Mediagazer: Houghton Mifflin Harcourt Enters Bankruptcy Process (Julie Bosman/Media Decoder)

8:40 AM ET, May 12, 2012

Top News:

Andrew Beaujon / Poynter:

Washington Post adds Editor's Note to Romney bullying story; Ombud weighs in — The Washington Post has added an editor's note to its story about Mitt Romney's high school days. “We should have been clearer about it and we are adding an Editor's note to the story to explain the change,” …

Discussion: BREITBART.COM, Livewire, Washington Post, New York Times, Wired, DC Porcupine, CNN, Mediaite, Gawker, The Daily Dish, DC Porcupine, Erik Wemple, The Daily Caller, Guardian, TVNewser and The Huffington Post

Tom McGeveran / Capital New York:

Jason Horowitz and ‘The Washington Post’ won, and the rest is political noise — There were lots of moments in Jason Horowitz's piece in The Washington Post yesterday morning about presidential candidate Mitt Romney's high-school days at the elite Cranbrook Schools in Michigan.

Discussion: The New Yorker Blog, ABCNEWS and Capital New York

Tommy Christopher / Mediaite:

Tamron Hall Reams Tim Carney, Cuts His Mic For Accusing Her Of ‘Media Trick’ — During a segment on the Mitt Romney campaign's poor handling of the fallout from the Washington Post bullying story, News Nation host Tamron Hall got into it with frequent MSNBC guest and Washington Examiner …

Discussion: The Huffington Post, Inside Cable News and Politico

New York Times:

Rebekah Brooks Testifies About Relationships With British Elite — LONDON — Offering a rare glimpse into the personal relationship between political power and the press in Britain, Rebekah Brooks, the former chief executive of Rupert Murdoch's British newspaper subsidiary …

Discussion: Vanity Fair, Guardian, The Huffington Post, Guardian, Telegraph, Guy Fawkes' blog, Bloomberg, Capital New York, Media Decoder, Journalism.co.uk, Guardian and Poynter

Lisa O'Carroll / Guardian:
Rebekah Brooks: David Cameron signed off texts ‘LOL’

Discussion: Reuters, CNET, Business Insider, UK News and Opinion, Mirror.co.uk and Media & Entertainment

Dan Sabbagh / Guardian: Rebekah Brooks tells the Leveson inquiry of more meetings with David Cameron

Tim Karr / Save the News:
Who's Afraid of Rupert Murdoch?

Discussion: Erik Wemple

Beth Healy / The Boston Globe:

New York Times Co. sells its remaining stake in the Boston Red Sox — The New York Times Co. said it has sold its remaining share of Fenway Sports Group, which includes the Boston Red Sox, for $63 million. — The sale, to undisclosed buyers believed to be current minority owners of the team …

Discussion: The New Yorker Blog, New York Magazine, Poynter, @antderosa, @edgecliffe, Media Decoder and paidContent

Ryan Chittum / CJR:

The Washington Post Co.'s Self-Destructive Course — Dividends, share buybacks, and an anti-paywall stance help bleed the paper dry — The Washington Post Company's dismal quarterly earnings release last week was received with something of a shrug—more of the same.

Discussion: DC Porcupine

Nat Ives / AdAge:

Time's Perfect Controversy: Advertisers, Retailers Fine With Breast-feeding Cover — Gets More Subscription Orders in One Day Than the Whole Week Before — Time may have just stoked the perfect controversy: It got everybody talking but made very few people actually angry.

Discussion: Los Angeles Times and Los Angeles Times

Julie Bosman / Media Decoder:

Houghton Mifflin Harcourt Enters Bankruptcy Process — Houghton Mifflin Harcourt, the educational and trade publisher in Boston, has agreed with most of its creditors to eliminate $3.1 billion of debt and enter a prearranged Chapter 11 bankruptcy process, the company said on Friday.

Discussion: GalleyCat

Reuters:

U.S. Senate to hold hearing on Universal-EMI deal — WASHINGTON, May 11 (Reuters) - A U.S. Senate antitrust subcommittee is planning a hearing to discuss Universal Music Group's plan to buy EMI's recorded music unit, a deal that would bring the market share of the No. 1 music giant to 40 percent.

Ingrid Lunden / TechCrunch:

No Tablet News From Nokia, But It's Launching A Reading App Powered By OverDrive — There are still some big question marks over what Nokia plans to do in tablets — a market where it is now possibly the only major smartphone maker yet to make a device — but at least Nokia is moving ahead with the launch of tablet-friendly services.

Discussion: CNET, paidContent, Mashable!, Nokia Conversations and Engadget

Alex Weprin / TVNewser:

NBC Yanks ‘Rock Center’ From May Sweeps, Presence on Fall Lineup Unclear — NBC has pulled its primetime newsmagazine series “Rock Center with Brian Williams” from its lineup for the remainder of May Sweeps. In its place, the network will broadcast reruns of “Law & Order: SVU.”

Discussion: The Huffington Post, Mediaite, mediabistro.com, Chickaboomer and GalleyCat

Josh Sternberg / Digiday:

The Atlantic Media's Digital Transformation — The Atlantic Media Company is hardly new to publishing. Its history stretches to 1857, but for an old guy it's proven to have some serious digital moves. Its outlets — The Atlantic, The National Journal and Government Executive …

Discussion: Folio

Dave Davies / News Works:

Osberg out as publisher of Daily News, Inquirer - Bob Hall is back — Greg Osberg, the subject of a lot of controversy in February, has stepped down as publisher of the Philadelphia Inquirer, Daily News and Philly.com, which were bought by a group of local investors a few weeks back.

Discussion: JIMROMENESKO.COM, American Journalism Review, @ckrewson, Media Decoder and Philly.com