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7:40 PM ET, February 6, 2013

Mediagazer

 Top News: 
Jennifer Saba / Reuters:
News Corp posts higher quarterly revenue, profit  —  News Corp reported higher quarterly revenue and profit on Wednesday on strong growth at its cable networks.  —  The media conglomerate, controlled by Rupert Murdoch, said revenue rose 5 percent to $9.43 billion for the quarter that ended in December.
RELATED:
BBC:   News Corporation sees net income double
Edmund Lee / Bloomberg:
News Corp. Profit Exceeds Analysts' Estimates on Subscriber Fees
Discussion: Associated Press
Peter Kafka / AllThingsD:
Time Inc. Layoffs Will Cost $60 Million  —  Time Inc.'s move to lay off about 6 percent of its workforce will cost the company at least $60 million in restructuring charges this year.  —  Time Inc. corporate parent, Time Warner, disclosed the number as part of its guidance for its 2013 financials.
Amy Chozick / Media Decoder:
Cable TV Revenue Helps Spur Time Warner Profit  —  Updated The cable television business helped propel Time Warner to a 51-percent increase in net income and offset weakness in magazine publishing and movies in the three months that ended Dec. 31.  —  The media company said Wednesday …
RELATED:
Eriq Gardner / Hollywood Reporter:   Time Warner CEO Jeff Bewkes Addresses Netflix Competition
Ryan McCarthy / MediaFile:
Another blog post that won't make any money  —  It's been a strange and daunting decade for print journalism — it's now an even stranger time for web journalism.  We've become accustomed to reading headlines like BuzzFeed's recent $19 million fund raising, followed by news of buyouts for veterans at the New York Times.
Discussion: @jeffjarvis, Thanks:@mccarthyryanj
Christine Haughney / Media Decoder:
Magazines React to Post Office Cutbacks: ‘The Friday Evening Post’?  —  Updated The magazine industry, which has already been hurt by advertising declines and the loss of readers, spent Wednesday afternoon reeling from the latest news that they no longer would be able to get magazines delivered on Saturdays.
Kara Bloomgarden-Smoke / The New York Observer:
Journalists Take Refuge in The World of Branded Content  —  Until December, Melissa Lafsky Wall was the editor of Newsweek's iPad edition, a job she landed on the strength of bylines in The New York Times, Salon, Wired and The Christian Science Monitor, as well as editing stints at the Huffington Post and the Freakonomics blog.
Discussion: Forbes and The Awl
Jemima Khan / New Statesman:
The inside story of how Julian Assange alienated his allies  —  I passed through Los Angeles recently on my way to the Sundance Film Festival.  I don't know the place well, but it always feels to me as if it is in limbo and has never grown into a proper city: a municipal playground, populated by restless kidults.
Discussion: Guardian and @aljwhite
Andy Fixmer / Bloomberg:
Katzenberg Says Mobile Viewers Will Pay by ‘Inch’  —  Hollywood studios will eventually charge less for entertainment streamed to small devices, basing prices on screen size, DreamWorks Animation SKG Inc. (DWA) Chief Executive Officer Jeffrey Katzenberg predicted.
Bloomberg:
Google Said in Talks to Invest $50 Million in Vevo Site  —  Google Inc.'s YouTube is negotiating a $50 million equity investment in music video service Vevo LLC, according to two people with knowledge of the situation.  —  Google would own less than 10 percent of the company …
Michael Calderone / The Huffington Post:
Wall Street Journal Reporters Urged To Write More Short Articles, ‘Fun Brites’  —  Rupert Murdoch has always been fond of shorter articles in newspapers — something Journal staffers accustomed to writing deep, investigative stories worried about when he bought the paper in 2007.
Henry Blodget / Business Insider:
Thank You For Aggregating Us!  —  I just wanted to post a quick note of thanks to every blogger, media organization, and reader who has ever shared our work and spread the word about Business Insider.  —  Thanks to you, we're now privileged enough to have more than 23 million unique readers a month …
Discussion: PandoDaily and paidContent
Lauren Kirchner / Capital New York:
At 50, ‘New York Review of Books’ celebrates the longevity of a magazine, and a mission  —  The first issue of The New York Review of Books came off the presses, famously, in February 1963, during the third month of a printers' strike that had shut down seven New York City newspapers …
 
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 More News: 
Graeme McMillan / Digital Trends:
British High Court Denies Hollywood Repayment from Online Piracy
Discussion: Techdirt
Mike Barnes / Hollywood Reporter:
Jeffrey Thompson to Lead Digital Push at Shout! Factory
Discussion: MinOnline
Lisa O'Carroll / Guardian:
News International rushes to settle phone-hacking claims ahead of hearing
Reed Stevenson / Bloomberg:
Apple ITunes Store Sells 25 Billion Song Downloads Over Decade
Discussion: Apple, VentureBeat and ValueWalk
 Earlier Picks: 
Ingrid Lunden / TechCrunch:
BBC Aims For More Int'l Growth, Releases First Worldwide Sports App For iOS, Android Coming Soon
Discussion: Softpedia News
Arif Durrani / Media Week:
PPA to publish combined print and digital figures for magazines
Loretta Chao / Wall Street Journal:
Brazil: The Social Media Capital of the Universe
Discussion: The Wall Blog
ABC News:
Guardian Australia funder says site will usher in era of open journalism
Discussion: TheAustralian and Guardian
Jon Russell / The Next Web:
Rupert Murdoch claims Chinese hackers are still attacking the Wall Street Journal
Agustino Fontevecchia / Forbes:
Liberty Global To Buy Virgin Media For $23B As Billionaire John Malone Challenges Murdoch
Caleb Garling / The Technology Chronicles:
Twitter buys digital bridge to television
Discussion: Engadget, Bloomberg and Mashable!