Mediagazer: Obama Said to Consider Vogue Editor Wintour for U.K. Embassy (Hans Nichols/Bloomberg)

7:20 AM ET, December 4, 2012

Top News:

The Daily didn't fail-Rupert gave up — When you're as wealthy as Rupert Murdoch ($9.4 billion) and you control a company as resource-rich as News Corp (market cap $58.1 billion), shuttering a 22-month-old business like The Daily doesn't signify failure as much as it does surrender.

Discussion: Media Decoder, Forbes, Talking Biz News, CJR and MarketWatch

Felix Salmon:

The impossibility of tablet-native journalism — The Daily has reached the end of its life: as News Corp splits in two, its losses, which might have been manageable within the current behemoth, would have loomed far too large in the smaller spinoff. — The news is not particularly surprising …

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

Discussion: AdAge, Digits, Guardian, AllThingsD, PandoDaily, TPM IdeaLab, New York Magazine, Gizmodo, International Business Times, Quartz, The Awl, The Next Web, Talking Points Memo and Business Insider

Jeff Jarvis / Guardian:
The Daily closes shop: why the news app was doomed from the start

Discussion: Capital New York

Ken Doctor / Newsonomics:
Nine Questions on the News Corp Split: The Rise of Twenty-First Century Fox and The Daily's Demise

Discussion: Digiday and Guardian

BBC:

David Cameron tells editors to set up regulator quickly — Lord Hunt: “It's a great opportunity and the industry must seize it” — The prime minister has met newspaper editors and says he told them to act quickly to set up a new press regulator in the wake of the Leveson report.

Discussion: Sky News

Andrew Pugh / Press Gazette:
Leveson blamed for police reluctance to identify high-profile Savile probe suspect

Discussion: Guardian and BBC

Stuart Kemp / Hollywood Reporter: British Parliament Debates Leveson Report Findings Into Press Regulation

BBC:
Leveson report: No timetable for draft legislation, says government

Discussion: Online Journalism Blog, Channel 4 and Virgin Media …

John McAfee / Who is McAfee?:

Another Apology. — I openly apologize to Vice Magazine for manipulating their recently published photo. I have been ferocioously put my place by Mr. Rocco for “interfering” with the objectivity of their reporting. I, for my own safety, manipulated the xif data on the image taken from my cellphone …

Discussion: VICE, Softpedia News, Mashable!, CNET, SocialTimes, Daily Dot, Gawker, Naked Security, The Next Web, Wired and Betabeat

Alex Wilhelm / The Next Web:
Vice leaves metadata in photo of John McAfee, pinpointing him to a location in Guatemala

Discussion: Gizmodo, Who is McAfee?, Guardian, @katz, Daily Dot and New York Magazine

Robert Andrews / paidContent:

Forecast: Internet ad spend will outstrip all print in 2015 — 2015 is the year when internet advertising spend will overtake combined newspaper and magazine ad spend globally, according to ad group ZenithOptimedia's latest forecast. — That mark has already been passed in some countries, but not on a worldwide basis.

Discussion: NetNewsCheck Latest, BtoB Magazine and Wall Street Journal

Alexis C. Madrigal / The Atlantic Online:

3 Theses About The Daily's Demise — The only way to even *know* what readers might like is to allow them to read and share on the open Internet. — Knowing what it's like inside a media company, let me state up front that there are epistemological problems in deciding from the outside why The Daily failed.

Discussion: New York Magazine

Adrian Chen / Gawker:

Hackers Behind Tumblr Worm Say They Warned Tumblr of Vulnerability Weeks Ago — Tumblr has been flooded by a worm that's spamming thousands of user's feeds with an anti-Tumblr rant. In an interview, a spokesman for the group that's apparently behind the hack claims they warned Tumblr weeks ago …

Discussion: Naked Security, The Next Web, BuzzFeed, Gizmodo, ITworld.com, CNNMoney.com, Adweek, SocialTimes, CNET, Daily Dot, Engadget, TechCrunch, Betabeat, Business Insider and Softpedia News

Amanda Holpuch / Guardian: Tumblr hit by cyber worm from group engaged in ‘anti-blogging’ campaign

Adi Robertson / The Verge:
Hackers claim 8,600 accounts infected in major Tumblr compromise (update: Tumblr responds)

Discussion: Gawker and VentureBeat

Tony Silber / Folio:

Hearst: Making Headway on Mobile but Still Bullish on Print — Company likely to test new print mag in 2013, despite 800,000 paid mobile subs. — Hearst Magazines has 800,000 paying app customers, and 80 percent of them are new to Hearst brands, making mobile devices, including tablets and smartphones …

Discussion: NetNewsCheck Latest and Mashable!

Hans Nichols / Bloomberg:

Obama Said to Consider Vogue Editor Wintour for U.K. Embassy — President Barack Obama is considering nominating Anna Wintour, the editor-in-chief of Vogue, to be either his next ambassador to the U.K. or France, as he looks to reward his biggest fundraisers with embassies that never seem out of fashion …

Discussion: The Daily Beast and New York Magazine

Shalini Ramachandran / Wall Street Journal:

Time Warner Cable CEO Lashes Out at Program Costs — Time Warner Cable Inc. Chief Executive Glenn Britt issued a stern warning to entertainment companies Monday, saying he will take a “hard look” at each programming contract and drop television channels that “cost too much relative to the value of the service.”

Discussion: bizjournals

Elizabeth Jensen / New York Times:

Partnership Offers Support For Media Entrepreneurs — Can the nascent entrepreneurial ideas bouncing around Silicon Valley help reinvent public media? — Matter Ventures, a start-up accelerator that will provide four months of financial and logistical support for budding media entrepreneurs …

Discussion: Matter and @andrewhaeg, Thanks:@patmix

Steven Swinford / Telegraph:

Met Police ignored “vociferous” phone hacking warnings from own detectives — Senior detectives have questioned the Metropolitan Police's version of events over phone hacking after claiming that “vociferous” warnings were ignored and that official records are “inaccurate”.

Edmund Lee / Bloomberg Tech Blog:

Apple's ITunes Would Be One of World's Biggest Media Companies — Photograph by Miquel Benitez/Getty Images — Apple has more than 435 million iTunes accounts stored in the company's database, according to Talal Khan, an analyst. — Google, Facebook and even Yahoo have been hailed …

Jeff John Roberts / paidContent:

BuzzFeed's latest: Is this the future of magazines? — What happens if you cross the editorial precision of a magazine with the latest bells and whistles of web publishing? Viral site BuzzFeed hopes the answer looks like the long-form feature it published last week on the history of video games.

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: The Week, JIMROMENESKO.COM, Capital New York and New York Magazine

Hamilton Nolan / Gawker:
30 More Buyouts Coming to the New York Times

Discussion: Guardian, WWD Media Headlines, Media & Entertainment, CBS New York, FishbowlNY, Adweek, The Huffington Post, Mashable!, Forbes, ABCNEWS, The New York Observer, Poynter and Media Decoder

Telegraph:

Tom Mockridge quit News Corp after major Murdoch shake-up left him with a role 'he didn't want' — Tom Mockridge resigned as chief executive of News International, publisher of The Times and the Sun, because a major management shake-up at Rupert Murdoch's media empire has left him with a role he does not want.