Mediagazer: Netflix Returns To Profitability; Olympics To Hurt New Signups (Bloomberg)

7:00 AM ET, July 25, 2012

Top News:

Charlie Warzel / Adweek:

Fast Chat: Erik Martin on Reddit's Coverage of the Aurora Theater Massacre — In the immediate aftermath of the Aurora theater shooting social news and community site Reddit quickly became a prominent resource for coverage. Well before most awoke on Friday morning, 18-year-old Redditor Morgan Jones …

Thanks:@cwarzel

Michael Barthel / Salon: Hold the Reddit hype

Peter Kafka / AllThingsD:

Netflix Hits Its Q2 Numbers, A Little Light on Subscribers — A first look at the Netflix Q2 numbers: Earnings of 11 cents a share on revenue of $889 million. The street was expecting five cents per share and $889 million. At least as important, though, are the video service's subscriber numbers.

Discussion: paidContent, NetNewsCheck Latest, CNET, Media Money …, Home Media Magazine, Media Decoder, TechCrunch, VentureBeat, The Verge, Forbes, Engadget, Business Insider and MarketBeat

Bloomberg:

Netflix Returns To Profitability; Olympics To Hurt New Signups — Netflix Posts 2Q Profit, Tops Estimates — Netflix Inc. (NFLX), the world's largest video-subscription service, returned to profitability in the second quarter. The shares fell 11 percent in extended trading after the company …

Erik Wemple:

Aurora shootings: Was Brian Ross's mistake evidence of bias? — Last Friday, amid a newsburst regarding the Aurora, Colo., shootings, ABC News Chief Investigative Correspondent Brian Ross committed the unforgivable mistake of speculating on air about the identity of an alleged mass murderer.

Discussion: Fox News and NewsBusters.org blogs

Alex Weprin / TVNewser:
Colorado Shooting: Cable News a Destination For Viewers Looking For The Latest

Discussion: Reuters, FishbowlDC, Chickaboomer, TVSpy and Washington Post

Tracie Powell / Poynter:
Denver Post covering Colorado shooting without a copy desk

Discussion: Politico and Poynter

Chris Dixon:

BuzzFeed's strategy — BuzzFeed's CEO, Jonah Peretti, recently sent out an email to employees and investors summarizing the company's strategy and progress. I really liked his email so I asked Jonah if I could blog it and he gave me permission. This isn't just the usual cheerleading email …

Discussion: @michaelroston, @dylanbyers, @peretti and Business Insider

Joe Pompeo / Capital New York:

At ‘Daily News,’ staffers gather hoping to hear Colin Myler's vision for the paper — Colin Myler's first half-year at the helm of the Daily News has seemed, from the outside, relatively subdued. — With his name still entangled in the U.K. phone-hacking scandal for which there appears …

Discussion: Capital New York

Joe Pompeo / Capital New York:
‘Daily News’ fires political editor Ian Bishop on eve of 2012 conventions

Discussion: FishbowlNY

Joe Pompeo / Capital New York:
‘Daily News’ hires Alexander Hitchen, ‘Enquirer’ reporter who broke the John Edwards-Rielle Hunter scandal wide open

Discussion: FishbowlNY

Glenn Peoples / Billboard.Biz:

Business Matters: How Spotify's First Year Compares to Pandora, Vevo, YouTube and Others — How Does Spotify's First Year Stack Up? — Spotify's tenure in the U.S. has reached one year. Is the performance good, bad or mediocre? See how the service compares to other segments and players in digital music.

Discussion: NetNewsCheck Latest

Kelly McBride / Poynter:

Obit writers played it straight after learning Sally Ride was gay — You can add Sally Ride to the ranks of public figures who have come out lately in a quiet, understated way. Anderson Cooper did it in an email. Actor Matt Bomer did it by thanking his partner while accepting an award.

Discussion: Forbes, Washington Post, Online NewsHour and The Daily Dish

Chris Mohney / Storyboard:

The Art of the Profile with David Remnick of ‘The New Yorker’ — David Remnick writes for fun. That might seem an odd sentiment coming from the editor in chief of The New Yorker, a magazine known for an eminent tradition of literary and journalistic gravitas. But his kind of “fun” shouldn't be misread as trivial.

Josh Sternberg / Digiday:

Salon Soldiers On — Pioneering an industry is a tough game, especially when you watch many others enter, catch-up and surpass you. After introducing the concept of online-only, high-quality journalism 17 years ago, Salon is standing. Once an insurgent, Salon is now a legacy Web media brand struggling …

Ryan Chittum / CJR:

When a news executive sits on a bank's board — The FT Group's Fairhead is a director of troubled HSBC — It's unusual—rare, even—for the CEO of a major financial news and information concern to serve on the board of directors of a giant global bank. — There's a reason for that.

Forrest Wilder / The Texas Observer:

Washington Post Reporter Allows College Officials to Alter Story on Controversial Test — Reporter breaks journalistic convention by sharing entire drafts with ‘customers’ in University of Texas press office. — In February, Daniel de Vise, a reporter for the Washington Post …

Associated Press:

Vatican newspaper getting wider distribution in US — VATICAN CITY (AP) — Vatican newspaper L'Osservatore Romano says it is starting a new distribution deal in the United States, in the hope of broadening its English-language readership base and getting editions to subscribers faster.

Mark Sweney / Guardian:

Phone hacking: who's been charged? — Profiles of the seven former News of the World staff who face charges, plus private investigator Glenn Mulcaire — Rebekah Brooks — As the former chief executive of News International, Brooks was one of the most powerful people in the UK …

Discussion: PBS and @davidleigh3