Mediagazer: The Observer's Next Target: Chinese Tourists (Dylan Byers/Adweek)

2:55 AM ET, November 3, 2011

Top News:

Sarah Ellison / Vanity Fair:

Murdoch Clan Met with Family Therapist to Discuss News Corp.'s Future — New York, N.Y.— Vanity Fair contributing editor Sarah Ellison reports that “The [Murdoch] siblings had been in family counseling with a psychologist over the issue of succession” since before last February.

Discussion: The Huffington Post, New York Magazine and Reuters

Ingrid Lunden / paidContent:

News Corp.: Revenues Up But Net Income Down On UK Charges, Failed BSkyB Bid — No news yet on what might be happening with executive succession at News Corp. (NSDQ: NWS) but the company today reported a seven percent growth in revenue for Q1 to nearly $8 billion.

Discussion: Guardian, Adweek, Multichannel, rbr.com, Company Town, Media Money …, MediaPost and Broadcasting & Cable

Jeff Bercovici / Mixed Media:
News Corp. COO: James Murdoch Has Done a Good Job

Discussion: Future of Journalism, Capital New York and The Huffington Post

Kara Swisher / AllThingsD:

Yahoo's Product Runway: Are You In or Out? — I am here at Yahoo HQ in Sunnyvale, Calif., to check out “Product Runway,” which is the Silicon Valley Internet giant's attempt to show that it can still innovate. — First and foremost is the launch of Livestand, a personalized news reader …

Discussion: Forbes, ZDNet, Adweek and mocoNews, more at Techmeme »

Colleen Taylor / GigaOM:

Yahoo's IntoNow comes to the iPad with more social perks — Fully 88 percent of people who own tablets such as the iPad say they use them at the same time that they're watching TV, according to research released last month by Nielsen. Now Yahoo is keen to make the most out of that trend.

Discussion: Future of Journalism, Electronista, MacStories, Lost Remote, VentureBeat and Forbes, more at Techmeme »

Ben Parr / Mashable!:
HANDS ON: Does Yahoo's Livestand Stand Up to Flipboard? [PICS]

Discussion: Yahoo! Advertising Blog, Epicenter and VentureBeat, more at Techmeme »

Jeff Bercovici / Forbes:

The One Question You Should Never Ask Chris Matthews — Chris Matthews reading a passage from his new book about John F. Kennedy — Be it known: Chris Matthews does not use a ghostwriter. The “Hardball” host does all his own writing, and he resents the idea that anyone would ever think otherwise.

Discussion: Poynter, Mediaite and TVNewser

Anthony Crupi / Adweek:

Cable Unit Props Up Ailing NBC — NBCUniversal's cable networks once again saved the day at 30 Rock, as the stable of popular channels took in $803 million in third-quarter ad sales revenue, up 10 percent versus the year-ago period. — The cable programming group, which includes top-rated USA Network …

Discussion: rbr.com, AdAge and The Wrap

Tim Molloy / The Wrap:
Comcast Earnings Up 5% as Fewer Cancel Cable; NBCU Results Mixed

Discussion: WWD Media Headlines, GigaOM, Home Media Magazine, MediaPost, Company Town and Forbes

Jeff Sonderman / Poynter:

Will a name change help the St. Pete Times the way it did the South Florida Sun-Sentinel? — The St. Petersburg Times is trading in the name that bears its storied past for a new one targeting the future, Chairman and CEO Paul Tash said in an interview Tuesday.

Discussion: Future of Journalism, bizjournals and Garcia Media

Ryan Lawler / GigaOM:

Time Warner's Bewkes: Netflix actually helps us — In the past, Time Warner Chairman and CEO Jeff Bewkes might have been critical of Netflix's ability to compete with traditional TV networks. But he has softened his tone lately, talking up the additional value that subscription video-on-demand services …

Discussion: Media Decoder, Home Media Magazine and The Huffington Post

Associated Press: Harry Potter Helps Time Warner Profit

Laura Hazard Owen / paidContent:

Fewer Buyers Than Expected For Philadelphia Newspaper Tablets — In September, the Philadelphia Media Network—parent company of the Philadelphia Inquirer, Philadelphia Daily News and Philly.com—announced a special offer: The first 5,000 subscribers to its new newspaper apps would have the chance to buy a discounted Android tablet.

Discussion: TabTimes

David Gelles / Financial Times:

AOL chief plays down Yahoo takeover — Tim Armstrong, chief executive of AOL, sought to quell speculation that his company might be bought by Yahoo, again playing down prospects of a long-rumoured tie-up between two troubled internet icons. — “Yahoo has their own business to worry about.

Peter Kafka / AllThingsD:
AOL Beats Estimates, Posts Another Ad Sales Increase. But About Those Domestic Numbers ...

Discussion: AdExchanger.com, Media Money …, Media & Entertainment, Reuters, Adweek, Erik Wemple, VentureBeat, AdAge, Digits, TechCrunch and Forbes

David Kaplan / paidContent:
AOL's Armstrong: ‘Benefits Are Coming Into View’

Discussion: AllThingsD and Wall Street Journal

Julie Hoogland / MLive.com:

New company, MLive Media Group, formed to carry Booth Newspapers and MLive.com into next era of news media — One of Michigan's largest media companies is restructuring into a digital-first company that its president says will better serve the needs of consumers and advertisers in Michigan.

Discussion: Poynter and freefromeditors

Dylan Byers / Adweek:

The Observer's Next Target: Chinese Tourists — Since Jared Kushner bought the Observer Media Group in 2006, the business has focused heavily on generating advertorial supplements and ad-heavy verticals—from NYO Magazine, NYO Home, and NYO Tennis to Luxury Rentals, Observer Philanthropy, and The Observer's Hamptons.

Discussion: Future of Journalism

Edward Wyatt / Media Decoder:

Court Rules Against F.C.C. Fine in Janet Jackson Case — WASHINGTON — A federal appeals court on Wednesday again threw out a $550,000 fine against CBS by the Federal Communications Commission for Janet Jackson's “wardrobe malfunction” during the 2004 Super Bowl halftime show.

Discussion: The Wrap, Media & Entertainment, rbr.com, Gawker, Adweek, Broadcasting & Cable and Hillicon Valley

Alex Weprin / TVNewser:

Meghan McCain: MSNBC Contributor — It looks as though MSNBC has signed up a familiar new contributor. Via Johnny Dollar comes news that Meghan McCain, the daughter of Senator and former GOP Presidential candidate John McCain, has inked a deal with the network.

Discussion: The Huffington Post

Keith J. Kelly / New York Post:

Indestructible Chucky now No. 2 at Daily News — Arthur “Chucky” Browne moved back into the Daily News newsroom this week as the deputy editor. — Officially, that makes him the No. 2 man, behind just Editor-in-Chief Kevin Convey, the Boston Herald import who has been at the helm for just over a year now.

Eric Jackson / TheStreet.com:

Yahoo!: Digging Into So-Called Scoops — Along with the broader market, Yahoo!(YHOO_) has been sacked this week. More on YHOO Law Firm Brower Piven Announces Investigation Of Interclick, Inc. AOL's Spike a Product of Relief Ryan & Maniskas, LLP Announces Investigation Of InterCLICK, Inc. Market Activity Microsoft Corporation|

Discussion: Poynter and Business Insider

Dylan Stableford / Yahoo! News:
Yahoo News hires David Chalian as Washington bureau chief

Discussion: Adweek, Wall Street Journal and The Next Web

Nancy Messieh / The Next Web: Yahoo and BBC team up to bring more Arabic content to the web

Robert Booth / Guardian:

Julian Assange loses appeal against extradition — High court judges rule the WikiLeaks founder should face accusations of rape in Sweden — The WikiLeaks founder, Julian Assange, has lost his high court appeal against extradition to Sweden to face rape allegations.