Mediagazer: Deadliest Klatsch: Nick Denton Gives Gawker's Drive-By Peanut Gallery a Promotion (Kat Stoeffel/The New York Observer)

8:40 PM ET, June 27, 2012

Top News:

Lucia Moses / Adweek:

What a News Corp. Split Could Mean for Editorial Coverage — Will a News Corp. split have a downside for its entertainment properties? As the media giant mulls splitting off its print business, among the many implications are that its entertainment empire will be further detached from the papers …

Discussion: paidContent, The Week, Talking Biz News and Business Insider

David Benoit / Deal Journal:

Investors See Some Value in Newspaper Companies — Newspaper companies, of the type News Corp. might spin off, are trading at premiums to book value, suggesting investors still see value in the business. — New York Times Co., McClatchy Co. and Gannett Co., three of the biggest newspaper companies …

Discussion: Noted, Gannett Blog, Guardian, CJR and Crikey

Steve Myers / Poynter:
2011 busiest year for newspaper ownership changes since 2007

Discussion: Winston-Salem Journal and Journalism.org

Dow Jones Newswires: News Corp Lines up Bankers to Advise on Breakup Plan

Amy Chozick / DealBook:
Top Executives Weigh Breakup of News Corp.

Discussion: Guardian and AllThingsD

Michael Wolff / Guardian:
News Corp's split makes Rupert Murdoch a paper tiger

Discussion: Nieman Journalism Lab, Jack Shafer, CJR, GigaOM, Los Angeles Times, Media Decoder, Poynter, Deal Journal, paidContent, Reuters, Wall Street Journal and Guardian

Felix Salmon:
News Corp loses its news

Discussion: Media & Entertainment, New York Times, Capital New York, AdAge and Bloomberg

Charles McGrath / New York Times:

Nora Ephron, Wry Woman of Letters, Is Dead at 71 — Nora Ephron, an essayist and humorist in the Dorothy Parker mold (only smarter and funnier, some said) who became one of her era's most successful screenwriters and filmmakers, making romantic comedy hits like “Sleepless in Seattle” and …

Christine Haughney / Media Decoder:

The Times Is Introducing a Chinese-Language News Site — The New York Times is introducing a Chinese-language Web site, part of a continuing effort to expand its reach to international readers. — The site, which is called cn.nytimes.com and will go live Thursday morning …

Discussion: Forbes, TechCrunch, FishbowlNY and paidContent

Ingrid Lunden / TechCrunch:

NYTimes: All The News That's Fit To Post (And Tweet) In China? Chinese Site, Weibo Account Spotted — Looks like The New York Times' groundbreaking, paywalled deal with Flipboard was yesterday's news: today comes another development for the Grey Lady and how she is working hard to leverage social media for the next stage of growth.

Discussion: Tech in Asia and Capital New York

Dylan Byers / Politico:

WashPost will not retract ‘outsourcing’ story — The Washington Post will not redact their June 21 report about Bain Capital's investments in firms that specialized in outsourcing American jobs, POLITICO has learned. — “We are very confident in our reporting,” Washington Post spokesperson …

Dylan Byers / Politico:

Romney to seek Washington Post retraction — Mitt Romney campaign representatives will meet with the Washington Post today to seek a formal retraction of its June 21 report that Bain Capital invested in firms that specialized in outsourcing American jobs, POLITICO has learned.

Discussion: ABCNEWS, Mediaite, Guardian and CBS News

Cindy Adams / New York Post:

‘Today’ to lose Natalie too? — Could “Today” veteran and news reader Natalie Morales be the next to leave the NBC morning show? Sources tell us “Today” will announce the long-rumored departure of its co-host Ann Curry by the end of the week, and that the show's third-hour co-host Savannah Guthrie is the front-runner to replace her.

Discussion: The Huffington Post, Chickaboomer and Digital Spy

Brian Stelter / Media Decoder:
Savannah Guthrie Is Said to Be Offered Role as Co-Host of ‘Today’

Discussion: B&C, Adweek, Multichannel, Broadcasting & Cable, TVNewser, MediaPost, Deadline.com, Hollywood Reporter, The Huffington Post, TVSpy, TVLine and Mediaite

Michael Massing / CJR:

The two David Carrs — Since joining The New York Times in 2002, David Carr has become America's most visible and influential writer on the media. His weekly “Media Equation” column is closely followed by people in the industry. Last year, he was featured in Interview magazine …

Anna Heim / The Next Web: The Huffington Post partners with Ustream to beef up its live news coverage

Kat Stoeffel / The New York Observer:

Deadliest Klatsch: Nick Denton Gives Gawker's Drive-By Peanut Gallery a Promotion — Journalists, commenters ... what's the diff? — “When someone comes into your house and throws s**t around, you get pissed,” Anna Holmes told The Observer. She was speaking in metaphor …

Discussion: FishbowlNY, The Corsair, kottke.org, Poynter and JIMROMENESKO.COM

Jim Romenesko:

Patch staffers on advertorials, inflated numbers and more — Yesterday's post about Patch brought in many comments, Facebook wall posts and emails to me. Here's what some Patch employees told me in those emails: PATCH STAFFER #1 “I saw your piece today 'Patch puts pressure on local editors …

Bill Dedman / MSNBC:

Also not a Pulitzer Prize nominee: Charles Gasparino of Fox Business — NEW YORK — If you're keeping a list of journalists who have claimed for years to be Pulitzer Prize nominees without the inconvenience of actually being nominated for a Pulitzer Prize, add one more name: Charles Gasparino …

Discussion: Talking Biz News

Adrienne LaFrance / Nieman Journalism Lab:

Five things The New York Times learned from its three-year hyperlocal experiment — With yesterday's news that The New York Times is ending its affiliation with The Local — a pair of hyperlocal blogs that the newspaper launched three years ago — an experiment came to a close.

Discussion: Poynter and New York Times

Jeremy Greenfield / Forbes:

What Publishing Companies Do in a World Where Anyone Can Publish a Book — If an author can go to Kindle Direct Publishing or Barnes & Noble's PubIt!, instantly publish their own book and then collect up to 70% of the sale price as a royalty as opposed to the 15% to 25% that many traditional publishers offer …