Mediagazer: Australia's Fairfax slashes newspaper values by almost $3 billion (Miranda Maxwell/Reuters)

2:52 AM ET, August 23, 2012

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David Meyer / GigaOM:

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Miranda Maxwell / Reuters:

Australia's Fairfax slashes newspaper values by almost $3 billion — (Reuters) - Australian publisher Fairfax Media (FXJ.AX) slashed the value of its newspaper titles by almost $3 billion on Thursday, as it posted a steep fall in profit and said it saw no early turnaround in the worst advertising conditions in more than 30 years.

Jeremy W. Peters / New York Times:

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Robert Mackey / The Lede:

Japanese Journalist's Final Report From Syria Is Released After Her Death — Two days after the Japanese journalist Mika Yamamoto was shot and killed in the Syrian city of Aleppo, her news agency released some of the footage she recorded in her final hours.

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Guardian:
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Jack Shafer / Reuters:

Column: Barry Diller's deal of the day — Barry Diller runs his company, IAC, like a used-car dealership. That comparison is meant to disparage neither Diller nor used-car lots but to capture the shark-toothed, high-velocity, unsentimental manner in which Diller conducts business.

Jeff John Roberts / GigaOM:
Aereo sues to squash copycat BarryDriller

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Neil Wallis / The Huffington Post UK:

Lord Leveson Will Decide Whether Britain's Press Will Publish Those Naked Prince Harry Photos … Newspapers , Prince Harry , UK Media , Daily Mail , Harry , Leveson , Tabloid Newspapers , Tmz , UK News — Extraordinary scenes are going on this morning in newsrooms and editors offices all over Britain.

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Amy Chozick / Media Decoder:

Donations by Media Companies Tilt Heavily to Obama — Wall Street may lean Republican this presidential election cycle, but the New York media world is staunchly Democratic. — All the major media companies, driven largely by their Hollywood film and television businesses …

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Andrew Beaujon / Poynter:

Mike Sallah joins Washington Post as first hire with Ford Foundation money — Michael Sallah will join The Washington Post as an investigative reporter and editor. Post honchos say in a memo to staff that his hiring is the paper's first using money from a grant the Ford Foundation made to the paper.

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Andrew Beaujon / Poynter:

Second board member resigns from Red & Black — Charles Russell resigned from the board of University of Georgia student paper The Red & Black Tuesday, following the resignation of board member Ed Stamper. Russell released a statement (I have never covered a story that involved …

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Shen Hong / Wall Street Journal:

Website of People's Daily Doubles Profit — SHANGHAI—Apparently, touting the Communist Party line can be good for business. — People.cn Co., the website of the Chinese Communist Party's flagship newspaper, the People's Daily, more than doubled its first-half net profit …

Rachel McAthy / Journalism.co.uk:

How long-form journalism is getting ‘a new lease of life’ in the digital world — An in-depth look at in-depth journalism and some of the latest journalism and non-fiction platforms with long-form narrative at their core — Copyright: Digitzedchaos on Flickr. Some rights reserved.

Chris Welch / The Verge:

Tumblr 'truly disappointed by Twitter's decision' to block friend-finding on the blogging service — Tumblr is the latest company to respond to the strict guidelines found in Twitter's new API terms. As spotted by Matt Buchanan, the site just abruptly removed Twitter from its …

Discussion: CNET

Dylan Byers / Politico:

Abramson 5th on Forbes ‘Power Women’ list — New York Times Executive Editor Jill Abramson ranks fifth in this year's Forbes list of the World's 100 Most Powerful Women. — “In year one as the first woman at the top of the New York Times masthead, Jill Abramson has shuffled senior editorial staff …

Joe Pompeo / Capital New York:

Spiers' last issue of ‘The New York Observer’ — After sending this week's New York Observer to the printer last night, the newsroom staff headed south to Old Town, the 120-year-old Flatiron District watering hole. — They were at the scene of many a former Observer staffer's send-off …

Discussion: The New York Observer and Boing Boing

Eduardo Garcia / Reuters:

Ecuador's leader says open to talks with Britain on Assange — (Reuters) - Ecuador is ready to negotiate over the fate of Julian Assange if Britain withdraws a threat to raid its embassy in London where the WikiLeaks founder has sought refuge, President Rafael Correa said on Tuesday.

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