Mediagazer: News Corp.'s Lost $7B Shows Investor Concern (Bloomberg)

9:20 PM ET, July 12, 2011

Top News:

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.

Discussion: New York Times, The Huffington Post, mediabistro.com, Gothamist, Company Town, Splice Today, Gawker, Los Angeles Times, FishbowlNY, Bloomberg, The Wire, Forbes.com, Future of Journalism and The New York Observer

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

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: Adweek, Paul Krugman, MediaPost, Economist and The Huffington Post

Lucas Shaw / The Wrap:
WSJ Ex-Editor on Scandal: News Corp. ‘Incompetent or Complicit’ (Exclusive)

Discussion: Guardian, The Wire, Media Matters for America and The Daily Beast

Roger Cohen / New York Times:
In Defense of Murdoch — NEW YORK — Fair warning …

Discussion: Media Research Center and Mediaite

New York Times:
News Corporation Moves to Delay BSkyB Deal to Avoid Its Collapse

Discussion: NPR, Poynter, New York Magazine and DealBook

Simon Dumenco / AdAge:

Thanks for the Apology, Huffington Post. Now Please Apologize to the Writer You Suspended — An Open Letter From Our Media Guy to Peter S. Goodman … Dear Peter, — My sincere thanks to you for your gracious apology. Your incredibly swift response to my column was heartening.

Discussion: digiday:DAILY, Poynter, Future Journalism Project, The Wire, The Huffington Post, The Daily Caller and New York Magazine

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: New York Magazine, CJR, The New York Observer, Poynter, Erik Wemple, Silicon Valley Watcher, Erik Wemple, AdAge, Fortune, Editors Weblog, Future of Journalism, AllThingsD and Poynter

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.

Discussion: New York Magazine, News Desk, Mashable!, Runnin' Scared and Guardian

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

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 Wire

Guardian:

Independent's Johann Hari suspended — 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 the outcome …

Discussion: Press Gazette, The Huffington Post and blogs.telegraph.co.uk

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: CyberJournalist.net, Newsonomics, GigaOM and FishbowlLA

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

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 and Folio

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 …