Top News:
Bloomberg:
News Corp.'s Lost $7B Shows Investor Concern — News Corp. (NWSA)'s loss of $7 billion in market value over four trading days shows investor concerns that a probe into alleged phone hacking by journalists at one London newspaper could have a broader impact on the company.
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New York Times:
British Tabloid Sought Phone Data of Investigators — LONDON — Shortly after Scotland Yard began its initial criminal inquiry of phone hacking by The News of the World in 2006, five senior police investigators discovered that their own cellphone messages had been targeted by the tabloid and had most likely been listened to.
Discussion:
Guardian, Press Gazette, The Huffington Post, Gawker, National Review, blogs.telegraph.co.uk, FP Passport, The Staggers and The Wire
Roger Cohen / New York Times:
In Defense of Murdoch — NEW YORK — Fair warning: This column is a defense of Rupert Murdoch. If you add everything up, he's been good for newspapers over the past several decades, keeping them alive and vigorous and noisy and relevant. Without him, the British newspaper industry might have disappeared entirely.
David Cay Johnston / Reuters:
RPT-COLUMN-It pays to be Murdoch. Just ask US gov't: DCJohnston — David Cay Johnston is a Reuters columnist. The opinions expressed here are his own. — (Reuters) - Rupert Murdoch may not garner as much attention for his financial savvy as he does for his journalistic escapades …
Discussion:
On Media's Blog, Adweek, AdAge and Newspaper Death Watch
New York Times:
News Corporation Moves to Delay BSkyB Deal to Avoid Its Collapse — LONDON — Battered by allegations of phone hacking by the now-shuttered News of the World, Rupert Murdoch's News Corporation on Monday effectively delayed government action on its proposed takeover of the satellite broadcast …
Discussion:
New York Magazine, Poynter and DealBook
Guardian:
News International papers targeted Gordon Brown — Newspapers obtained information from the former prime minister's bank account, legal file and family medical records — Journalists from across News International repeatedly targeted the former prime minister Gordon Brown …
Discussion:
The Independent, Adweek, The Wire, Press Gazette, Media & Entertainment, FleetStreetBlues, This Is London, paidContent, The Lede, BBC, CREW, blogs.telegraph.co.uk, FP Passport, Bloomberg, AlterNet.org, The First Post, Mirror.co.uk, The New Yorker Blog, Tom Watson, Jon Slattery, Poynter, The Staggers, Telegraph, Crikey, Erik Wemple, News: News blog, Economist, Future of Journalism, The Daily Dish, New Jersey Online, CJR, The Huffington Post, MediaFile, Agence France Presse, The Raw Story, Political Scrapbook, Sky News, Liberal Conspiracy, Guy Fawkes' blog, Runnin' Scared, New York Magazine, American Journalism Review, On Media's Blog, Gawker, Gothamist, Mother Jones, The Independent and New York Times
Jeff Bercovici / Mixed Media:
News Corp. Sends Signal to Wall Street With $5 Billion Share Buyback
Discussion:
News Corporation and Future of Journalism
Aaron Elstein / Crain's New York Business:
News Corp.'s board knows something about hacks
Discussion:
Reuters, The New York Observer, Adweek, The New Yorker Blog, Guardian and paidContent
Jeff Bercovici / Mixed Media:
The Twisted Logic of Murdoch's Pivot on BSkyB Deal
Discussion:
Media Decoder, Forbes.com, News Corporation, mediabistro.com, Guardian, Editors Weblog, AllThingsD, The Wire, Wall Street Journal, Multichannel and Adweek
Andrew Essex / News Desk:
James Murdoch, Then and Now — James Murdoch, the younger son …
Discussion:
Guardian, Adweek, Forbes.com, Media Matters for America, On Media's Blog, Rolling Stone and The Wire
Ryan Tate / Gawker:
HuffPo Fires Writer for Doing ‘What We Were Taught and Told to Do’ — The Huffington Post indefinitely suspended a young blogger today for rewriting too much of someone's news article. This is pretty ridiculous, given HuffPo's systematic, officially-sanctioned approach to rewriting too much of people's news articles.
Discussion:
Future Journalism Project, eMedia Vitals, Future of Journalism, Poynter, The Wire, FishbowlNY and AdAge
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Dylan Byers / Adweek:
Is Huffington Post Throwing its Writers Under the Bus?
Discussion:
Daniel Bachhuber's weblog, Poynter, Editors Weblog, The Awl, The Wire, Strange Attractor, FishbowlNY, WebProNews and paidContent
Economist:
Opening statements — There is no question that the internet is transforming the news industry, just as it has reshaped so many other industries. And, as in those other cases, the internet's impact has both positive and negative aspects. Does this, on balance, strengthen or weaken the news system?
Ingrid Lunden / paidContent:UK:
Publisher Penguin Waddles Into Social Media Experiment With Peer Index — A little social media experiment is underway at the publishers Hamish Hamilton/Penguin UK: the publisher has tied up with the social media site PeerIndex to try out a new way of promoting its books.
Discussion:
The New York Observer and Forbes.com
New York Post:
Kutcher's son of Sun Valley — Ashton Kutcher created his own Sun Valley-like conference for cool kids after the older moguls headed home. — The “Two and a Half Men” star has been bolstering his rep as a tech entrepreneur by investing in a host of start-up companies through a partnership …
Dawn C. Chmielewski / Los Angeles Times:
Web-only studios mature by mimicking ‘old media’ — Digital studios such as Vuguru are adopting Hollywood rituals for their new media series and applying traditional business models to underwrite production costs. — Nine studio executives sat in a glass-enclosed conference room in Beverly Hills …
Chip Bayers / Adweek:
The Original Internet Adman — The advertising business has always been a place for self-invented characters. So was the Internet business in 1994, when I moved to San Francisco. That's when I met Jonathan Nelson, now CEO of digital for Omnicom, a holding company that earned more than 18 percent of its revenue from digital in 2010.
Peter Kafka / AllThingsD:
Big Media Thinks Its Future Is in Your Phone — Big media companies have never been comfortable with the Web: It's sprawling, messy, hard to corral and even harder to turn into a profit center. — But many of those same companies tend be much more optimistic about smartphones …
Thanks:mikepilarz
David Kaplan / paidContent:
PIB: Magazine Ad Pages Rise A Bit, As Food Category Starts To Stumble — By and large, consumer magazine ad pages have been trending pretty well the past year, ekeing out slim gains amid advertisers' continued migration from print to digital. But as the latest Publishers Information Bureau figures …
R. Jai Krishna / Wall Street Journal:
HT Media Scouting For Hindi, Regional Language Newspapers — NEW DELHI — HT Media Ltd. is looking to expand its print, radio and online businesses through acquisitions and tie-ups, as it seeks to benefit from growing demand for information and entertainment in a robust economy.
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