Mediagazer: App.net financial backers show they're open to a paid Twitter alternative (Eliza Kern/GigaOM)

Wondering How Far Magazines Must Fall — Making a weekly newsmagazine has always been a tough racket. It takes a big staff working on punishing deadlines to aggregate the flurry of news, put some learned topspin on it and package it for readers. But that job now belongs to the Web and takes place in real time, not a week later.

Discussion: eMedia Vitals

Michael Shain / New York Post:

Saving CNN — Suffering its worst ratings in 20 years, CNN is going Hollywood. In the past few weeks, the No. 3 cable news channel has started seeking out reality-show ideas and big-name stars not afraid to talk politics. They have even begun working on a late-night talk show, The Post has learned.

Discussion: The Huffington Post, TVNewser, New York Magazine and @brianstelter

Peter Kafka / AllThingsD:

AOL Bets Big on Web Video News With HuffPost Live (and on Tape) — After a very long drum roll, the Huffington Post launches HuffPost Live, its streaming Web video news operation, this morning. — If you've watched the streaming video that other newspapers and Web sites have put out …

Discussion: paidContent, The Huffington Post, NetNewsCheck Latest, VentureBeat, Forbes, FishbowlNY, @producermatthew, @marksluckie and WebProNews

Robert D. McFadden / New York Times:

James M. Naughton, Reporter and Editor, Dies at 73 — James M. Naughton, a prank-loving White House and national correspondent for The New York Times during the Nixon, Ford and Carter administrations and later a senior editor at The Philadelphia Inquirer for almost two decades …

Discussion: Poynter, Poynter and Plain Dealer

Jim Romenesko:

Times-Picayune reporter jumps off the ‘sinking ship’ — The Times-Picayune reporter who shared with Romenesko readers the letter she wrote to her bosses in early July ("I can't just keep my mouth shut and pretend everything is okay or that it doesn't matter") has left the paper.

Eliza Kern / GigaOM:

App.net financial backers show they're open to a paid Twitter alternative — Is the world ready for a paid version of Twitter? Maybe so, backers have shown. Entrepreneur Dalton Caldwell's Kickstarter-esque campaign to develop a paid alternative to the social network hit its $500,000 funding goal …

Discussion: Dalton Caldwell, PC Magazine, Softpedia News, The Verge, Wired.co.uk, eMedia Vitals, Engadget, CNET, NetNewsCheck Latest, SocialTimes, ReadWriteWeb, Forbes, AllThingsD, The Next Web and TechCrunch

Chelsea J. Carter / CNN:

Viewers outraged after NBC cuts away from closing ceremonies — Olympic Closing Ceremony — (CNN) — NBC was pummeled by viewers who took to social media after the network cut away early from the closing ceremonies of the London Games on Sunday to air a new television show …

Discussion: Forbes, Poynter, Seattle Times and @jayrosen_nyu

Kara Swisher / AllThingsD:

Not All Yahoos Headed Out Door: Mayer Makes Filo a Direct Report and Bell Permanent GC — While new Yahoo CEO Marissa Mayer has ushered some longtime employees out the door of late — most recently, HR head David Windley last week, with more to come — that does not mean she is not keeping some longtime Yahoos around.

Discussion: The Wrap

Jeff John Roberts / GigaOM:

Fox sues to shut down Aereo copycat over TV streaming — Broadcasters have been battling for months to shut down Aereo, a service that uses dime-size antennas to stream TV to Apple devices. Now, the fight has taken a strange new twist. [Note: this post has been updated with BarryDriller comments]

Discussion: Variety, Hollywood Reporter and Deadline.com

Josh Sternberg / Digiday:

Why New York Magazine Sees Responsive Design as the Future — New York Magazine launched a fashion site this week called The Cut. What's interesting is that the publication is using the site as a pilot of sorts to join the now-trendy responsive design movement.

Adrian Chen / The New Inquiry:

Tweeting the Beat — Yesterday was a relatively quiet day in Sheboygan, Wisconsin, judging from the calls that came over the police radio scanner. A man fell out of a car at a Target and began twitching. A kid pulled a fire alarm at Washington School. Another man had a choking episode in a restaurant.

Liana B. Baker / Reuters:

Sirius XM to carry BuzzFeed radio show — (Reuters) - Sirius XM is launching “BuzzFeed Radio”, a weekly show hosted by the editors and reporters of BuzzFeed, a fast-growing website known for its quirky content that spreads quickly online. — The one-hour call-in show will air live …

Charlie Warzel / Adweek:

Are Tablet-Only Publications Dead? — Is there a future for tablet-only publications? The last few weeks have cast an ominous shadow over this niche industry following substantial staff cuts at News Corp.'s The Daily and a decision by the Huffington Post to give up on charging for its iPad magazine after just five issues.

Thanks:@cwarzel