Mediagazer: Gerard Baker Named Wall Street Journal Editor; Robert Thomson CEO Of News Corp. Publishing Company (Jack Mirkinson/The Huffington Post)

11:40 AM ET, December 3, 2012

Top News:

Jeff Sonderman / Poynter:

2 major lessons from the demise of The Daily — The publisher of News Corp.'s The Daily said earlier this year that the iPad-only publication might need a few more years to be profitable. Today the company announced it won't get that chance. — Although it has been one of the most-popular …

Discussion: AllThingsD, FishbowlNY, AdAge, Gawker, Fortune, The Week and Beyond Search

Business Insider:

News Corp Is Shutting Down iPad-Only Newspaper The Daily — The latest News Corp press release says that the Daily, its standalone daily iPad newspaper, will “cease standalone publication”. — The newspaper had a high profile launch in February 2011, but had apparently struggled to pay its way …

Discussion: Guardian, Media Decoder, TechCrunch, Forbes, Betabeat, paidContent, @jeffjarvis, The Huffington Post, @joshuahersh, @davidfolkenflik and @taylor_owen

John Biggs / TechCrunch:

The Daily's Final Day: About 100 Employees In The Newsroom, Little Inkling Of Layoffs — I spoke to a person inside The Daily who held a $40,000 reporter position for the now shuttered “daily iPad newspaper.” While not completely blindsided, they had little inkling of what was going on inside …

David Taintor / Talking Points Memo:

The Daily Staffers To Meet At 11 AM, 6 PM To Discuss Details Of Closure — The Daily's editor in chief Jesse Angelo and publisher Greg Clayman will meet with staff today at 11 a.m. and 6 p.m. to discuss details of the iPad-only newspaper's closure later this month.

Discussion: App Advice

Jim Romenesko:
Why The Daily Failed — Trevor Butterworth, who wrote about tech …

Discussion: Digits and The Awl

Jack Mirkinson / The Huffington Post:

Gerard Baker Named Wall Street Journal Editor; Robert Thomson CEO Of News Corp. Publishing Company — News Corp. made a dizzying series of high-level personnel changes on Monday, naming a new editor at the Wall Street Journal and officially making current editor Robert Thomson the CEO …

Discussion: Wall Street Journal

Telegraph: Tom Mockridge quit News Corp after major Murdoch shake-up left him with a role 'he didn't want'

George Szalai / Hollywood Reporter:
News Corp.'s Entertainment Business to Be Called Fox Group After Company Split

Discussion: Deadline.com

Guardian:
BSkyB's Mike Darcey appointed News International chief

Discussion: Guardian, The Wrap and Media Week

Katherine Rushton / Telegraph:
News Corp to split as top executive Tom Mockridge goes

Discussion: Media Decoder, Guardian, @rupertmurdoch, @joshhalliday, @marksweney, Bloomberg, Poynter, Financial Times, New York Magazine and AllThingsD

Hamilton Nolan / Gawker:

30 More Buyouts Coming to the New York Times — The New York Times, like the rest of the newspaper industry, went through a painful series of buyouts after the 2008 financial collapse exacerbated the already ongoing collapse of the newspaper industry. In 2009, they cut 100 positions.

Discussion: FishbowlNY, The New York Observer, Media Decoder, The Wrap and Capital New York

Henry Blodget / Business Insider:

These Numbers Show Why The New York Times Is Firing More Journalists — The New York Times announced another round of newsroom cost cuts this morning, with editor Jill Abramson seeking voluntary resignations from 30 senior editors. — If 30 editors don't accept the buyouts, the NYT will proceed to involuntary firings.

Discussion: Poynter and JIMROMENESKO.COM

Ken Auletta / New Yorker:

The Heiress — On Saturday, July 2, 2011, a high-society traffic jam descended on the cobblestoned town square of Burford, a village sixty-eight miles northwest of London, not far from the market town of Chipping Norton. Hundreds of chauffeured cars approached a gated stone wall …

Discussion: PublishersWeekly.com, Folio, Nieman Journalism Lab, Adweek, Capital New York, Guardian, Home Media Magazine, FishbowlNY, Broadcasting & Cable, @limlouisa, @tomjharper, @tmnheadlines, @janinegibson and The New Yorker Blog

David Carr / New York Times:

A Stalwart of Time Inc. Packs Up — In the decade I've covered John Huey, I'd never once been to his magisterial office on the 34th floor of the Time & Life building. It is large and imposing in a way its occupant is not, an unlikely landing spot for an old newspaper hack.

Discussion: @megan

Peter Kafka / AllThingsD:

Buzz Media Swaps Out CEO, Looks for More Money — Buzz Media, a pop culture Web publisher with dozens of sites, has a new CEO: President Stephen Hansen has taken the top spot, replacing Tyler Goldman, who moves up to executive chairman after six years. — The Los Angeles-based company …

Anna Heim / The Next Web:

Pocket partners with Matter, brings deep journalism to its read-it-later platform — Read-it-later platform Pocket has closed its first publisher partnership with Kickstarter-funded media outlet Matter, the company announced today in a blog post. — Following the agreement …

Discussion: TechCrunch, paidContent and Pocket Blog

Adi Robertson / The Verge:

Hackers claim 8,600 accounts infected in major Tumblr compromise — A growing number of Tumblr blogs have been hacked by notorious troll group GNAA or the Gay Nigger Association of America, perhaps best known for its association with the recently convicted Andrew Auernheimer or “weev.”