Top News:


AOL Music Shuttered, Staff Laid Off [Updated] — AOL has shuttered its AOL Music division and laid off its staff, according to pink-slipped employees on Twitter. — Spinner.com, a rock-music news site under the AOL Music banner, announced suddenly on Thursday afternoon that it was shutting down.
Discussion:
AllThingsD, TechCrunch, Radio & Television …, The Verge, The Next Web, RapFix, AllAccess.com, Mashable and CNET

Koch Brothers Could Buy Tribune Papers To Add Media Division … David and Charles Koch control what is believed to be the nation's largest privately held company, Koch Industries. They share a strong libertarian bent against high taxes and government regulation.
Discussion:
JIMROMENESKO.COM and Hit & Run
RELATED:

Why Big Cities Make Media Liberal—and Why the Koch Brothers Can't Do Anything About It
Discussion:
Nieman Journalism Lab, Wonkblog, Slate, JIMROMENESKO.COM and Le·gal In·sur·rec· tion, Thanks:@underoak


White House Correspondents' Association dinner isn't costly, but the parties are — Figure on paying big time for a semi-glamorous locale; an embassy will do (but only one for a major country). Then, add in food and booze — about $100 a head. Plus entertainment, security, cleanup, insurance.
Discussion:
The Atlantic Wire, Mediaite, The Huffington Post and Chickaboomer

Murdoch to Get $28.3 Million Pay When News Corp. Splits — Rupert Murdoch, the billionaire founder of News Corp., will receive $28.3 million in combined compensation next year from the two businesses created by the breakup of his media empire. — Murdoch's base pay in 2014 will amount to $8.1 million …
Discussion:
Hollywood Reporter, Guardian, Reuters, Los Angeles Times, Seeking Alpha and FishbowlNY


New Reality Show to Skip TV, Play Entirely on Social Media (EXCLUSIVE) … Who says a reality show has to air on TV? — The Chernin Group is producing an audacious new unscripted series that will be distributed entirely on social-media platforms instead of having a home on TV, according to sources familiar with the production.
Discussion:
Los Angeles Times


Financial Times faces weak advertising market, says parent company — Pearson predicts difficult first quarter for newspaper, with total group revenues down 1% year on year to £1.2bn — Pearson has said that the Financial Times faced a “weak” advertising market in the first quarter of this year …
Discussion:
Media & Entertainment, The Drum and Talking Biz News


Why the New York Times has set up a newsroom analytics team — The team was set up by Aron Pilhofer, who already runs the interactive news team, social media team and communities team, to introduce editorial-focused analysis of data — Copyright: By DaveBleasdale on Flickr. Some Rights Reserved.
Discussion:
eMedia Vitals
RELATED:

The New York Times Releases Its Headline-Reading Google Glass App
Discussion:
Forbes, CNET, AppNewser, Softpedia News, MediaShift, Engadget and The Next Web


Meet Michelle Boatley, fake Thomson Reuters legal publication reporter — A few years ago, Boatley was cranking out stories left and right — short pieces about law firm layoffs, merger deals, and firm expansions. — Then she vanished. — People who knew the secret about Boatley thought she had been killed — by her editors.


Amazon's success formula: move bits instead of boxes — (Reuters) - Amazon.com Inc appears to have figured out the secret to being more profitable: sell less physical stuff. — The company reported slowing revenue growth and offered a disappointing outlook for this quarter on Thursday …
Discussion:
Washington Post, Good e-Reader, New York Times, Bloomberg and Business Insider
RELATED:

Kindle TV: why does Amazon need a set-top box?
Discussion:
ReadWrite, VatorNews, Wall Street Journal, GigaOM and The Next Web


Glenn Beck on the Fox News ‘Pit of Despair’ and Why He Got Out of Cable TV — Glenn Beck thinks the television industry as we know it is dying, but that's not why he left it to start his own digital network, The Blaze. He's making a lot more money now than he did at Fox News, but that wasn't it either.

New Law Makes Suing for Libel Harder in England — LONDON — London's reputation as the libel capital of the world, “a town called sue,” is poised to end. — A new law enacted Thursday strengthens the position of people sued for libel here and puts an end to most cases of so-called libel tourism …
Discussion:
Nature


New York Times Going Back to Not Caring About Blogs — As part of its looming redesign, the New York Times is moving away from what the Internet calls “blogs,” starting with the Media Decoder section of the site, home to the quicker, sassier musings of Bill Carter, Brian Stelter, David Carr …
Discussion:
Media Decoder, New Republic and Capital New York


Powerhouse reporter Bob Hennelly to leave WNYC; station suffers a digital divide — WNYC has lost one of its heavyweights: Bob Hennelly, a longtime investigative reporter who's been with the National Public Radio affiliate for more than a decade, is leaving the station.

The next generation of Instapaper — When I launched Instapaper in 2008, it was a very basic web app. It quickly expanded to define the pillars of the read-later market: a one-click “read later” bookmarklet, a web sync service, an adjustable text view optimized for reading, and an iPhone app with offline saving.
RELATED:

Digg Owner Betaworks Buys Instapaper To Go Big On Social Reading And Discovery
Discussion:
WebProNews, paidContent, FishbowlNY and TUAW