Mediagazer: For Media Co's, Facebook Should Be About Community, Not Ads (Mathew Ingram/GigaOM)

6:25 AM ET, January 21, 2011

Top News:

Eric Schmidt / The Official Google Blog:

An update from the Chairman — When I joined Google in 2001 I never imagined—even in my wildest dreams—that we would get as far, as fast as we have today. Search has quite literally changed people's lives—increasing the collective sum of the world's knowledge and revolutionizing advertising in the process.

Discussion: Google Investor Relations, Wall Street Journal, VentureBeat, BBC, paidContent, Mashable!, New York Times, GigaOM, TechCrunch, L.A. Times Tech Blog, Newsbook, Felix Salmon, SAI, Washington Post, Poynter, Engadget, The Wrap, AdExchanger.com, digiday:DAILY, Between the Lines Blog, USA Today, The Next Web, 901am, New York Magazine, CNET News, Techland, Epicenter, The Daily Beast, Financial Times, Screenwerk, AOL News, PhoneArena, Fortune, AdAge, Globe and Mail, The Atlantic Online, Relevant Results, Electronista, Search Engine Land, The Register, Faster Forward, Guardian, PSFK, Andy Beal's Marketing Pilgrim, MediaMemo, Tech Daily Dose, VatorNews, Yahoo! News, Fast Company, TechEye, Future of Journalism, @romenesko, MacRumors, Gizmodo, Neowin.net, New York Observer, MediaMemo, This Just In, ReadWriteWeb, Google Operating System, Runnin' Scared, Tech Trader Daily and Daring Fireball, more at Techmeme »

Eric Schmidt / @ericschmidt:

Day-to-day adult supervision no longer needed! http://goo.gl/zC89p

MG Siegler / TechCrunch:
Big Bang At Google: Larry Page To Replace Eric Schmidt As CEO On April 4

Discussion: paidContent, MediaPost, NetworkEffect, Associated Press, SAI, MediaNama, Online Video News and parislemon, more at Techmeme »

Brian Stelter / New York Times:

A Racy Show With Teenagers Steps Back From a Boundary — MTV executives have a new hit drama on their hands, featuring the sexual and drug-fueled exploits of misfit teenagers. They also have something else — a fear that coming episodes of the show may break the law.

Lindsay Powers / Hollywood Reporter:

EXCLUSIVE: Taco Bell Pulls Ads From MTV's ‘Skins’ Over Racy Content … Taco Bell has pulled its ads off Skins after the Parents Television Council urged a boycott. — Spokesperson Rob Poetsch tells The Hollywood Reporter, “We advertise on a variety of MTV programs that reach our core demographic …

Discussion: NY Daily News, @matt_creamer, @natives, TMZ.com and New York Observer

Brett Pulley / Bloomberg:

NY Times to Charge Less Than $20/Month for Web Access — New York Times Co. will charge readers less than $20 a month for full access to its namesake newspaper on the Web when the company introduces its paid service, a person familiar with the matter said. — The price has been set at less …

Discussion: Guardian, Screenwerk, paidContent, @pkafka, @romenesko, SAI, Yahoo! News, WebNewser, New York Observer and NYConvergence.com

Martin Langeveld / Nieman Journalism Lab:

The shakeup at MediaNews: Why it could be the leadup to a massive newspaper consolidation — [Our regular contributor Martin Langeveld spent 13 years as a publisher in MediaNews Group. That gives him an inside perspective on the company's bankruptcy filing and its leadership shakeup, which he shares with us here.

DealBook:

Warner Music Plan: Buy or Be Bought — Updated — Warner Music Group, one of the four major record companies, has hired the investment bank Goldman Sachs to seek out potential buyers for the company, a process that will play out while Warner continues to explore buying the beleaguered British music giant EMI.

Discussion: Media Decoder, @katierosman, CNET News, Electronista and MediaMemo

Nellie Andreeva / Deadline.com:

ABC Moves ‘Jimmy Kimmel Live’ To Midnight, Shortens ‘Nightline’ — ABC has confirmed long-running speculation that as part of Jimmy Kimmel's new two-year deal with ABC, the comedian had asked for his latenight talk show on the network to be moved up from 12:05 AM to midnight.

Discussion: Cinema Blend Feeds, Chickaboomer and TVbytheNumbers

Brooks / SPORTSbyBROOKS:

Sporting News Paid AOL Millions To Drop Fanhouse — Last Thursday I reported on the essential elimination of AOL Fanhouse, with the Fanhouse brand being folded into a Sporting News portal that AOL CEO Tim Armstrong elected to install as its website's new sports content provider.

Discussion: Poynter

Washington Post:

Warren Buffett to step down from Washington Post Co. board — Warren E. Buffett, the chairman of Berkshire Hathaway, said today he would step down from the board of The Washington Post Co. this May. He has served on the board since May 1996 and previously had a tenure on the board from 1974 to 1986.

Discussion: The Evolving Newsroom, Deal Journal, Poynter, Media Decoder, MediaFile, Gawker and The Daily Caller

Dylan Stableford / The Wrap:

Arianna Huffington to Launch Site for Blacks — Arianna Huffington is set to launch a new website that will focus on the black community. — The site — dubbed “HuffPost Global Black” — will purportedly offer “news, politics, culture, opinion, and video through the lens of the black experience.”

Discussion: Yahoo! News, @umanoid, @spinsterellla, FishbowlNY, @jessicawakeman and WebNewser

Andrew Piccone / The Awl:

Sheila McClear, ‘New York Post’ Features Writer — Tell me about your job. — I write features which are anything that's not hard news—longer form articles that aren't attached to the news cycle. Things that might be more in the cultural ether, maybe profiles of people, or stuff like that.

Cecilia Kang / Washington Post:

TV broadcasters resist FCC proposal to surrender more airwaves — Many broadcasters are already worried about declining viewers, and now they say the government wants to take away something more: the airwaves themselves. — That's because mobile Internet providers need more room to expand their fast-growing wireless networks.

Discussion: MediaPost, Technology Liberation Front and The Hill

Mathew Ingram / GigaOM:

For Media Co's, Facebook Should Be About Community, Not Ads — It's not just iPad apps and paywalls that are confounding traditional media — there's plenty of evidence that many don't really get Facebook or Twitter much either, despite the fact that both have been around for years now …

Discussion: Nieman Journalism Lab and The Wrap

Diane Brady / Business Week:

Time Warner and the War Against Free — CEO Jeff Bewkes is standing up for paid content in a world of cheap online video. Can he hold the line against iTunes, Netflix, Amazon, and Hulu? — Daniel Acker/Bloomberg — In a hangarlike Las Vegas exhibition hall on Jan. 6 …

Daniel Frankel / The Wrap:

Angela Bromstad Out at NBC — Angela Bromstad announced Thursday that she's leaving her post as NBC Entertainment president, marking the latest high-profile executive change for the broadcast network, which is currently being assimilated into the Comcast fold.

Discussion: Media Decoder

Courtney Boyd Myers / The Next Web:

Techmeme and Mediagazer will now include Tweets as headlines — Techmeme founder Gabe Rivera and Mediagazer founder Megan McCarthy announced today, on Twitter, that they both news aggregation sites will be including Tweets as headlines going forward. — In July of last year …

Discussion: ReadWriteWeb, @manusalah, Epicenter, VentureBeat and @mikepilarz

Megan McCarthy / @megan:
Tweets are now being shown directly on Mediagazer - @reply with something fun to join the Discussion!

Discussion: Techmeme News, TechCrunch, GigaOM, @bobcaswell, @taylorbuley, @gilzino, WebNewser, @eghosao, @mathewi, @cksample, @kevinmarks, SAI, @mattbinder, @edmundlee and Mediagazer News, more at Techmeme »

Robert Andrews / paidContent:

Interview: Lovefilm Investor Says Amazon Exit Is A Win-Win — Lovefilm eschewed a possible IPO option because Amazon (NSDQ: AMZN) gives it a global-scale parent with resources enough to land the rights necessary to profit from the coming online movie explosion, says one of the VCs who has exited in the deal (see earlier story).

Discussion: VatorNews, The Business Insider and paidContent:UK