Mediagazer: Reader's Digest Files Bankruptcy to Cut $465 Mln Debt (Dawn McCarty/Bloomberg)

12:15 PM ET, February 18, 2013

Top News:

Frédéric Filloux / Monday Note:

The Need for a Digital “New Journalism” — The survival of quality news calls for a new approach to writing and reporting. Inspiration could come from blogging and magazine storytelling and also bring back memories of the 70′s New Journalism movement. — News reporting is aging badly.

Discussion: @noruweijin, @bobbiejohnson, @kcorrick, @konradweber, @wblau, @zimbalist, @rajunarisetti, @moorehn, @rafat and @_arianna

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, @moorehn and @thestalwart

Michael Wolff / Guardian:

The fall of Time Inc is more about bad leadership than a dying industry — Even in the context of the general decline of the magazine business, Time Inc warrants special shame and humiliation — I remember when the 34th floor of the Time Life building was the most vaunted real estate in journalism.

Discussion: @smalera, @michaelwolffnyc and @palafo

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 …

Jay Rosen / Pressthink:

Some shifts in power visible in journalism today — “To some degree they have achieved what Tim Russert of NBC News had when he was host of Meet the Press. Sitting down for an interview with Swisher and Mossberg is a thing you do to show that you are a serious player...”

Discussion: @stephaniepride, @rajunarisetti, @scottdougal and @dskok

Dawn McCarty / Bloomberg:

Reader's Digest Files Bankruptcy to Cut $465 Mln Debt — RDA Holding Co., publisher of the 91-year-old Reader's Digest magazine, filed for bankruptcy to cut $465 million in debt and focus on North American operations as consumers shift from print to electronic media.

Discussion: @m_mcdonough and Reader's Digest Association

Andrew Beaujon / Poynter:

McGrory: Boston Globe will ‘untangle’ its two websites — The difference between BostonGlobe.com and Boston.com isn't clear to “many people in this community and people in this newsroom,” Boston Globe Editor Brian McGrory told Poynter in a phone interview Friday. “That's understandable,” he said.

Discussion: Media Nation, NetNewsCheck Latest, @nycjim and @jayrosen_nyu

Andrew Beaujon / Poynter:

Austin Tice, David Corn win Polk Awards — McClatchy's David Enders and Austin Tice have been awarded the George Polk Award for War Reporting for their work in Syria, Long Island University announced Monday. Tice, a freelancer, has been missing in Syria since last August.

Erik Hayden / Hollywood Reporter:
Editor Behind Romney ‘47 Percent’ Video Honored With Polk Journalism Award

Discussion: Mother Jones, New York Times, The Wrap, Long Island University, McClatchy Washington Bureau, @daudig, Talking Biz News, @davidcorndc and @davidcorndc

Martin Bryant / The Next Web:

Risk of a ‘Pando problem’? The Business of Fashion blog lands $2.1m from LVMH, Index Ventures and more — In these harsh economic times where B2B enterprise plays make the safest bets, newly venture-backed media companies are a rarity. That's why it's interesting to see that fashion blog …

Discussion: TechCrunch, Guardian, BoF and growthbusiness.co.uk

Jasper Jackson / TheMediaBriefing: From blog to B2B platform: Business of Fashion lands $2.1 million VC funding

Josh Halliday / Guardian:

Jimmy Savile scandal: judge's review contacted by more than 425 people — Dame Janet Smith's investigation into sexual abuse at the BBC over five decades highlights scale of allegations it covers — The judge-led investigation into sexual abuse at the BBC in the Jimmy Savile era …

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.

Kit Eaton / Fast Company:

Apple TV Rumors Boosted With “High Priority” Job Posting — Another Apple job posting hints that Apple has interesting tech en route. — Apple job postings are one place the usually secretive company has to reveal a few details about its plans, and a fresh one has added some serious spin to the rumors about an Apple TV.

Discussion: MacRumors and Monday Note

Josh Sternberg / Digiday:

Why LinkedIn is a Sleeping Giant of Publishing — Let's say you were to construct the ideal business publisher from scratch. It would have a strong tech platform that doesn't slow down because of too many users or ads. It would foster direct connections.

Thanks:@joshsternberg