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11:30 AM ET, July 28, 2011

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 Top News: 
Peter Kafka / AllThingsD:
Here's What Steve Forbes Is Telling His Staff About That Brutal Fortune Article  —  Fortune depantsed longtime rival Forbes today with a story detailing the business magazine's finances, which have been terrible.  —  Don't worry about it, Forbes chairman Steve Forbes tells his staff, via an internal memo, which you can read below.
RELATED:
Katie Benner / Fortune:
The Forbes family's big deal causes big trouble  —  After default, emergency restructuring was needed to satisfy lenders.  —  Malcolm's sons (from left): Timothy, Christopher, Robert, and Steve in 1993  —  FORTUNE — The Forbes family has poked itself in the eye with its “capitalist tool.”
Nielsen Wire:
What Netflix and Hulu Users are Watching... and How  —  Streaming video online is on the rise in the U.S., and how consumers tune in differs greatly across services.  According to a recent Nielsen survey, the majority of Netflix users report watching on a TV screen.
RELATED:
Greg Sandoval / Media Maverick:
A defense of charging more for Web TV (Q&A)  —  So apparently we were just kidding ourselves and the Internet really isn't going to send us to some digital TV Shangri-La, where all the content was free of charge, available at our fingertips, and killed commercial breaks.
Peter Kafka / AllThingsD:
Netflix Is for Movies, Hulu Is for TV Shows.  Neither Is for Your iPad or Your iPhone.  —  Lots of you are using your phones to watch YouTube.  But Netflix and Hulu?  Not so much.  —  That's one of the takeaways from a new Nielsen report about viewing habits on the two online video services.
Jane Martinson / Guardian:
James Murdoch back to chair BSkyB board meeting  —  Broadcaster claims ‘back to business as usual’ but pressure continues to mount on James Murdoch  —  James Murdoch will on Thursday chair a full board meeting of BSkyB for the first time since his family firm dropped its bid for full control of the satellite business.
RELATED:
Wall Street Journal:
BSkyB Likely to Buy Back Shares
Discussion: Guardian
Brian Stelter / New York Times:
Sharpton's Push for Comcast Raises Issues About Possible MSNBC Job  —  Last year, Comcast was lining up the Rev. Al Sharpton to lobby for its bid for NBCUniversal.  This year, the cable news channel owned by NBCUniversal, MSNBC, is weighing whether to make him a daily television host.
Stuart Dredge / Guardian:
BBC iPlayer goes global with iPad app launch in 11 countries  —  Western Europe first for subscription-based service, with US to follow later in 2011  —  BBC Worldwide is launching its global iPlayer service on Thursday, via an iPad app that will be made available in 11 countries in Western Europe.
Justin D. Martin / CJR:
Apparently, Global News Orgs Don't Commit Online Errors  —  Is that why so many of them lack coherent corrections policies?  —  Far too many modern news organizations do not have public corrections policies or prominent corrections pages, something that has been well-stated at CJR.
Discussion: Regret the Error and FishbowlLA
Zev Chafets / New York Times:
Stinger: James O'Keefe's Greatest Hits  —  The temperature was hovering near 90 degrees on the afternoon of Memorial Day when James O'Keefe III emerged from the woods and ambled over to my car.  He was tall and thin, with pale skin and matted reddish hair.  When his mug shot ran in the papers …
Ari Melber / The Nation:
Media Blows Debt Crisis Coverage With Balance Bias  —  1. The assumption that there is truth and legitimacy to both sides of every dispute.  —  2. The iron law in political journalism that one side in a debate can never be exclusively right, or have a monopoly on the facts.  —   
Wall Street Journal:
U.K. Tabloid's Lawyer Had a Ringside Seat  —  LONDON—Tom Crone had insight into how the dirt was dug—and defended—at the News of the World, the now-closed tabloid at the center of the U.K. phone-hacking scandal.  —  Now he may be on a collision course with James Murdoch, the deputy chief operating officer of News Corp.
Discussion: The New York Observer
Peter Kafka / AllThingsD:
Jon Stewart Points Out the Downside of TV's Twitter-Love  —  Excellent twofer from “The Daily Show” last night: Deflating Twitter and TV news in one three-minute segment.  —  The Daily Show  —  Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook
Lacey Rose / Hollywood Reporter:
Anderson Cooper Plans to Show Softer Side in New Daytime Talk Show  —  “I like the idea of having a show that represents all different sides of my personality, from the serious stuff to the silly reality shows that I'm addicted to,” Cooper tells The Hollywood Reporter.
Ian Katz / Guardian:
The Coulson affair: Guardian questions to Downing Street  —  Fourteen questions submitted by the Guardian to No 10 regarding Andy Coulson's vetting, and the answer we received  —  Last week it emerged that David Cameron's former press secretary Andy Coulson had been subjected to a lower level …
 
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Search Marketing Expo News:
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AdExchanger:
Dear Apple: So, You Want To Be A Programmatic Player?  Listen Up  —  While Apple arguably can do whatever it puts its hand to, its recent move to bring programmatic to iAd doesn't have everyone impressed.
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 More News: 
David Gelles / Financial Times:
Friend of the Murdochs to lead internal probe into NoW
Lauren Kirchner / CJR:
Darts and Laurels  —  Meet Brian Condra, the media's favorite “everyman”
Deborah Mackay / The Next Web:
Social media and the new wave of journalism
 Earlier Picks: 
David Kaplan / paidContent:
IAC's Diller: Daily Beast/Newsweek Losses Are More Than Tolerable
 

 
From Techmeme:

Serena Saitto / Bloomberg:
Uber Said Close to Raising Funding at Up to $40B Value

Peter Kafka / Re/code:
Netflix Sues a Former Exec — Now Yahoo's CIO — For Allegedly Collecting Kickbacks

Reiji Murai / Reuters:
Sony to cut TV, smartphone lineup; sees growth in PlayStation, image sensors

 
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