Mediagazer: News Corp. Board Approves Split in Principle (John Jannarone/Wall Street Journal)

8:20 AM ET, June 28, 2012

Top News:

News Corp. Board Approves Split in Principle — News Corp.'s board approved a plan to split the media conglomerate in two pieces, separating its lucrative entertainment operations from its publishing business, said a person familiar with the situation. — The board made the decision …

Discussion: @maisiemccabe, New York Times, Gannett Blog, Business Insider, Guardian, Deal Journal Australia, The Wrap, Guardian, business.time.com, paidContent, GigaOM, Bookseller news and Deadline.com

Peter Kafka / AllThingsD:

Rupert Murdoch Announces The News Corp. Divorce: The Full Memo — Here's Rupert Murdoch's official “internal” announcement explaining the News Corp. split. The important stuff: Murdoch will remain CEO of both the publishing business and the entertainment business. Chase Carey will be COO of the entertainment business.

Discussion: Media Decoder, JIMROMENESKO.COM, @joshhalliday, @lisaocarroll and paidContent

Lisa O'carroll / @lisaocarroll:

News Corp announcement out. Murdoch will be chairman of both companies but only CEO of the entertainment co.

Discussion: @dansabbagh and @edmundlee

Guardian:

News Corp split announcement - live — 12.08pm: Murdoch's Wall Street Journal published some detail last night about the likely makeup of News Corp's two separate companies. The entire process of spinning off its publishing assets is expected to take about a year, the WSJ reported.

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, Media Week, NetNewsCheck Latest, Press Gazette, bookforum.com, Talking Biz News, Los Angeles Times, The Week and Business Insider

Susan Page / USA Today:

‘Today’ co-host Ann Curry will bid farewell today — Ann Curry's voice chokes when she talks about saying goodbye this morning on NBC's Today show, years earlier than she had hoped. — It's “going to be a bit of a tough day,” she told USA TODAY in a 40-minute phone interview Wednesday …

Discussion: TVNewser, Mediaite, The Huffington Post, Poynter, New York Magazine, Business Insider, Chickaboomer and The Wrap

Brian Stelter / Media Decoder:

Curry Set to Announce Departure From ‘Today’ — Ann Curry and Matt Lauer on Tuesday, with their guest, the comedian Jimmie Walker. — 1:13 a.m. | Updated Ann Curry will step down on Thursday morning from her co-host chair on NBC's “Today” show, capping weeks of private negotiations …

Discussion: Yahoo! News, The Wrap, Mediaite and Multichannel

Cindy Adams / New York Post:
‘Today’ to lose Natalie too?

Discussion: Hollywood Reporter, The Huffington Post, Digital Spy, Media Decoder and Chickaboomer

Jim Romenesko:

Patch Local Editor is having fun — From NAME WITHHELD AT HIS REQUEST: I'm a Local Editor at Patch and I've found the job to be, at times, cushier than my previous newsroom job at a paper. The compensation is better, benefits better and the job is flat-out more fun, so sometimes I don't mind if my day runs a bit longer.

Jim Romenesko: Patch staffers on advertorials, inflated numbers and more

Steve Smith / MinOnline:

Google Opens Android Mag Newsstand, Brands Rush In — Magazines have embraced the iPad but generally dissed the Google Android OS. Google wants to change that will the opening of Magazines on Google Play. With scores of titles across many of the major publishing houses on tap for this launch …

Discussion: Forbes

Tim Carmody / The Verge:
Google Nexus 7: ebooks' sleeping giant finally has its own reader

Discussion: AppNewser, Kempton and Bits

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 …

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 …

Discussion: stdout.be

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

Discussion: Winston-Salem Journal and Journalism.org

Jim Milliot / Publishers Weekly:

Authors Guild Sees Return of Predatory Pricing if DoJ Deal Stands — With the time to submit comments to the Department of Justice about its settlement with Hachette, HarperCollins and Simon & Schuster over its e-book pricing fixing case almost up, the Authors Guild filed its comments late Monday …

Discussion: Tech Daily Dose and mediabistro.com

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 …

Discussion: Mediaite

Dylan Byers / Politico:
Romney to seek Washington Post retraction

Discussion: Mediaite, ABCNEWS and Guardian

Derek Thompson / The Atlantic Online:

What's the Secret to Viral Success? It's So Obvious — When you're in the hit-making business, the only thing you know for sure is what has already worked — How does BuzzFeed do it? — The Web's crown prince of social media has an uncanny knack for churning out posts that eat up the Internet.

Discussion: Rex Hammock's RexBlog.com, Poynter and Slate

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: Street Fight, Poynter and New York Times

Andrew Beaujon / Poynter:

TechCrunch's Alexia Tsotsis: ‘I like the emotional part of the news’ — To understand why Alexia Tsotsis, co-editor of TechCrunch, wrote a wild, profane post Sunday about The New York Times putting content on Flipboard, you have to know a couple things about Alexia Tsotsis, co-editor of TechCrunch.

Discussion: mediabistro.com