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1:25 PM ET, July 13, 2012

Mediagazer

 Top News: 
Wall Street Journal:
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 …
RELATED:
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 …
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: MOTHERBOARD
Brian Morrissey / Digiday:   Digg's Forgotten Legacy: Native Monetization
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 …
RELATED:
Joe Flint / Los Angeles Times:
Barry Diller making trouble for broadcasters
Discussion: MediaPost and Washington Post
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: Politico, CNN and Mother Jones
RELATED:
Erik Wemple:
Text of Romney campaign correction request to the Boston Globe
Dylan Byers / Politico:
Romney camp: Globe story ‘inaccurate’
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.
RELATED:
Steve Myers / Poynter:
For AP, Olympics are the Olympics of news coverage
Discussion: Associated Press and ap.org
Salvador Rodriguez / Los Angeles Times:
NBC launches Olympics apps; one will stream every single event
Discussion: Forbes Real Time and CNET
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 …
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: 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: MarketWatch, PennLive.com and IRE.org
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 …
Discussion: Forbes Real Time and Erik Wemple
RELATED:
Jeff Bercovici / Forbes Real Time:
Viacom and DirecTV Are Both Right, But DirecTV Is Righter
Lucia Moses / Adweek:
Publishers' Online Headache  —  With mobile devices, magazines have more ways than ever to distribute their content—and more ways of getting ripped off.  —  Like the music and movie businesses before them, magazines are getting their own taste of piracy with the spread of tablets and handheld mobile devices.
Discussion: eMedia Vitals
Noah Rothman / Mediaite:
Chicago Murders Prompt Geraldo Brag: ‘I Was Right About The Hoodie’  —  On Fox & Friends on Friday, Geraldo Rivera joined to cast to talk about a spike in homicides in Chicago that has left several children dead.  He said that some of those shootings in Chicago occurred because the victim was wearing …
Chris Roush / Talking Biz News:
Dow Jones buys remaining 40 percent stake in WSJ's Japan site  —  Dow Jones & Co. announced Friday that it has acquired the 40 percent stake of its Japanese language site for The Wall Street Journal that it didn't already own from its business partner.  —  Following completion of the acquisition …
 
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 More News: 
Keith J. Kelly / New York Post:
TomKat breakup a boon for celebrity mags
Discussion: FishbowlNY
David Turner / Nieman Reports:
Inside the BBC's Verification Hub
Matthew Fleischer / FishbowlLA:
Reuters Teams Up with Next Media Animation
Federica Cherubini / Editors Weblog:
Journalistic start-ups in Western Europe: survival is success
Juliette Jowit / Guardian:
MPs to question BBC executives over high-paid staff
Discussion: Deadline.com
 Earlier Picks: 
Mathew Ingram / GigaOM:
Has Nick Denton really reinvented comments?
Discussion: Nieman Journalism Lab
Dan Sabbagh / Guardian:
Bush House ceases BBC broadcasts after 71 years
Discussion: mnilive.com and BBC
Daniel Frankel / paidContent:
Insider: Variety acquisition cost will far exceed a $40M price tag
Discussion: FishbowlLA
Jeff John Roberts / paidContent:
Justice Dept allows FBI anti-piracy seal on books, photos, doodles
Discussion: Politico and Techdirt
Jim Romenesko:
Reporter does consulting work for school district while covering it
Discussion: Alexandria Times
 

 
From Techmeme:

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Paresh Dave / Wired:
Google says it wouldn't force its device makers, browser, and wireless carrier licensees to distribute Gemini to US users for three years, in a proposed remedy

Reuters:
Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
 
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