Mediagazer: Stop the Presses — The Oregonian may not be a daily newspaper much longer. (Aaron Mesh/Willamette Week)

10:20 PM ET, August 8, 2012

Top News:

Peter Kafka / AllThingsD:

News Corp. Takes $2.8 Billion Charge — News Corp. missed its quarterly numbers today by reporting adjusted earnings of 32 cents a share on revenue of $8.4 billion; the Street was expecting 32 cents and $8.7 billion. — More interesting is the $2.8 billion “non-cash impairment charge” …

Discussion: Capital New York, Forbes, The Wrap, Guardian, Bloomberg, Multichannel, Variety, Los Angeles Times, Wall Street Journal, @edmundlee, Fox Business, CNBC, TechCrunch and Media Money …

Robert Andrews / paidContent:

News Corp writes $2.8 billion off its publishing activities — Suddenly, you can see why News Corp is eager to split its news, TV and movie businesses in two... Operating income in the group's existing “publishing” division - comprising Dow Jones, WSJ, The Daily, New York Post …

Discussion: Home Media Magazine

Joe Pompeo / Capital New York: In earnings call, News Corp. executive says they are ‘on course’ with breakup plan

Reuters: News Corp posts higher profit on cable, movies

David Folkenflik / @davidfolkenflik:
News Corp releases 4th Quarter earnings report - registers $224M annual cost for ongoing investigations related to News of the World.

Discussion: @edgecliffe

Peter Kafka / AllThingsD:

The New York Times Is About to Say Goodbye to About.com — The New York Times' time with About.com may be coming to an end. The paper has been looking to get rid of the struggling Web site, which produces high-volume, low-cost content, and has a deal in place to sell it to Answers.com.

Jeff Bercovici / Forbes: NY Times Co. Stock Trading Up On About.com Sale Report

Amy Chozick / New York Times:

Obama Is an Avid Reader, and Critic, of the News — WASHINGTON — A few months after President Obama's $787 billion economic stimulus package passed, he began to notice news reports, but not about the jobs the bill might create or how much of the country's infrastructure it would repair.

Discussion: CJR, The Atlantic Online, NewsBusters.org blogs, Poynter, thenation.com/blogs/180, Media Decoder, Washington Wire, TVNewser, The Huffington Post, The Raw Story, Prof Chris Daly's Blog and The Caucus

Craig Silverman / Poynter:

Washington Post's TruthTeller project hopes to birth real-time fact-checking — Steven Ginsberg saw the future of fact-checking while listening to a politician tell lies in Iowa last summer. — “It was one of those small parking lot affairs outside a sports bar and the candidate …

Steve Myers / Poynter:

New York Times news apps team ventures into product development with Olympics syndication — The New York Times has built an impressive online home for its Olympics coverage, with instantly-updated results, medal counts, athlete bios, and of course stories and photos.

Discussion: @zimbalist

Linda Holmes / NPR:
Good Business, Bad Quality: How NBC Is Both Right And Wrong On The Olympics

Discussion: business.time.com

Aaron Mesh / Willamette Week:

Stop the Presses — The Oregonian may not be a daily newspaper much longer.

Discussion: JIMROMENESKO.COM, Poynter and The Newspaper Guild

Michael Calderone / The Huffington Post:

Bloomberg News Doubles Staff For 2012 Political Conventions — NEW YORK — Al Hunt, Washington editor of Bloomberg News, said he still gets “excited” heading to the political conventions — even after covering 19 previous Republican and Democratic gatherings over the past 40 years.

Dylan Byers / Politico:
Al Gore to host conventions for CurrentTV

Discussion: The Huffington Post

Jennifer H. Svan / Stars & Stripes:

Delayed Olympic coverage irks AFN viewers — KAISERSLAUTERN, Germany — Michael Phelps concluding his record-setting Olympic career and Usain Bolt blowing away the competition on the track are among the highlights so far of the 2012 Summer Olympics broadcast on AFN Europe.

Discussion: Deadspin

Eric Pfanner / New York Times:
BBC's Olympics Broadcasts Focus on Live Coverage

Discussion: Search Engine Land

Victor Fiorillo / Philly Magazine:

$28 Million In Cuts Proposed at Philadelphia Inquirer and Daily News — Today, the leadership of the Newspaper Guild, the union that represents many employees of the Inquirer, Daily News, and philly.com, sent the following email to its members, making it clear that recent slashes to personnel were just the beginning:

Discussion: JIMROMENESKO.COM

Roy Greenslade / Guardian:

70 journalists killed in six months — At least 70 journalists and support staff were killed while on assignment in the first half of this year, making it one of the bloodiest periods of recent times. — Fifteen were confirmed dead in Syria alone between January and June …

Peter Jukes / The Daily Beast:

Elton John sues the Times for Libel — Adding to Murdoch's woes, the singer sues the media mogul's flagship paper for libel. Peter Jukes reports. — Rupert Murdoch's luck in London seems have run out. After some seventy arrests associated with phone hacking [LINK ON PHONE HACKING …

Howard Finberg / Poynter:

6 foundations tell journalism schools to change faster or risk future funding — As thousands of educators head off to Chicago for the 100th anniversary convention of the Association for Education in Journalism and Mass Communication, I can promise that one of the most talked-about topics …

Discussion: Knight Foundation

Alan Mutter / Reflections of a Newsosaur:

Big Data is a big deal for newspapers — Just when you thought you had a handle on digital publishing, here comes a paradigm shift that will be more counterintuitive and more disconcerting for newspapers than all the technological innovations that have come before.

Discussion: ZDNet, Forbes, Digiday and eMedia Vitals