Top News:
Tim Carmody / The Verge:
Goodreads is no Instagram: Amazon paid about $150 million — Estimates of the company's billion-dollar purchase price were sadly misguided — Terms of Amazon's acquisition of Goodreads haven't been disclosed, but that won't stop people from speculating. Bloomberg Businessweek put forward …
Discussion:
AllThingsD and Digits
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Jeff John Roberts / paidContent:
Authors Guild warns of monopoly in Amazon's purchase of Goodreads — The literary world gasped on Thursday when Amazon announced it had acquired Goodreads, a popular social networks that lets book lovers connect and share reviews with one another. The deal gives Amazon control …
Discussion:
The Authors Guild, GalleyCat, Forbes, The Huffington Post and WebProNews
Craig Mod / paidContent:
The deal Goodreads should've struck (hint: it wasn't with Amazon) — In my dream team, fantasy publishing startup league, I would have had Goodreads buy Readmill. Here are two startups with similarly overlapping problems. I understand why Amazon bought Goodreads, and why Goodreads sold itself to Amazon.
Cynthia Littleton / Variety:
Warner Bros. Embraced Digital Future With Choice of Kevin Tsujihara as CEO … Editor-in-chief: TV — @Variety_Cynthia — Kevin Tsujihara is feeling the weight of his triumph. Eleven days into his tenure as CEO of Warner Bros., his inbox is still inundated with well wishers.
Associated Press:
AP opens full news bureau in Myanmar — YANGON, Myanmar (AP) — The Associated Press on Saturday became the first international news agency to open a bureau in Myanmar since a reformist government took power two years ago and began relaxing restrictions on the media for the first time in decades.
Kyle Stock / Businessweek:
Rampant Speculation: How Much Did Amazon Pay for Goodreads? — Valuing a social network is part art, part science, and part nonsense, but the spectrum has narrowed a bit in the past couple of years as sites like Pinterest and Twitter closed financing rounds and companies like LinkedIn hit public markets.
Discussion:
Betabeat, Business Insider, ZDNet, LA Observed, PandoDaily, @chrisdmasters, @dkiesow, @gcompadre, @michaelwolf, @alexckaufman, @percival and New York Times
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Justin Ellis / Nieman Journalism Lab:
Texas Tribune expands its niche email business with In the Flow — The Texas Tribune is getting into the niche newsletter business. The Tribune's new twice-a-month newsletter, In the Flow, takes a look at water issues and related topics like droughts and fracking.
Discussion:
The Texas Tribune
Emma Bazilian / Adweek:
New York Magazine Launches Enhanced iPad App — New York magazine is finally scrapping its digital replica app and launching a new interactive version of its weekly print magazine that was created with digital design agency The Wonderfactory and uses the Mag+ platform.
Discussion:
Mobile Marketer Media
Eliza Kern / paidContent:
Generation Mooch? Why 20-somethings have a hard time paying for content — I distinctly remember learning how to read, and it wasn't from a book or in a kindergarten classroom. — It was sitting at the breakfast table with my Dad every morning, when we would read the weather section of the Washington Post.
Discussion:
New York Times and TeleRead
Monica Almeida / Al Jazeera English:
New challenges for investigative journalism — Investigative reporting is the preferred scapegoat of the powerful when they have something to hide, writes Almeida. — Monica Almeida is the Quito editor of daily newspaper El Universo. She has worked for AFP in Paris and was a 2009 Nieman Fellow at Harvard University.
Lucas Shaw / The Wrap:
The Hollywood Reporter Apologizes to Deadline Parent Company, Settles Lawsuit — The Hollywood Reporter admitted to stealing code from Penske Media Corporation, parent company of rival publications Deadline Hollywood and Variety, as part of a recent settlement the two companies reached to end their year-and-a-half-old legal dispute.
Discussion:
Wall Street Journal, FishbowlLA and Variety
Karen Rothmyer / Columbia Journalism Review:
Kenya: a public editor learns her value — Shortly after I became the Kenya Star's public editor in early 2011, the paper published a story under the headline “Police move to stop sex party at Muliro Garden,” about the sorry state of a park in one of Kenya's outlying towns.
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