Mediagazer: Tom Watson buys News Corp shares and will attend the AGM (Gordon MacMillan/Brand Republic)

Jeremy W. Peters / New York Times:

Murdochs' Infighting Clouds Future of News Corp. — LONDON — It was a striking display of unity: Rupert and James Murdoch, father and son, walking side by side through central London as they faced a crisis that had laid siege to their company. Pushing through a crush of paparazzi on a street …

Discussion: Reuters, New York Magazine, The Huffington Post, Free Press, Company Town, Press Gazette, @brianstelter and @jeffjarvis

Tom Watson buys News Corp shares and will attend the AGM — Labour MP Tom Watson who has done so much to bring the News of the World hacking case into the light and led the fight against Rupert Murdoch's News Corporation has bought shares in in the media giant and plans to head to Los Angeles …

The Independent:

James Murdoch ‘had to sign off hacking payouts over £250,000’ — He has previously told MPs he was not aware of the details behind the Taylor deal — News International's lawyers needed the personal approval of James Murdoch to go beyond an official ceiling of about £250,000 …

Discussion: Guardian

Edmund Lee / Bloomberg:

News Corp. Ignored Aberrant WSJ Data — News Corp. (NWSA), the media company facing an investor uprising over its business practices, was alerted to a plan to inflate circulation at the Wall Street Journal Europe almost a year before the newspaper's publisher resigned, according to a former employee and internal documents.

WSJ Top Editor: Future Fox Business Deal “Not Necessarily” A Sure Thing — The Wall Street Journal has not decided if it will form a partnership with Fox Business similar to the newspaper's current arrangement with CNBC when that deal ends next year, the Journal's top editor tells Media Matters.

Discussion: Talking Biz News and Future of Journalism

Philipp Grontzki / MarketWatch: Dow Jones to launch online German version of WSJ

Kara Swisher / AllThingsD:

What Not to Do in Hong Kong (Trust Me on This One) — How shall I put this as delicately as I am known for: So I went to AsiaD in Hong Kong and all I got was this lousy transient ischemic attack. — First off: I'm doing great, have recovered all functions completely, and have even had a couple of scoops while bedridden.

Discussion: Poynter, The Loop and The Next Web, more at Techmeme »

James Robinson / Guardian:

NI lawyer says he knew its ‘rogue reporter’ defence was wrong — Farrer & Co partner tells MPs he was aware company had misled parliament but did not act because of client confidentiality — A lawyer who acted for News International over phone-hacking claims has told MPs he knew the company …

Robert Andrews / paidContent:

The Economist Bows To Apple Terms As iOS 5 Breaks Its App — The Economist is finally moving to an iPad strategy compliant with Apple's new developer terms, after what it calls “iOS bugs” under the new iOS 5 broke its non-compliant app edition. — The newspaper's debut app appears …

Meagan Fitzpatrick / CBC News:

Internet links not libel, top court rules — Hyperlinking to defamatory material on the internet does not constitute publishing the defamatory material itself, the Supreme Court of Canada ruled Wednesday. — The ruling will alleviate fears that holding someone liable for how they use hyperlinks …

Liz Gannes / AllThingsD:

The Company Behind WordPress Invests in Newspaper Toolmaker OwnLocal — The open source blogging start-up Automattic has made its first investment, leading a round of funding in Austin, Texas-based OwnLocal, which offers tools for newspapers to help local businesses with their Web presence.

Discussion: VentureBeat, GigaOM and VatorNews

Keach Hagey / On Media's Blog:

POLITICO, Random House launch online bookstore — POLITICO has taken its second step into the book business today with the launch of an online bookstore, in partnership with Random House, of political books curated by POLITICO's editors. — “POLITICO Bookshelf” will be operated …

Discussion: paidContent

James Rainey / Los Angeles Times:

On the Media: Gary E. Knell wants to ‘retell’ the NPR story — The incoming president of the public radio network plans to make the case to Congress for its value. — Big Bird, Elmo and their pals made huggable toys and helped turn “Sesame Street” into a durable worldwide brand.

Discussion: Poynter

Michael Learmonth / AdAge:

In Web TV Service, A Glimpse of the Future — RadixTV Is Designed Not to Disrupt Cable, At Least Not Today — Live TV, distributed over the web: The very idea is disruptive to the cable and satellite companies that have spent billions laying cable and launching satellites.

Julie Moos / Poynter:

Amanda Michel joins Guardian's US operation — Huffington Post and ProPublica vet Amanda Michel is taking her community engagement skills to the Guardian's new U.S. operation. Michel, a member of Poynter's National Advisory Board, will be the site's Open Editor there, working on collaboration, transparency and crowdsourcing.

Discussion: ProPublica

Discussion: @jayrosen_nyu

Baltimore City Paper:

From Russia, With Laziness — The following is an actual e-mail received by City Paper last week.

Josh Halliday / Guardian:

Libel reform: juries should be dropped for most trials, says committee — Parliamentary group backs measures to curb online defamation and make it more difficult for big corporations to sue newspapers — Libel trials by jury should be abolished for all but exceptional cases involving public figures …

Discussion: Press Gazette and Journalism.co.uk

Matt Brian / The Next Web:

Amazon signs licensing deal with PBS, how has 12,000 Prime Instant Video titles — BREAK THE NEWS! — Amazon has today announced another licensing agreement with US television network PBS, seeing its current and archived programming made available to Amazon Prime subscribers to stream via the company's Instant Video service.

Steve Myers / Poynter:

Dallas Morning News publisher: No plans to discontinue printing daily — Earlier today I reported that Mark Medici, vice president for audience at The Dallas Morning News, said Monday during a session at the Inland Press Association conference that the newspaper won't be printed seven days a week in three years.

Discussion: @aenglish09 and Poynter

Sunny Freeman / Winnipeg Free Press:

Glacier Media to acquire B.C. papers from Postmedia for $86.5 million — Glacier Media Inc. (TSX:GVC) says it will buy the Victoria Times Colonist and other daily and community papers in British Columbia, continuing a recent wave of deals in the Canadian newspaper industry.

Discussion: Adweek and Guardian

Laura Hazard Owen / paidContent:

Book Site For Twentysomethings Aims To Fill A Gap — The 18- to 34-year-old demographic, long sought by advertisers and TV shows, is now in the sights of a new website, Book Riot, which aims to bring a funny, irreverent take on literature to what it believes is an underserved group of readers.

Discussion: The New York Observer and BOOK RIOT

Jack Shenker / Guardian:

Jailed Egyptian blogger on hunger strike says ‘he is ready to die’ — Maikel Nabil Sanad declares he would prefer suicide to being tried by military junta for criticising the army in his blog — An Egyptian blogger jailed for criticising the country's military junta has declared himself ready to die …

Robin J Phillips / BusinessJournalism.org …:

Pew: Economy fills 24% of the week's newshole; Occupy Wall Street, 9% — A TV crew covering the Occupy Wall Street protests waits to go on the air Oct. 14, 2011. Photo by Flickr user Several seconds — The U.S. economy led the news topics last week, powered in large part by stories …

Discussion: Forbes, Mediaite, Erik Wemple, Gawker, rbr.com, Journalism.org, Future of Journalism and Talking Biz News

Mark Sweney / Guardian:

BSkyB profits rise despite slowdown in subscriber growth — Satellite broadcaster's bottom line boosted by cross-selling and payout from News Corp for breaking off takeover deal — BSkyB has reported a 33% increase in pre-tax profits to £307m in the three months to the end of September …

Discussion: Media Week

Leena Rao / TechCrunch:

Yahoo Q3 Revenue Down 5 Percent To $1.07B; Net Income Down 26 Percent To $293M — Yahoo reported third quarter earnings today. Revenue excluding traffic acquisition costs ("revenue ex-TAC") was $1.072 billion for the third quarter of 2011, a 5 percent decrease from the third quarter of 2010.

Discussion: Business Wire, Softpedia News, CNET News, Forbes, ZDNet, VentureBeat, PC Magazine, paidContent and Between the Lines Blog, more at Techmeme »

Stuart Hughes / BBC College of Journalism Blog:

Reaching breaking point: journalism and trauma — Journalists at Norway's largest tabloid newspaper, VG (Verdens Gang), didn't have to imagine the trauma of the explosion which rocked central Oslo on the afternoon of 22 July 2011. — It happened right outside their office.

Emily Witt / The New York Observer:

Man Booker Prize Goes to Julian Barnes — Barnes. — After being named to the shortlist three times before, Julian Barnes has finally won this year's prize for his book The Sense of an Ending. — The Man Booker Prize, Britain's most prestigious literary award, has suffered this year …

Discussion: BBC, The Book Bench and WWD Media Headlines