Mediagazer: The Big Digg Lesson: A Social Network Is Worth Precisely as Much as Its Community (Alexis Madrigal/The Atlantic Online)

7:05 PM ET, July 13, 2012

Top News:

A Letter From The Daily's Editor-In-Chief to the Staff — All, A big congratulations to Claire, David, Emma, Bill, Gabriella, Lacey, Ramon, Dongin, Cathy, Dami and all the others involved in creating our great new WKND magazine. It looks absolutely fantastic and is full of great stories and video.

Discussion: Poynter, The Next Web, @tcarmody and @edgecliffe

Amy Chozick / Media Decoder:

News Corp. Said to Be Deciding Fate of The Daily — News Corporation is deciding the fate of The Daily, the tablet publication that just over a year ago Rupert Murdoch, the company's chairman and chief executive, introduced as a digital savior of the printed news industry …

Discussion: New York Magazine, CNET, Capital New York, Deadline.com, The Huffington Post, FishbowlNY and The Wall Blog

Hamilton Nolan / Gawker:

The Daily Was Just a Bad Idea — The Daily is a daily newspaper that is available only on iPads. This was, and remains, a terrible business model. Consider: — 1. It is available only on iPads. — 2. It is a daily newspaper. — The Daily's business model combines two limiting factors …

Discussion: The New York Observer, 9to5Mac and App Advice

Alexis Madrigal / The Atlantic Online:

The Big Digg Lesson: A Social Network Is Worth Precisely as Much as Its Community — A social networking company is not a technology company like Intel is a technology company; its users are its product. — Digg has been sold for the astonishingly low price of $500,000 to Betaworks, the Wall Street Journal reports.

Discussion: GigaOM, Forbes Real Time, SocialTimes, MOTHERBOARD, The Verge, Mashable!, WebProNews, New York Magazine and Hillicon Valley

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 …

Spencer E. Ante / Digits:
Kevin Rose: Digg Failed Because ‘Social Media Grew Up’

Discussion: Business Insider and VentureBeat

Brian Morrissey / Digiday:
Digg's Forgotten Legacy: Native Monetization

Discussion: Forbes Real Time

Bloomberg:

Diller Says Aereo Will Expand To Most Large U.S. Cities — Aereo Inc., the online television service backed by Barry Diller, will expand from New York to other large U.S. cities following a favorable court ruling, the 70-year-old billionaire said. — “We're going to really start marketing …

Discussion: AllThingsD, Business Insider, Gotta Be Mobile, Betabeat, Fast Company, VentureBeat, CNET and The Verge

Joe Flint / Los Angeles Times:
Barry Diller making trouble for broadcasters

Discussion: MediaPost and Washington Post

Michael Malone / Broadcasting & Cable:

Magid Study: Newspapers Rule Twitter, Stations Rule Facebook — Local media using Twitter at end of story cycle, not beginning — The magic number for stations posting on Facebook ranges between 5 and 12 daily posts, according to a social media survey from Frank N. Magid Associates …

Discussion: iMediaConnection Blog and TVSpy

Al Tompkins / Poynter:

How Open Records law would have stopped sex abuse sooner at Penn State — The Freeh report on the Jerry Sandusky Penn State sex abuse scandal makes many recommendations on how the whole rotten mess might be avoided in the future, including transforming the very culture of the university.

Discussion: CJR, The Daily Beast, Grantland, MarketWatch, PennLive.com and IRE.org

Ingrid Lunden / TechCrunch:

BBC Launches Localized iOS, Android Olympics Apps (Video Not Included Internationally) — The two-week countdown to the Olympics is on, and the big broadcasters are getting their ducks in line for how they will be streaming, tweeting, sharing, and generally filling your digital life with their own twists on the global sporting event.

Discussion: bbc.co.uk, NetNewsCheck Latest, The Next Web and Los Angeles Times

Steve Myers / Poynter:
For AP, Olympics are the Olympics of news coverage

Discussion: Associated Press and ap.org

Jay Rosen / Pressthink:

If Mitt Romney were running a “post-truth” campaign, would the political press report it? — No, they would not. This falls under: too big to tell. — The Boston Globe reports: Mitt Romney stayed at Bain 3 years longer than he stated. “Firm's 2002 filings identify him as CEO, though he said he left in 1999.”

Discussion: Erik Wemple, msnbc.com, 2012 Decoded and Politico

Erik Wemple:
Text of Romney campaign correction request to the Boston Globe

Discussion: The Huffington Post, FactCheck.org, TIME.com and Politico

Nielsen:

Survey: Netflix Users Streaming More TV — Following the announcement earlier this year by Netflix that their members had enjoyed more than two billion hours of streamed video in Q4 2011, a recent Nielsen survey shows 19 percent of the respondents prefer to use the service for TV or TV-like programming …

Discussion: Multichannel, Mashable!, Digits, CNET, WebProNews, Radio & Television … and TechCrunch

Dylan Byers / Politico:

The Daily Caller considering a print edition — The Daily Caller, the conservative news site run by former Dick Cheney adviser Neil Patel, is eyeing the launch of a print edition, POLITICO has learned. — Sources familiar with the plans say that the print edition would launch in January 2013 …

Discussion: FishbowlDC

Noah Buhayar / Bloomberg:

Buffett Poised To Add Newspapers As Publishers Face Slump — Buffett: 'I'd Rather Buy Newspapers Myself' — Warren Buffett, the chairman of Berkshire Hathaway Inc. (BRK/A), said he may increase his journalism bet as publishers seek to get rid of newspapers with falling sales.

Andy Plesser / Beet.TV:

BBC Expanding Web Video News Operations in London and Washington to Meet Surging Advertiser Demand — LONDON - Demand from advertisers to run pre-roll ads on BBC News online video far outpaces editorial inventory by a four-to-one ratio, says Andrew Roy, Head of News, BBC World News …

Craig Silverman / Poynter:

Haik: Washington Post web team a ‘disruption layer’ in the newsroom — At a London conference, Washington Post executive producer for digital news Cory Haik said the Post's website will most likely be responsively designed by the end of 2013. — Haik delivered a keynote address …

Discussion: One Man & His Blog and news:rewired

Keith J. Kelly / New York Post:

TomKat breakup a boon for celebrity mags — The dissolved marriage of Tom Cruise and Katie Holmes has been a celebrity magazine bonanza — at least judging by newsstand sales in the first post-split week. — People was the biggest winner, with its newsstand sales climbing 27 percent …

Discussion: FishbowlNY, The Huffington Post and Hollywood Reporter