Mediagazer: Virtual life on the line, The Daily launches WKND (Staci D. Kramer/paidContent)

11:45 AM ET, July 14, 2012

Top News:

Julie Moos / Poynter:

Chicago Tribune suspends work with Journatic as editorial head resigns — Editorial head Mike Fourcher announced Saturday morning that he has resigned from outsourcing company Journatic because he and the company's founders “fundamentally disagree about ethical and management issues as they relate to a successful news business.”

Discussion: Radio & Television …, WY Daily, Chicago Tribune, Chicago Sun Times and JIMROMENESKO.COM

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 and Associated Press

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

Staci D. Kramer / paidContent:

Virtual life on the line, The Daily launches WKND — News Corp.'s digital tabloid The Daily has been on borrowed time since it was an idea, given enough resources and backing by Rupert Murdoch to launch with a flourish but no guarantee that it would last. Given the way some projects have gone …

Discussion: The Daily and CNET

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, New York Magazine, FishbowlNY, Capital New York and Deadline.com

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: GigaOM, AllThingsD, Social Media, CNET and Forbes Real Time

Jeff Bercovici / Forbes:

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, Marketing Pilgrim and blogs.ft.com

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

Discussion: ChasNote

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 and Bloomberg

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

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 …

Craig Silverman / Poynter:

Haik: Washington Post web team a ‘disruption layer’ in the newsroom — At a London conference, Washington Post executive producer for digital news Cory Haik said the Post's website will most likely be responsively designed by the end of 2013. — Haik delivered a keynote address …

Discussion: news:rewired and One Man & His Blog