Mediagazer: Local group to buy Phila. Media Network for $55 million (Mike Armstrong/Philly.com)

Newsosaur / Reflections of a Newsosaur:

Philly papers sold at 10% of 2006 value — After changing hands three times in six troubled years, Philadelphia's legendary newspapers were sold Monday for a tenth of the half-billion dollar price they fetched as recently as 2006. — The stunning plunge in the value of the Philadelphia Inquirer …

Discussion: FishbowlNY

Mike Armstrong / Philly.com:

Local group to buy Phila. Media Network for $55 million — A group of local investors agreed on Monday to buy Philadelphia Media Network Inc., the parent company of The Inquirer, Philadelphia Daily News, and Philly.com, for $55 million with an additional $10 million in working capital for operations.

Discussion: Politico, Media Decoder, Forbes, Poynter, @wendywarren, @wendywarren, The Wrap, JIMROMENESKO.COM and The Newspaper Guild

Brian Stelter / New York Times:

Robert Redford to Produce a Documentary About Watergate — Rarely does reality intersect with role playing the way it did two Sundays ago in Bob Woodward's living room. — Meeting him there were Carl Bernstein, his writing partner at The Washington Post during the Watergate scandal in the 1970s …

Rupal Parekh / AdAge:

Many Magazines Racing to Capitalize on Pinterest — Publishers Exploring Platform, Watching Rivals' Moves — Last month, digital executives from Hearst's 20 or so titles were summoned for an important meeting at the company's Manhattan headquarters. — The pressing subject was Pinterest …

Thanks:@matt_creamer

Discussion: Journalism.co.uk, New York Times, MinOnline, Folio, paidContent and eMedia Vitals

Tim Carmody / Wired:

How Licensing and Hardware Bottlenecks Confound Magazine Text on the iPad — For the most part, text on the new Retina Display iPad looks amazing. Load a PDF with proper vector-based text onto it, and your document doesn't just look like paper; it looks like perfect paper.

Paul Smalera / Reuters:

The recession killed journalism - and saved it — Over the last few years, thanks to the global economic crisis - encapsulating everything from the 2008 housing crash to today's ongoing euro zone sovereign-debt debacle - much ink has been spilled about the reshaping of the world's economy, especially about the domestic job market.

John Koblin / WWD:

Editors and the ‘Cult of the Brand’ — Just after 1 a.m. on Jan. 31, the editor in chief of Condé Nast's Bon Appétit, Adam Rapoport, looked like he was on an infomercial. Rapoport, in a taped segment on HSN, was working hard at selling Bon Appétit's newly debuted kitchenware.

Lucia Moses / Adweek:

Bloomberg and Reuters: The Future of News — There's no mistaking where Andy Lack feels Bloomberg LP is positioned versus its competitors. “We may be the last man standing,” says Lack, who oversees the news organization's multimedia operations. — A veteran of network television …

Discussion: eMedia Vitals

Jeff Bercovici / Mixed Media:

Tabloid Tangle: Jim Dolan Accuses Mort Zuckerman of Extortion — Is this the face of an extortionist? Mort Zuckerman. (Image credit: Getty Images via @daylife) — Publishing a tabloid newspaper in New York is not for the timid, but the accusation Cablevision CEO Jim Dolan just leveled …

Discussion: Runnin' Scared, BuzzFeed and The Big Lead

Marisa Guthrie / Hollywood Reporter:

Current TV Retains Crisis PR Experts for Anticipated Battle With Keith Olbermann (Exclusive) — The network retains lawyers and crisis PR experts Mark Fabiani and Chris Lehane, who have represented Bill and Hillary Clinton and Lance Armstrong. — Current TV has hired crisis public relations …

Discussion: Mediaite and ThinkProgress

Discussion: Media Decoder, Capital New York and Poynter

David Carr / Media Decoder:

Judge Clarifies That Bloggers Can Be Journalists (Just Not One in Particular) — Back in December, United States District Court Judge Marco A. Hernandez created a stir by seeming to suggest that bloggers are not journalists as defined by Oregon's shield law.

Discussion: Free Press and The Legal Satyricon

Discussion: Forbes

Brian Stelter / Media Decoder:

A Report for the Web, on TV — When Stone Phillips, formerly of “Dateline NBC,” learned of a first-of-its-kind study in 2010 at Virginia Tech about the effects of head impacts on youth football players, like the kind that he sustained as a high school and college player, his journalistic instincts kicked in.

Sonia Paul / Mashable:

iPhone Documentary Takes on Syria: Is This the Future of Journalism? — An anonymous undercover reporter for Al Jazeera has captured the Syrian uprising in a first-of-its-kind-documentary — recorded on an iPhone. — The 25 minute documentary, “Syria: Songs of Defiance,” aired on Al Jazeera's show People & Power earlier this month.

Jim Edwards / Business Insider:

Why Buzzfeed's Newest Blogger, ‘Copyranter,’ Threatened To Assault Me On His First Day At Work — I was delighted to learn today that Copyranter, a closely followed and extremely funny blogger about advertising, got a new job with Buzzfeed, the social-media content play of Jonah Peretti.

Discussion: FishbowlNY and Adweek

Ilaina Jonas / Reuters:

Goldman fund to exit company owning sex traffic site — A private equity fund run by Goldman Sachs Group Inc (GS.N) has agreed to sell its stake in the media company that runs a sex trafficking forum back to company's management, a spokeswoman said on Sunday.

Discussion: CNBC and business.time.com