Mediagazer: Forbes Sells Investopedia To ValueClick In $42 Million Deal (Robin Wauters/TechCrunch)

12:05 PM ET, August 4, 2010

Top News:

Michael Hastings, Reporter Whose Rolling Stone Article Felled McChrystal, Denied Afghan Embed — WASHINGTON — The author of the Rolling Stone article that ended the military career of Gen. Stanley McChrystal, the former top commander in Afghanistan, has been denied permission …

Discussion: Gawker

Nancy A. Youssef / McClatchy Washington Bureau: Army probing McChrystal staff over Rolling Stone interview

John Koblin / New York Observer:

The Savior of Condé Nast: Scott Dadich Is The New It Boy of the Mag World — Someday, when they tell the story of how digital magazines saved Conde Nast, it will begin in San Francisco's Caffé Centro sometime in May 2009. — It was there that Wired creative director Scott …

Discussion: Romenesko, New York Magazine, TeleRead and FishbowlNY

Wall Street Journal:

On the Web's Cutting Edge, Anonymity in Name Only — You may not know a company called [x+1] Inc., but it may well know a lot about you. — From a single click on a web site, [x+1] correctly identified Carrie Isaac as a young Colorado Springs parent who lives on about $50,000 a year, shops at Wal-Mart and rents kids' videos.

Discussion: Deal Journal and Stephen Baker

Financial Times:

Motorola and Verizon team up for TV tablet — Motorola is developing a digital tablet device that will allow users to watch television on it, as the US mobile phone group attempts to chip away at a market established by Apple's popular iPad. — The device, which will have a 10-inch screen …

Discussion: Jacket Copy, Techland, Fortune, Engadget, Multichannel News, Gizmodo, CrunchGear, Fast Company, Silicon Alley Insider and Digital Daily, more at Techmeme »

Jemima Kiss / Guardian:

Murdoch: Tablets are the future for News Corp — Rupert Murdoch was cosying up to Apple again today as he spoke at a media debate in Sydney earlier today, saying tablets are “a perfect platform” for cheap, convenient and up-to-date News Corp content. — News Corp has “tens of thousands of readers” …

Discussion: TeleRead, Silicon Alley Insider, Garcia Media, Poynter Online and Shaping the Future …

Lara Sinclair / TheAustralian:
New online business model will succeed, says Rupert Murdoch

Discussion: MediaPost, Gawker, Multichannel, Company Town and Jon Slattery

Andy Carvin / NPR:

Results From Our Survey Of NPR Facebook Fans — NPR's presence on Facebook is growing. Earlier this month, our Facebook page surpassed one million fans. — We recently turned to those fans to get to know them better, to learn what types of stories they like, and to find out what they think of each other …

Discussion: Romenesko and New York Observer

Rebecca Dana / The Daily Beast:

Newsweek's Hidden Problem — Not only is Newsweek's new owner new to the media world, the money-losing magazine is holding on to the CEO who devised its business strategy. Plus, view the confidential memo obtained by The Daily Beast. — As 91-year-old radio magnate Sidney Harman begins …

Discussion: Los Angeles Times, On Media's Blog, eMedia Vitals and Romenesko

Zeke Turner / New York Observer:
Sidney Harman Talks to the ‘Newsweek’ Staff

Discussion: The Wire, The Politico and New York Times

Ken Doctor / Newsonomics:
Nine Questions on Newsweek's Future: Beltway Blues, Semi-Wonkiness …

Discussion: The Biz Blog, CJR, Swampland and paidContent

Keith J. Kelly / New York Post:

Down-town & country — CondÉ Nast didn't win over any employees as friends when it formally announced yesterday that it is in “active discussions” with the Durst Organization and the Port Authority of New York to move into 1 World Trade Center by 2014, vacating its current headquarters at 4 Times Square.

Discussion: Gawker, MinOnline, WWD and Gothamist

Charles V. Bagli / New York Times:
Condé Nast to Move to Skyscraper at Ground Zero

Discussion: New York Observer, Gothamist, MediaPost, Scocca, Styleite, Romenesko, Runnin' Scared, FishbowlNY, New York Magazine, Gawker, The Wire and Curbed NY

Robin Wauters / TechCrunch:

Forbes Sells Investopedia To ValueClick In $42 Million Deal — Online marketing services company ValueClick is buying financial information and investing education website Investopedia from Forbes for approximately $42 million in cash. — The reasons for the purchase: content, traffic …

Discussion: Business Wire and paidContent, more at Techmeme »

Mike Shields / Mediaweek:

Report: Mobile Video Advertising Set to Take Off — Back in 2005, the measurement firm M: Metrics (now owned by comScore) estimated that just 1 percent of mobile phone users had watched any form of mobile video—around 2 million people. Needless to say, the ad market for mobile video was virtually nonexistent.

Discussion: MediaPost

Charlie Savage / New York Times:

After Afghan War Leaks, Revisions in a Shield Bill — WASHINGTON — Democratic senators who have been working on legislation providing greater protections to reporters who refuse to identify confidential sources are backpedaling from WikiLeaks, the Web site that recently disclosed …

Michael Mandel / The Wire:

The Evolution Of The Journalism Job Market: We May Be Headed Into A Golden Age — This post was republished with permission from Mandel on Innovation and Growth. — As I travel around the country talking about the economy and journalism, I usually make two points.

Discussion: Press Gazette and Kirk LaPointe's …

Wall Street Journal:

Barnes & Noble on Block — Bookseller Explores Options, Pressured by Low Stock Price and Digital Onslaught — Barnes & Noble Inc., put itself up for sale Tuesday, succumbing to pressure from shareholder activists as digital books erode the traditional business of the nation's largest bookstore chain.

Discussion: Gawker, DealBook, Business Wire, Kindle Review, GalleyCat, Between the Lines Blog, New York Magazine and Voices on All Things Digital, more at Techmeme »

Robert Niles / Online Journalism Review:

On the Internet, no one has to be a gatekeeper, but everyone can be — By Robert Niles: We've well established by now that the Internet has crippled the news industry's role as gatekeeper of information in society. News sources now can communicate directly with the public, with unprecedented immediacy and scale.

Discussion: The Daily Beast

Matthew Belloni / Hollywood Reporter:

GAWKER PAYS TO SETTLE ‘MCSTEAMY’ COPYRIGHT SUIT — A legal battle on the cutting edge of celebrity media and copyright law has ended with gossip blog conglom Gawker Media agreeing to pay actors Eric Dane and Rebecca Gayheart and take down a homemade threesome video featuring the couple.

Los Angeles Times:

On the Media: Struggling KCET examines its options — The public TV station might form a consortium with other area PBS affiliates, sell its studios or even leave the network to improve its financial fortunes, programming slate and public profile. — ByJames Rainey

Discussion: TVWeek.com

Matt Zoller Seitz / Salon:

Why I like vicious, anonymous online comments — As news outlets push back against trolls, we may be losing something: A glimpse of the real America — Three months ago, in a galaxy far, far away, a couple who'd had trouble conceiving a child finally succeeded, and announced the impending arrival …

Rupal Parekh / AdAge:

Unilever Breaks Multibrand ‘Mad Men’ Blitz — Custom Ad Content Created With Mindshare Entertainment Has So Far Sparked Some Backlash — NEW YORK (AdAge.com) — Despite the show's comparatively low ratings and modest ad revenue, package-goods behemoth Unilever is making a big bet on AMC's …

Discussion: AdPulp and MultiCultClassics

Michael Calderone / Yahoo! News:

Beck's Holocaust comments prompt Fox News meeting — Fox News host Glenn Beck is known for generating controversy on television and the radio. But some Jewish leaders recently felt Beck went too far, and they made their grievances known to Fox News chief executive Roger Ailes.

Discussion: The Huffington Post, TVNewser, Media Matters for America, Inside Cable News and Runnin' Scared

Joseph Tartakoff / paidContent:

MSNBC.com's EveryBlock Targets A Widget At Local News Blogs — A year after EveryBlock was sold to MSNBC.com, the hyperolocal aggregator is beginning to focus on increasing the distribution of its feeds, which include the latest 911 dispatches, restaurant inspections, and local news pieces—all filtered by location.

Discussion: WebNewser