Mediagazer: CNN Worldwide President Jim Walton announces he is stepping down at the end of the year (CNN)

12:50 PM ET, July 27, 2012

Top News:

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: Media Decoder, Broadcasting & Cable, Poynter, Politico, Capital New York and @michaelwolffnyc

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

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: The Huffington Post, Los Angeles Times and BBC

Twitter Blog:

Spotlight on Olympic stories — When it comes to events that capture the world's attention, the Olympic Games have long been the gold standard — and never more so than right now, when Twitter is on hand for every competition. Even today, heading into the Opening Ceremony …

Discussion: The Verge, WebProNews and Guardian

Janko Roettgers / GigaOM:
Streaming the Olympics: How YouTube and NBC do it

Discussion: The Verge and Moasis

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

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.

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, Thanks:@myersnews

Associated Press:
New York Times Stock Jumps After Revenue Report

Discussion: New York Magazine, Forbes, ValueWalk, JIMROMENESKO.COM, Poynter, NetNewsCheck Latest, New York Times, MediaPost, Capital New York, Guardian, Reuters, FishbowlNY, The New York Times Company and paidContent

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.

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: Beet.TV, Media Week, Reuters, Telegraph, Guardian and Pearson

Andrew Beaujon / Poynter:

McClatchy to expand paywalls across chain in fourth quarter — McClatchy says it intends “to roll out a metered plan in the third quarter in five of our markets” in its press release about the company's second-quarter earnings, and it will start charging at the rest of its papers in the fourth quarter.

Discussion: MediaPost, Wall Street Journal, Sacramento Bee, The McClatchy Company and AllThingsD

Jim Romenesko:

David Vitter to Steve Newhouse: I Urge You To Sell — “I urge you to sell” the Times-Picayune, U.S. Sen. David Vitter tells Steven Newhouse. — July 26, 2012 — Steven Newhouse — Chairman — Advance Publications — 950 Fingerboard Rd. — Staten Island, NY 10305 — Dear Steven Newhouse:

Discussion: The Huffington Post and Politico

Andrew Beaujon / Poynter:
Saints owner offers to buy Times-Picayune

Discussion: New Orleans Times-Picayune, WWL-TV, JIMROMENESKO.COM and Blog of New Orleans, Gambit

Owen Bowcott / Guardian:

Twitter joke trial: Paul Chambers wins high court challenge to his conviction — Accountant says he feels ‘relieved and vindicated’ as court rules his joke tweet about blowing up an airport was not menacing — Paul Chambers, who was found guilty of sending a menacing tweet, has won his high court challenge against his conviction.

Discussion: Forbes, CNET, The Independent, PC Magazine, Wired.co.uk, Telegraph, BBC, Associated Press, Daily Mail, Daily Dot, Gizmodo and WebProNews

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

Arik Hesseldahl / AllThingsD:

Google Gets Into the Cable TV Business, for Real — Google just announced as part of its Google Fiber broadband Internet service that it will be getting into the real TV business. — The disclosure came at a presentation in Kansas City, where it is unveiling a high-speed Internet offering.

Discussion: Fast Company, Media News, Techland, CNET, PC Magazine, Lost Remote, Broadcasting & Cable, BuzzFeed, Technology Liberation Front, VentureBeat, The Verge, MacStories, Susan Crawford blog, MediaPost and NetNewsCheck Latest

Adi Robertson / The Verge:
HBO, AMC, ESPN missing from Google Fiber TV channel list (Update: no Time Warner or Disney channels listed)

Discussion: The Verge and GigaOM

Joe Flint / Los Angeles Times:

TCA: ABC News chief apologizes for Aurora mistake by Brian Ross — Ben Sherwood was critical of reporter Brian Ross. — ABC News President Ben Sherwood said reporter Brian Ross' speculation that James Holmes, the suspect in the mass shooting in Aurora, Colo., could be linked to the tea party …