Mediagazer: New York Times Digital Transition: Worth $34 million (annually) and counting (Ken Doctor/Newsonomics)

11:00 PM ET, July 21, 2011

Top News:

James Murdoch misled MPs, say former NoW editor and lawyer — Colin Myler and Tom Crone challenge News Corp executive's statement to MPs at phone-hacking hearing — James Murdoch has been accused of misleading the parliamentary select committee this week in relation to phone hacking …

Discussion: Kleinman, The Wrap, Wall Street Journal, Media Law Prof Blog, The Wire, paidContent:UK, paidContent:UK, Jon Slattery, msnbc.com and App Advice

Reuters:

James Murdoch denies misleading panel — (Reuters) - James Murdoch gave “mistaken” testimony to a British parliamentary committee, two senior ex-News of the World executives said on Thursday, the most direct accusation made so far against News Corp's heir apparent in a phone-hacking scandal.

Discussion: Adweek, FishbowlNY and MediaFile

Guardian:

James Murdoch: groomed for the top but now looking down the barrel — He will be unable to avoid another round of allegations and recriminations guaranteed to keep him in headlines — It's like the last scene from Reservoir Dogs when they all shoot each other. — But what did the Murdochs expect?

Susan Candiotti / CNN:

9/11 families to meet with attorney general over phone hacking — (CNN) — Relatives of 9/11 victims will meet with the U.S. attorney general and other Justice Department officials to discuss allegations that a newspaper owned by News Corp. targeted phone conversations and voice mails …

Business Week:
Will the Scandal Tame Murdoch?

Discussion: Company Town and Washington Post

American Journalism Review: The Incredible Shrinking Rupert

Economist: Last of the moguls — Rupert Murdoch is the last member of a dying breed.

Journalism.org:
The Wall Street Journal under Rupert Murdoch

Discussion: Poynter, Garcia Media, News Desk, TVWeek.com, Mixed Media, On Media's Blog, Chicago Reader, NetNewsCheck Latest and paidContent

Gautam Naik / Wall Street Journal:
Scotland Yard Stint Lands Former Editor in Spotlight

Discussion: Bloomberg

Paul Farhi / Washington Post:
Guardian, N.Y. Times worked to break News Corp. hacking case

Discussion: Poynter, Editors Weblog, Press Gazette, blogs.telegraph.co.uk, News Desk, CJR and Chicago Tribune

Business Wire:

The New York Times Company Reports 2011 Second-Quarter Results — Companies: — Related Quotes — SymbolPriceChange — NYT — 8.97 — NEW YORK—(BUSINESS WIRE)— The New York Times Company (NYSE:NYT - News) announced today a 2011 second-quarter diluted loss per share …

Discussion: New York Times, Poynter, AllThingsD, TechFlash, CNET News, TechCrunch, Betabeat, Mixed Media, Media Nation, Tech Trader Daily, Epicenter, Media & Entertainment and FishbowlNY

Staci D. Kramer / paidContent:

NYT's Nisenholtz: 'We're Not Naive About Google' — A revealing bit of conversation at the end of the New York Times (NYSE: NYT) earnings call between an analyst, digital head Martin Nisenholtz and CEO Janet Robinson about Google (NSDQ: GOOG) and the About.com response to the change in search algorithms that hit About, among others.

Discussion: paidContent and NetNewsCheck Latest

Ken Doctor / Newsonomics:

New York Times Digital Transition: Worth $34 million (annually) and counting — What we can make from today's New York Times' digital circulation and overall second quarter report: The Times is on a tentative, early trajectory to proving out that a hybrid digital pay model will work.

Discussion: The Awl

David Kaplan / paidContent:
NYTCo Swings To Loss; Digital Rises Double Digits, About Continues To Fall

Discussion: MediaPost, NetNewsCheck Latest and paidContent:UK

David Kaplan / paidContent:

Condé Nast And Adobe Try To Get A Handle On Digital Mag Metrics — While it may be exciting for advertisers to try out out an interactive ad in a digital magazine, at the end of the day, they just care about the numbers. With that in mind, Condé Nast and its digital magazine partner Adobe …

Discussion: Adweek, MediaPost, Future of Journalism, Folio and The New York Observer

Lucia Moses / Adweek: Hearst, Bonnier Cave on MediaVest Demand for Tablet Data

Jeff Bercovici / Mixed Media:

Demand Media's Lawyers Go After Critical Blog as Stock Sags — There's something perversely flattering about having an entire website devoted to your supposed terribleness. But Demand Media is evidently not enjoying the attention from Demand Studios Sucks, a blog maintained by refugees …

Discussion: Demand Studios Sucks

Mathew Ingram / GigaOM:

Is the internet making journalism better or worse? Yes — For the past several days, The Economist has been hosting a debate between journalism professor Jay Rosen and digital skeptic and author Nicholas Carr, as part of an ongoing series about the future of media.

Discussion: Economist

Michael Miner / News & Features, Chicago Reader:

The elusive definition of “journalist” — News used to be dispensed by an identifiable priesthood. Welcome to the reformation. — What the hell is a journalist anyway, and why should we need to define one? A journalist, says one of my daughters, making me swallow hard, is someone you can believe is trying to tell you the truth.

Bloomberg:

Murdoch Gets Confidence Vote From Saudi Prince — News Corp. (NWSA) Chairman Rupert Murdoch, facing the fallout from alleged phone-hacking at a London newspaper, got a vote of confidence from Saudi Prince Alwaleed bin Talal Al Saud, one of the company's largest shareholders.

Lucas Shaw / The Wrap:

News Corp.'s The Sun Fires Editor Over Phone-Hacking Connections — A former News of the World executive has been fired from his current job at the Sun due to allegations related to phone hacking, the BBC is reporting. — Matt Nixson, features editor at The Sun, maintains his innocence …

Discussion: Guardian and Adweek

Ian Sherr / Wall Street Journal:

Apple Explores Hulu Bid — Apple Inc. is in the early stages of examining Hulu LLC, a video-streaming pioneer that is being considered for sale by its owners. — Apple, which sits on $76.2 billion in cash and investments, is in the preliminary stages of looking at the site …

David Kaplan / paidContent:

AP Archive To Be Used As Basis For Programming Series — The Associated Press will be working with talent agency/marketing firm Madison Avenue Sports and Entertainment to develop content culled from the wire service's library of audio, video and photography.

Discussion: rbr.com

Andrew Edgecliffe-Johnson / Financial Times:

Thomson Reuters markets chief to leave — Devin Wenig, who has run Thomson Reuters $7.5bn markets division since Thomson Corp's 2008 takeover of Reuters, is leaving the company suddenly in a shake-up which the group said was intended to accelerate growth in the financial data business.