Mediagazer: The Washington Post's not-so-good earnings report (Ryan Chittum/CJR)

4:20 PM ET, August 3, 2012

Top News:

Washington Post Co. second-quarter profit up 13.6 percent — The Washington Post Co. reported a 13.6 percent increase in second quarter profit, but net income from continuing operations fell 28.6 percent. — The company announced net income of $51.8 million, or $8.84 a share, up from $45.6 million, or $5.74 a share, a year earlier.

Discussion: The Wrap, Broadcasting & Cable, Politico, Bloomberg, Poynter, @mathewi, @mathewi, Business Wire and Reuters

Ryan Chittum / CJR:

The Washington Post's not-so-good earnings report — The paper puts a positive spin on another poor quarter — Here's how the Washington Post covers its namesake parent company's dismal second-quarter earnings report: … Here's how everybody else covers the Washington Post's erns:

Discussion: City Desk, Wall Street Journal, MarketWatch and JIMROMENESKO.COM

Andrew Beaujon / Poynter:

Newhouse on New Orleans changes: 'There's every reason to be upset and angry, but...' — Steven Newhouse knows a lot of people don't like his company's decision to reduce print frequency and staff at its newspapers and move most of its publishing online. — “There's every reason to be upset …

Discussion: @jayrosen_nyu

Steve Newhouse / Poynter:

Steve Newhouse explains Michigan transition, Times-Picayune future — Opinion: Securing a Future for Our Local Journalism — Four years ago, Advance Publications, which operates newspapers and websites in more than 25 cities, began looking at different approaches to building a viable future for our local newspapers and websites.

Nadia Khan / Unity News:

Student journalist ejected from open NAHJ board meeting — The president of the National Association of Hispanic Journalists, Michele Salcedo, refused to allow media coverage of its open board meeting Tuesday, July 31, 2012. Salcedo barred use of social media and video recording in the meeting …

Discussion: JIMROMENESKO.COM and JIMROMENESKO.COM

Tanzina Vega / New York Times:
Division Threatens Unity as Minority Journalists Meet

Discussion: Poynter, The Maynard Institute …, Unity News and The Newspaper Guild

Richard Prince / The Maynard Institute …:
NAHJ Defends Ban on Social Media

Discussion: NPR, Unity News and Loop21

Steve Myers / Poynter:

How AP photographer captured Gabby Douglas Olympics photo: Practice, practice, practice — Associated Press photojournalist Greg Bull was waiting for that moment, the point in Gabby Douglas' balance bar routine at which she leaps the highest, spreading her arms and legs and looking straight up at the ceiling.

Discussion: Speakeasy, Deadspin and Gawker

Steve Myers / Poynter:

Plagiarism, more fake interviews in Jonah Lehrer's ‘Imagine,’ ‘How We Decide’ — Michael C. Moynihan, the journalist who discovered that Jonah Lehrer had fabricated quotations from Bob Dylan and misquoted others in his book “Imagine,” says he's found more problems:

Discussion: New York Magazine, TwitLonger, Los Angeles Times, Cognoscenti and The Panic Virus

Alexis Madrigal / The Atlantic Online: 15 Minutes of Meaning for Jonah Lehrer

Peter Kafka / AllThingsD:

CBS Loves Apple TV, in Theory — CBS boss Les Moonves gets asked a lot about his willingness to do business with Apple. And his answer is always the same: “Sure! As long as it's on our terms.” — Yesterday's earnings call was no exception. Here's the full exchange between the CBS CEO …

Discussion: B&C, MacRumors, Wall Street Journal, Reuters, 9to5Mac and Media Decoder

Andy Fixmer / Bloomberg:
CBS Second-Quarter Profit Rose 8.1% as Advertising Slid

Discussion: Business Insider and Adweek

Peter Kafka / AllThingsD:

The Truth About Pay TV: It's Still Not Shrinking — Reuters says more than 400,000 Americans have dropped pay TV this year. So maybe cord-cutting is real, after all. — But if it is, the numbers don't show it. — It's easy to be confused about this stuff, but it's also easy to clear it up …

Discussion: Reuters, Forbes, BGR, CNET, paidContent and Forbes

Amy Wicks / WWD:

Brides to Go Bimonthly — These days, bridal-industry experts say it takes a year and a half to plan a wedding. Coincidentally, it seems that will be the same amount of time it will take Brides magazine to overhaul its magazine, which began almost a year ago with the hiring of new editor …

Discussion: FishbowlNY, Adweek, Folio and AdAge

Laura Hazard Owen / paidContent:

Is Facebook Stories the next Patch, Flipboard, HuffPo or something else? — Facebook is testing out original content publishing with Facebook Stories, a site that will “share the stories of people using Facebook in extraordinary ways.” It's unclear what Facebook Stories is yet …