Mediagazer: BBC Expanding Web Video News Operations in London and Washington to Meet Surging Advertiser Demand (Andy Plesser/Beet.TV)

4:25 PM ET, July 13, 2012

Top News:

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 …

Discussion: Forbes Real Time, VentureBeat, Los Angeles Times, Bits, the Econsultancy blog, SocialTimes, WebProNews, Business Insider, Media News, The Wall Blog, Fortune, One Man & His Blog, Mashable!, ReadWriteWeb and The Next Web

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 …

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 and Forbes Real Time

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

The Daily:

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, @edgecliffe and @tcarmody

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: Capital New York, Gawker, The Huffington Post, Deadline.com, The Wall Blog and FishbowlNY

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, VentureBeat, Fast Company, CNET and The Verge

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

Discussion: MediaPost and Washington Post

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: NetNewsCheck Latest, bbc.co.uk, 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: msnbc.com, Erik Wemple, Politico and FactCheck.org

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

Discussion: 2012 Decoded, The Huffington Post, TIME.com and Politico

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

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, Broadcasting & Cable, Mashable!, Associated Press, 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 …

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: The Huffington Post, FishbowlNY and Hollywood Reporter