Mediagazer: CNN chief Jim Walton resigns after 10 years leading CNN worldwide (David Bauder/Associated Press)

3:45 PM ET, July 27, 2012

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Janko Roettgers / GigaOM:

Streaming the Olympics: How YouTube and NBC do it — Jason Gaedtke, director of software engineering for YouTube's live streaming efforts, doesn't expect to get much sleep over the next two weeks. YouTube is live streaming the London Olympics for NBC , and Gaedtke is about to go on a time …

Discussion: CNET, Multichannel, YouTube Blog, Forbes, TVbytheNumbers, Pocket-lint and NextGen Journal

Paul Farhi / Washington Post:

Olympics coverage by NBC News questioned — To cover this summer's Olympic Games, NBC News will deploy a journalistic force of some 450 people, including 25 reporters and its lead anchorman, Brian Williams. The network has been featuring Olympic updates on the Williams-anchored “Nightly News” …

Discussion: NetNewsCheck Latest, The Huffington Post, Los Angeles Times and BBC

Twitter Blog:
Spotlight on Olympic stories

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Sarah Marshall / Journalism.co.uk:
How a software firm is helping the BBC and PA deal with vast Olympics data

Discussion: Big News Network.com and Los Angeles Times

Rachel McAthy / Journalism.co.uk:
Guardian gives readers option to ‘hide Olympics’ section on homepage

Discussion: The Atlantic Online and The Next Web

David Bauder / Associated Press:

CNN chief Jim Walton resigns after 10 years leading CNN worldwide — NEW YORK — CNN chief Jim Walton said Friday he is quitting, saying the company needs new leadership at a time its flagship U.S. network is suffering through some of its poorest ratings ever.

Discussion: Forbes, Guardian, Media Decoder, Politico, Poynter, @andersoncooper, @michaelwolffnyc, The Wrap, CNN, Broadcasting & Cable, Capital New York, The Wrap and Mediaite

CNN:

CNN Worldwide President Jim Walton announces he is stepping down at the end of the year — Jim Walton told the CNN organization today that he will step down as president of CNN Worldwide at the end of this year. He will continue in his current role until that time.

Discussion: Mediaite

Al Tompkins / Poynter:

Denver TV stations pool interviews with theater shooting victims, families — Kevin Torres is a multimedia journalist for KUSA-TV, the NBC station in Denver. Usually he shoots, writes and edits his own stories. — On Tuesday, the key interview in his story was shot by the ABC station in town.

Discussion: TVSpy

Wall Street Journal:

New Orleans News Organization to Be Created by NPR, University of New Orleans — NPR, Other Nonprofits Band Together to Provide an Alternative to Local Paper — National Public Radio, the University of New Orleans, and a group of business and community leaders will announce Friday …

Discussion: New Orleans Times-Picayune, Poynter, Blog of New Orleans, Gambit, JIMROMENESKO.COM, Current.org Blog and mediabistro.com

Robert Andrews / paidContent:

In new ad downturn, subscription salvation for some, gold rush for others — By now, the world was supposed to have emerged from the worst of the global economic storm that dampened advertising dollars through 2008 and 2010. But lingering European concerns suggest the ad dip is back …

Discussion: production.investis.com and Guardian

Rick Edmonds / Poynter:

New York Times' circulation revenue lags growth in digital subscriptions — Wall Street rewarded The New York Times Co. with a 10 percent stock price increase Thursday after a second-quarter earnings report with several significant bits of good news: — For a second consecutive quarter …

Discussion: CJR, Beet.TV and Poynter, Thanks:@myersnews

Associated Press:
New York Times Stock Jumps After Revenue Report

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Ingrid Lunden / TechCrunch:

Financial Times: Our Digital Subscribers Now Outnumber Print, And Digital Is Half Of The FT's Revenue — A milestone reached as the world of old media continues its push in a digital direction: the storied, pink-sheeted daily newspaper the Financial Times, read by 2.1 million readers daily …

Discussion: GalleyCat, NetNewsCheck Latest, VatorNews, Journalism.co.uk, Pearson, Media Week, Telegraph, Reuters and Guardian

Jeff John Roberts / paidContent:

Google says book scanning didn't cost authors a single sale — Google cites everything from Mad Men to minority rights in a fresh attempt to bolster its claim that the scanning of millions of books qualifies as a “fair use” under copyright law. The arguments, set out in court filings submitted on Friday …

Discussion: Bloomberg and Reuters

Martin Bryant / The Next Web:

YouTube founders' new magazine-focused Web curation app Zeen opens in beta — Back in April, AVOS, the company started by YouTube founders Chad Hurley and Steve Chen, quietly launched a teaser for a new project called Zeen. Today it's gone live to people who applied for early beta access.

Ina Fried / AllThingsD:

Documents in Apple vs. Samsung Give Reporters Plenty to Chew On — So this is what all those lawyers have been up to. — For anyone wondering if all of those hundreds of attorneys were really working on Apple versus Samsung, Thursday's avalanche of paperwork makes it clear that they were.