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11:40 AM ET, November 7, 2012

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 Top News: 
Laura Hazard Owen / paidContent:
Why the NYT announced Obama's win 49 minutes after Obama did  —  Last night, as the results of the 2012 election rolled in, millions of Americans were glued to their TVs, computers and smartphones.  But depending on what they were watching and reading, some of them were either breaking …
Discussion: Forbes, www.wnyc.org, Gawker and TechCrunch
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Paul Bradshaw / Online Journalism Blog:
The US election was a wake up call for data illiterate journalists  —  So Nate Silver won in 50 states; big data was the winner; and Nate Silver and data won the election.  And somewhere along the lines some guy called Obama won something, too.  —  Elections set the pace …
Hamish McKenzie / PandoDaily:
Obama wins, Nate Silver wins, tech wins … Nate Silver was right.  —  The math whiz - or, as he would refer to himself, aggregator of polls - predicted the outcome of the election perfectly (as of 1am).  It's a win for data over gut.  Because Silver reached his audience via Twitter and his blog …
Dan Rowinski / ReadWrite:
Nate Silver's Model Proves To Be Stunning Portrait Of Logic Over Punditry  —  At 9:47 p.m. Eastern Time on Tuesday, my mother texted me.  —  “Nate Silver is a rock star,” she said.  —  “Not yet,” I replied.  —  President Barack Obama had not yet sewn up his re-election in the campaign …
Katherine Fung / The Huffington Post:
Rachel Maddow Rips Karl Rove On Fox News  —  Rachel Maddow ripped Karl Rove for disputing President Obama's victory on Fox News on Tuesday night.  Fox News had called the election for Obama when Rove, a Fox News contributor, began to argue with the network about the announcement.
Discussion: Baltimore Sun and Chickaboomer
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Will Oremus / Slate:
The Five Stages of Fox News Grief  —  In Fox News' election coverage Tuesday night, there was little pretense of fairness or balance.  What there was, from the start, was a glum tone that turned downright funereal by the time Mitt Romney finally conceded, near 1 a.m. To watch the network's anchors …
Amy Willis / Telegraph:
Republican Karl Rove calls Barack Obama Fox News projection ‘premature’
Michael Calderone / The Huffington Post:   Fox News Election Coverage: Questions Turn From President Obama's Victory To 2nd Term Mandate
Julie Moos / Poynter:
25 election front pages let pictures speak louder with words  —  Photography dominated most of today's front pages, with very few words announcing President Obama's re-election.  Several of the papers below illustrate the power of a single word.  A few papers (shown at bottom) …
Discussion: New York Times
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Frazier Moore / Associated Press:
ABC's Diane Sawyer spurs jokes from Twitterverse
Mike Isaac / AllThingsD:
On Election Day 2012, Twitter Kills the Great White Fail Whale  —  In one pithy, three-word sentence, Twitter creative lead Doug Bowman summed up the microblogging service's election day perfectly:  —  “RIP Fail Whale.”  —  Indeed, all throughout Nov. 6, that cutesy, once-ubiquitous cartoon …
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Sam Youngman / Reuters:
Move over, Obama; Twitter had a big night too  —  (Reuters) - President Barack Obama called it - in less than 140 characters.  Around 11:15 pm EST, just as the networks were beginning to call the race in his favor, Obama took to Twitter to proclaim himself the winner over Republican candidate Mitt Romney.
Guardian:
Mirror Group journalists questioned by company lawyers over alleged hacking  —  Journalists at Mirror Group Newspapers are being formally interviewed by company lawyers in response to legal action launched last month over alleged phone hacking.  Several journalists working …
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Roy Greenslade / Guardian:
Arrested Sun journalists are between a rock and a hard place  —  Arrested Sun journalists are finding themselves caught between a rock and hard place as they contemplate their dilemma while on police bail.  Some of them would like to help Scotland Yard police who are investigating …
Bloomberg:
Pearson Said Exploring Financial Times Sale as CEO Leaves  —  Pearson Plc (PSON) is planning to explore a sale of the Financial Times newspaper, as the company focuses on its faster-growing education business, people with knowledge of the situation said.  —  The company has decided …
RELATED:
Felix Salmon / Reuters:   The FT in play  —  This will come as a surprise to absolutely no one …
Michael de la Merced / DealBook:
F.T. Up for Sale, Report Says, but Pearson Says Not So Fast
Discussion: Quartz and Talking Biz News
Samuel Rubenfeld / Wall Street Journal:
News Corp Takes $67 Million Charge on Phone-Hacking Scandal  —  News Corp . said Tuesday that it took a $67 million charge on its quarterly results related to an ongoing investigation into a series of scandals that it initiated when the company closed its weekly tabloid, News of the World.
Discussion: Wall Street Journal
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John Jannarone / Wall Street Journal:
News Corp. Earnings Boosted by Gain
Amy Chozick / Media Decoder:
Cable Networks Help Time Warner's Quarterly Profit  —  A strong quarter at Time Warner's suite of cable networks contributed to the company's 1.9 percent increase in third-quarter net profit, but revenue was offset by continued weakness at its magazine and movie divisions.
Mathew Ingram / GigaOM:
If Facebook isn't thinking about buying Tumblr, it should be  —  It might seem a little early to start talking about potential Facebook acquisitions considering the social network just completed its $736-million purchase of Instagram, and its share price is still 40 percent lower than it was when the company went public.
Discussion: PandoDaily and Forbes
RELATED:
Bloomberg:
Fewer Cords Cut but Higher Customer Acquisition Costs for Dish  —  Blames Subscriber Losses on Telecom Rivals, Poor Economy  —  Dish Network, the second-largest U.S. satellite-TV provider, reported a surprise third-quarter loss and revenue that trailed analysts' estimates.
Discussion: Cable Television News
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Reuters:
Dish Network reports loss on litigation costs
 
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 More News: 
Wall Street Journal:
Apollo in Talks on McGraw-Hill Unit
Discussion: DealBook
Janko Roettgers / GigaOM:
Based on network traffic alone, Netflix handily beats Amazon, HBO & Hulu
Discussion: NetNewsCheck Latest
Kim-Mai Cutler / TechCrunch:
Betaworks Launches Tapestry, A Way To Author Beautiful Smartphone Essays
Discussion: AllThingsD
Justin Ellis / Nieman Journalism Lab:
The New York Times is trying to make its mobile apps more than simple containers for news stories
Discussion: Wired and ReadWrite
Alex Fitzpatrick / Mashable!:
Obama Makes 11th Hour Election Day Plea to Reddit
Discussion: Betabeat, Forbes, MediaPost and AllThingsD
Gregory Ferenstein / TechCrunch:
Click Facebook's “I'm Voting” Button, Research Shows It Boosts Turnout
Discussion: CNET and The Atlantic Online
Dylan Byers / Politico:
Shadow of 2008 looms over CNN
Discussion: CNN
 Earlier Picks: 
Mackenzie Weinger / Politico:
Roll Call names new editor
Steven Jacobs / Street Fight:
AOL: Patch Remains on Path to Profitability, Expenses Cut 30%
Discussion: Media Decoder, MediaPost and AllThingsD
Reuters:
Spain's El Pais journalists strike over job cuts
David Carr / Media Decoder:
A Last Fact-Check: It Didn't Work  —  As so many media outlets promised …
Laura Hazard Owen / GigaOM:
Amazon Prime tests $7.99/month option to compete with Hulu+, Netflix