Mediagazer: New York Times Co. Falls After Reporting Surprise Loss (Edmund Lee/Bloomberg)

10:50 PM ET, October 25, 2012

Top News:

Jeff Bercovici / Forbes:

NY Times Co. Explains Its ‘Shockingly Weak’ Ad Results — For years, The New York Times Co. has been fighting a losing battle to replace its dwindling print advertising revenues with digital ones. So when an analyst singles out the results from a quarter as “shockingly weak,” you know that's pretty bad.

Discussion: The New York Times Company, The Buttry Diary, Guardian, Mashable! and FishbowlNY

Andrew Beaujon / Poynter:

New York Times company stock closes down 22% after disappointing earnings report — New York Times Company stock fell about 22 percent Thursday after the company released weaker than expected earnings. Stocks of other companies that own newspapers dropped too: Gannett Co. was down a little …

Andrew Beaujon / Poynter:

Digital subscriptions up 11 percent at New York Times company, but revenue slips — Digital subscriptions to The New York Times rose 11 percent over the second quarter, to 592,000, the company announced in its third-quarter earnings report Thursday. That breaks down to 566,000 subscribers …

Discussion: @edmundlee, CNNMoney.com, Boston Herald, MediaPost, paidContent, Business Insider, Guardian, NetNewsCheck Latest, The Huffington Post, New York Magazine, The Wrap and Media Decoder

Edmund Lee / Bloomberg:
New York Times Co. Falls After Reporting Surprise Loss

Discussion: Business Week

Peter Kafka / AllThingsD:
Readers Pay More for New York Times, Advertisers Pay Less

Discussion: mnilive.com and NYConvergence.com

Bloomberg:

Apple's Online Radio Service to Challenge Pandora in 2013 — Apple's Online Radio Said to Challenge Pandora — Apple Inc. (AAPL) and major music labels have intensified negotiations to start an advertising-supported Internet radio service by early next year, according to people with knowledge of the talks.

Discussion: Patently Apple, Radio & Television …, Forbes, Engadget, Media Decoder, Mashable!, 9to5Mac, The Next Web, Business Insider, The Verge, MacRumors, hypebot, GeekWire, Gizmodo and iClarified

Greg Sandoval / CNET:
Apple's proposed Web radio service is no certainty

Discussion: MacRumors and SeekingAlpha.com

Steven Russolillo / MarketBeat:
Pandora Shares Trip Circuit Breakers After Report of Apple Radio Service

Discussion: Reuters and Tech Trader Daily

The Editors / Media Decoder:

Sulzberger Expresses Support for Mark Thompson, Incoming Chief Executive — Mark Thompson, the incoming chief executive of The New York Times Company, who has been under scrutiny this week in connection with a burgeoning scandal at the BBC, received enthusiastic support Thursday from Arthur Sulzberger Jr. …

Dan Sabbagh / Guardian:
Savile fallout: former BBC chief ‘expects to be grilled’ for New York Times post

Discussion: Jack Shafer, The Public Editor's Journal, paidContent, The Wrap, The Journalism Foundation, Reuters and New York Magazine

Joe Murphy / London Evening Standard: Jimmy Savile: BBC tempers flare as scandal deepens

Washington Post: BBC sex-abuse scandal echoes across the Atlantic

James Chapman / Daily Mail:
BBC tried to ‘gag’ minister over Savile scandal hours before he appeared on Question Time

Discussion: fleet street fox and Guardian

Lauren Indvik / Mashable!:

Marissa Mayer Makes First Yahoo Acquisition: Stamped — Yahoo has acquired the company behind one-year-old mobile recommendations app Stamped, its first since ex-Google exec Marissa Mayer became CEO of the company in July, Mashable has learned. — The acquisition was purely for talent …

Discussion: @marissamayer, Yodel Anecdotal, TechCrunch, MediaPost, The Next Web, TUAW, CNET, Betabeat, GigaOM, ZDNet, TechCrunch, WebProNews, AllThingsD and Business Insider

Laura Hazard Owen / paidContent:

Penguin and Random House in merger talks — On Thursday, the Financial Times reported that Random House and Penguin's parent companies, Pearson and Bertelsmann, are in talks about merging the two publishers. (The FT is also owned by Pearson.) Now Pearson has released a statement confirming the report:

Discussion: Financial Times, PublishersWeekly.com, Media Decoder, Los Angeles Times, Media & Entertainment, Guardian, Publishing Perspectives, Deadline.com, The Wrap, Globe and Mail and GalleyCat

Laura Hazard Owen / paidContent:

Amazon's crummy earnings report sends shares sliding after hours on steep losses — Amazon told a now-familiar story in its third-quarter earnings report this afternoon: High sales, low profits — but this time profits were even lower than analysts had expected. Shares were down in after-hours trading.

Discussion: AllThingsD, Business Wire, Business Insider, Bloomberg, CNET, Forbes, Reuters, TechCrunch, VentureBeat, New York Times, TechCrunch, ZDNet, The Next Web, @edgecliffe, PublishersWeekly.com and AllThingsD

Jeff Bercovici / Forbes:

Keith Olbermann Casts A Wide Net In Job Search — Think Keith Olbermann has burned his last bridge in the television business? He doesn't think so. — Seven months after he got dismissed by Current TV, the temperamental host is aggressively job-shopping, and he's not being too picky about it.

Discussion: TVNewser, New York Magazine, Mediaite, The Daily Caller and The Huffington Post

Andrew Beaujon / Poynter:

Circulation and advertising revenues down at McClatchy — Advertising and circulation revenue were down at the McClatchy Co. in the third quarter of this year. Five of the company's newspapers — including The Sacramento Bee and the Fort Worth Star-Telegram — introduced a digital-subscription paywall called Plus in September.

Discussion: McClatchy, NetNewsCheck Latest and Broadcasting & Cable

Twitter Blog:

More interactive Tweets, in more than 2000 ways — Earlier this summer, we introduced the ability to expand Tweets to see content previews, photos and videos right within a Tweet. At that time, we were working with a small group of partners. Today there are more than 2,000 ways to bring …

Discussion: CNET, The Next Web and TechCrunch

Keith Bradsher / New York Times:

China Blocks Web Access to Times After Article — HONG KONG — The Chinese government swiftly blocked access early Friday morning to the Chinese-language Web site of The New York Times from computers in mainland China and gradually halted most access to the English-language site …

Discussion: @dangillmor, Quartz, New York Times and @davidfolkenflik

Charlie Warzel / Adweek:

Vox Media Goes After Crowded Gamer Market — Gaming is serious business. The $67 billion global industry is projected to grow above $80 billion by 2017 and it's safe to say that across consoles, computers, and mobile, this isn't some frivolous market. — Vox Media, home to sites …

Discussion: PandoDaily