Mediagazer: Tribune bonus plan OKd by bankruptcy judge (Lynne Marek/Chicago Business)

A CNN Business reporter, Alison Kosik, summarizes what she thinks the purpose of Occupy Wall Street is. — Here is her Twitter post. — UPDATE: Kosik deleted her tweet. That's the kind of confidence she had in her observation, I guess. The New York City police are fairly visible at Occupy Wall Street.

Discussion: The Huffington Post, New York Magazine and Business Insider

Tribune bonus plan OKd by bankruptcy judge — (Crain's) — The judge in Tribune Co.'s bankruptcy approved a management incentive plan that will pay bonuses of as much as $42.5 million to 640 employees. — “I think it's entirely reasonable to order this relief in these uncertain times,” …

Discussion: Poynter and FishbowlLA

Daniel de Vise / Washington Post:

What if the rankers ranked newspapers? — Here we are in the middle of ranking season. The signature U.S. News & World Report rankings came out last month, and the Times Higher Education global university rankings are due later this week. — Lots of people rank colleges these days, and most of the rankers are in the news business.

Discussion: Poynter

Charles Riley / CNNMoney:
Buffett challenges Murdoch on tax returns

Discussion: The New York Observer, The Huffington Post, Fortune, Kempton, Business Insider, Mediaite, New York Magazine and Business Insider

Nick Denton / @nicknotned:

Gawker Media monthly pageviews hit 510m — but four days too late for my bet with @fimoculous. Argh! http://t.co/ELhYVdGA

Frazier Moore / The Huffington Post:

Roger Ailes: I Hired Sarah Palin Because She Was ‘Hot And Got Ratings’ — NEW YORK — As the most powerful man in the universe, or one of them anyway, Roger Ailes can look back on the first 15 years of his crowning achievement, Fox News Channel, with satisfaction. And he does.

Discussion: Gawker, Business Insider and New York Magazine

Nina Burleigh / Guardian:

Amanda Knox, Meredith Kercher and the media | Nina Burleigh — The Italian media, cowed, lazy and compliant, allowed a bullying prosecutor to frame Knox and Sollecito for the Kercher murder — As an American journalist covering the Knox case for 10 months in Italy, I was surprised by a number of things.

Discussion: Poynter, New York Times, Seattle Times, Guardian, newsfeed.time.com, The Week and Telegraph

Discussion: Seattle Times, Law Blog, NY Daily News and The Huffington Post

Brian Stelter / Media Decoder:

Hulu To Stream Univision Shows — The popular streaming video Web site Hulu is adding Spanish language television shows for the first time. — In a deal to be announced on Wednesday and to be implemented later this year, Hulu will have a selection of telenovelas and other shows from Univision …

Discussion: @brianstelter and @brianstelter

John Koblin / WWD:

Publishers: Tablet Business Is Picking Up — TABLET TALK: All these months later, with some decent subscription numbers and a possible antidote to the iPad in the Kindle Fire, publishers are beginning to find a business out of tablets. On a panel Tuesday morning at the American Magazine Conference …

Discussion: Poynter and FishbowlNY

Rebecca Shapiro / The Huffington Post:

Reporter Claims White House Officials Screamed And Cursed At Her Over Story — A reporter for CBS claimed that White House and Department of Justice officials screamed and cursed at her due to a story she was pursuing about a controversial DOJ program. — Sharyl Attkisson …

Discussion: Business Insider, Weekly Standard and mediabistro.com

Ryan Tate / Gawker:

The iPhone 5 Failboard: How Everyone Got It Wrong — A great many Apple fans are hot and bothered that no iPhone 5 emerged today to fill the void in their souls. But you know who should really feel dejected? All the tech bloggers who wasted time typing bold proclamations about new features, designs and phones that never came.

Discussion: Forbes, Erik Wemple, VentureBeat, Crikey, Business Insider, CNET News, Apple, Digits, Ars Technica, ZDNet, Wall Street Journal, International Business Times, Cult of Mac, Globe and Mail, This is my next, BGR and ReadWriteWeb, more at Techmeme »

Lucia Moses / Adweek:

‘Spin’ Magazine Going Bimonthly — Spin is making the move from monthly to bimonthly—it will publish only six issues next year, down from 11 this year, Adweek has learned. The magazine also plans to cut its rate base to 350,000 from 450,000, an acknowledgment that the Web is replacing print for its mainly young, male readership.

Discussion: Poynter and Media Decoder

James Taranto / Wall Street Journal:

The Gray Lady's True Colors — The proof of the pudding is in the tweeting. — Some readers thought we were too generous to Kate Zernike of the New York Times last January. Zernike had come under attack for a story titled “Bloodshed Puts New Focus on Vitriol in Politics,” …

Discussion: Capital New York and ourfuture.org/blogs_chrono/*

Mallary Jean Tenore / Poynter:

35 years ago today, Barbara Walters became highest paid journalist — On October 4, 1976, Barbara Walters became the first female co-anchor of an evening newscast. Walters started her career as a writer for CBS News and then joined NBC's “Today Show” in 1961.

Discussion: ABCNEWS and TVNewser

The Independent:

Hugh Grant: ‘The phone-hacking scandal has only just scratched surface’ — The actor tells Oliver Wright there's worse to come on politicians, police and the press — Corrupt policemen tipped off journalists about celebrity victims of crime before other officers had time to respond …

Discussion: Mediaite, Deadline.com, Guardian and Jon Slattery

Josh Halliday / Guardian:

BBC news chief seeks government action over Iranian ‘intimidation’ — Peter Horrocks says Tehran has intensified blocking of Persian TV channel, and arrested staff's relatives and friends — The BBC's head of global news has called on the UK government to rebuke Iran after relatives of 10 …

Discussion: BBC, Journalism.co.uk and The Lede

Roy Greenslade / Guardian:

NI faces more than 60 phone-hacking claims — Father of Josie Russell, who survived murder attempt, Sara Payne and 7/7 hero Paul Dadge among 13 new writs this week — The father of Josie Russell, the girl who survived a hammer attack in which her mother and sister were killed …

Discussion: Guardian

Richard Sandomir / New York Times:

The NFL Network and Time Warner Continue to Spar — Karen Waldkirch, a freelance writer in Wauwatosa, Wis., owns shares in the Green Bay Packers and buys season tickets to their games at Lambeau Field. — Yet if she wants to satisfy her hunger for news about the Packers on the NFL Network, she cannot.

Discussion: Company Town

Peter Velz / splc.org:

SPLC, student journalist sue Kan. community college over public records fees — College wants $24,000 to fill request — KANSAS — The Student Press Law Center and a college journalist filed a lawsuit Tuesday against Johnson County Community College in Kansas for excessive fees to release open records …

Leena Rao / TechCrunch:

Twitter Now Has 1,600 Advertisers — Twitter's Chief Revenue Officer Adam Bain took the stage at IAB's Mixx Conference today and revealed a few milestones for the communications platform, specifically in the advertising area. Bain said that Twitter now has 1,600 advertisers using the platform …

Discussion: Noted, Softpedia News, eMedia Vitals, NetNewsCheck Latest and FM Blog

Jack Neff / AdAge:

As Devices and Distribution Compete, Content Enjoys Renaissance — With Challengers to Apple, Netflix and Hulu, Emerging Media Creators Are in the Catbird Seat — Anyone still doubt content is king? Take a look at the power content owners once again hold as Amazon introduces viable competition to Apple's walled fiefdom.

Discussion: Online Video News

Liliane Landor / BBC:

Talking to Haqqani: How it was done — How and why would you interview a key leader of one of Afghanistan's most feared anti-Western militant groups? — The Haqqani network has been blamed for a series of recent deadly attacks in its home country. — So its leaders' thoughts and motivations …

Frances Martel / Mediaite:

Jon Stewart Defends Hank Williams, Jr. From ESPN Censors: ‘Have You Met Him?’ — Football/country personality Hank Williams, Jr. may have gotten himself kicked off of his regular stint singing about football on Monday Night Football, at least for now, but while his comments didn't find much support …

Ben Fenton / @BenFenton:

BBC to cut more than 2,000 jobs, but no services will close, in DQF tomorrow.

Andrew Pugh / Press Gazette:

Huffington Post steps up UK recruitment — Huffington Post UK has appointed new editors for its media and business sections as it presses ahead with its UK expansion. — Former head of content at metro.co.uk Stephen Hull has joined the website as media editor and Peter Guest has been appointed business editor.

Amanda Natividad / paidContent:

Industry Moves: Bravo Digital; Bookish; CCC; FRWD —Bravo Digital Media Suejin Yang has been named VP of Bravo Digital Media. She'll manage strategic development, content, operations and new business opportunities for BravoTV.com and report to Lisa Hsia, EVP of Bravo Digital.

Discussion: paidContent:UK

Associated Press:

Analyst says NYT to outperform newspaper peers — LOS ANGELES — Shares of The New York Times Co. should outperform those of its newspaper peers because the company is less exposed to declining ad revenue from retailers such as department stores and electronics shops, an analyst said Tuesday.

Sophie Schillaci / Hollywood Reporter:

Andy Rooney's Final Broadcast Draws Largest October Audience Since 2007 — “60 Minutes” ranked No. 4 for the week with 17.11 million viewers. — Andy Rooney left 60 Minutes with a bang on Sunday, drawing the largest October audience for the CBS newsmagazine in four years.