Top News:


News Corp. Considers Dividing Itself in Two — Updated News Corporation is considering dividing itself in two, cleaving its publishing arm from its far larger entertainment division, a person briefed on the matter told DealBook early on Tuesday. If News Corporation follows through …
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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:
The Wrap and New York Magazine


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 and The Huffington Post


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:
mediabistro.com, FishbowlNY, LA Observed and MediaPost


Why Porn and Journalism Have the Same Big Problem — Nobody wants to pay for their product. — The smut business just isn't what it used to be. — The early days of the Internet were a bonanza for major pornography studios, as the web transformed adult entertainment into an instant …
Discussion:
JIMROMENESKO.COM and bookforum.com


Anthony Shadid's cousin takes a shot at NYT — and journalism in general — Those who were there said the crowd gasped. Ed Shadid, the cousin of late New York Times reporter Anthony Shadid, was speaking at a banquet for the American-Arab Anti-Discrimination Committee on Saturday night in Washington …
Discussion:
Poynter

‘Newsroom’ Debut Draws Audience of 2.1 Million — HBO generated a huge amount of talk — positive and negative — about its new Aaron Sorkin drama, “The Newsroom,” and it managed some better-than-average audience totals for its premiere Sunday night. — The drama, about a fictional cable newscast …
Discussion:
Erik Wemple, The Wrap, Los Angeles Times, Gawker and Capital New York
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10, 15 free web articles a month: Is this a mistake? (Yes!) — I think it's safe to say that what Walter Isaacson and Steven Brill started — a wave of newspaper websites putting up “metered paywalls” where there's a subscription or membership fee required for site visitors who want to read …

Australian Billionaire Threatens to Dump Fairfax Media Stake — HONG KONG — The Australian mining billionaire Georgina Rinehart has threatened to sell her recently acquired 19 percent stake in Fairfax Media, sending shares in the Australian publisher tumbling on Tuesday.


Auto de Fe launches first on iPad, web second, print third — Auto de Fe launched on iPad earlier this week, with some content going online this weekend and a print edition due to be published later this year — A new magazine “of inquisitive journalism and intelligent photography” has launched for iPad.


Prominent Americans urge Ecuador to accept Julian Assange's asylum request — A letter signed by leading US figures in support of WikiLeaks founder Julian Assange's application for political asylum in Ecuador has been delivered to the country's London embassy.
Discussion:
The New York Observer, justforeignpolicy.org and The Raw Story