Mediagazer: The Lessons For Facebook, Twitter And Reddit In Digg's Demise (Jeff Bercovici/Forbes Real Time)

3:35 AM ET, July 14, 2012

Top News:

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: Social Media 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

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

Discussion: Wall Street Journal

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

Discussion: GigaOM, Digits, CNET, MOTHERBOARD, Forbes Real Time, blogs.ft.com, SocialTimes, Neatorama and MediaPost

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: Politico, paidContent, Poynter, The Next Web, @tcarmody and @edgecliffe

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.

Discussion: Chicago Tribune, Chicago Sun Times and Illinois Times …

Michael Oneal / Chicago Tribune:

Judge OKs Tribune Co. exit from bankruptcy — After more than 3 1/2 years of bitter legal conflict, the judge in Tribune Co.'s bankruptcy case said Friday he will approve a plan that will transfer ownership of the iconic Chicago-based media company to a group of hedge funds and banks based in New York and Los Angeles.

Discussion: Los Angeles Times, Associated Press, Hollywood Reporter, Chicago Sun Times, JIMROMENESKO.COM and Associated Press

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: CNET, The New York Observer, New York Magazine, FishbowlNY, Capital New York, Deadline.com and The Huffington Post

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

Jeff Bercovici / Forbes Real Time:

The Lessons For Facebook, Twitter And Reddit In Digg's Demise — If you're Mark Zuckerberg or Dick Costolo or David Karp, what happened to Digg is the kind of thing that messes with your sleep. If one virtual community can go from being worth almost $164 million to getting sold for parts in just a few years, why not another one?

Discussion: TechCrunch, Marketing Pilgrim and Betabeat

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

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 …

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, MarketWatch, Grantland, IRE.org and PennLive.com

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, Politico, Erik Wemple, FactCheck.org and CNN

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

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

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, NetNewsCheck Latest, The Next Web and Los Angeles Times