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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 …
Discussion:
Guardian, New York Times, MediaFile, Sky News, TVNewser, Poynter, paidContent, The Daily Dish, Slate, Media Law Prof Blog and New York Times
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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 …
Discussion:
CBS News, BBC, New York Magazine and Erik Wemple


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

Phone-hacking scandal reaches US — US senator Jay Rockefeller warns of ‘serious consequences’ if Rupert Murdoch's journalists have targeted American citizens — A key US senator has called for an investigation into whether any of News Corporation's organisations in the country have hacked US citizens.

James Murdoch To Stay On As BSkyB Chair After News Corp Abandons Bid
Discussion:
paidContent:UK, mediabistro.com, Media Matters for America and Christian Science Monitor


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.
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Let's call rewriters “rewriters”, not “aggregators”. Also: why Techmeme is wonderful. — Something bothered me about Simon Dumenco's piece about Huffington Post yesterday. Not the substance of his column, which was valid and well-argued, nor the favorable comparison to Techmeme, which was, well, favorable to Techmeme.
Discussion:
@kvox


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?
Discussion:
Poynter, The New York Observer, The Wire and Gawker

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.
Discussion:
Poynter, The New York Times Company, The Huffington Post, Media & Entertainment, The Wire and The Wrap


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.
Discussion:
Gawker and Company Town

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

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.


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


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 …
Discussion:
The Independent, http://www.Stinkyjournalism … and The Atlantic Online

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 …
Discussion:
AllThingsD, Adweek, AdExchanger.com, eMedia Vitals and Future of Journalism


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:
Mashable!, Future of Journalism, News Desk, Runnin' Scared and New York Magazine
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Gawker Tries to Reveal Identity of CIA Agent Behind Bin Laden Kill
Discussion:
The Wire