Mediagazer: Facebook Is Your New Local Newspaper (Dan Frommer/The Wire)

6:35 PM ET, August 10, 2011

Top News:

Peter Kafka / AllThingsD:

Rupert Murdoch Meets Wall Street, and Then the Press: LIVE — You can read about News Corp. earnings (pretty good) here. But odds are that most of you want to hear what Rupert Murdoch has to say about PhoneGate and its fallout. Pretty sure you'll get to hear a bit about it this afternoon.

Discussion: paidContent, On Media's Blog, MediaPost, Mixed Media, Deadline.com, Yahoo! News, Poynter, @carr2n, The Wrap, Between the Lines Blog, @sdkstl, @michaelwolffnyc and New York Post

MarketWatch:

News Corporation Reports Fourth Quarter Income from Continuing Operations of $982 Million, $0.35 Per Share — Total Segment Operating Income Grew 45% to $1.35 Billion on 11% Revenue Growth — Front Page - News Viewer - Commentary - Markets - Investing - Personal Finance - Community - Games

Discussion: @jbflint and New York Magazine

BBC:
New arrest in phone-hacking inquiry

Discussion: The Atlantic Wire

Bloomberg:
News Corp.'s James Murdoch to Explain Story Holes

Discussion: AllThingsD, Swampland, The Huffington Post, New York Magazine, New York Times, Future of Journalism and Media Decoder

Rick Robinson / Street Fight:

Patch Pitch: 855-Town Gorilla Doles Out Daily Deals — Patch certainly reports the news, but it also seems that often Patch is the news. This is one of those weeks. And not simply because one of their interns recently helped assist an injured pedestrian, and Patch covered it.

Discussion: Media Week, NetNewsCheck Latest, New York Times, LAUNCH, Mixed Media and The Business Insider

Emily Steel / Wall Street Journal:

Patience on AOL Wears Thin — With Turnaround Prospects Looking Far Off, Stock Sinks 26%, Pressuring CEO — AOL Inc. lost a quarter of its market value on Tuesday after reporting a loss and cutting its earnings outlook, sparking concerns about its ability to turn itself around.

Discussion: WebProNews

Zeke Turner / WWD:

Maura Egan to Exit Huffington Post — After almost five months, Huffington Post deputy entertainment editor Maura Egan is leaving the Web site. “I'd like to leave it at that,” she wrote in an email this morning, adding that she hopes to spend the rest of August at the beach in will look into “various possibilities” after that.

Discussion: @rafat and The Business Insider

Joe Brown / Gizmodo:

Gizmodo Officially Not Being Charged in iPhone 4 Case — The District Attorney of San Mateo County is moving forward in the case of the iPhone 4 prototype we posted about last year. Fortunately, nobody from our team is being charged. — Here's our parent company, Gawker Media's official statement on the matter:

Discussion: Media Maverick, Mercury News, AllThingsD, Threat Level, Digital Trends, AppleInsider, TUAW, The Next Web, MacRumors, @glennf, 9to5Mac, everythingiCafe, Between the Lines Blog, Electronista, Boing Boing, The Loop and SAI, more at Techmeme »

Megan Garber / Nieman Journalism Lab:

MoJo's digital ad revenue: up 97 percent over last year — We wrote earlier this year about some optimism-inspiring traffic gains over at Mother Jones: This February — long before Osama bin Laden's death spiked traffic stats for many mags in MoJo's league — the site saw a 420-percent increase in traffic from the previous year.

Discussion: eMedia Vitals

Dan Frommer / The Wire:

Facebook Is Your New Local Newspaper — As we look toward the future of news, it's clear that many huge, national news brands are here to stick around. — But what about local news? Local newspapers, radio stations, and TV affiliates are the ones that could be most easily disrupted by changes in technology and advertising.

Discussion: SAI

Mathew Ingram / GigaOM:

Amazon shows media companies the future of the web — Amazon has released a browser-based version of its Kindle e-book app, called the Kindle Cloud Reader, in what appears to be an attempt to detour around Apple's in-app purchasing requirements. But what the e-book retailer has also done …

Discussion: AllThingsD, Forbes, ZDNet, GalleyCat, CNET News, NetNewsCheck Latest, SiliconFilter, GeekWire and FT Tech Hub, more at Techmeme », Thanks:ohowell

Drew / Fark.com:

Patent-infringement lawsuit against Fark settled for zero dollars. Also, patent trolls suck hairy donkey balls — A lot of you were already aware that Fark was sued by a patent troll back in January. I wanted to share that as of today, after eight months of legal work, that lawsuit was dismissed.

Discussion: Techdirt, TechCrunch, AllThingsD, Fox News and Boing Boing, more at Techmeme »

Edmund Lee / AdAge:

Demand Media Will Sell Web Ads for Village Voice, Awl After $14M IndieClick Buy — Renews and Expands Deal Letting Google Sell Content Company's Inventory — The once much-derided content company Demand Media will soon start selling advertising for Village Voice Media and the mini blog syndicate …

Discussion: Adweek, The New York Observer and paidContent, Thanks:julieanicholson

Kat Stoeffel / The New York Observer:

Alt-'s Not Dead! But Are Downtown Alt-Weeklies Headed for Retirement? — LAST MONTH THE top two editors of The New York Press quit. Nothing new there. Two previous editors had done the same. Except when they quit, they'd done so in dramatic fashion, over journalistic principle or pique.

Discussion: SAI

Jeff Sonderman / Poynter:

How The New York Times' beta620 can move from evolution to news revolution — The New York Times made a big splash Monday with the public unveiling of beta620, a sort of Skunk Works for online news where experimental features for NYTimes.com will be proposed and tested.

Discussion: The Wall Blog

Paul Bradshaw / Online Journalism Blog:

How a musician and a Sikh TV channel dominated coverage of the Birmingham riots — One image from last night guaranteed not to have made it onto the front page - via Birmingham Riots 2011 — It's one thing to cover rioting on the doorstep of the national press - it's quite another …

Discussion: Guardian and Birmingham Riots 2011

Mike Fleming / Deadline.com:

ICM Adds The Atlantic To Newspaper And Magazine Clientele — ICM, which has set up dozens of option deals for its client The New York Times and which just recently started making deals for New York Magazine, this week has signed The Atlantic. The agency will package the magazine's articles for film, TV and online.

Discussion: FishbowlDC