Mediagazer: Silicon Valley VCs Take Turns Throwing Money At Tumblr (Nicholas Carlson/Silicon Alley Insider)

2:25 PM ET, October 19, 2010

Top News:

Tribune Board Said Ready to Oust Chief Executive — The board of directors of the Tribune Company is expected to ask for the resignation of Randy Michaels, the controversial chief executive of the company, on Tuesday, according to a person directly involved in the matter.

Discussion: Chicago Tribune, Romenesko, Los Angeles Times, TVWeek.com, Company Town, Mixed Media, New York Observer, blogs.vocalo.org, The Huffington Post, Jezebel, Gawker, New York Magazine, Chickaboomer and LA Observed

Jeff Bercovici / Mixed Media:

Tribune's Lee Abrams Defends Himself: “I Will Not Stop Pushing” — Apparently Lee Abrams' hasty exit from Tribune Co. did not involve signing a far-reaching non-disclosure agreement, because the former chief innovation officer just sent an extraordinary email defending himself against a number …

Discussion: The Wrap, Gawker and FishbowlNY

Tanzina Vega / New York Times:

Pooling Resources, Two Newsrooms Merge — The nonprofit investigative journalism world continues to expand with the announcement on Tuesday that the Center for Public Integrity will absorb the Huffington Post Investigative Fund, a nonprofit journalism arm of The Huffington Post.

Discussion: Romenesko, Knight Foundation News …, WebNewser, The Wire, Editors Weblog, KnightBlog and LA Observed

Gawker:
The Huffington Post May Be Chopping Off Its Investigative Fund

Discussion: New York Observer, MediaPost, New York Magazine and Media News

Keith J. Kelly / New York Post:

Welch warns beast — Tweet — Jack Welch, the former General Electric chairman nicknamed “Neutron Jack,” may have blown up merger talks between Barry Diller's The Daily Beast and Sidney Harman's Newsweek, The Post has learned. — Welch was brought in early to advise Diller …

Discussion: ClickZ, DailyFinance, New York Times, CNET News, The Wire and Wall Street Journal

Joe Pompeo / The Wire:
More Staff Shuffling At Newsweek As Merger Talks Collapse

Discussion: The Daily Beast and New York Observer

Jeremy Porter / Journalistics:

Top 25 U.S. Newspapers Ranked By Twitter Followers — While the Top 50 U.S. newspapers seem to be just starting to build up their fan base on Facebook, Twitter has been a priority for a while. If you were to rank the Top 25 U.S. newspapers by Twitter followers, the order would be much different …

Kevin Poulsen / Threat Level:

No, We Don't Hate WikiLeaks — We interrupt our regular coverage to address a rare dispatch from WikiLeaks founder Julian Assange that crossed the WikiLeaks Twitter feed this morning. — In it, Assange slams Wired.com, and this writer in particular, for what he labels a false report …

Discussion: Mediaite, TwitLonger, Danger Room, Guardian and CIR: All New Content

Joe Pompeo / The Wire:

Slate Taps Bethany McLean And Annie Lowrey For Business And Economics Coverage — There's been a gap in Slate's business and economics coverage since the departure last month of Dan Gross as Moneybox columnist. But the online news and culture magazine has lured some new talent to fill it.

Discussion: mediabistro.com, Romenesko, FishbowlNY and The Washington Independent

The New York Times Company:

The New York Times Company Reports 2010 Third-Quarter Results — The New York Times Company announced today 2010 third-quarter results, which are detailed below. — Total revenues decreased 2.7 percent in the third quarter of 2010 compared with the third quarter of 2009 as advertising …

Discussion: New York Times, paidContent, MediaMemo, The Wire, Romenesko, Dow Jones Newswires, The Awl, Crain's New York Business and Gawker

Brent Lang / The Wrap:

As Fox, Cablevision Play With Fire, the Whole Cable Industry Could Get Burned — Rupert Murdoch's News Corp. and James Dolan's Cablevision are playing with fire, and the whole cable industry could get burned. — The two companies continued to squabble late into the day on Monday about the price …

Discussion: AdAge and rbr.com

Leena Rao / TechCrunch:

Ooyala Launches Video Paywall Powered By PayPal — Video publishing platform Ooyala is launching a new product today, called Ooyala Paywall. The feature is exactly what it sounds like. Ooyala Paywall, which is powered by PayPal, allows publishers to implement a payment system to allow visitors view their videos.

Discussion: Business Wire, Beet.TV and VideoNuze

David Kaplan / paidContent:

Scribd Rolls Out Apture's In-Page Browsing Feature Across Half Its Library — Social publisher Scribd is partnering with Apture to create mini-webpages offering videos, photos and other web info within the site's public and in-store documents. Essentially, the feature, called Apture Highlights …

Discussion: blogs.ft.com, CNET News and TechCrunch, more at Techmeme »

Nicholas Carlson / Silicon Alley Insider:

Silicon Valley VCs Take Turns Throwing Money At Tumblr — Tumblr CEO John Maloney and founder David Karp are out in Silicon Valley taking meetings with big name VCs. — Tumblr is the super simple blog platform that old media publishers and hipster kids love.

Discussion: New York Observer

Andrea Pitzer / Nieman Storyboard:

Death outside a DC nightclub: TBD uses Storify to create a breaking news narrative — Can social media serve as source material for compelling news narratives? A number of innovative tools and programs have been developed that have interesting à la carte uses or make for beautiful visuals …

Discussion: The Evolving Newsroom

Peter Kafka / MediaMemo:

A Newspaper Paywall Goes Up - And So Do Visitor Numbers — The New York Times is getting ready to roll out a “metered model” paywall in January, and plenty of people fret that the paper will see its audience disappear when the (porous) gates go up. Here's a counter-argument: The Telegram & Gazette.

Discussion: The Wire and Romenesko