Mediagazer: The Washington Post Co. earnings decline; revenue sees slight increase (Steven Mufson/Washington Post)

10:40 AM ET, May 3, 2013

Top News:

The Washington Post Co. earnings decline; revenue sees slight increase — The Washington Post Co. reported an 85 percent drop in earnings, although after subtracting one-time items, profits from continuing operations fell by 55 percent while revenue inched up slightly.

Discussion: Poynter and paidContent

Jennifer Saba / Reuters:

Washington Post profit plunges 85 percent on weak news, education revenues — (Reuters) - Washington Post Co reported an 85 percent drop in first-quarter net income on Friday on weakness in its education and newspaper businesses. — Stronger results from the television and cable operations …

Discussion: RTTNews and Fort Mill Times

Joe Pompeo / Capital New York:

“The Daily Beast and Howard Kurtz have parted company” were the words used by Daily Beast founding editor Tina Brown in a statement to Politico's Dylan Byers. — The news about her putative Washington bureau chief, who never was really much of a politics editor but came from a long career …

Sharon Waxman / The Wrap:

CNN: Howard Kurtz and ‘Reliable Sources’ Under Review — The media critic, fired from The Daily Beast, is now under review with his CNN bosses — Howard Kurtz and his weekly “Reliable Sources” media talk show are under review after his firing from The Daily Beast over erroneous reporting, a CNN spokeswoman told TheWrap on Thursday.

Discussion: FishbowlNY, Inside Cable News, BuzzFeed and The Huffington Post

Peter Gelling / GlobalPost:

American journalist likely held by Syrian government — BOSTON, Mass. — After a five-month investigation inside Syria and the wider Middle East, GlobalPost and the family of missing American journalist James Foley now believe the Syrian government is holding him in a detention center near Damascus.

Discussion: CBS Boston

Nat Ives / AdAge:

New York Is Magazine of the Year at National Magazine Awards — Pitchfork Wins for General Excellence in Digital — New York magazine was named magazine of the year at the annual National Magazine Awards on Thursday night, taking home a prize only introduced in 2010 to honor brands that excel in both print and digital media.

Discussion: Mashable, New York Times, FishbowlNY, The Huffington Post, WWD, Capital New York, The Atlantic Online and MinOnline

Jillian C. York / Mediashift:

Why We Still Need World Press Freedom Day — Eskinder Nega is an Ethiopian journalist and blogger who, in July 2012, was convicted under the country's broad anti-terrorism law and sentenced to 18 years in prison for exercising his right to free expression. Nega's conviction has been roundly condemned …

Discussion: Guardian, Index on Censorship, unric.org, english.ahram.org.eg and Electronic Frontier Foundation

Mathew Ingram / GigaOM:

Why we should stop asking Twitter to introduce a correction feature — Every time a breaking news event like the Boston bombings occurs and Twitter becomes a hot mess of real-time news reports, hoaxes, fake accounts and misinformation, there is a great hue and cry for some kind of correction mechanism …

Discussion: NationalJournal.com

Jeff Bercovici / Forbes:

Study Shows Native Ads Outperform Banners...Mostly — There's an awful lot of excitement in the digital publishing world around native advertising and a lot of new marketing dollars being spent on ads that blend seamlessly with or mimic the forms of content.

Peter Kafka / AllThingsD:

Spotify Takes a Page From the Twitter Playbook, Buys Music Discovery App Tunigo — Last fall, Twitter bought We Are Hunted, a “music discovery” startup that made a popular app for Spotify. — Apparently Spotify is paying attention: It just bought Tunigo, another music discovery startup with a popular Spotify app.

Discussion: GigaOM

Pallavi Polanki / Firstpost:

Delhi gang-rape: Foreign journalists to move High Court after being barred from trial — New Delhi: — A little over a month after the ban on the media to the report on the Delhi gang-rape trial was lifted by the Delhi High Court, a fast-track court hearing the case has barred foreign journalists from covering the proceedings.

Vikram Dodd / Guardian:

Phone-hacking investigation: Rebekah Brooks's former bodyguard charged — David Johnson to be charged with conspiracy to pervert the course of justice for allegedly concealing evidence from police — Rebekah Brooks's former bodyguard is to be charged with concealing potential evidence …