Forbes Media …
Abbey Klaassen / AdAge:
Huffington Post Pitches Itself as Social-Media Company — In Q&A, President Greg Coleman Says Advertisers Can Benefit From Site's Facebook, Twitter Distribution — NEW YORK (AdAge.com) — Five years ago Huffington Post launched as a left-leaning blog, featuring commentary from Hollywood heavyweights …
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