Mediagazer: MobiTV Pulls $75 Million IPO, Citing ‘Unfavorable’ Conditions (Ari Levy/Bloomberg)

6:10 PM ET, July 14, 2012

Top News:

Julie Moos / Poynter:

Chicago Tribune discovers plagiarism, suspends work with Journatic as its editorial manager resigns — One of Journatic's editorial leaders, Mike Fourcher, announced Saturday morning that he has resigned from the outsourcing company because he and the company's founders …

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

Mike Fourcher / Vouchification:

Why I Am Resigning From Journatic — This morning I submitted my resignation as Production Manager and head of editorial at Journatic, LLC. I did so because the founders and I fundamentally disagree about ethical and management issues as they relate to a successful news business.

Discussion: Street Fight, JIMROMENESKO.COM and Chicago Tribune

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

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

Om Malik / GigaOM:

In Memoriam: Even in losing, how Digg won — The Digg Townhall meeting broadcast live from the Democratic National Convention in Denver, Colorado. 2008. Photo courtesy of Eric Magnuson, via Flickr — Having spent a major part of the week sitting on a beach, practically disconnected …

Discussion: MOTHERBOARD, Marketing Pilgrim and VentureBeat

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, Slate, Betabeat and Los Angeles Times

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: AllThingsD, Social Media, CNET, blogs.ft.com and Forbes Real Time

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

Discussion: ChasNote

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

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

Hamilton Nolan / Gawker:
The Daily Was Just a Bad Idea

Discussion: The New York Observer, New York Magazine and FishbowlNY

Ari Levy / Bloomberg:

MobiTV Pulls $75 Million IPO, Citing ‘Unfavorable’ Conditions — MobiTV Inc. (MBTV) (MBTV), the maker of software that lets smartphone users watch live television, withdrew its plans for an initial public offering, citing “unfavorable market conditions.” — The Emeryville, California-based company …

Discussion: paidContent, Wall Street Journal and Multichannel News

Associated Press:

Thomson Reuters: Gay Marriage Ban Bad For Business — MINNEAPOLIS — The legal, business information and media company Thomson Reuters said Friday that an amendment to ban gay marriage in Minnesota would be bad for business. Prominent companies including General Mills and St. Jude Medical spoke …

Christopher S. Stewart / Wall Street Journal:

In Age of Twitter, NBC Rewrites Olympic Playbook — In NBC's Rockefeller Center headquarters, workers were hustling Friday to transform the “Saturday Night Live” sound stage into a command center for coverage of the 2012 Olympics Games. — Much of this is familiar territory for America's No. 3 network.

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