Mediagazer: That Was Fast: Big Media Investors Are Okay With Aereo, After All (Peter Kafka/AllThingsD)

7:40 AM ET, July 14, 2012

Top News:

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, Hollywood Reporter, Chicago Sun Times, Associated Press, Associated Press and JIMROMENESKO.COM

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

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, CNET and Forbes Real Time

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, Betabeat and Marketing Pilgrim

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

Discussion: GigaOM, blogs.ft.com and Wall Street Journal

Peter Kafka / AllThingsD:

That Was Fast: Big Media Investors Are Okay With Aereo, After All — Remember Thursday? When investors in big TV companies freaked out a bit about Aereo? — That's all old news now: All the big media companies that took hits yesterday — Comcast, Viacom, Disney, etc. …

Discussion: Current.org Blog

Bloomberg:
Diller Says Aereo Will Expand To Most Large U.S. Cities

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

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

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

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

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 …

Erik Wemple:

Text of Romney campaign correction request to the Boston Globe — Mitt Romney's campaign asked the Boston Globe for a correction to its big story this morning on the timing of the candidate's departure from Bain Capital. The correction request is a muscular bit of polemical writing …

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

Jay Rosen / Pressthink:
If Mitt Romney were running a “post-truth” campaign, would the political press report it?

Discussion: Politico, msnbc.com, Erik Wemple, FactCheck.org and CJR

Steve Myers / Poynter:

For AP, Olympics are the Olympics of news coverage — The Associated Press announced its 2012 Olympics coverage plan Thursday, and as you might expect it's expansive: text packages and updates posted throughout the day, medal counts on its AP Mobile apps, interactive presentations viewable …