Top News:
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:
Forbes, Politico, Media Decoder, Poynter, The Wrap, @wendywarren, @wendywarren, JIMROMENESKO.COM and The Newspaper Guild
RELATED:
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
Howard Kurtz / The Daily Beast:
Keith Olbermann's Angry Email Trail Traces Breakup With Current TV — His bitter divorce from Al Gore's network followed months of escalating complaints to Current TV executives. Howard Kurtz unearths the acrimonious correspondence. — It was a terrible marriage from the beginning.
Discussion:
The Wrap, Forbes, Capital New York, Company Town, The Daily Caller, Business Insider and New York Magazine
RELATED:
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
Brian Stelter / New York Times:
News Analysis: Olbermann Set the Tone at Current and MSNBC
News Analysis: Olbermann Set the Tone at Current and MSNBC
Discussion:
Media Decoder, Poynter and ShortFormBlog
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
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.
RELATED:
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:
The Legal Satyricon and Free Press
RELATED:
David Carr / New York Times:
A Shooting, And Instant Polarization — What seemed like a single shooting incident in a midsize Florida city — the killing in February of Trayvon Martin — now threatens to divide a country. How did that happen? — How did a discrete local event take on the scale of a presidential election …
Discussion:
Politico, The Atlantic Wire, CJR, Slate and New York Magazine
RELATED:
James Crugnale / Mediaite:
Geraldo Rivera Apologizes To Trayvon Martin's Parents For Hoodie Comments
Geraldo Rivera Apologizes To Trayvon Martin's Parents For Hoodie Comments
Discussion:
The Huffington Post and New York Magazine
NY Daily News:
Roger Ailes helps conservative writer out-Fox rival — What, Roger Ailes worried? We hear the Fox News CEO is helping conservative writer Zev Chafets fast-track a book about Ailes' and the “Fair and Balanced” cable-news network because he's worried about the exhaustively reported book …
Discussion:
TVNewser, Inside Cable News and Chickaboomer
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:
business.time.com
RELATED:
Adam Martin / The Atlantic Wire:
Goldman Sach's Backpage Panic Is Real, Costly
Lisa O'Carroll / Guardian:
Wallis: I gave PR advice to Met chiefs — The former deputy editor of the News of the World, Neil Wallis, acted as an unofficial adviser to a succession of Met police commissioners and helped Lord Stevens secure the top role in 2000, the Leveson inquiry has heard.
Discussion:
Press Gazette
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
Rob Grimshaw / Wired:
Sink or Swim: Digital Publishers Need to Be Bold — When the Financial Times decided to focus its digital model on subscriptions, the reception from commentators was skeptical to say the least. Fast-forward a few years and the criticism has melted away. With 270,000 digital subscribers …
Discussion:
eMedia Vitals