Mediagazer: News Corp. Revenue, Earnings Miss; MySpace Still Burning Money (Peter Kafka/MediaMemo)

9:20 AM ET, May 5, 2011

Top News:

Hearst Strikes Deal with Apple on iPad Subscriptions — In a big win for Apple Inc., magazine publisher Hearst Corp. has agreed to sell subscriptions to the iPad editions of a range of its publications through iTunes, beginning with three of its popular magazines, the publisher said.

Nat Ives / AdAge:

Hearst Makes Deal to Sell Subscriptions on iPad, But Will Conde Nast Deliver First? — Rumors Percolate That iPad Subs Are Imminent at Conde Nast — Hearst Corp.'s new deal with Apple will make subscriptions available for iPad editions of Esquire, Popular Mechanics and O …

Discussion: Guardian, NetNewsCheck Latest and Editors Weblog

Robert Andrews / paidContent:UK:

Telegraph Goes With Apple Subs For Newspaper-Like iPad Edition — The Telegraph, with its long-awaited version-two iPad app, out today, is the latest news publisher to try reasserting a paid news economy for its newspaper in digital tablet form. — The publisher's upgraded app …

Discussion: One Man & His Blog, Journalism.co.uk, MacStories and The Next Web

MG Siegler / parislemon:

On Bin Laden Killing Tech Blogging — The information in the image above is not surprising at all. But still pathetic. — Imagine that, you write 35 200-word posts featuring the words “Bin Laden” in the headline and they pull in traffic on the day it's one of the most searched terms ever.

Discussion: @fredericl and @sg, more at Techmeme »

Michael Calderone / The Huffington Post:

Reuters Defends Publishing Bin Laden Compound Photos — NEW YORK — The White House isnât releasing photos of Osama bin Ladenâs dead body, but that didnât stop Reuters from publishing several gruesome photos Wednesday showing the aftermath of the U.S. raid on bin Ladenâs compound …

Discussion: Reuters, Yahoo! News and Runnin' Scared

Lucia Moses / Adweek:
NY Daily News Got Tip of Bin Laden Death Hours Early Tabloid heard from FDNY source, editor says

Discussion: The Big Picture, The Atlantic Wire, Media Matters for America, Press Gazette, New York Times, Gawker, Media News, Runnin' Scared, Forbes.com, WWD Media Headlines, The Daily Beast, Storyful, bookforum.com, The Book Bench, Random Pixels and Loose Talk, On Media's Blog, FishbowlNY and The AfPak Channel

Gabriel Sherman / New York Magazine:
Operation Geronimo, Part 2: Targeting the Media

Discussion: Poynter, Capital New York, The AfPak Channel and TPMDC

Peter Kafka / MediaMemo:

News Corp. Revenue, Earnings Miss; MySpace Still Burning Money — A first look at News Corp.'s March quarter earnings: Revenues of $8.26 billion and adjusted earnings of $0.26 per share. Analysts were looking for revenue of $8.42 billion and earnings of $0.27 per share.

Discussion: Adweek, USA Today, paidContent:UK, 9 to 5 Mac, Engadget, Home Media Magazine, Adweek, MacStories and paidContent, more at Techmeme »

Peter Kafka / @pkafka:
The Daily lost $10 million last quarter, says Chase Carey. Muffled voice behind him mentions 800,000 downloads

Discussion: SAI and The Wire

One Reporter's Notebook:

Reporting from analytics: Example — I've written before on writing from analytics, but what happened today was just such a good example, I think it's worth sharing. Briefly: checking out my site analytics, and taking clues from them led me to an unreported homicide. — Here's the step-by-step.

Jeff Bercovici / Mixed Media:

Hot Damn, AOL Is Making One Big, Expensive Bet on Patch — No wonder AOL is so eager to get folks writing for free for Patch. The internet giant pumped $40 million into its network of hyperlocal news sites in the first quarter of 2011, and it will almost certainly lose well in excess of $100 million on the venture this year.

Discussion: SAI, more at Techmeme »

Peter Kafka / MediaMemo:
Tim Armstrong Finally Gets To Boast: AOL Ad Sales Moving Up

Discussion: paidContent, Online Video News, CNET News, FishbowlNY, The eMarketer Blog and mediabistro.com

The Steve Rubel Stream:

As Curators Proliferate, Media Brands Face Loyalty Crisis — Summary: — Suddenly media brands are facing increased competition from an array of upstart curators that are growing in popularity — There are three underlying trends that are driving their rapid rise: mobile devices, remixing technologies and, arguably, paywalls

Thanks:steverubel

David Kravets / Threat Level:

CNET Accused of Copyright Infringement for Distributing LimeWire — CBS Interactive, the owner of CNET, is being sued for facilitating “massive copyright infringement” for distributing the LimeWire software, a file sharing service a federal judge ruled illegal last year.

Discussion: paidContent, Hollywood Reporter, Ars Technica, TorrentFreak and Techdirt, more at Techmeme »

Arianna Huffington / The Huffington Post:

Local Voices: Hyperlocal Blogging Comes to Patch — Today we launch a great new chapter for Patch.com, AOL's national network of hyperlocal sites currently covering community life in over 800 towns across America. It includes a vision that will utilize every possible resource to ensure accurate …

Harry McCracken / Time:

TV Everywhere? Cable on the Net Isn't There Yet — When it comes to TV, I'm not fussy. I just want access to all the channels and shows I pay my cable company a princely sum for each month, whenever and wherever I want to watch them, on all the gizmos I own. Is that too much to ask?

Peter Kafka / MediaMemo:

Time Warner's Jeff Bewkes: We Love Netflix! They Can Have All Our Old Stuff! — Last fall, Time Warner CEO Jeff Bewkes began publicly beating up on Netflix, in interviews where he compared the video rental company to “the Albanian army"-or, alternately, a “200-pound chimp.”

Michael Calderone / The Huffington Post:

Associated Press Won't Cover Fox News GOP Debate — The Associated Press will not be covering Thursdayâs Republican presidential debate âbecause of restrictions placed on media access,â according to an advisory the wire service sent out Wednesday night.

Discussion: On Media's Blog and Poynter