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.
RELATED:
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:
Future Journalism Project, Guardian, Adweek, Media Matters for America, On Media's Blog and AdAge
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.
Dan Sabbagh / Guardian:
Rupert Murdoch's BSkyB bid is slipping with David Cameron's U-turn — The PM's remarkable decision to follow Ed Miliband's opposition day motion could signal sea change for Murdoch's UK plans — It has taken David Cameron to do what Jeremy Hunt couldn't or wouldn't.
Discussion:
Economist, The Wrap, Paul Krugman and AdAge
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:
NPR, Poynter, New York Magazine and DealBook
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:
Guardian, Reuters, The New York Observer, Adweek, The New Yorker Blog and paidContent
Jeff Bercovici / Mixed Media:
The Twisted Logic of Murdoch's Pivot on BSkyB Deal
Discussion:
Adweek, Media Decoder, rbr.com, Press Gazette, News Corporation, Media & Entertainment, The Lede, Guardian, Forbes.com, Editors Weblog, Multichannel and Gawker
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:
Erik Wemple, Erik Wemple, AdAge, Future Journalism Project, Fortune, Future of Journalism, The Informer, Poynter, The Wire, AllThingsD and AdAge
RELATED:
Yahoo! News:
HuffPo controversy highlights cavalier online editorial culture — What began presumably as an innocent post by a cub reporter has ballooned into one of this week's media controversies. Here's the basic time line of events: A young and green Huffington Post journalist named Amy Lee borrowed quite liberally …
Dylan Byers / Adweek:
Is Huffington Post Throwing its Writers Under the Bus?
Discussion:
Poynter, Daniel Bachhuber's weblog, Editors Weblog, The Wire, Strange Attractor, FishbowlNY and WebProNews
Andy Plesser / Beet.TV:
Reuters' Digital News Chief: “This is the Most Amazing Story Around” — The appointment of Anthony De Rosa, a product manager at Reuters who quickly became the company's Social Media editor, is “the most amazing (journalism) story around,” says Jim Impoco, Executive Editor, Thomson Reuters Digital, in this inteview with Beet.TV
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 …
Discussion:
Betabeat
Jeff Sonderman / Poynter:
Journalism students must bridge 'digital divide 2.0′ to become less old-school — Assistant professors Alexa Capeloto and Devin Harner say young journalism students “know how to act the part of digital natives,” but “they're inclined to see the Internet as a tool for entertainment and socializing …
Discussion:
USA Today and MediaShift
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?
Discussion:
Poynter, The Awl and The New York Observer
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 …
Chris Ariens / FishbowlNY:
Lance Ulanoff Leaving PCMag.com, Dan Costa Upped to Editor-in-Chief — After 16 years with the PCMag — first in print and later solely online — Lance Ulanoff (left) is leaving the Ziff Davis brand for “other interests.” — Dan Costa, who has been Executive Editor of PCMag.com …
Discussion:
PC Magazine
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.
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