Mediagazer: $28 Million In Cuts Proposed at Philadelphia Inquirer and Daily News (Victor Fiorillo/Philly Magazine)

11:15 AM ET, August 9, 2012

Top News:

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: FishbowlNY and Home Media Magazine

Peter Kafka / AllThingsD:
News Corp. Takes $2.8 Billion Charge

Discussion: Media Week, MarketWatch, Wall Street Journal, Capital New York, Los Angeles Times, Variety, TheAustralian, Fox Business, @edmundlee, CNBC, Forbes, Guardian, Broadcasting & Cable, TechCrunch, Media Money … and @davidfolkenflik

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

Discussion: Bloomberg

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: Poynter

Jim Romenesko:

Philadelphia newspapers CEO's message to employees — Here's what CEO Bob Hall sent to Philadelphia Inquirer and Daily News employees today: — To All employees: — This is my periodic update to keep you informed about your company and our future. As you heard me say many times …

Julie Bosman / New York Times:

Editor Fired Following Harassment Accusation — CONWAY, Ark. — The gathering, Marc Smirnoff said, was intended as a morale-boosting retreat for his staff at The Oxford American magazine, a July 4 overnight party at a mountain cabin that would fuel the creative intellect.

Discussion: Media Decoder and Lawyers, Guns & Money

Amir Efrati / Wall Street Journal:

Borrowing from Google, Yahoo CEO Begins Makeover — Yahoo Inc.'s rookie chief executive Marissa Mayer has made one thing clear to employees at the outset of her bid to revive the Internet company: Product comes first. — Since taking over Yahoo three weeks ago, the former Google Inc. executive …

Discussion: CNET, VentureBeat, Business Insider and The Verge

Andrew Beaujon / Poynter:

Poll: ‘Political media’ viewed unfavorably by 78 percent of people — Only 10 percent of the 1,000 registered voters polled by Daily Kos/SEIU have a favorable view of the “political media.” That's a lower approval rating than Congress has. Other things that poll higher …

Discussion: TVNewser, Gallup, Celeb Dirty Laundry and LimeLife.com

Steve Buttry / The Buttry Diary:

Two years after TBD launched, the #TBDiaspora are doing OK — Two years ago, I was working with Jim Brady, right, Mandy Jenkins, left, and Julie Westfall to launch TBD. Now we're still trying to change the news business at Digital First Media. We're together this week at the Thunderdome newsroom.

Josh Sternberg / Digiday:

How Buzzfeed Won Over Madison Avenue — For a site that's been around for six years, Buzzfeed's had quite a run recently, thanks to skyrocketing traffic growth, a knack for knowing that the world wants to watch a 31-year-old video of a man try to perform the uneven bars …

Paula Froelich / The Daily Beast:

You're Worth How Much? TV Anchors, by the Numbers — Cooper. Sawyer. Blitzer. They have multimillion-dollar contracts and perfect hair. But which newsmakers deliver the most bang for their boss's bucks? Paula Froelich does the math.

Discussion: The Huffington Post and PopWatch

Betsy Rothstein / FishbowlDC:

Bloomberg Pays Off Economist for Unauthorized Use of Information — In a joint statement released this morning from Bloomberg and CQ Roll Call, Bloomberg announced that it has paid an undisclosed amount to CQ Roll Call for the unauthorized use of files by former CQ Roll Call employees now working for Bloomberg.

Discussion: Politico

Aaron Mesh / Willamette Week:

Stop the Presses — The Oregonian as a daily newspaper is facing a final deadline. The 162-year-old newspaper—once considered one of the nation's best—is losing readers and advertisers in a state where it dominated the media landscape for decades. Soon, the newspaper may no longer be publishing every day of the week.

Discussion: JIMROMENESKO.COM, Poynter and The Newspaper Guild

Dylan Byers / Politico:

Wikipedia locks possible VPs' pages — Tech President's Micah Sifry, who introduced the idea that Wikipedia revisions could help predict Mitt Romney's selection of a running mate, reports that Wikipedia has put a lock on the pages of the leading veep candidates following a segment on the topic by Comedy Central's Stephen Colbert.

Discussion: TechPresident, Daily Mail, New York Magazine, The latest episodes … and Mediaite

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.

Discussion: TVbytheNumbers