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7:55 AM ET, October 10, 2012

Mediagazer

 Top News: 
Ben Fritz / Los Angeles Times:
Variety bought by Deadline owner Penske Media, Third Point  —  The Hollywood trade paper Variety has been acquired by Penske Media Corp. and its financial backer, private equity firm Third Point, for about $25 million, in a power shift for the world of show business and a transformation of the industry's most famous news brand.
RELATED:
Ben Fritz / Los Angeles Times:
Jay Penske discusses plans for Variety  —  Jay Penske has emerged as one of the most powerful figures in the world of entertainment news for industry professionals.  A virtual unknown in Hollywood just over three years ago, the 33-year-old son of auto magnate Roger Penske acquired editor …
AllThingsD:
Twitter Buys Vine, a Video Clip Company That Never Launched  —  If Twitter ends up running its own video service, this should help: The messaging service has bought Vine, a video-sharing start-up.  —  We don't have terms for the deal, but this looks a lot like an “acqhire” …
Jim Romenesko:
New York Times to make ‘final offer’ to guild on Thursday  —  A message sent to New York Times guild members on Tuesday evening says management answered staffers' “demonstration of profound unhappiness” — a brief Monday afternoon walkout — “by throwing a tantrum and taking two provocative actions Tuesday.”
Hunter Walker / The New York Observer:
Is The Daily Beast Becoming a Halfway House For Wayward Hacks?  —  Newsbeast editor in chief Tina Brown seems to have developed a redemptive streak, at least when it comes to the bad boys and girls of the media world.  Her website has recently published several pieces by otherwise disgraced journalists.
Laura Hazard Owen / paidContent:
Berlin's Txtr introduces €9.90 e-reader subsidized by mobile carriers  —  In an effort to turn mobile phone users into ebook readers, Berlin-based Txtr announced a tiny, cheap e-reader, the Txtr Beagle, at the Frankfurt Book Fair Tuesday.  While the Beagle is very light …
Discussion: Publishers Weekly
Jeff Bercovici / Forbes:
Jack Welch Quits Columnist Gigs Over Tweet Blowback.  Too Bad He Wasn't Fired.  —  In the end, Fortune and Reuters didn't have to grapple with whether to fire Jack Welch for spreading conspiracy theories on Twitter.  Welch did them a favor and fired himself.
Melena Ryzik / New York Times:
Art.sy Is Mapping the World of Art on the Web  —  Any music fan knows that there are myriad ways to find new songs online: a scroll through digital playlists and streaming radio services like Pandora, which serve as musical recommendation engines.  Likewise, Netflix subscribers are regularly showered …
Josh Constine / TechCrunch:
Founder Tim Westergren Says Some Musicians Earn Up To $3 Million A Year From Pandora  —  Pandora founder Tim Westergren denied claims that musicians earn peanuts from streaming services and said today at SF MusicTech that lower royalty rates would bolster innovation.
Dan Sabbagh / Guardian:
BBC preparing to launch Jimmy Savile inquiry  —  The BBC is preparing to launch its own inquiry into the Jimmy Savile affair, after criticism of its slow response to the unfolding scandal and claims that the Jim'll Fix It star was apparently able to get away with sexual abuse over several decades.
Paul Bradshaw / Online Journalism Blog:
Stop attacking ‘web-first’ as if the world is going to stand still  —  This week feels very much like 2009.  That year I published a post titled ‘How the web changed the economics of news’, a brief overview of some of the economic factors impacting on publishing which has recently experienced …
 
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 More News: 
Hazel Sheffield / CJR:
U-T San Diego CEO accused of threatening city official over vote
Ambarish Kenghe / The Official Google TV Blog:
Google Play Movies, TV shows, and Music now on Google TV
Discussion: Engadget, CNET, WebProNews and TechCrunch
Melodie Warner / Wall Street Journal:
Dish, Gannett Reach New Deal
Discussion: Variety, WebProNews, MediaPost and Variety
Brian Stelter / Media Decoder:
NPR Appoints Executive from ‘Morning Edition’ to Oversee All News Coverage
Discussion: NPR and FishbowlDC
 Earlier Picks: 
Katherine Rushton / Telegraph:
Fear of compulsory job losses at struggling Guardian group
Discussion: Guardian
Rick Edmonds / Poynter:
Borrell predicts digital revenue will rise 30% next year at small, mid-size newspapers
John Hudson / The Atlantic Wire:
ICE Says It Has Better Things to Do Than Go After Jose Antonio Vargas
Discussion: Poynter and The Huffington Post
Anthony Ha / TechCrunch:
Reader's Digest Is Alive And Growing In The Digital World
Mark Oppenheimer:
Why a NYT journalist wrote a self-published e-book
 

 
From Techmeme:

Tom Warren / The Verge:
Sources: Microsoft is prioritizing security over new features to win back consumer trust, as it scrambles to respond to new attacks from Russia-linked hackers

Ivan Mehta / TechCrunch:
Threads expands Hidden Words to let users filter out words, phrases, or emoji, and tests the option to mute notifications and ways to select who can quote posts

Abner Li / 9to5Google:
Google Meet rolls out an update to let users seamlessly transfer calls between devices without hanging up via its Android, iOS, and web apps
 
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