Mediagazer: Nelson tapped as editorial director of Time Inc. (Keith J. Kelly/New York Post)

Andy Serwer / Fortune:

Diller on leaving the top spot at IAC: “The company wasn't being managed correctly” — FORTUNE — Barry Diller it seems has been pondering the future lately. Today he took action. — Every summer Diller takes some time off to do a deep think. “I call it my summer project,” he says in an interview with Fortune.

Discussion: WebNewser, more at Techmeme »

Jeff Bercovici / Mixed Media:

Three Questions to Ask About Barry Diller's Move — So Barry Diller is out as CEO of IAC. This even though the company's share price is up more than 47 percent over the last 12 months. You don't have to be Grigory Perelman to realize there are some missing variables in this equation.

Discussion: IAC - Media Room, BtoB Magazine, Gawker, New York Observer and TechCrunch

Chris Rovzar / New York Magazine:

Rupert Murdoch's Tablet Tabloid: How He Can Pull It Off — With all the frantic hiring of young talent and established editors for The Daily, News Corp.'s new tablet-only newspaper, it's clear that Rupert Murdoch is trying to create the “tabloid for smart people” that he's never quite been able to pull off in print.

Foster Kamer / Runnin' Scared:
The Daily Kill Dossier, Part 2: Another Hit List of News Corp's Freshest Poaches

Discussion: Terry Heaton's PoMo Blog

Anthony Ha / VentureBeat: Conde Nast digital chief: Murdoch's iPad newspaper “doesn't make any sense”

Ben Widdicombe / Financial Times:

The business of blogging — If anyone, anywhere had an opinion about Perez Hilton in 2004, it was that he would not be around for long. The young Cuban-American (real name Mario Armando Lavandeira), then 26, was doing yeoman work at his day job for Star magazine, a weekly gossip tabloid …

Sam Schechner / Wall Street Journal:

Viacom Set to Appeal in YouTube Case — Viacom Inc. says a new wave of digital piracy could threaten the U.S. media business unless federal courts overturn its defeat in a copyright-infringement lawsuit against Google Inc.'s YouTube video-sharing site. — The New York-based owner of MTV …

Discussion: VideoNuze, Andy Beal's Marketing Pilgrim and Search Engine Land

Bill Carter / New York Times:

Ben Sherwood Named President of ABC News — ABC appointed Ben Sherwood, the former executive producer of its “Good Morning America” program, as president of its news division on Friday. — He will succeed David Westin, the long-time president of ABC News who announced his resignation …

Discussion: mediabistro.com and Mediaite

Brian Stelter / New York Times:

Oprah Winfrey Channel Gears Up for Its Debut — IN a one-minute ad that starts Friday in movie theaters across the country, the voice of the Black Eyed Peas frontman will.i.am calls out to dreamers, believers and “tomorrow leaders.” — Add to Portfolio — Then, looking positively radiant …

Discussion: New York Observer and Gawker

Nick Summers / New York Observer:

Rebecca Dana on Track to Edit New Newsweek's Front-of-the-Book — Rebecca Dana, a senior correspondent at The Daily Beast, has been tapped to rework the front of the book at the new Newsweek once the two publications' merger has been completed, sources tell The Observer …

Nellie Andreeva / Deadline.com:

Gossip Columnists George Rush & Joanna Molloy Suing MTV Over ‘Downtown Girls’ — George Rush and Joanna Molloy, who wrote their eponymous gossip column for the New York Daily News for 15 years, have filed a $30,000+ breach-of-contract lawsuit against MTV, VH1, their parent Viacom …

Jay Yarow / SAI: Silicon Alley Insider:

Steve Case Talks Media, AOL, LivingSocial, And Everything Else — Is Google crazy to pay $6 billion for Groupon? Is Amazon nuts to dump $175 million into LivingSocial? — No way, says Steve Case, a not disinterested party in the debate. He's an investor in LivingSocial …

Reuters:

Time Warner's Bewkes skeptical of Netflix plan — (Reuters) - Time Warner Inc Chief Executive Jeffrey Bewkes questioned whether Netflix Inc's current business model of paying top dollar for rights to stream movies and TV shows over the Internet is sustainable in the long-term.

Discussion: Company Town

Discussion: DSLreports and GigaOM

Keith J. Kelly / New York Post:

Hearst hungry for French deal — Tweet — Lagardere Active, the Paris-based media conglomerate that owns the US editions of Elle and Woman's Day, confirmed yesterday it wants to unload its non-French magazine holdings. — Hearst Corp., sources said, is the front-runner to do a deal.

Discussion: ClickZ and Media Buyer Planner

Discussion: MediaPost, paidContent:UK, Press Gazette, Canadian Magazines, Gawker and FishbowlNY

Newsosaur / Reflections of a Newsosaur:

Robust ad recovery bypassed newspapers — Newspaper advertising revenues continued sinking in the third quarter of this year despite a robust recovery that has fueled healthy gains in all - not some, but all - of the other competing media. — While television, radio …

Discussion: Newspaper Association …, NetNewsCheck Latest, Andy Beal's Marketing Pilgrim and paidContent

Keith J. Kelly / New York Post:

Nelson tapped as editorial director of Time Inc. — Tweet — Martha Nelson, a group editor in charge of two of three divisions at Time Inc., is being named the new editorial director of all Time Inc. magazines. — The move makes her the second-highest editorial executive …

Discussion: Bloomberg

Anthony Ha / VentureBeat:

Arianna Huffington criticizes the media world's swinging dicks — Arianna Huffington, who created the massively popular news site Huffington Post, closed out Business Insider's Ignition conference today by taking a swipe at the earlier comments. — “You guys are all about who has the biggest swinging dick,” Huffington said.

Discussion: Yahoo! News and Poynter

Sarah Hartley / Guardian:

Hyperlocal and working with legacy brands: former TBD boss Jim Brady — When Jim Brady suddenly quit as general manager at the Washington local news empire just three months after launch, it surprised many in the media who were watching TBD.com's progress with interest.

Discussion: Sarah Hartley

Claire Atkinson / New York Post:

Primetime Netflix — Tweet — Netflix is making an aggressive play for in-season episodes of hit TV shows to expand its Web streaming service. — The company is in talks with studios about gaining access to current episodes of primetime shows and is willing to pay between $70,000 …

Discussion: ReadWriteWeb, CNN, CNET News, New York Magazine, paidContent, SlashGear, VentureBeat, Fast Company, Online Video News, The Consumerist, TVbytheNumbers, Gizmodo and The Atlantic Online

Robert Scoble / Scobleizer:

First look: Research.ly shows power of Twitter's publicness for brand and journalism research — Why should we let it all hang out? — It's something we've been arguing about lately as Facebook becomes more and more powerful. After all, if I say I like music by Neil Young on my Facebook status message …

Discussion: The Next Web, Brian Solis and ReadWriteWeb

John C Abell / Epicenter:

Don't Ask, Don't Tell, Don't Do: ‘Objectivity’ in the Age of the Internet — Meggs, Philip B. A History of Graphic Design. John Wiley & Sons, Inc. 1998. (p 64). Used via Wikipedia. — Alan Mutter, a media critic who is both wise and smart, has pointed to the elephant in the room: journalists aren't objective.

Discussion: Reflections of a Newsosaur

Katy Bachman / Adweek:

Web Companies: No Need to Panic About ‘Do Not Track’ — The digital community doesn't need to worry about a “Do Not Track” list sitting on a bureaucratic server—as long as Web publishers, social and ad networks and others get serious about putting in place consumer opt-in or opt-out mechanisms.

Thanks:rawmeet

Erick Schonfeld / TechCrunch:

Boxee CEO To Big Media: “Resistance Is Futile” — With all the new Internet TV boxes and services sprouting this holiday season—from Google TV and Apple TV to the Boxee Box, Shufflr, and beyond—there is a lot talk about people cutting their cable cords and just getting all of their TV from the Internet.