Mediagazer: With Low Expectations for Q3, Wall Street Hoping for New Yahoo CEO Mayer to Shine a Light at End of Tunnel (Kara Swisher/AllThingsD)

4:55 PM ET, October 22, 2012

Top News:

Martin Bekkelund / bekkelund.net:

Outlawed by Amazon DRM — A couple of days a go, my friend Linn sent me an e-mail, being very frustrated: Amazon just closed her account and wiped her Kindle. Without notice. Without explanation. This is DRM at it's worst. Linn travels a lot and therefore has, or should I say had …

Discussion: Forbes, Boing Boing, Gizmodo, Techdirt, @jeffjarvis, Guardian, The Raw Story, @leolaporte and Joe Wikert's Publishing …

Laura Hazard Owen / paidContent: Amazon apparently discontinues Kindle Touch in favor of Paperwhite

Guardian:
Amazon makes UK publishers pay 20% VAT on ebook sales

Discussion: GalleyCat, Good E-Reader, Good E-Reader and This is Money

Simon Dumenco / AdAge:

Would You Rather Own a Magazine or a Digital Startup? — On the evening of Sunday, Oct. 14, Ad Age Editor Abbey Klaassen and I stood on a small, remote-controlled boat — one not much bigger than a queen-size bed — floating in the pool at the Tonga Room & Hurricane Bar at the historic Fairmont Hotel in San Francisco.

Discussion: Betabeat, Capital New York and AdPulp

Felix Salmon: Magazines vs digital startups

Colleen Taylor / TechCrunch:

Yahoo Q3 Beats Expectations In Mayer's First Full Quarter As CEO: $1.2B Revenue, Non-GAAP EPS $0.35 — Yahoo today reported its financial results for the third quarter of 2012, its first full quarter with new CEO Marissa Mayer at the helm. Mayer is back at work full-time after taking …

Discussion: Forbes and paidContent

Kara Swisher / AllThingsD:

With Low Expectations for Q3, Wall Street Hoping for New Yahoo CEO Mayer to Shine a Light at End of Tunnel — Later today, new Yahoo CEO and latest savior Marissa Mayer is expected to debut in her first major turn as a public company CEO, as the company reports its third-quarter earnings.

Discussion: Forbes, CNET and Reuters

David Bowden / Sky News:

Hacking: Mirror Papers Face Legal Claims — Newspapers belonging to Trinity Mirror are for the first time to face legal claims for phone hacking, Sky News has learned. — Until now the only company to be sued for illegally snooping on voicemail messages was News Group Newspapers, publishers of the now-defunct News of the World.

Salamander Davoudi / Financial Times: Mirror group faces hacking claims

Jim Romenesko:

Tampa Tribune's new owner cuts salaries, offers buyouts — The Tampa Tribune — recently sold by Media General to a California private equity investment firm for $9.5 million — is cutting employees' wages and offering buyouts. — “I haven't yet heard what percentage the cuts are averaging,” my tipster writes.

Discussion: Tampa Bay Times

Andrew Beaujon / Poynter:

Jayson Blair on the first time he plagiarized: 'I can't believe no one caught that' — In the course of a wide-ranging report on plagiarism, Lee Cowan talked with disgraced New York Times reporter Jayson Blair about how he got his start as journalism's most famous plagiarist.

Discussion: CBS News

Michael Learmonth / AdAge:

Did The Daily Beast Eat Newsweek? — The shutdown of the venerable print edition of Newsweek is yet another step in the long, inexorable march of all things print to digital — a familiar storyline. Except when it's not. Many pundits will proclaim Newsweek as simply the latest …

Sarah Lacy / PandoDaily:

Without Arianna, the Huffington Post mafia is taking Manhattan — “Do you know the moment I knew it was over?” Jonah Peretti says, with a half-nostaligic, half-stockholm-syndrome smile looking across the table at Ken Lerer. — Lerer doesn't know. — “That last Christmas party we had as an independent company,” Peretti says.

Discussion: Poynter and Monday Note

Drew Olanoff / TechCrunch:

SAY Media Rebrands ReadWriteWeb As “ReadWrite”, Redesigns, Hires Dan “Fake Steve Jobs” Lyons As Editor In Chief — I'm a fan of ReadWriteWeb, always have been, but other than not being able to pronounce the blog's name, I've always appreciated the technical and detailed analysis coming out of the brand.

Discussion: Adweek, ReadWrite, paidContent and The Next Web

PressGazette:

Newsnight editor steps aside as BBC faces ‘worst crisis for 50 years’ over Savile documentary — Newsnight editor Peter Rippon has stepped aside “with immediate effect” while the BBC reviews its response to the Jimmy Savile sex scandal, the corporation said today.

Discussion: Guardian, broadcastnow.co.uk, New York Times, BBC, @lucymanning, @tomjharper, @lucymanning, @grainnemaguire, The Independent, fleet street fox, @tomjharper, @themediatweets and @davidleigh3

Telegraph:
Jimmy Savile: BBC scrapped investigation after Newsnight came ‘under pressure’ from senior managers

Discussion: Business Insider, blogs.telegraph.co.uk and @christopherhope

Matthew Belloni / The Hollywood Reporter:

Ex-L.A. Times Editors Join BuzzFeed in Push to Cover Hollywood (Exclusive) — Richard Rushfield will head a new Los Angeles bureau for the social news site as Kate Aurthur joins to cover television, film and celebrities. Social news website BuzzFeed is going Hollywood …

Discussion: LA Observed and FishbowlLA

Jim Romenesko:

Clark Kent quits the Daily Planet in Superman #13 — and he doesn't go quietly. He resigns in front of the whole staff, reports Brian Truitt, “and rails on how journalism has given way to entertainment.” (The Daily Planet is now part of the multimedia corporation Galaxy Broadcasting.)

Discussion: The New York Observer, The Awl, Robot 6, Newsarama, Globe and Mail, ABC 7 Eyewitness News, The Atlantic Wire, Poynter, USA Today and The Daily Caller

Jordan Crook / TechCrunch:

Streaming TV Startup Aereo Files Appeal In Network Case, Cites Cablevision Precedent — The legal battle between major broadcast networks and TV startup Aereo continues to unwind, as Aereo has filed a brief with the United States Court of Appeals for the Second Circuit.

Discussion: NetNewsCheck Latest