Mediagazer: What Publishing Companies Do in a World Where Anyone Can Publish a Book (Jeremy Greenfield/Forbes)

5:50 PM ET, June 27, 2012

Top News:

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 …

Jack Mirkinson / The Huffington Post:
Nora Ephron Dead: Remembering Her Journalism Career

Discussion: The New York Observer, New York Times, Business Insider, The New Yorker Blog, Washington Post, Deadline.com, mediabistro.com, Los Angeles Times and Mediaite

Michael Wolff / Guardian:

News Corp's split makes Rupert Murdoch a paper tiger — News Corp's division into entertainment giant and struggling newsprint empire is a humbling moment for Rupert Murdoch — This may be the most humble day of Rupert Murdoch's life. His company seems to be spurning his newspapers …

Discussion: Jack Shafer, CJR, Media Decoder, Los Angeles Times, Deal Journal, The Huffington Post, Talking Biz News and DealBook

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

Discussion: Guardian and AllThingsD

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

Wall Street Journal:
News Corp. Decision on Splitting Up Expected by Thursday

Discussion: @edmundlee, Nieman Journalism Lab, Guardian, The Week, GigaOM, Los Angeles Times, Gannett Blog, Poynter, paidContent, Deal Journal, Reuters, Digital Book World, News Corporation, DealBook, Crikey, The Next Web, Guardian and Bloomberg

Felix Salmon:
News Corp loses its news

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

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, Guardian and CJR

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

Discussion: Journalism.org and Winston-Salem Journal

Lucia Moses / Adweek:
What a News Corp. Split Could Mean for Editorial Coverage

Discussion: Talking Biz News and Business Insider

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: Capital New York and Tech in Asia

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

Brian Stelter / Media Decoder:

Savannah Guthrie Is Said to Be Offered Role as Co-Host of ‘Today’ — Savannah Guthrie, left, in 2011, with Ann Curry and Lester Holt. — NBC News officials are in negotiations to have Savannah Guthrie, a relatively new face at the “Today” show, replace Ann Curry as the show's co-host.

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

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: Chickaboomer, The Huffington Post and Digital Spy

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: Mediaite, ABCNEWS, Guardian and CBS News

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 and msnbc.com

Farhad Manjoo / Slate:

Want to know the secret to BuzzFeed's monster online success? Click here! — Want to know the secret to BuzzFeed's monster online success? Click here! — Last Wednesday, BuzzFeed's Jack Shepherd published an irresistible piece called, “21 Pictures That Will Restore Your Faith in Humanity.”

Discussion: The Atlantic Online, Poynter, News Desk, Betabeat, @peretti and Rex Hammock's RexBlog.com

Philip Bump:
Let's talk about this “how BuzzFeed works” post by Farhad Manjoo.

Discussion: Poynter

Joe Pompeo / Capital New York:

Ed O'Keefe to leave ABC News Digital for ‘Planet Daily’ — UPDATE: O'Keefe is headed to the forthcoming Lerer Ventures breaking news and video site currently being referred to as Planet Daily, which has been operating so far in stealth mode, a spokesman for the venture confirms.

Robert Niles / Online Journalism Review:

Want to save local newspapers? Then break the chains that hold them back — The economies of scale that once helped place the journalism business among the economy's most profitable now threaten to help sink the industry. America's newspaper chains missed their moment of opportunity …

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, JIMROMENESKO.COM, The Corsair, kottke.org and Poynter

Chris Roush / Talking Biz News:

Reuters, WSJ, Milwaukee and Detroit papers among Loeb winners — Felix Salmon of Reuters and The Wall Street Journal are winners of Gerald Loeb Awards, considered the Pulitzer Prizes of business journalism. Salmon won in the blogging category. Reuters also won in the news service category for …

Discussion: LA Observed

Jeff John Roberts / paidContent:

Does Flipboard need to rethink its revenue-share formula with publishers? — It's like getting dumped on the day of your big promotion. That's how Flipboard must have felt after two prominent magazines said they were leaving just hours after the popular news aggregator announced a groundbreaking partnership with the New York Times.

Discussion: Publishing Executive … and Guardian