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11:15 AM ET, September 2, 2011

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Dan Primack / Fortune:
CrunchFund confusion  —  If Michael Arrington is leaving TechCrunch, what does that mean for the investors in CrunchFund?  —  Yesterday we were first to report that tech blogger Michael Arrington has launched a $20 million venture capital fund, which is being backed by AOL (AOL) and a group of Silicon Valley's top VC firms.
Peter Kafka / AllThingsD:
Mike Arrington, AOL Employee, Won't Have “Influence on Coverage,” Says AOL  —  You thought a story about Mike Arrington would clean and easy?  Ha.  —  So here's the latest (for those just tuning in, we'll do back story later - who said the inverted triangle was dead?):
Dan Primack / Fortune:
Michael Arrington launching venture fund  —  America's most powerful tech blogger is taking a major step into the world of venture capital.  —  Michael Arrington, founder and co-editor of TechCrunch, is raising a venture capital fund to invest in early-stage technology companies, Fortune has learned.
Nicholas Carlson / The Business Insider:
AOL Is Replacing Michael Arrington At TechCrunch - He'll Still Write  —  Now that Michael Arrington has started a venture capital fund, AOL is conducting an external and internal search to replace him.  —  Arrington will continue to write for AOL's technology blog, TechCrunch, but he will …
Felix Gillette / Business Week:
Matthew Freud Will See You Now  —  If the PR whiz can steer himself and his wife, Elisabeth Murdoch, through the News Corp. scandal, he could emerge as a central force in the empire  —  In the night of July 2, Elisabeth Murdoch and her husband, Matthew Freud, threw a party at their country estate on the outskirts of London.
RELATED:
Reuters:
Insight: Murdoch's tough guy Carlucci under pressure  —  (Reuters) - Paul Carlucci's name doesn't appear on any public list of News Corp's power players.  As CEO of News America Marketing and publisher of the New York Post, he is the most influential executive you've never heard of inside Rupert Murdoch's empire.
Ben Fritz / Company Town:
Netflix offered $300 million-plus, but Starz wanted higher consumer prices  —  Starz didn't just want Netflix to pay more money for its content.  It wanted Netflix consumers to pay more too.  —  Netflix offered Starz more than $300 million per year to renew their agreement …
RELATED:
Shira Ovide / Deal Journal:
Netflix Stock Sinks as Starz Ends Deal Talks
Mathew Ingram / GigaOM:
It's not just nice for media to be social — it's imperative  —  By now, plenty of people have written about the need for traditional media entities to embrace social media as a way to engage with their readers, or what journalism professor Jay Rosen has called “the people formerly known as the audience.”
MediaShift Idea Lab:
Journalists Should Join Google+ to Understand What Comes Next  —  This month's Carnival of Journalism, a site that I've organized where bloggers can convene to all write about the same topic, was hosted by Kathy Gill, a social media consultant and senior lecturer at the University of Washington …
Discussion: eMedia Vitals
Rachel McAthy / Journalism.co.uk:
Reporters Without Borders suspends WikiLeaks mirror site  —  Press freedom group temporarily suspends mirror site following WikiLeaks' publication of its entire cache of unredacted US embassy cables  —  Press freedom group Reporters Without Borders (RSF) has temporarily suspended …
Amy Gahran / Knight Digital Media Center All-Site Feed:
Why the “scoop” mentality is bad for news  —  “The scoop” has long been a hallmark of news culture.  However, being first on a story usually matters far more to journalists than it does to anyone else.  —  Scoops can be great, but prizing them blindly skews the priorities of a news organization badly …
The Politico:
Washington Post to close all but two local bureaus  —  The Washington Post is closing all of its local bureaus except two, in the state capitals of Virginia and Maryland, according to a note posted on the Post Guild website.  —  “As some of you have probably heard already …
RELATED:
West Side Rag:
ABC NEWS INSTALLS NEWS TICKER ON WEST 66TH, BECAUSE OUR EYES NEED MORE STIMULATION  —  In case your retinas aren't burning from all the news, ads, tweets, emails, texts, and facebook updates that flash before your eyes all day, ABC News just installed a wraparound news ticker on the company's offices at 66th Street and Columbus Avenue.
Maurice Cherry / 10,000 Words:
What Happens When A City Loses Its Newspaper?  —  On November 2, Oakland will join the ranks of Denver, Tuscon, Cincinnati and Seattle as a large metropolitan city that has lost at least one daily newspaper.  According to the official blog of the John S.  & James L. Knight Foundation …
Discussion: Free Press
Tim Currie / Nieman Journalism Lab:
Chats don't have to be online: A newspaper finds success with its downtown news cafe  —  Not long ago, the Winnipeg Free Press's social media editor hosted an online chat from her desk at the paper's downtown news cafe.  She had done it many times in recent months but something unexpected happened.
 
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Sara Horowitz / The Atlantic Online:
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Ben Elowitz / AllThingsD:
Are You a Media Company or a Technology Company?
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Ken Doctor / Nieman Journalism Lab:
The newsonomics of gamification — and civilization
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David B. Wilkerson / MarketWatch:
Newspaper ad spending down 7% in 2Q
Discussion: Poynter, rbr.com and FishbowlNY
Zachary M. Seward / Speakeasy:
When It Rains, It Pours: Yes, August Really Was a Huge News Month
Lisa O'Carroll / Guardian:
Murdoch daily angers Australian government
Jeff Bercovici / Mixed Media:
Huffington Is a Power That Is, Says Vanity Fair
Laura Hazard Owen / paidContent:
Not Just Random House: Over 20 Percent Of Hachette's Sales Are E-Books, Too
Discussion: TeleRead
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Taking Readers for a Ride
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From Techmeme:

MacKenzie Sigalos / CNBC:
Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% to $2.25B, Cash App gross profit up 21% to $1.31B; SQ drops 6%+ after hours

Devindra Hardawar / Engadget:
Mac mini (2024) review: incredibly fast with the M4 Pro, well-equipped for creative work, and smaller design takes less space, but spec upgrades are overpriced

Ashley Capoot / CNBC:
Airbnb reports Q3 revenue up 10% YoY to $3.73B, vs. $3.72B est., and Nights and Experiences Booked up 8% to 122.8M, vs. 121.4M est.; ABNB jumps 5%+ after hours
 
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