Mediagazer: How I misread News Corp's taxes (David Cay Johnston/Reuters)

2:25 PM ET, July 14, 2011

Top News:

Murdochs Now Say They Will Appear Before Parliament — LONDON — In an abrupt about-face, News Corporation said Tuesday afternoon that Rupert Murdoch and his son James would testify next week before a British parliamentary panel looking into phone hacking. They will appear along with Rebekah Brooks …

Discussion: Poynter, The Wire, The Lede and Mediaite

New York Times:

Father and Son Split on Tactics in Murdoch Family Drama — Rupert Murdoch's News Corporation announced Wednesday that it was withdrawing its $12 billion bid to buy complete control of the satellite giant British Sky Broadcasting, a move intended to calm the torrent of derision directed …

Discussion: Guardian, Time, Business Week, New York Magazine, The Wire, DealBook, Kempton, The First Post, Gordon's Republic and Wall Street Journal

Julie Moos / Poynter:

Whatever happened to the WSJ editorial integrity committee? — News that the Bancroft family might not have sold The Wall Street Journal to Rupert Murdoch if they knew then what they know now about his newspapers' journalistic practices, reminded me: Wasn't there a panel established to protect …

Discussion: Media Nation and CJR

Ken Doctor / Newsonomics:

The Myths of Murdoch: Real, Unreal and Surreal — Forget the tired “gate” applied to this scandal, as in the limp Phonegate. This News Corp scandal so far surpasses mere phone treachery that the name diminishes what's at stake. Perhaps our so-far unnamed scandal will lend “Murdochian” …

Discussion: Time, Guardian and Capital New York

Guardian:

Phone hacking: Rupert Murdoch calls in PR firm Edelman — PR company will report directly to general manager of News International — Rupert Murdoch's News Corporation has called in PR and lobbying specialists Edelman to help the embattled company handle mounting public anger …

Discussion: paidContent, Mixed Media, FishbowlNY, Kempton, Mogulite, Wall Street Journal and Reuters

Seung Min Kim / The Politico:

GOPer wants FBI probe of Rupert Murdoch — New York Republican Pete King is calling on the FBI to investigate whether Rupert Murdoch's News Corporation hacked into the voicemail accounts of Sept. 11 victims, calling the allegations of the scandal “disgraceful.”

Discussion: The Huffington Post, Poynter, The Wrap, Adweek, The Nation, Free Press, Mediaite, Swampland, Most Recent Home Page Posts …, Gothamist, Indecision Forever and blogs.telegraph.co.uk

Jeff Bercovici / Mixed Media:

Handicapping Who Survives the Coming Purge at News Corp. — James Murdoch will probably still be at News Corp. a year from now, but some of his colleagues won't. Image by Getty Images via @daylife — Remember the name Tom Crone. Little known to the outside world before today, Crone …

Discussion: Mediaite, Crikey, Gordon's Republic, News Desk, Poynter and Guardian

Hélène Mulholland / Guardian:

Phone hacking: Rupert Murdoch summonsed to appear before MPs — Rupert and James Murdoch have been summonsed to attend next week's select committee session on phone hacking — MPs have dispatched the deputy serjeant at arms of the House of Commons to Wapping to deliver a summons in person …

Discussion: Adweek, Gothamist and The Wire

ProPublica:
Bancroft Family Members Express Regrets at Selling Wall Street Journal to Murdoch

Discussion: Poynter, The Daily Beast, Company Town, The Wrap, Los Angeles Times, bookforum.com, The Lede, The Nation, New York Magazine, Mediaite, Salon, On Media's Blog, The Raw Story, Gizmodo Australia, Talking Biz News and Daring Fireball

Dylan Byers / Adweek:
The Ben Bradlee of Phone Hacking

Discussion: Guardian, Media & Entertainment and Media Week

David Cay Johnston / Reuters:

How I misread News Corp's taxes — (Reuters) - Readers, I apologize. The premise of my debut column for Reuters, on News Corp's taxes, was wrong, 100 percent dead wrong. — Rupert Murdoch's News Corp did not get a $4.8 billion tax refund for the past four years, as I reported.

Discussion: Poynter, Mediaite, Regret the Error, The Atlantic Wire, Reason, MediaFile and On Media's Blog

Sarah Marshall / Journalism.co.uk:

How to: create a Facebook page as a journalist — Why journalists should create a Facebook fan page, examples of best practice and tips on setting up a page — “Facebook is a rolodex of more than 750 million potential sources,” journalist programme manager at Facebook Vadim Lavrusik told Journalism.co.uk.

Discussion: Poynter, Facebook and Journalism.co.uk

Ingrid Lunden / paidContent:

BBC.com Says It's In The Black, Two Years Ahead Of Schedule — BBC's push to make money from its overseas businesses, particularly online, had a good boost this morning, when the international site, BBC.com, announced that it has reached profitability—two years ahead of schedule.

Discussion: BBC Worldwide Blog, The Next Web and NetNewsCheck Latest

Francis Tan / The Next Web:

South Korea to regulate incentives given to bloggers — South Korea's Fair Trade Commission (FTC) aims to curb influential bloggers who get compensation from companies in return for favorable reviews of products. — The fair trade watchdog recently amended regulations so that companies and bloggers …

Steve Myers / Poynter:

Union-Tribune owner hires investment advisor to explore possible sale — Platinum Equity, the private investment firm that owns The San Diego Union-Tribune, has hired an investment adviser “to help the company explore alternatives for its future,” the newspaper reported.

Discussion: NetNewsCheck Latest

Mark Joyella / Mediaite:

Kiran Chetry To Leave CNN: 'This Isn't Goodbye, This Is See You Soon' — The New York Post is reporting tonight-and Mediaite has confirmed-that that American Morning co-host Kiran Chetry is leaving the morning show-and CNN. The Post cites “sources” saying Chetry “was seen packing up her desk today” …

Discussion: TVNewser, The Wire, The Huffington Post and Inside Cable News