Mediagazer: Bush House ceases BBC broadcasts after 71 years (Dan Sabbagh/Guardian)

1:40 AM ET, July 13, 2012

Top News:

Once a Social Media Star, Digg Sells for $500,000 — Digg Inc., a social-media pioneer once valued at more than $160 million, is selling for the deeply discounted price of about $500,000, three people familiar with the matter said. — The buyer is New York technology development firm Betaworks …

Liz Gannes / AllThingsD:

Betaworks Buys Digg Assets and John Borthwick Becomes CEO — The remaining assets of social news aggregator Digg — its site and brand — are being sold to Betaworks, the New York-based technology studio. Betaworks CEO John Borthwick will become CEO of the new Digg. — Outgoing Digg CEO Matt Williams

Discussion: BBC, msnbc.com, The Next Web and Engadget

Jenna Wortham / Bits:

Betaworks Buys What's Left of Social News Site Digg — For a while, Digg, the social news site, was one of the hottest things on the Web. But then it fell on hard times as services like Twitter and Facebook emerged and captured the Web's attention. — Digg's founders fled to greener pastures …

Discussion: Digg Blog, Wired, Mashable!, Betabeat and ReadWriteWeb

Alexia Tsotsis / TechCrunch:

Digg Sold To LinkedIn AND The Washington Post And Betaworks — Sun Valley and self-driving cars aside, the story of the day today is that social news site Digg has sold its remaining assets for $500K to the NYC-based tech firm Betaworks; While that number is indeed in the ballpark …

Dylan Byers / Politico:

Romney camp: Globe story ‘inaccurate’ — The Mitt Romney campaign is pushing back against today's Boston Globe report which found that, according to SEC filings, Romney served as CEO at Bain Capital until 2002, despite saying that he left in 1999. — “The article is not accurate,” …

Discussion: Business Insider, The Caucus, The Boston Globe, CNN, The Daily Dish, The New Yorker Blog, Pressthink, Mother Jones, Hot Air, The Week, The New Republic, Washington Post, msnbc.com, Guardian, @erikwemple, The Raw Story and CJR

Erik Wemple / Washington Post:
Globe denies Romney campaign correction request

Discussion: Politico, CNN, emptywheel and Erik Wemple

Erik Wemple:
Globe to credit TPM, Mother Jones in Bain-Romney story

Discussion: Fortune, Politico, Jezebel, Quote and Comment, Le·gal In·sur·rec· tion, Mediaite and Mother Jones

Erik Wemple:
Romney campaign will ask Boston Globe for correction of Bain story, aide says [Updated]

Discussion: Business Insider, Politico, Politico, The Atlantic Wire and Politico

Jeff Bercovici / Forbes Real Time:

Viacom and DirecTV Are Both Right, But DirecTV Is Righter — The fee dispute between Viacom and DirecTV that has seen the satellite service's 20 million subscribers lose access to MTV, Nickelodeon, Comedy Central and other channels has the makings of a long standoff, one in which each side …

Discussion: Home Media Magazine and Multichannel News

Derek Thompson / The Atlantic Online:

The End of TV and the Death of the Cable Bundle — People have been predicting the demise of cable television for years. After this week, they might be right. — Two small pieces of news yesterday could make for a big headache for TV. — First, Viacom yanked its 19 channels …

Annika McGinnis / McClatchy Washington Bureau:

Congress considers prosecutions of reporters over leaked information — WASHINGTON — In response to New York Times stories that relied on leaks of sensitive national-security information, a House of Representatives panel on Wednesday discussed legislation that could allow journalists to be prosecuted for disclosing such information.

Discussion: The Raw Story and Capital New York

Jack Mirkinson / The Huffington Post:
Congressman Trey Gowdy On Leaks: ‘I Thought All Reporters Aspire’ To Go To Jail

Discussion: The Atlantic Wire

Dan Sabbagh / Guardian:

Bush House ceases BBC broadcasts after 71 years — World Service is relocating its remaining language services as part of a merger with the rest of BBC News — Seventy-one years of continuous broadcasting from Britain to the world from Bush House in central London has come to an end …

Discussion: mnilive.com and BBC

Joe Flint / Los Angeles Times:

Barry Diller making trouble for broadcasters — Barry Diller has reason to smile. — Barry Diller still likes to play the role of disruptor. — From his early days as a pioneering programmer who struck gold making movies for television to being the architect of the Fox network …

Discussion: Bloomberg

Kara Swisher / AllThingsD:

Ross Still Not the Boss (Yet): Yahoo CEO Selection Now Likely to Take Longer Than Many Expect — According to multiple sources close to the situation, the selection of a CEO of Yahoo will not be announced today at its annual meeting, as many anticipate. In fact, sources said …

Discussion: paidContent, Search Engine Land and CNET

Los Angeles Times:
Yahoo expected to name Ross Levinsohn as its new chief executive

Discussion: VentureBeat and Business Insider

Daniel Frankel / paidContent:

Insider: Variety acquisition cost will far exceed a $40M price tag — As the field of buyers for Variety narrows, we're getting a clearer picture as to what it will take to make a deal — and to remake Hollywood's signature trade publication. — Forget any notion of a $1 fire sale.

Discussion: FishbowlLA