Mediagazer: Judge OKs Tribune Co. exit from bankruptcy (Michael Oneal/Chicago Tribune)

11:25 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, @tcarmody, The Next Web, @edgecliffe and Garcia Media

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 and App Advice

Amy Chozick / Media Decoder:
News Corp. Said to Be Deciding Fate of The Daily

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

Spencer E. Ante / Digits:

Kevin Rose: Digg Failed Because ‘Social Media Grew Up’ — In his first interview since the remains of fallen social media Digg star were sold to Betaworks, Digg's founder Kevin Rose said he sold some company shares during the its venture-capital financing rounds but “did not make a lot of money.”

Discussion: Betabeat, SocialTimes and Adweek

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

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

Discussion: Digits, GigaOM, Forbes Real Time, CNET, MOTHERBOARD, blogs.ft.com, SocialTimes, Neatorama, MediaPost, The Wall Blog and PC Advisor

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

Discussion: Wall Street Journal, Forbes Real Time and Mashable!

Julie Moos / Poynter:

Chicago Tribune suspends work with Journatic — In a letter to readers published late Friday evening, Chicago Tribune President Vince Casanova announced the paper would suspend its relationship with Journatic, the outsourcing company it invested in and was counting on to take over its TribLocal websites.

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, Politico, TIME.com and CNN

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

Discussion: The Huffington Post, 2012 Decoded and FactCheck.org

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

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

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, Betabeat, Gotta Be Mobile, Fast Company, VentureBeat, CNET, The Verge and Los Angeles Times

Paul Tassi / Forbes Real Time:

Battle Royale Between DirecTV, Viacom, Dish and AMC Pushes TV Closer to Irrelevancy — If you've been keeping track of the drama surrounding cable TV lately, chances are you have a headache. First it was Dish upsetting Breaking Bad fans by dropping AMC ahead of this week's premiere …

Discussion: Digital Media Wire and The Atlantic Online

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 …

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.

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, The Next Web, NetNewsCheck Latest and Los Angeles Times

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

Discussion: Associated Press and ap.org

Rob Walker / New York Times:

Can Tumblr's David Karp Embrace Ads Without Selling Out? — It's been said (by Steve Jobs, no less) that good design is not just about how a thing looks but rather about how a thing works. But maybe design is also about how a thing feels. — The design of Tumblr, the blogging tool and social network, is guided by feeling.

Discussion: The Verge