Mediagazer: The Forbes family's big deal causes big trouble (Katie Benner/Fortune)

3:20 PM ET, July 28, 2011

Top News:

News of the World targeted phone of Sarah Payne's mother — Evidence found in private detective's notes believed to relate to phone Rebekah Brooks gave to Sara Payne — Sara Payne, whose eight-year-old daughter Sarah was abducted and murdered in July 2000, has been told by Scotland Yard …

Discussion: Poynter, New York Magazine, Gawker, Adweek, The Huffington Post, Press Gazette, NetNewsCheck Latest, The Wire, The Daily Beast and msnbc.com

Jane Martinson / Guardian:
James Murdoch back to chair BSkyB board meeting

Discussion: CJR, Company Town, Media News, Advertising …, Crikey and On Media's Blog

Wall Street Journal:
U.K. Tabloid's Lawyer Had a Ringside Seat

Discussion: The New York Observer

Ben Fenton / Financial Times: BSkyB directors back James Murdoch

Ian Katz / Guardian: The Coulson affair: Guardian questions to Downing Street

Wall Street Journal:
BSkyB Likely to Buy Back Shares

Discussion: Guardian

David Gelles / Financial Times: Friend of the Murdochs to lead internal probe into NoW

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.”

Discussion: Poynter, Adweek, The Huffington Post, FishbowlNY, Mr NYC and The Business Insider

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.

Discussion: New York Magazine, FishbowlNY and The Business Insider

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.

Greg Sandoval / Media Maverick:
A defense of charging more for Web TV (Q&A)

Discussion: CNET News, mediabistro.com, Most Recent Home Page Posts …, GigaOM, Public Knowledge and AllThingsD

Peter Kafka / AllThingsD:
Netflix Is for Movies, Hulu Is for TV Shows. Neither Is for Your iPad or Your iPhone.

Discussion: Media Maverick and MediaPost, more at Techmeme »

Justin Ellis / Nieman Journalism Lab:

Why The Atlantic joined up with Pulse — and what the app's usage stats can tell data-hungry publishers — Just last week Pulse struck a new partnership agreement, adding The Atlantic, The Atlantic Wire, and The National Journal to its list of featured content providers.

Discussion: NetNewsCheck Latest and Cision

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.

Discussion: MediaPost, The Next Web, PC Magazine, MacRumors, SocialTimes.com, ITProPortal, 9to5Mac, Mobile Entertainment, MacStories, Crikey, Gizmodo and Future of Journalism, more at Techmeme »

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.

Discussion: The Daily Beast, Poynter, Company Town, On Media's Blog, Free Press and Inside Cable News

Lens:

Back in Action and Back on Page 1 — “He will be missed until — as I have no doubt he will — he returns to action, cameras blazing.” — Bill Keller, the executive editor of The New York Times, offered this brave prognosis to the staff in October, hours after the photographer Joao Silva lost …

Discussion: Journalism.co.uk, Poynter, Mediaite, New York Magazine and New York Times

Ken Doctor / Nieman Journalism Lab:

The newsonomics of Netflix and the digital shift — Editor's Note: Each week, Ken Doctor — author of Newsonomics and longtime watcher of the business side of digital news — writes about the economics of news for the Lab. — Netflix CEO Reed Hastings says he is surprised that customers …

Discussion: GigaOM

Philip Bump / Mediaite:

The New Yorker Goes Digital - But Leaves Its Iconic Covers Behind — An issue of the New Yorker may be long and densely packed, but at least one only comes every seven days. It's possible that the incarcerated manage to read every issue. I am skeptical of anyone else who makes that claim.

Discussion: Poynter

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

Discussion: Lost Remote, The Huffington Post, WebProNews, TechCrunch and NetNewsCheck Latest

Nikki Finke / Deadline.com:

LA Times Layoffs Due To Movie Ad Falloffs — The Los Angeles Times began another round of buyouts and layoffs extending into August. And all because of what internal sources say is a dramatic shortfall in movie advertising revenue. “Film advertising is down -25% under the projections for this time of year.

Alison Kitchens / American Journalism Review:

Putting More New in the Newseum — The Washington museum gets a new chief and a heightened emphasis on new media. Wed. July 27, 2011 — Alison Kitchens (akitchens@ajr.umd.edu) is an AJR editorial assistant. — As incoming president and CEO of the Freedom Forum …

Jeff Sonderman / Poynter:

Newsbeat debuts as robust, real-time Web analytics tool for news publishers — The people behind the popular realtime analytics tool Chartbeat launched a new version today specifically designed for news publishers, called Newsbeat. It is a more powerful tool for understanding your Web traffic, but also comes at a higher cost.

Discussion: TechCrunch and VentureBeat