Top News:

Investor Group Again Urges Sotheby's to Remove James Murdoch From Board — James Murdoch's resignation from News International amid heightened scrutiny over his handling of the unit's newspapers in Britain could hurt his position within companies beyond News Corporation.
Discussion:
Guardian
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James Murdoch Steps Down as Executive Chairman, News International to Focus on Expanding International TV Businesses
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Business Insider, Telegraph, The Independent, Guardian, Guy Fawkes' blog, AllThingsD, WWD Media Headlines, Guardian, Capital New York, AdAge, @paulmasonnews, @dansabbagh, Company Town, The Huffington Post, Bloomberg, paidContent:UK, Business Insider, @robertandrews, Associated Press, The Next Web, FishbowlNY, Reuters, @brianstelter, Journalism.co.uk, VentureBeat, paidContent, Gawker, mnilive.com, Poynter, Politico, Washington Post and Globe and Mail


Vanity Fair on Washington Post: Old story, new copy — Vanity Fair has completed its long-awaited big-time look at the toils of the Washington Post. Sorry, readers, no link: Vanity Fair sent the piece on the condition that the URL not be shared. — Written by Sarah Ellison, the piece is as much history as current events.
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Whatever Happened to Ted Turner? — The “Mouth of the South” is no longer as he devotes his time (and $1 billion) to the U.N., jets between 28 homes and four girlfriends, misses Jane Fonda and opens up to THR about Rupert, Jerry and his abuse as a child. Says a friend: “He's definitely changed.”
Discussion:
Mediaite, New York Magazine, Chickaboomer, Washington Post, TVNewser and The Daily Caller

NYT guild members have ‘quiet’ protest outside Page One meeting — Newspaper Guild members at The New York Times received this notice Tuesday: … Quiet protest, everybody! Sorry: (quiet protest, everybody). You can vigorously rustle your copy of the Observer, or tap out a polite tweet on your phone (keyboard clicks off, please).
Discussion:
The Huffington Post and New York Magazine

Tribune Paid Bankruptcy Advisers $233.3 Million Since Filing in 2008 — Tribune Co. (TRB), the biggest news media company in bankruptcy, paid lawyers and other advisers $233.3 million since filing for court protection from creditors in December 2008. — The two main law firms …


A.J. Daulerio Tells Us About The New State Of Gawker — With the new year also came a new editor of Gawker, Gawker Media's flagship site. — A.J. Daulerio took over Gawker's sports blog Deadspin from Will Leitch and turned it into a major player in terms of both news and audience.


BBC World Service Opens Newsroom to Public in Live Broadcast — The BBC World Service broadcast its daily morning editorial meeting live for the first time Wednesday as part of a series of public events commemorating its 80th birthday. — A recording of the 55-minute meeting …

Bloomberg's Abelson on How Wall Street Is Coping — Bloomberg's Max Abelson has the story of the day, another entry in his list of stories on out-of-touch Wall Streeters. This one's about how rich folks are coping with their reduced circumstances in a season of curtailed bonuses.
Discussion:
Bloomberg, Capital New York and Gawker


With Starz exiting, Netflix loses access to live TV — Netflix customers won't just lose access to movies like Tangled and Toy Story 3 this week due to the end of the company's deal with pay TV network Starz. Subscribers also don't have access to the Starz live feed anymore …


Who Decides What Gets Sold In The Bookstore? — We can probably agree that the local supermarket has no moral or ethical or business obligation to sell cherry-flavored Cap'n Crunch. If the owner doesn't like cherries, she doesn't have to sell them. — And the cereal maker shouldn't work under …
Discussion:
Doc Searls Weblog, ReadWriteWeb, TUAW, GigaOM, App Advice, WebProNews, TechCrunch, Daring Fireball, The Digital Reader, Joho the Blog, Melville House Books, TeleRead and GeekWire


Brooks ‘had her phone hacked twice a week’ — Police tell Leveson inquiry that Brooks was asked if she wanted to take further action, also saying that the NoW was ‘obstructive’ — Rebekah Brooks, the former chief executive of News International, had her phone hacked by News of the World twice …
Discussion:
Press Gazette, @megan, The Independent and Guardian
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News Corp. Executives Weighed Spinoff of Newspaper Publishing, Carey Says
Discussion:
paidContent:UK, Business Insider, @dansabbagh, The Huffington Post, Noted and Capital New York

Leveson Inquiry: phone hacking police identified 418 potential victims in 2006
Discussion:
Guardian


Public Television: We're #1! — For the ninth year in a row, public television has ranked as the most trusted institution in America, trumping all other forms of media, the courts and the federal government. — This news comes after a bruising year for public media.


Spotify: Staggering music releases (like movies) won't work — Hollywood studios made billions by strictly controlling distribution. Some music acts think it may be profitable to restrict access in a similar way. — Spotify CEO Daniel Ek during one of the company's press events last fall.

IRS delays make it hard for nonprofit news sites to build their businesses — Anyone with a cursory knowledge of the nonprofit news field knows the big players: VoiceofSanDiego.org, Texas Tribune, MinnPost, ProPublica, et. al. — You probably haven't heard of the Arlington Mercury or the San Diego Newsroom.
Discussion:
NetNewsCheck Latest and The Newspaper Guild