Mediagazer: The Math Behind Time Warner's Bleacher Report Deal (Peter Kafka/AllThingsD)

11:10 AM ET, August 7, 2012

Top News:

Cory Bergman / Lost Remote:

Lost Remote acquired by Mediabistro team — I'm excited to announce a new chapter for Lost Remote. WebMediaBrands, the parent company of Mediabistro, has acquired Lost Remote with plans to grow our social TV footprint. Don't worry, we're not going anywhere: I'll continue to play an active role …

Discussion: TVNewser, GeekWire, The Next Web and TVSpy

Mathew Ingram / GigaOM:

Bleacher Report and the evolution of the content farm — Turner Broadcasting confirmed on Monday that it is acquiring the sports-blogging network Bleacher Report for what some estimate to be about $175 million — a deal that was first reported by All Things Digital — to help the Time Warner unit bulk up its sports coverage.

Discussion: Wall Street Journal, NetNewsCheck Latest, FishbowlLA, eMedia Vitals, Media Decoder, Forbes, Top Digital Journal News, paidContent and Bloomberg

Peter Kafka / AllThingsD:

The Math Behind Time Warner's Bleacher Report Deal — Turner paid some $180 million for Bleacher Report yesterday, a move that gives the cable programmer a bunch of online sports inventory to sell to advertisers. — Reminder: Turner used to have a bunch of online sports inventory to sell to advertisers.

Discussion: Mashable!, Adweek, CNET, Business Insider and Multichannel

Andrew Beaujon / Poynter:

Revenue way up at Scripps' TV stations, down at its newspapers — Political advertising partly accounted for a 52 percent gain in television revenue in the second quarter compared to the year before, the E.W. Scripps Company announced in its earnings report Tuesday.

Discussion: Broadcasting & Cable

Katherine Rushton / Telegraph:

Church of England pulls News Corp investment over phone hacking scandal — The Church of England has pulled its £1.9m investment from Rupert Murdoch's News Corporation in a protest over its handling of the News of the World phone hacking scandal. — The Church Commissioners …

Discussion: Guardian

Josh Halliday / Guardian:

Operation Elveden: police officer and journalist arrested — A serving Sussex police officer and a journalist have been arrested by Scotland Yard officers investigating alleged corrupt payments to public officials. The 29-year-old male police officer and 37-year-old male journalist …

Discussion: @tomjharper

Daniel Frankel / paidContent:

Are the Olympics a bigger media draw than the Super Bowl? — Are the Games really bigger than the Big Game? — According to a Pew Research study released Monday, nearly 8 out of 10 Americans say they're following the London Olympics on either traditional television or via the internet.

Discussion: Pew Research Center …, NetNewsCheck Latest and Broadcasting & Cable

Graham Dunbar / Associated Press: NBC Olympics: IOC Says Network Can Delay Whatever It Wants

Steve Myers / Poynter:

Jonah Lehrer's publisher is reviewing all of his books — All three of Jonah Lehrer's bestselling books are under review by publisher Houghton Mifflin Harcourt, according to Lori Glazer, the company's vice president and executive director of publicity. The publisher pulled copies of …

Peter Kafka / AllThingsD:

The New Yorker Lands On the iPhone, with Help from Lena Dunham and Jon Hamm — Here's another way to crack the “big stack of old New Yorkers you don't have time to get to” problem: You can now read the magazine on your iPhone, via a new app. — If you've used the New Yorker's iPad app …

Laura Hazard Owen / paidContent:

Digital replicas are still just a tiny sliver of the U.S. magazine industry — This morning, the Audit Bureau of Circulations released its report on U.S. and Canadian magazine circulation for the first half of 2012. The ABC's data covers over 500 magazines. Some findings:

Discussion: Audit Bureau of Circulations

Bloomberg Blog:

Bloomberg.com Launches New Politics Page and “Political “Capital” Blog — Bloomberg.com today announced the launch of a new Politics page featuring top stories, daily video commentary from Bloomberg's Al Hunt, a state-by-state analysis of campaign spending and a “Political Capital” blog offering data-rich perspectives and insight.

Discussion: NetNewsCheck Latest, Politico and Talking Biz News

Andrew Beaujon / Poynter:

Report: Journatic lays off staff — Journalism-outsourcing company Journatic has laid off an unspecified number of full-time staffers, according to Anna Tarkov. A source tells her that Jeremy Pafford gave employees the news. “The reason given was that the workload has decreased significantly …

Discussion: THE OUTSIDER

Christine Haughney / New York Times:

Guided by Lucky Magazine, Shopping Will Soon Require Less Clicking — Before women go to the mall, they go to the shopping bible Lucky. Now the magazine wants to save them the price of gas. — On Aug. 17, the magazine will introduce a shopping site called mylucky.com that will direct readers …

Discussion: eMedia Vitals, Marketing Pilgrim and Mashable!