Mediagazer: If YouTube Is Doing $1.6 Billion a Year, Why Does It Need Hollywood? (Peter Kafka/AllThingsD)

5:00 AM ET, November 6, 2011

Top News:

Andy Rooney dead at 92 — Andy Rooney, the “60 Minutes” commentator known to generations for his wry, humorous and contentious television essays - a unique genre he is credited with inventing - died Friday night in a hospital in New York City of complications following minor surgery.

Julie Moos / Poynter:

‘60 Minutes’ mainstay Andy Rooney dies at 92, a month after retirement — Andrew Aitken Rooney started working at CBS in 1949 as a writer. He left the network briefly in the early 1970s but returned in '73. He first appeared on “60 Minutes” in 1977 and became a regular in 1978 …

Discussion: Mixed Media, The Wrap, Speakeasy, Mediaite, rbr.com, mnilive.com, TVNewser, Kempton, Forbes, Broadcasting & Cable, Multichannel, FishbowlNY, Gawker, TVSpy, TVNewser and Mediaite

Arthur Sulzberger / Charlie Beckett:

The continuing digital transformation of the New York Times — The chairman of the New York Times Arthur Sulzberger gave a talk at Polis LSE on the continuing digital transformation of the New York Times on November 1st. — Here is the text. — New York Times' interactivity — Good afternoon everyone.

Discussion: The Evolving Newsroom, Talking Biz News and Future of Journalism

Daniel Boffey / Guardian:

Murdoch gave loyal lieutenant Rebekah Brooks £1.7m pay-off, car and office — News International chairman may face questions in Commons over generous severance deal despite phone-hacking scandal — Rebekah Brooks, the former News of the World editor who resigned as chief executive …

Tom Fiedler / CommonWealth Magazine:

What happens when a community loses its newspaper? — In Holyoke, residents still mourn the loss of the T-T nearly 20 years later — Holyoke City Hall, looking up Dwight Street — FOR DAYS, HUNDREDS of callers speaking in the hushed tones more commonly reserved for funeral parlors …

Discussion: Future of Journalism

Peter Kafka / AllThingsD:

If YouTube Is Doing $1.6 Billion a Year, Why Does It Need Hollywood? — Google refuses to hand out any details about YouTube's financial performance, but Wall Street keeps on guesstimating. Here's a new one: The world's biggest video site will generate $1.6 billion in revenue this year, says Barclays Capital Anthony DiClemente.

Discussion: Future of Journalism

Gabriel Sherman / New York Magazine:

Elisabeth of the Murdochs — With her husband and privy counselor, Matthew Freud, the Murdochs' prodigal daughter is trying to finally get her due. — Elisabeth Murdoch has always had to fight for her father's attention, never easy in a family that was focused on the sons.

Discussion: Vanity Fair, Guardian and Business Insider

The Huffington Post:

Matthew VanDyke, American Journalist Who Joined Libyan Rebels Returning To US — LINTHICUM, Md. — An American writer is returning home Saturday after spending more than five months in solitary confinement in Libyan prisons, then joining the rebel forces who opposed dictator Moammar Gadhafi.

Mathew Ingram / GigaOM:

Kindle lending: Book publishers still not getting it — The big six book publishers are already behind the eight ball when it comes to the digital disruption of their business: Amazon, for example, is not only helping writers distribute their books without needing a publisher at all …

Discussion: O'Reilly Radar, paidContent, Jacket Copy and Fortune

David Kaplan / paidContent:

@ pcE11: CBS' Lanzone: If You Want Our Content, You'll Have To Pay—A Lot — CBS (NYSE: CBS) has taken what Jim Lanzone, president of CBS Interactive, calls “a pragmatic path” in terms of distributing streamed videos of its programming and library. In a conversation with our Staci D. Kramer …

Janko Roettgers / GigaOM:

Exclusive: majority of YouTube views from non-English audience — Talk about a truly global audience: Sixty percent of all video views on YouTube come from users who select a language other than English as the site's display language, a Google spokesperson told us on Thursday afternoon.

Discussion: SocialTimes.com and Free Press

Ingrid Lunden / paidContent:

TVGuide.com-paidContent Survey Shows Big Spike In Online, Time-Shifted TV — Consumers are watching more TV today than ever before, but that increased consumption is rapidly changing with the times. According to a new survey from TVGuide.com and paidContent, a good part of the growth in TV usage …

Discussion: ChasNote