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7:50 PM ET, September 28, 2010

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 Top News: 
TechCrunch:
Tim Armstrong: We Got TechCrunch!  —  I'm very pleased to announce that we have acquired TechCrunch.  Details are in the press release below, and I'm sure founder Michael Arrington will have a few words to say as well.  This is a great complement to our continued investment in world class content.
RELATED:
Michael Arrington / TechCrunch:
Why We Sold TechCrunch To AOL, And Where We Go From Here  —  By now you must have heard the news that AOL has acquired us.  Here are videos of the on stage signing of the agreement and an interview with AOL CEO Tim Armstrong immediately afterwards.  —  So how did all this happen?
Discussion: At Your Servers and The Wrap
Edmund Lee / AdAge:
Why AOL Bought TechCrunch  —  Tim Armstrong Explains Why AOL Decided to Buy This Time Rather Than Build  —  NEW YORK (AdAge.com) — AOL CEO Tim Armstrong told Ad Age today that he wants a “build-first” culture at his company, in which the growth is sparked internally, like the world's oldest startup.
Mathew Ingram / GigaOM:
We Nailed It! AOL Has Bought TechCrunch
journalists.org:
Finalists for the 2010 Online Journalism Awards announced  —  Finalists for the 2010 Online Journalism Awards, many pushing the envelope of innovation and excellence in digital storytelling and distribution, were announced today by the Online News Association and its partner, the School of Communication at the University of Miami.
Peter Kafka / MediaMemo:
Exclusive: Here's a Deal That Is Happening-AOL Buying Web Video Distributor 5Min  —  Here's a deal we can confirm: AOL is buying Web video start-up 5Min Media.  —  The price for the deal is between $50 million and $65 million, sources close to the situation said.  AOL (AOL) plans to announce the deal Tuesday morning.
RELATED:
Jay Rosen / Pressthink:
Why I am Not a Journalist: A True Story  —  The short answer is: I wanted to be, but I screwed it up, so I couldn't be.  —  Discovering journalism in college saved me.  At the time (1976) I was on a track that would have led to an assistant manager's job at an Applebees.
Discussion: Romenesko, CJR and Media Nation
Peter Kafka / MediaMemo:
Condé Nast's iPad Apps Are Too Portly.  Blame Adobe.  —  The Wired iPad app has a weight problem.  —  The first one came in at about half a gigabyte of memory, and it hasn't shrunk that much since.  —  And Condé Nast's newest iPad app, from the New Yorker, isn't much better …
Discussion: eMedia Vitals, Folio, Apple and kottke.org
RELATED:
Lucia Moses / Mediaweek:   Condé Nast Creates Award, Perk for Business-Savvy Editors
Michael Calderone / Yahoo! News:
Huffington Post fires back at ex-blogger Fowler  —  The Huffington Post is firing back at Mayhill Fowler, one of the site's many unpaid bloggers, who scored a major political scoop during the 2008 presidential campaign.  —  Huffington Post spokesman Mario Ruiz took issue with Fowler's decision Monday …
Kara Swisher / BoomTown:
Exclusive: Yahoo Exec Churn Continues, With Media Head Pitaro Ready to Bolt  —  Last week at a Goldman Sachs investment conference, voluble Yahoo CEO Carol Bartz tried to minimize the impact of the recent spate of significant executive departures at the Internet giant.
Jeffrey A. Trachtenberg / Wall Street Journal:
Authors Feel Pinch in Age of E-Books  —  Author John Pipkin worries about the e-book business model: 'I've had to rethink my plans in terms of supporting my family full time as a writer.'  —  When literary agent Sarah Yake shopped around Kirsten Kaschock's debut novel “Sleight” this year …
Discussion: Slate, CJR and The Awl
Staci D. Kramer / paidContent:
Knight Promises To Cover Journalism Online Costs For Some News Orgs  —  The John S. and James L. Knight Foundation has funded any number of experiments to create sustainable journalism, investing millions of dollars in startups, academics and more.  The latest effort offers …
Discussion: WebNewser
Lauren Indvik / Mashable!:
Twitter Shelves @EarlyBird Deals  —  At today's IAB Mixx conference in Manhattan, Twitter COO Dick Costolo announced that Twitter would be retiring its Early Bird advertising product, at least for now.  —  Early Bird allowed select advertisers to promote exclusive offers for Twitter users through …
Discussion: ReadWriteWeb
Steve Rosenbaum / Silicon Alley Insider:
VCs Are Blowing It And Will Totally Miss The Web Video Revolution  —  Venture Capitalists did the right thing five years ago—they got excited about video.  Back then, video meant hardware.  Pipe.  Technology.  It was a big problem, and for lots of folks, it seemed like there could be a big winner.
Bill Mitchell / Newspay:
Post-Gazette's Premium PG+ Service Profitable But No ‘Holy Grail’  —  A year into its subscription-based PG+ service, the Pittsburgh Post-Gazette has learned a few things about charging for content online:  — Profitability is possible, if only modestly so, with incremental online services that control costs.
Discussion: Editors Weblog and eMedia Vitals
Georg Szalai / Hollywood Reporter:
How Ken Jautz plans to boost CNN ratings  —  Calls Piers Morgan, Eliot Spitzer ‘excellent communicators’ … The Hollywood Reporter: What has been the biggest problem for CNN, and how do you fix it?  —  Ken Jautz: The biggest issue is to improve our primetime ratings.
Nadine Cheung / TVNewser:
This Just In: MTV Seeks Vice President of Daily News  —  Calling all newshounds!  MTV is on the hunt for a new vice president of daily news to not only create on-air and online video content, but to also supervise the managing editors of News & Movies and the directors of video, field and digital production.
Discussion: WebNewser
David Kaplan / paidContent:
AOL's Project Devil Aims To Update The Banner Once And For All  —  Just in time for the first day of New York City's Advertising Week, AOL (NYSE: AOL) sought to get a jump on attention getting news with its latest effort to build a better advertising business.
Georg Szalai / Hollywood Reporter:
Analyst: NBC Network Is Worth ‘Negative $600 Million’  —  USA's estimated value: $11.7 billion.  —  NEW YORK — USA Network is the most valuable part of NBC Universal at $11.7 billion, but the NBC network is worth a negative $600 million, according to Wunderlich Securities analyst Matthew Harrigan.
Ryan Tate / Gawker:
Star Tech Writers Spurn AOL for Rupert Murdoch  —  It was looking like News Corp. might lose Wall Street Journal stars Walt Mossberg and Kara Swisher, who host a lucrative conference for the company.  But the pair are staying and swimming in money.  Credit a well-timed overture from AOL.
Maureen O'Connor / Gawker:
Which Tabloids Lie the Most?  —  In the constantly-contradicting world of tabloid journalism, is anyone reliable?  We analyzed 20 months of reported break-ups, marriages, and pregnancies to tabulate our first-ever Tabloid Reality Index, batting averages for America's five major celebrity glossies and the rumors they monger.
Discussion: Mediaite and The Consumerist
Georg Szalai / Hollywood Reporter:
CBS, NBC upset PBS at News & Doc Emmys  —  Nominated Letterman extortionist loses to ‘60 Minutes’  —  NEW YORK — In an upset at Monday night's 31st annual News & Documentary Emmy Awards, CBS News with seven honors and NBC News with six wins plus a CNBC award edged out usual frontrunner PBS, which earned five awards.
Discussion: TVNewser and TVWeek.com
Joe Pompeo / The Wire:
TheWeek.com Staffs Up With Radar Refugees  —  For years, The Week didn't concern itself much with the web.  It's a publication, after all, that already performs the same basic function as most blogs and aggregators — curating and contextualizing the news cycle; only it does so in print, and on a weekly basis rather than a daily one.
 
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 Sponsor Posts: 
Search Marketing Expo News:
100 Internet Marketing Experts Speaking at SMX in NYC  —  More than 100 of the world's most knowledgeable internet marketers will present at Search Marketing Expo - SMX East, September 30 - October 2 in New York City.
Say Media / Say Daily:
Brand Publishing Just Keeps Getting Better  —  Native ads and custom content are here to stay but some advertisers are also going all in and creating their own slick digital magazines.
AdExchanger:
Programmatic Consultancies Help Publishers Play Catch-Up  —  Just because there's a push to adapt programmatic strategies doesn't mean everyone is equipped to handle them.  Publishers, in particular, have lagged behind advertisers in embracing programmatic.
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 More News: 
Sue Zeidler / Reuters:
Disney's ABC looks inside and outside for ABC News chief
Jack Shafer / Slate:
The Op-Ed Page's Back Pages
Peter Kafka / MediaMemo:
Indie Radio God Nic Harcourt Gets a New Gig: Picking Videos for “The Live Buzz”
Discussion: Fast Company
Steve Pond / The Wrap:
IMDb CEO on Growing Pains — and Turning 20
Andy Plesser / Beet.TV:
Dailymotion Hits 70 Million Monthly Uniques with 57 Percent Jump …
Leena Rao / TechCrunch:
OneTrueFan Is The Foursquare For Websites
Discussion: louisgray.com and VentureBeat
 Earlier Picks: 
Kunur Patel / AdAge:
TVGuide Using Facebook Technology for Check-in Feature
Discussion: WebNewser
MG Siegler / TechCrunch:
There Are Stories Out There On Twitter, Flickr, YouTube — Build Them With Storify
Discussion: VentureBeat and PSFK
Dean Starkman / CJR:
Of Hamsters and Values  —  “The Hamster Wheel,” my argument …
Jonathan O'Connell / Washington Post:
Bloomberg hiring more than 100 people in D.C. area for Web-based …
Discussion: Romenesko
Steve Green / Las Vegas News from the Las Vegas Sun:
Executive says suing over R-J copyrights worth the negative publicity
Discussion: Romenesko
Megan Garber / Nieman Journalism Lab:
Block by Block: Once you've launched, what's Phase 2 of a community news startup?
/ Jonathan Stray:
Designing journalism to be used
Discussion: Text Technologies
 

 
From Techmeme:

Bloomberg:
Snapchat Said in Funding Talks With Alibaba at $10 Billion

Walt Mossberg / Re/code:
Exclusive Interview: Best Buy CEO Says Tablet Sales Are “Crashing,” Hope for PCs

Mark Gurman / 9to5Mac:
Heads rolling at Beats as Apple eliminating redundant positions, keeping developers and creatives in LA

 
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