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7:40 PM ET, July 12, 2011

Mediagazer

 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 …
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.
Lucas Shaw / The Wrap:
WSJ Ex-Editor on Scandal: News Corp. ‘Incompetent or Complicit’ (Exclusive)
RELATED:
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.
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 …
Aaron Gell / The New York Observer:
Bin Laden Hunter ‘CIA John’ Identified  —  The Man in the Yellow Tie, with Clinton and Panetta, and in a college yearbook photo.  —  Anyone who's ever logged in to a social network while in a jubilant, possibly intoxicated, frame of mind knows the dangers.
RELATED:
Jana Winter / Fox News:
Gawker Tries to Reveal Identity of CIA Agent Behind Bin Laden Kill
Discussion: The Wire
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
Guardian:
Johann Hari suspended from the Independent following plagiarism row  —  Interviewer and columnist has been suspended for two months pending outcome of internal investigation  —  Johann Hari, the Independent interviewer and columnist accused of plagiarism, has been suspended for two months pending …
Foster Kamer / The New York Observer:
Gawker on Drugs (Literally!)  —  On Monday, Deadspin editor A.J. Daulerio unrolled a fairly epic foray into the world of stunt journalism: an attempt to re-create Major League pitcher Dock Ellis' infamous no-hitter of June 12, 1970 against the San Diego Padres, pitched while tripping on LSD.
Discussion: Deadspin and The Wrap
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
Discussion: The Huffington Post
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: Folio and PC Magazine
Alysia Santo / CJR:
Q&A: Luke Stangel, Co-Creator of TapIn Bay Area  —  “Mobile could make us focus again on what we do really well as reporters.” … You quit your job to start Tackable, a social networking company, with Ed Lucero, a tech startup veteran.  Where did the original idea for a location-aware social network come from?
Discussion: Newsonomics, GigaOM and FishbowlLA
MediaShift Idea Lab:
Stop Yammering and Start Hammering: How to Build a ‘Maker Space’ for News  —  Over the next four weeks, a very interesting experiment is going to unfold.  The most exciting part about it is that it's entirely open source: You can observe it, interact with it, and improve it.
Radhika Jones / Nieman Storyboard:
“Why's this so good?”  No. 3: André Aciman on the geography of longing  —  Any piece about New York City has a heavyweight champion to contend with - E.B. White's “Here Is New York” - but André Aciman's “Shadow Cities” comes out swinging.  “On a late spring morning almost two years ago …
 
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 More News: 
David Kaplan / paidContent:
Bloomberg Promotes Doctoroff To CEO
Chip Bayers / Adweek:
The Original Internet Adman
Dawn C. Chmielewski / Los Angeles Times:
Web-only studios mature by mimicking ‘old media’
Peter Kafka / AllThingsD:
Big Media Thinks Its Future Is in Your Phone
Discussion: NetNewsCheck Latest, Thanks:mikepilarz
Jeff Bercovici / Mixed Media:
News Corp. Sends Signal to Wall Street With $5 Billion Share Buyback
Discussion: News Corporation and Media Decoder
New York Post:
Kutcher's son of Sun Valley
Discussion: Gawker and Betabeat
 Earlier Picks: 
Ingrid Lunden / paidContent:UK:
Publisher Penguin Waddles Into Social Media Experiment With Peer Index
R. Jai Krishna / Wall Street Journal:
HT Media Scouting For Hindi, Regional Language Newspapers
David Kaplan / paidContent:
PIB: Magazine Ad Pages Rise A Bit, As Food Category Starts To Stumble
Terry Heaton / Terry Heaton's PoMo Blog:
We've got to do something about pre-rolls