Mediagazer: Facebook wants to rewire the way the world works (Mathew Ingram/GigaOM)

7:05 AM ET, February 2, 2012

Top News:

Mathew Ingram / GigaOM:

Facebook wants to rewire the way the world works — There's a lot to take in when it comes to the much-anticipated Facebook IPO filing — the company's massive user base of 845 million (more than half of whom log on at least once a day), the $1 billion in net income it made last year, the almost $4 billion in revenue, and so on.

Discussion: Media News, DealBook, CNET, Future of Journalism, New York Times, Forbes, Mashable!, memeburn, Financial Times, Fast Company, eMedia Vitals and ZDNet, more at Techmeme »

Ryan Chittum / CJR:

The Old-School Value of Facebook — The New York Times's curtain-raiser on the Facebook IPO this morning asks, “Personal Data's Value? Facebook Is Set to Find Out.” — But is that really what Facebook is set to find out? The Times says about all this private data …

David Benoit / Deal Journal:

Netflix & Wash Post Bought $8M Combined In Facebook Ads Last Year — It's not just Zynga that's creating revenues for Facebook. The social network's getting a good dose of advertising revenue from the combined duo of the Washington Post and Netflix. — According to the filing …

Wired.com:

Facebook's $5 Billion IPO: The Next Google? Or The Next Groupon? — Facebook is finally going public. — On Wednesday, Facebook filed the prospectus for its initial public offering. The social giant seeks to raise $5 billion in initial funding. That's in line with some of the largest IPOs …

Discussion: PC Magazine and Guardian, more at Techmeme »

Zach Carter / The Huffington Post:

‘Gasland’ Journalists Arrested At Hearing By Order Of House Republicans — In a stunning break with First Amendment policy on Capitol Hill, House Republicans directed Capitol Hill police to detain a highly regarded documentary crew that was attempting to film a Wednesday hearing on a controversial natural gas procurement practice.

Discussion: Politico, The Politico, AlterNet.org, FishbowlDC, Mediaite and The Newspaper Guild

Talia Buford / Politico:

Josh Fox arrested at hearing — Photo courtesy of the office of Rep. Paul Tonko — Oscar-nominated documentary filmmaker Josh Fox was arrested Wednesday morning after attempting to film a House Science Committee hearing on hydraulic fracturing. — Fox was led out in handcuffs …

Discussion: Mediaite

Joe Pompeo / Capital New York:
Times and 12 other news organizations write another letter to the NYPD, calling for answers …

Discussion: Media News, The Atlantic Wire, Gothamist and Future of Journalism

Steven Greenhouse / Media Decoder:

Former Intern Sues Hearst Over Unpaid Work and Hopes to Create a Class Action — 5:23 p.m. | Updated A former unpaid intern for the fashion magazine Harper's Bazaar filed a lawsuit on Wednesday, accusing its parent company, the Hearst Corporation, of violating federal and state wage …

Discussion: paidContent, Media Decoder, The Atlantic Wire, Melville House Books, PR Newswire, @cjr, @cjr, FishbowlNY and JIMROMENESKO.COM

Steve Myers / Poynter:

Former Harper's Bazaar intern suing Hearst may want to rethink career goal — Xuedan Wang, former “Head Accessories Intern” at Harper's Bazaar, has sued Hearst Corp. for not paying her to work as an intern. The Times reports that she interned at the magazine for a year until December, working 40 to 55 hours a week.

Martin Evans / Telegraph:

Police investiagating allegations of email hacking at The Times — The Metropolitan Police are investigating allegations of email hacking at the Times Newspaper, sources have revealed. — It is understood the investigation relates to claims that a former reporter at the Murdoch owned newspaper hacked …

Discussion: @tom_watson, New York Times, Guardian and Daily Mail

Brian Stelter / Media Decoder:

Wall Street Journal Co-Anchor to Move to CNBC — Kelly Evans, who became a video star at a place not known for that sort of thing, The Wall Street Journal, is moving to the television network CNBC. — Ms. Evans will be an on-air reporter for the network, the CNBC senior vice president Nik Deogun …

Discussion: TVNewser, Talking Biz News, Deadline.com, Inside Cable News and Wall Street Journal

Felicia Pride / FishbowlNY:
Wall Street Journal Launches YouTube Channel and New Lifestyle Show ‘Off Duty’

Discussion: Media Buyer Planner, btobonline.com, 10,000 Words, WatchingTV Online and GalleyCat

Brian Stelter / New York Times:

Tumblr Hires Writers to Cover Itself — The popular social blogging site Tumblr is hiring writers and editors to cover the world of Tumblr. — Chris Mohney, a senior vice president for content at BlackBook Media, will be the site's editor in chief. Jessica Bennett, a senior writer …

Discussion: Fast Company and eMedia Vitals

Jeanine Poggi / AdAge:

Is Netflix Kids' Streaming Part of Nickelodeon's Ratings Drop? — Netflix Users Streamed 2 Billion Hours in the Fourth Quarter — Netflix is adamant that its streaming service will not cannibalize the cable industry, but Nickelodeon's recent ratings decline may provide the first suggestion …

Robert Booth / Guardian:

Julian Assange extradition breaches legal principle, lawyer claims — First day of hearing into extradition of WikiLeaks founder to Sweden centres on issue of Swedish prosecutor's impartiality — The arrest warrant for Julian Assange should not stand and breaches “a matter of fundamental legal principle” …

Discussion: newsfeed.time.com

Jana Winter / Fox News:
EXCLUSIVE: Wikileaks to move servers offshore, sources say

Discussion: FP Passport, FT Tech Hub, CNET, The Atlantic Wire, PC Magazine and Mashable!

Tom Espiner / ZDNet:
Assange's Supreme Court extradition appeal kicks off

Discussion: CNN, Chicago Tribune, Guardian and WebProNews

Joe Pompeo / Capital New York:

NYPD: Officer who obstructed ‘Times’ photographer during O.W.S. protest got a reprimand — The New York Police Department reprimanded an officer and a sergeant who obstructed journalists covering an Occupy Wall Street demonstration at the World Financial Center back in December, according to Deputy Commissioner Paul Browne.

Discussion: The Huffington Post

Josh Sternberg / Digiday:

The Daily After One Year: Some Lessons Learned — A year ago, The Daily launched with much fanfare. News Corp. CEO Rupert Murdoch declared, “We believe The Daily will be the model for how stories are told and consumed in this digital age.” — If nothing else, it has proven that the future never travels in a straight line.

Jeff Bercovici / Mixed Media:

AOL's Armstrong: Some Patches DID Turn Profitable in 2011 — Armstrong. Image by Getty Images North America via @daylife — It's not like AOL chairman Tim Armstrong to hide his light under a bushel, but when it comes to Patch, the company's hyperlocal network, he may have done just that on this morning's earnings call.

Discussion: NetNewsCheck Latest, Forbes, Business Insider and Betabeat

Kara Swisher / AllThingsD:
AOL Beats Low Expectations, Increasing Ad Revenue and Slowing Total Decline in Q4 (Plus Charts!)

Discussion: Forbes, Reuters, Business Wire, MediaPost, Media & Entertainment, Media Week, Adweek, David Thier, Digital Media Wire, TechCrunch, TechJournal South, AdAge, NetNewsCheck Latest, VentureBeat and Future of Journalism

Justin Ellis / Nieman Journalism Lab:

Hello Tokyo! The Guardian experiments in immersive video with Condition One — The Guardian is launching a new experiment in video, partnering with video company Condition One to release full-immersion travel guides. Don't just read about life in Shibuya — stand in the middle of it!

Discussion: Guardian and The Next Web, Thanks:@jbenton

Philip Elmer-DeWitt / Fortune:

An Apple TV set in 2012? — The hardware is the easy part. The trick is to get Hollywood on board — “Apple enters markets to reinvent them,” wrote Piper Jaffray's Gene Munster in a note to clients Tuesday reiterating his oft-repeated conviction that Apple's (AAPL) next big thing is an Apple-branded television set.