Mediagazer: *READER'S DIGEST FILES BANKRUPTCY TO CUT $465 MILLION IN DEBT -Bloomberg (Michael McDonough/@m

11:01 PM ET, February 17, 2013

Top News:

Brian Stelter / Media Decoder:

Business Insider Names Joe Weisenthal Executive Editor — Business Insider, the online news franchise started by Henry Blodget nearly six years ago, is appointing an executive editor for the first time as it grapples with a good problem: growth. — The editor is Joe Weisenthal …

Discussion: New York Magazine and @thestalwart

Felix Salmon:

Maria Popova's blogonomics, part 2 — By a curious coincidence, Maria Popova was scheduled to give a speech about blog business models the day after Tom Bleymaier and I wrote about hers. I went along to hear what she had to say, and caught up with her afterwards. — Popova is making changes to her site.

Discussion: @kashhill, @xeni, @moorehn, @jayrosen_nyu and @felixsalmon

Douglas Quenqua / New York Times:

The Boy Wonder of Buzzfeed — “BenSmithing is now an official term!” shouted Michael Hastings, a Buzzfeed reporter and author, at his book release party in Chelsea on a subfreezing night in January. The roomful of young reporters, ad salesmen and b-list political gadflies (Meghan McCain turned heads all night) hooted in approval.

Discussion: Daily Download, @justinnxt, @max_read and @buzzfeedandrew

Ben Jacobs / Daily Download:

What The New York Times Utterly Misses About BuzzFeed — The New York Times' profile of Ben Smith, the Editor in Chief of Buzzfeed, depicts him as a brand new phenomenon in journalism. — It's not the article's only error— the author, Douglas Quenqua, labors on the misapprehensions …

Patrick B. Pexton / Washington Post:

The Post's last ombudsman? — It is possible that I'll be The Washington Post's last independent ombudsman and that this chair will empty at the conclusion of my two-year term Feb. 28. If so, that will end nearly 43 years of this publication having enough courage and confidence to employ a full-time reader representative and critic.

Discussion: The Wrap, @jcstearns, @wapoombudsman and @jeffjarvis

Keach Hagey / Wall Street Journal:

A New King of Magazines Emerges — In 1922, the same year Henry Luce and Briton Hadden founded Time magazine in New York City, Edwin Thomas Meredith launched a title called Fruit, Garden and Home in Des Moines, Iowa. — Two years later, the magazine changed its name to Better Homes and Gardens …

Discussion: Guardian

John R. Bohrer / Capital New York:

F.B.I. destroyed file on Arthur Ochs Sulzberger, ‘Times’ publisher behind the Pentagon Papers — Arthur Ochs Sulzberger. — The Federal Bureau of Investigation has destroyed its file on Arthur Ochs Sulzberger, the late New York Times publisher who defied the federal government in the twilight …

Discussion: Gothamist and @jackshafer

Jay Yarow / Business Insider:

The Best Apple Reporter In The World Is A 19-Year-Old College Freshman At Michigan — At the end of January, 9to5Mac writer Mark Gurman reported Apple was unexpectedly going to release a new version of the iPad. — This model would be 128 gigabytes, giving it twice as much storage …

Discussion: @glennf, @jyarow and @mathewi

Michael McDonough / @m_mcdonough:

*READER'S DIGEST FILES BANKRUPTCY TO CUT $465 MILLION IN DEBT -Bloomberg

Bianca Bosker / The Huffington Post:

Tesla, The New York Times And The Truth About ‘Truth’ In Data — Electric Cars , Video , Elon Musk , John Broder , Tesla Model S New York TImes , Tesla New York Times , New York Times Tesla Data , Tesla Data , Tesla New York Times Data , Technology News — Tesla CEO Elon Musk.

Discussion: Mercury News, TechCrunch, The Next Web and Techdirt

David Edwards / The Raw Story:
CNN shoots down ‘New York Times’ by taking Tesla road trip: 'It wasn't that hard'

Discussion: AllThingsD, Boing Boing, Examiner, @elonmusk, @bobbyllew, @toddbarnard, @hunterwalk, @katiefehren, @barterpaul, @elonmusk, @hblodget, Examiner and Guardian

Brooks Barnes / New York Times:

The Hollywood Reporter Dusts Off Its Party Clothes — BEVERLY HILLS, Calif. — Janice Min, the editor of The Hollywood Reporter, looked a little dazed as she stood outside Spago the other night. And so what if she was? Facing a firing squad of 16 photographers and 7 TV cameras will do that to a person.

Dorsey Shaw / BuzzFeed:

CNN's 24 Hours Of Poop Ship — Relive the first major “breaking news” event to be covered by Jeff Zucker's dynamic new CNN with its amazing chyrons. Feb. 14, 2013, will go down in history as the first day Jeff Zucker's dynamic new CNN really covered a breaking news story, like a sewage-soaked Carnival cruise blanket.

Discussion: TVNewser, Media Decoder, @jayrosen_nyu, The Huffington Post, Politico, Hollywood Reporter, New York Magazine, Deadline.com, TIME and @jeffsonderman

Jeff John Roberts / paidContent:

New report says video ads are soaring — but only 5% are on mobile — New ad industry figures claim the number of online video ads shown in the last quarter of 2012 grew an eye-popping 52 percent compared to the previous three months. This stat shows that TV dollars may be shifting to the web in force …

Discussion: Beet.TV and eMedia Vitals