Mediagazer: AOL feels the Crunch (Keith J. Kelly/New York Post)

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.

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: Guardian, AOL Corp, MediaNama, Webmetricsguru, WebNewser and VentureBeat, more at Techmeme »

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.

more at Techmeme »

Keith J. Kelly / New York Post:

AOL feels the Crunch — Tweet — AOL CEO Tim Armstrong announced that he had bought the irreverent tech blog TechCrunch with a price tag reportedly between $25 million to $40 million — and possibly as high as $60 million with incentives added. The deal was rushed because rival tech blogger GigaOm …

Discussion: ClickZ

Scott Rosenberg / Scott Rosenberg's Wordyard:
Independent commercial Web publishing: still exhausting?

Discussion: The Atlantic Online and TechCrunch

Mathew Ingram / GigaOM:
We Nailed It! AOL Has Bought TechCrunch

Discussion: TechCrunch, Scobleizer and USA Today

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.

Discussion: Journalism.co.uk, West Seattle Blog, The Texas Tribune, Lost Remote, Romenesko and ProPublica

Carol Marie Cropper / NetNewsCheck Latest:

Gilbert: Only 1 In 10 ‘Old Media’ Will Survive — DALLAS — Fewer than one in 10 traditional media outlets are likely to survive, Clark Gilbert, president and CEO of a Salt Lake City digital media company, suggested to those gathered at the Local Mobile Advertising Conference here Tuesday.

Discussion: GigaOM Pro

Discussion: MediaMemo

Mimi Turner / Hollywood Reporter:

Jeff Bewkes: Beware of Apple, Amazon deals — TW chief says low-cost digital giveaways devalue TV fare — LONDON — Time Warner boss Jeff Bewkes told British media execs that television is entering a second golden age of creativity and reward but warned against the danger of low-cost digital giveaways.

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

Jack Shafer / Slate:

Take a gander at the pathetic ad campaigns magazines and newspapers are running to promote their industries. — The newspaper industry is likely to hit a 25-percent low in advertising sales this year. If so, it will end up billing about half of what it billed in its record year of 2005.

Discussion: State of the Fourth Estate

Dan Duray / New York Observer:

Steele Magnolia: The Curbed Founder Takes His Shelter Network National — Curbed network founder and president Lockhart Steele insists that the new national version of his flagship site won't be competing with shelter magazines. — All the same, one of the fledgling site's …

James Rainey / Los Angeles Times:

On the Media: Republicans on Fox gain valuable face time — Candidates hosting shows or being interviewed reach out directly to their base. — Silly, silly Tim Pawlenty. — The governor of Minnesota visits the flood disaster in the southern end of his state and calls a special session …

Discussion: Most Recent Home Page Posts …

Andrea Pitzer / Nieman Storyboard:

Michael Jones on heroes, villains and the science of narrative — We spoke last week with Michael D. Jones, who is applying statistics to narrative here at Harvard during his fellowship at the Edmond J. Safra Center for Ethics. Jones, who received his Ph.D. earlier this year from the University …

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, more at Techmeme »

Patrick Smith / psmith, journalist:

Say hello to TheMediaBriefing.com: a new algorithm publishing model for the media industry — I've been rather quiet in recent weeks and with good cause: I've been helping to build a new digital media business, Briefing Media Ltd, and its first site www.themediabriefing.com, which goes live today (Tuesday).

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: MediaNama and ReadWriteWeb, more at Techmeme »

Lauren Kirchner / CJR:

Money, Volunteers, Money, Patch, and Money — Last week, some of the busiest people in journalism pried themselves away from their laptops, stood up from their kitchen table offices, and met face to face. It was the Block by Block Community News Summit, where the publishers …

Discussion: RJI, J-Lab and Jen Lee Reeves

Steve Rosenbaum / The Wire:

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.

John Koblin / New York Observer:

It's Autumn. Do You Know Where Your Magazine Editors Are? — Over the summer, two weeklies announced job searches for two editors. It's autumn now, and The New York Times Magazine and Newsweek are still on the hunt. So where do things stand with the two biggest media stories of the moment?

Joseph Tartakoff / paidContent:

Tech Blog Ad Network NetShelter Raises $15 Million — Longtime blog ad network NetShelter has raised $15 million in its latest round of funding. The company counts more than 200 independent technology news sites, including Neowin.it, MacRumors, and Slashgear, among the sites it sells ads for.

Discussion: WebNewser

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: eMedia Vitals and Editors Weblog

Keach Hagey / On Media's Blog:

Walcott leaves McClatchy for SmartBrief — John Walcott, formerly the Washington bureau chief of McClatchy, has left to join the DC-based online business information company SmartBrief. — Before McClatchy, Walcott led the Washington bureau of Knight Ridder.

Discussion: Romenesko