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4:35 PM ET, July 13, 2011

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 Top News: 
BBC:
News Corp withdraws bid for BSkyB  —  WATCH: Robert Peston says it will have been ‘incredibly painful’ decision for Murdoch  —  Rupert Murdoch's News Corporation has announced that it is dropping its planned bid to take full ownership of BSkyB.  —  The announcement came as the House …
RELATED:
John Cook / Gawker:
In Defense of Sleazy Journalism  —  As delightful as it's been to watch Rupert Murdoch's British fiefdom slowly drown in a foul swamp of wickedness and criminality, it's worth remembering that all good reporters are amoral monsters and that without a lot of highly questionable behavior …
Hollywood Reporter:
Confessions of a News of the World Reporter (Exclusive) … My first assignment was cake.  I tagged along with a features reporter to interview Baywatch actress Traci Bingham because she was on the U.K.'s Celebrity Big Brother (or Big Bruv, as they call it) that season.  Nothing unusual.
Discussion: The Wire
Larry Kramer / paidContent:
NoTW Lesson: The Coverup Is Usually More Damaging Than The Original Crime  —  Larry Kramer, the author of “C-Scape: Conquer the Forces Changing Business Today”, was founder and former CEO of CBS (NYSE: CBS) Marketwatch.com and the first president of CBS Digital.
Gabriel Sherman / New York Magazine:
In the Murdoch Hacking Scandal, Roger Ailes Stands to Gain
Discussion: TVNewser
Reuters:
Legal head of News International leaves company: source
Discussion: Guardian and FOXBusiness.com
Lucas Shaw / The Wrap:
WSJ Ex-Editor on Scandal: News Corp. ‘Incompetent or Complicit’ (Exclusive)
Julie Moos / Poynter:
The journalistic value of aggregation creates the business value  —  Aggregation has been core to this website's success for the last decade.  Our most popular feature since 1999 has been a blog that earns its iconic place in journalism by highlighting the most interesting and important news for a passionate audience.
RELATED:
Bill Keller / New York Times:
Let's Ban Books, or at Least Stop Writing Them  —  There was exciting news last month among the Twitterati.  Brian Stelter, The New York Times prodigy and master of social media, announced to his 64,373 followers that he is going to write a book.  The obvious question: What's up with that?
Jeremy W. Peters / Media Decoder:
Times Company to Repay Carlos Slim Early  —  Updated The New York Times Company said Wednesday that it would pay back the $250 million loan from Carlos Slim Helú, a Mexican telecommunications billionaire, on Aug. 15, freeing itself from one of its larger financial obligations.
Reuters:
Global ads spend returning to pre-crisis level-Zenith  —  (Reuters) - The global advertising market is still expected to return to pre-recession levels this year, despite Europe's debt crisis and economic uncertainty slowing demand in the United States and Europe, according to media buyer ZenithOptimedia.
Thanks:beet_tv
Mallary Jean Tenore / Poynter:
Guardian deputy editor: ‘It got pretty lonely’ covering News International scandal  —  Ian Katz, deputy editor of The Guardian, says covering The News of the World scandal was a lonely undertaking until last week.  The Guardian has covered the scandal for two years, but the scandal …
David Kaplan / paidContent:
NYT On The ‘Psychology Of Sharing’: E-Mail Still Rules  —  When the New York Times first began talking about creating a metered paywall for its website last year, the company was quick to note that social media links would be exempt in order to keep the traffic flowing.
Discussion: ANA
Lauren A. E. Schuker / Wall Street Journal:
Oprah to Take Bigger Role at Her Struggling Network  —  The queen of daytime television is moving into the corner office.  —  Oprah Winfrey is poised to become chief executive of her cable channel, OWN: the Oprah Winfrey Network, starting sometime in the fall, according to people close to the venture.
Amir Efrati / Wall Street Journal:
Yahoo Prepares New Web Ad Push  —  People are spending less time on Yahoo Inc.'s websites.  So in a bid to reverse its waning influence, the Internet company is working on a way to get more of its content and advertising on others' websites instead.  —  As part of a network it expects …
Steve Myers / Poynter:
U.S. has same number of newspapers now as in 1890s  —  Stanford has used data from the Library of Congress to illustrate the spread of all kinds of newspapers across the U.S. from 1690 to 2011.  Users can see which cities had multiple papers and click on them to learn more about them.
Ken Sonenclar / AdAge:
Why the Sale of Hulu Is (Really) Good News for Content Businesses  —  With the Potential to Fetch $2 Billion, Acquisition Proves Just How Valuable Content Remains in the Digital Age  —  The prospective sale of Hulu, which was announced on June 21 after its owners received an unsolicited offer …
 
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 Sponsor Posts: 
AdExchanger:
Defining Native Advertising Success At The Washington Post  —  Like many publishers, The Washington Post's Kelly Andresen grapples with success metrics for native advertising campaigns.
Search Marketing Expo News:
100 Internet Marketing Experts Speaking at SMX in NYC  —  More than 100 of the world's most knowledgeable internet marketers will present at Search Marketing Expo - SMX East, September 30 - October 2 in New York City.
Say Media / Say Daily:
xoJane: Online Dating Secrets to Be More Desirable  —  Writer, comedian and xoJane editor-at-large Mandy Stadtmiller recently asked xoJane readers to help her write her dating profile - and of course they rose to the occasion.
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 More News: 
Laura Hazard Owen / paidContent:
The Latest iPad-Only Magazine
Discussion: SiliconFilter
Adam Martin / The Atlantic Wire:
Nick Confessore: What I Read
Andrew Damstedt / American Journalism Review:
Expanding EveryBlock  —  The hyperlocal Web site's new president sees …
Lucia Moses / Adweek:
Vogue Casts 1,000 ‘Influencers’ for Network
Discussion: The Wire
AdAge:
The Surprising (Content) Future of Google+
Steve Myers / Poynter:
Just 1 in 10 TV newsrooms have beat-based reporters
Daniel D'Addario / The New York Observer:
Errol Morris, Gossip Boy
Discussion: New York Magazine
 Earlier Picks: 
Rebecca Meany / Idaho Mountain Express & Guide:
Allen & Co. leaves town, takes secrets with it
Rosemary Feitelberg / WWD Media Headlines:
Peter Manso Bristles Over New York Times' Review
Andrew Hampp / AdAge:
With NBCU Digital Studio Closure, What's Next for Network-Backed Web Series?
Discussion: Home Media Magazine
Foster Kamer / The New York Observer:
Gawker on Drugs (Literally!)
Phillip Smith / MediaShift Idea Lab:
Stop Yammering and Start Hammering: How to Build a ‘Maker Space’ for News
Discussion: eMedia Vitals
 

 
From Techmeme:

Derrick Harris / Gigaom:
Twitter acquires deep learning startup Madbits

Joe Belfiore / Windows Phone Blog:
Windows Phone 8.1 Update expands Cortana to new countries, adds “Live” folders on start screen, and more

Josh Constine / TechCrunch:
Instagram launches Bolt, its one-touch photo and video messaging app, in Singapore, South Africa, and New Zealand

 
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