Mediagazer: Sandy Soaks Gawker, HuffPo, BuzzFeed (Peter Kafka/AllThingsD)

12:10 PM ET, October 30, 2012

Top News:

Sarah Lacy / PandoDaily:

Could Sandy be Instagram's big citizen journalism moment? — Facebook's $750 million purchase of Instagram was clearly good for its founder. But it's hard to argue that being owned by Facebook hasn't been good for Instagram the company as well. — After the announcement of the deal …

Discussion: The Daily, Forbes, FishbowlNY, TVNewser, NetNewsCheck Latest, Rolling Stone, Los Angeles Times, @emilybell, Softpedia News, CNET, TechCrunch, WebProNews, AppNewser, kottke.org, Business Insider, The Verge, The Next Web and Popular Science

Julie Moos / Poynter:

CNN, Weather Channel inaccurately report that New York Stock Exchange is under 3 feet of water — During Monday night's coverage of damage due to storm system Sandy, both CNN and the Weather Channel inaccurately reported that the New York Stock Exchange was under three feet of water.

Discussion: Forbes, BuzzFeed Politics, The Huffington Post, TVNewser, GigaOM, Media News, GalleyCat, The Atlantic Online, TIME.com, Real-Time News from Mobile, CNN, WWD Media Headlines, Chickaboomer, The Atlantic Wire, Softpedia News, CJR and Media & Entertainment

Peter Kafka / AllThingsD:

Sandy Soaks Gawker, HuffPo, BuzzFeed — Tons of great Sandy coverage on the Web last night and this morning. Largely absent from the conversation, though, are three New York-based news/aggregation sites: BuzzFeed, Gawker and the Huffington Post. — All three publishers relied on Datagram …

Discussion: BuzzFeed, Guardian, NYT Bits, Wired and CNNMoney.com

John Herrman / BuzzFeed:

Twitter Is A Truth Machine — There was no shark in Brigantine, and certainly no beached seal in Manhattan. The NYSE trading floor did not flood, and the 10 or more Con Edison workers trapped at a damaged plant turned out not to exist. These rumors were briefly and embarrassingly juxtaposed …

Discussion: FishbowlNY, Poynter, The Awl, GigaOM, Reuters and Eamonn Fitzgerald's Rainy Day

Kashmir Hill / Forbes:

Hurricane Sandy and The Flood of Social Media Misinformation — Sandy came and went in D.C. without leaving much of a footprint beyond a four-day weekend and power outages in the low thousands. New York and New Jersey, though, were ravaged: flooding, explosions, home-destroying fires …

Discussion: New York Magazine and mediabistro.com

David Carr / Media Decoder:

As Sandy Takes Its Time, TV News Is an Endless Loop of Anticipation — One of the blessings of Hurricane Sandy, if there are any, is its status as a very slow moving weather event. — The lead time has given people in the affected area — a broad swath of the Northeast and the Mid-Atlantic …

Discussion: CJR, SocialTimes, Guardian and msnbc.com

Jeff Sonderman / Poynter:
Instagram users are posting 10 Hurricane Sandy pictures every second

Discussion: Storyful Blog, Journalism.co.uk, NYT Bits, Is Twitter Wrong?, WebProNews, ZDNet, Pocket-lint, Huffington Post Status, Instagram Blog, AllThingsD, @alexismadrigal, Beet.TV, Digiday, PandoDaily and Business Insider

Julie Moos / Poynter:

New York Times circulation up 40% as newspaper numbers generally flat — The latest report from the Audit Bureau of Circulations finds that daily circulation for the nation's newspapers was down 0.2 percent compared to the same period last year. Sunday circulation was up 0.6 percent.

Discussion: AdAge, Audit Bureau of Circulations, NetNewsCheck Latest, FishbowlNY, Agence France Presse and The Wrap

Joe Nocera / New York Times:

The Right Man for the Job? — The position of chief executive of The New York Times Company is not the easiest to fill. — There are, to start with, the obvious business challenges: like all newspaper companies, the Times Company has struggled financially as the Internet has eroded its traditional revenue sources.

Discussion: @dansabbagh

Jim Romenesko:

NYT publisher to NYT columnist: No comment on Mark Thompson — New York Times columnist Joe Nocera writes in his column about incoming New York Times Co. CEO Mark Thompson: Arthur Sulzberger is in a difficult spot. He believes strongly that he's got the executive he needs to lead The Times …

Gabriele Parussini / Wall Street Journal:

France Calls On Google to Settle Rift With Publishers — PARIS—France will consider adopting legislation that would force Google Inc. to pay for the right to cite news articles online if the U.S. search giant fails to settle a long-running dispute with French news publishers …

Discussion: NetNewsCheck Latest

Robert Andrews / paidContent:
Google News wars are here again: Schmidt vs France on ‘news tax’

Discussion: The Register

Mathew Ingram / GigaOM:

What Tumblr can tell us about the future of media — If there was any doubt left that Tumblr is trying to become more of a mainstream media entity, albeit with its own odd twist, it was removed recently when the service hired bloggers to cover the Republican and Democratic national conventions …

Discussion: NetNewsCheck Latest, Thanks:@sanchezjla

Emil Protalinski / The Next Web:

YouTube is down for some as users report unreliable service for several hours — YouTube is up and down in various parts of the world. Users trying to reach the video portal are getting various errors, or are unable to reach the service at all. — I first saw the following …

NBC Chicago:

First Lawsuit Filed in Barnes & Noble Hacked PIN Pad Case — A woman who allegedly had her credit card information stolen when she swiped her card at a compromised PIN pad at a north suburban Barnes & Noble filed a proposed federal class action lawsuit Monday against the bookstore.