Mediagazer: News Corp statement confirms spin-off plan under consideration (Jeff John Roberts/paidContent)

3:35 PM ET, June 26, 2012

Top News:

Jeff John Roberts / paidContent:

News Corp statement confirms spin-off plan under consideration — Following numerous reports that News Corp is thinking of spinning off its publishing operations, the company issued a short statement that it is “considering a restructuring to separate its business into two distinct public companies.”

Discussion: Wall Street Journal, Guardian, MinOnline, Radio & Television …, Speakeasy, AdAge, VentureBeat, WebProNews, The Huffington Post and New York Magazine

Amy Chozick / Media Decoder:

Anxious News Corp. Editors Arrive in New York to Discuss Corporate Split — As News Corporation confirmed that it was considering splitting off its publishing assets into a separate, publicly traded company, top editors and publishers at many of the company's newspapers arrived in New York …

Discussion: paidContent

Roy Greenslade / Guardian:

Why a reluctant Murdoch is splitting up News Corp and what it means — Separating publishing from television will please shareholders and worry print staff and media plurality advocates — The News Corp split could have two far-reaching outcomes. First, it might allow the entertainment entity …

Discussion: @lisaocarroll and DealBook

Bloomberg:

News Corp. Is Said To Work With Goldman Sachs On Breakup Plans — News Corp. (NWSA) hired Goldman Sachs Group Inc. (GS) for financial advice on its plans to break up the company, according to two people with knowledge of the situation. Separating News Corp.'s entertainment assets …

Bill Dedman / MSNBC:

Bloomberg TV's ads make false claim to Pulitzer nomination for anchor Liu — NEW YORK — Bloomberg Television has a new ad campaign in the New York City area, touting the journalistic credentials of its morning anchor, Betty Liu. “PULITZER PRIZE-NOMINATED,” the ads shout at commuters on trains in New York, New Jersey and Connecticut.

Discussion: TVNewser, Inside Cable News, Felix and The Huffington Post

Carl Nolte / San Francisco Chronicle:

George Hearst Jr. - Hearst Corp. chairman - dies — George R. Hearst Jr., chairman of the board of the Hearst Corp., died Monday at Stanford University Medical Center in Palo Alto of complications following a stroke. Mr. Hearst, who became ill June 16 at his ranch home in Paso Robles (San Luis Obispo County), was 84.

Discussion: LA Observed, FishbowlNY, mediabistro.com and MediaPost

Jim Romenesko:

Patch puts pressure on local editors — My reliable source on Patch matters reports that demands on local editors are growing. “Among other mandates, Local Editors now must have seven posts each day — that's including weekends — and blog posts no longer count toward that total,” he writes.

Jeff Sonderman / Poynter:

Content going ‘everywhere’: WSJ extends premium subscriptions to Pulse newsreader — One day after The New York Times announced an “NYT Everywhere” strategy that will extend subscriber content to Flipboard, The Wall Street Journal stepped up its own “Journal Everywhere” …

Discussion: PRWeb, NetNewsCheck Latest, http://blog.pulse.me/, Bloomberg and Mashable!

BBC:

News Corp ‘warned Lib Dems over BSkyB bid’ — News Corporation implied the Sun newspaper's coverage of the Lib Dems “may turn nasty” if Vince Cable did not rule in its favour on the BSkyB bid, a minister has told the Leveson Inquiry. Norman Lamb, Lib Dem junior business minister …

David Martosko / The Daily Caller:

Suspended reporter tweeted: Racism ‘secret sauce in the Politico sh*tburger’ — Joe Williams, the White House correspondent whom Politico suspended last week after he made racially insensitive remarks about Republican presidential candidate Mitt Romney, tweeted about his employer on the evening …

Discussion: Mediaite

Joe Pompeo / Capital New York:

‘Times’ will end partnerships with N.Y.U., CUNY on hyperlocal blogs — The New York Times' three-year-old experiment in hyperlocal community journalism is coming to an end—for now, at least. The Times has decided to terminate its collaborations with the journalism schools of New York University …