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10:10 AM ET, May 24, 2013

Mediagazer

 Top News: 
Crayton Harrison / Bloomberg:
News Corp. Publishing Unit Gets $500 Million Buyback Fund  —  News Corp. (NWSA) said its publishing division, which will become a separate company in June, will start out with a $500 million fund to repurchase stock.  —  The board authorized News Corp.'s split into two companies …
Discussion: Forbes and Wall Street Journal
RELATED:
BBC:
News Corp to split in two on 28 June  —  News Corp has announced it will officially split its publishing and entertainment businesses on 28 June.  —  Its board approved the separation into two firms, which will both be headed by the current chairman and chief executive Rupert Murdoch.
Leonard Downie Jr / Washington Post:
Leonard Downie: Obama's war on leaks undermines investigative journalism  —  Leonard Downie Jr. is a vice president at large of The Washington Post, where he served as executive editor from 1991 to 2008.  He is the Weil family professor of journalism at the Walter Cronkite School of Journalism …
RELATED:
Michael Calderone / The Huffington Post:
Obama: Leak Investigations Could ‘Chill Investigative Journalism’
Gavriel Hollander / Press Gazette:
Sun and ITV defend ‘public interest’ in broadcasting Woolwich terror video which Sky News judged too ‘distressing’  —  News organisations have defended their decisions to broadcast controversial video footage shot in the immediate aftermath of the Woolwich terror attack.
RELATED:
David Banks / Guardian:   Woolwich attack footage will stir debate over contempt laws
Tara Conlan / Guardian:
BBC axes £98m technology project to avoid ‘throwing good money after bad’  —  Independent investigation launched after Digital Media Initiative, which aimed to digitise archive, results in catalogue of errors  —  The BBC has admitted that it has wasted almost £100m on a technology project …
Discussion: BBC and PressGazette
Nate Raymond / Reuters:
Judge says leaning toward U.S. in Apple e-books case  —  (Reuters) - In an unusual move before a trial, a federal judge expressed a tentative view that the U.S. Justice Department will be able to show evidence that Apple Inc engaged in a conspiracy with publishers to increase e-book prices.
James Legge / The Independent:
Twitter libel: Sally Bercow's tweet about Lord McAlpine ruled libellous  —  Sally Bercow says she is “surprised and disappointed” by the High Court ruling that her tweet about Tory peer Lord McAlpine was libellous.  The tweet - which read: “Why is Lord McAlpine trending?
Discussion: Agence France Presse, Bloomberg and BBC
Josh Sternberg / Digiday:
How Publishers Organize for Social Era  —  Publishers are seeing social as a big traffic driver across the board, but the question remains how to organize for this.  —  For some very socially savvy publishers like a Mashable, this can mean a team of five-strong and a detailed strategy …
Discussion: eMedia Vitals
Ronald Grover / Reuters:
Hulu video site auction attracts four bidders: sources  —  (Reuters) - Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of the matter told Reuters, triggering a tug-of-war for the online video service.
Karen Fratti / 10,000 Words:
The Old Grey Lady: The Times Needs to Get Over ‘Snow Fall’  —  Like most people, I have a fear of getting really old.  You know how sometimes you see an old, grey lady in the supermarket grumbling about the price of milk and scowling at the clerk who tries to help her?  I don't want to be her one day.
Greg Sandoval / The Verge:
With downloads dwindling, music publishers throw a roadblock into Apple's iRadio plans  —  Streaming services, such as Pandora and Spotify, aren't as profitable for music publishers.  They want to change that.  —  For years, when it came to driving negotiations with internet music services over licensing …
Keach Hagey / Digits:
Twitter Cozies Up to Television With New Ad Products  —  Twitter rolled out two advertising products on Thursday aimed at showing it wants to be television's friend, not foe.  —  The social networking site, powered by its recent acquisition of social media data company Bluefin Labs …
RELATED:
Ingrid Lunden / TechCrunch:
Twitter Launches TV Ad Targeting, Twitter Amplify For Real-Time Videos In Stream
 
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 More News: 
Dominic Ponsford / Press Gazette:
Telegraph cements place as only profitable mainstream ‘quality’ national with £58.4m surplus for 2012
Arif Durrani / Media Week:
Guardian thinks global with new domain name theguardian.com
Discussion: Guardian, Journalism.co.uk and Adweek
Josh Halliday / Guardian:
BBC increases pay offer to lowest earners in bid to head off strikes
BuzzFeed:
Old Media Is Not Dead: Why Hedge Funds Have Fallen In Love With CBS
John Cook / Gawker:
Rob Ford Crackstarter Update
Keach Hagey / Wall Street Journal:
Discovery to Launch ‘TestTube’ Online Video Network
Discussion: NetNewsCheck Latest
Taylor Miller Thomas / Poynter:
Online campaign raises $15,000 for reporter who was shot in New Orleans
Leon Lazaroff / TheStreet.com:
Bloomberg's ‘Spygate’ Marks Murdoch's Latest Salvo
 Earlier Picks: 
Kara Swisher / AllThingsD:
Hearst Taps Demand Media's Bradford and Yucaipa's Johnson to “Redefine” the San Francisco Chronicle
Discussion: ZDNet, @rajunarisetti and FishbowlLA
Michael Calderone / The Huffington Post:
Top Politico Reporter Joins The New York Times
Chris Roush / Talking Biz News:
Bloomberg News hires Boston Globe's ME
John Koblin / Deadspin:
ESPN Is Now Hiring. Young And Cheap May Apply.
Fred Grimm / MiamiHerald.com:
Broward may be Koch brothers' own ‘deal from hell’
Discussion: The Newspaper Guild
Christopher Dickey / The Daily Beast:
The Al Jazeera Revolution
Discussion: Broadcasting & Cable
 

 
From Techmeme:

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

Bob Van Voris / Bloomberg:
US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions

 
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