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9:10 AM ET, June 27, 2012

Mediagazer

 Top News: 
RELATED:
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 …
Felix Salmon:
News Corp loses its news  —  “In a way,” says Jeffrey Goldfarb today, “the scandal may have been the best thing to happen to News Corp,” on the grounds that Hackgate is likely to end up forcing Rupert Murdoch to spin off his newspapers, along with HarperCollins, into a new, separate company.
Bloomberg:
News Corp. Is Said To Work With Goldman Sachs On Breakup Plans
Discussion: The New York Observer
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 …
RELATED:
Jack Mirkinson / The Huffington Post:
Nora Ephron Dead: Remembering Her Journalism Career
Michael O'Connell / Hollywood Reporter:
CNN Hits 21-Year Ratings Low in Second Quarter  —  Battered by a series of rough weeks and big losses for Anderson Cooper and Piers Morgan, the cable news network sinks with total viewers and in the coveted adults 25-to-54 demo.  —  After several months of bad ratings news for CNN …
RELATED:
Bill Carter / Media Decoder:
Without News, CNN Is Without Viewers  —  The news for CNN has been bad for a long time, but it got especially bad in the second quarter of this year.  Ratings for the network's prime-time shows plunged by 40 percent from a year ago, and the network's performance was its worst ever for a second quarter.
Dylan Byers / Politico:
What's wrong at CNN  —  In April, as Republicans were throwing their weight behind Mitt Romney and the lengthy, combative presidential primary process was drawing to a close, CNN's Senior Vice President and Washington bureau chief Sam Feist presented his staff with a “CNN Half-time Election Report.”
Discussion: Inside Cable News
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: Betabeat and @peretti
RELATED:
Philip Bump:   Let's talk about this “how BuzzFeed works” post by Farhad Manjoo.
Brian Stelter / Media Decoder:
Savannah Guthrie Is Said to Be Offered Role as Co-Host of ‘Today’  —  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.  —  The co-host position has been offered to Ms. Guthrie …
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.
RELATED:
Mathew Ingram / GigaOM:
Pulse vs. Flipboard: Which will win, subscriptions or ads?
Discussion: NetNewsCheck Latest and TechCrunch, Thanks:@mathewi
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
Craig Silverman / Poynter:
Hearst editor acknowledges New Canaan News still searching for fabricated stories  —  Ashley Varese does not want to talk about Paresh Jha.  —  Varese is the editor of the New Canaan News, a small weekly paper owned by Hearst that last week admitted fired staff reporter Jha …
Discussion: @jackshafer
RELATED:
Craig Silverman / Poynter:
Hearst serial fabricator Paresh Jha may have made up more stories than Stephen Glass
Discussion: TERI BUHL
Laura Hazard Owen / paidContent:
California libraries close to ebooks deal with self-pub site Smashwords  —  Califa, California's largest library network, is about to strike an ebook deal with self-publishing site Smashwords, Library Journal reports.  The partnership would bring about 10,000 self-published ebooks into Califa's 220 libraries.
Jeff Sonderman / Poynter:
Gannett says paywalls are generating strong revenue, despite circulation declines  —  Gannett says its digital subscription plan, paired with metered paywalls, is now active in 38 of the company's 80 community newspaper markets.  Gannett executives provided updates in a presentation last week …
Discussion: Gannett Blog
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: CJR
 
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 More News: 
James Robinson / Guardian:
BBC World Service should not be threatened by having to make money
Josh Sternberg / Digiday:
Can Magazines Make the All-Digital Leap?
Daniel Frankel / paidContent:
For basic cable, movies fend off cord-cutting, report says
Discussion: Market Intelligence
Diana Marszalek / TVNewsCheck:
NBC Stations Keep Tabs On Employee Tweets
Discussion: Mediaite and NewscastStudio Blog
Andrew Phelps / Nieman Journalism Lab:
Apple: Tune in to podcast “stations” on an iPhone “radio dial”
Charlie Warzel / Adweek:
Turner Sports and PGA Tour Digitally Part Ways
Discussion: paidContent
Foster Kamer / New York Observer:
New York Times' Crosswords Going Premium-Premium, Even for Subscribers
 Earlier Picks: 
Robert Channick / Chicago Tribune:
Redesigned Chicago Tribune website to wall off some content
Discussion: paidContent and The Next Web
Joe Pompeo / Capital New York:
‘Times’ will end partnerships with N.Y.U., CUNY on hyperlocal blogs
Discussion: Street Fight and NYConvergence.com
Jim Romenesko:
Patch puts pressure on local editors
BBC:
News Corp ‘warned Lib Dems over BSkyB bid’
David Martosko / The Daily Caller:
Suspended reporter tweeted: Racism ‘secret sauce in the Politico sh*tburger’
Discussion: Mediaite