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12:10 PM ET, September 2, 2011

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 Top News: 
The Business Insider:
AOL SPOKESMAN: Mike Arrington Is No Longer Employed By This Company  —  TechCrunch founder and editor Michael Arrington is “not employed by AOL” anymore, AOL Huffington Post spokesperson Mario Ruiz tells us.  —  This clarifies the situation we reported earlier: That TechCrunch founder Mike Arrington …
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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 be 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 …
Dave Winer / Scripting News:
Arrington is the future of what we used to call journalism  —  Interesting but not too surprising how the tech press is spinning the new VC fund being run by Mike Arrington of TechCrunch.  —  There's not any real controversy here, however.  —  1. It's not news.  He's been investing in tech startups for a long time.
Discussion: The Business Insider and The Loop
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.
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Jeff Bercovici / Mixed Media:
Jim Breyer Joins News Corp. Board as Tom Perkins Departs  —  Jim Breyer.  Image via CrunchBase  —  Tom Perkins won't be the one who sees to it that all is set to rights at News Corp. The prominent venture capitalist is giving up his seat on the media conglomerate's board of directors after 15 years …
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 …
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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 …
Felix Salmon:
How journalists deal with economists' ethics  —  Craig Silverman emails with some questions about the proposed economists' code of ethics, which I think is an excellent idea.  He has an interesting angle: how does this affect journalists?  Here are his questions, with my answers. … Absolutely.
Discussion: Future of Journalism
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 …
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Alibaba's Q2 Revenue Nearly Doubles Year Over Year On Road To IPO  —  Just days shy of its IPO, Chinese ecommerce giant Alibaba Group reported Q2 revenue of $2.54 billion, a 46.4% increase over last year, while net income skyrocketed to $1.99 billion.
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5 Days Left to Save on SMX East - Register Now!  —  Early Bird rates for Search Engine Land's SMX East expire this Friday.  Register now and get three days packed with proven tactics and best practices.
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Jane Pratt and Lauren Indvik Nominated for Top Women In Media 2014  —  “Really good content is content that changes not just people's minds, but something in the world, and creates social change in the world.”
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 More News: 
Cary Spivak / American Journalism Review:
Starting Over  —  With its celebrated founder ousted in the wake …
NPR Topics:
As Media Lines ‘Blur,’ We All Become Editors
Ben Popper / Betabeat:
Fashion Week Flameout: Why the Industry Is Erupting at Tumblr and Rich Tong
Maurice Cherry / 10,000 Words:
What Happens When A City Loses Its Newspaper?
Discussion: Free Press
West Side Rag:
ABC NEWS INSTALLS NEWS TICKER ON WEST 66TH, BECAUSE OUR EYES NEED MORE STIMULATION
Sara Horowitz / The Atlantic Online:
The Freelance Surge Is the Industrial Revolution of Our Time
Discussion: Fast Company
Ben Elowitz / AllThingsD:
Are You a Media Company or a Technology Company?
Discussion: eMedia Vitals
 Earlier Picks: 
Paul Balcerak / Lost Remote:
Q&A with Jenni Hogan, Twitter's top local TV journalist
Discussion: TVSpy
Angelique Chrisafis / Guardian:
Sarkozy under pressure after Le Monde claims secret service spied on journalist
Ken Doctor / Nieman Journalism Lab:
The newsonomics of gamification — and civilization
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
 

 
From Techmeme:

John Paczkowski / Re/code:
Apple plans to announce a wearable in September with HealthKit and HomeKit integration

Ryan Lawler / TechCrunch:
Dropbox Beefs Up Its Pro Feature Set, Now Offering 1TB Of Storage For $10/Month

Lizette Chapman / Wall Street Journal:
Jessica Alba's The Honest Co. Raises $70M, Preps for IPO

 
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