Mediagazer: What Tumblr can tell us about the future of media (Mathew Ingram/GigaOM)

3:35 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 …

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: TechCrunch, AllThingsD, Poynter, Poynter, New York Magazine, Chicago Tribune, BuzzFeed, GigaOM, FishbowlNY, Reuters, The Awl, Guardian and Eamonn Fitzgerald's Rainy Day

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.

Jack Stuef / BuzzFeed:

Shashank Tripathi, Last Night's Twitter Villain @ComfortablySmug — During the storm last night, user @comfortablysmug was the source of a load of frightening but false information about conditions in New York City that spread wildly on Twitter and onto news broadcasts before ConEd, the MTA …

Discussion: Poynter

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: mediabistro.com, Erik Wemple, CJR, SocialTimes, Los Angeles Times, Guardian, msnbc.com and Softpedia News

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: The Boston Globe, Media Decoder, Audit Bureau of Circulations, Gannett Blog, The Wrap, NetNewsCheck Latest, FishbowlNY, Agence France Presse and Bloomberg

Andrew Beaujon / Poynter:

Washington Post Sunday circulation drop bad, but not quite as bad as it looks — The Washington Post's average Sunday circulation dropped 20.2 percent over 2011, according to the most recent Audit Bureau of Circulations report. But just like in the May report, the September report didn't count …

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: The Wrap, Guardian, The Raw Story and @dansabbagh

Jim Romenesko: NYT publisher to NYT columnist: No comment on Mark Thompson

Shara Tibken / CNET:

Barnes & Noble inks video deals in time for Nook HD, HD+ release — 20th Century Fox and NBCUniversal programs will be available as the new tablets launch this week. — Barnes & Noble is expanding its Nook video content to include NBCUniversal and 20th Century Fox programs as it also begins shipping its HD and HD+ tablets this week.

Discussion: Home Media Magazine and Softpedia News

NBC Chicago: First Lawsuit Filed in Barnes & Noble Hacked PIN Pad Case

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: WebProNews, Thanks:@sanchezjla

Robert Andrews / paidContent:

Google News wars are here again: Schmidt vs France on ‘news tax’ — France has set Google a year's-end deadline for agreeing to voluntarily pay news publishers — or it may legislate that it must pay a levy for the privilege. — Google chairman Eric Schmidt met French president François Hollande …

Discussion: The Register and Mashable!

Gabriele Parussini / Wall Street Journal:
France Calls On Google to Settle Rift With Publishers

Discussion: NetNewsCheck Latest

Mark Sweney / Guardian:

Financial Times imposes recruitment freeze — The Financial Times has imposed a recruitment freeze and a ban on all but the most essential travel, to control costs in a tough advertising market. John Ridding, the Financial Times chief executive, outlined the measures in an internal email …

Hamish McKenzie / PandoDaily:

Vimeo launches tips jar for content creators. More of this, please, media industry — Vimeo has just launched a tip jar to help content creators earn money from their videos. A “pay to view” option is coming soon. These are the first steps in what could become a widespread micropayments ecosystem on the video-sharing site.