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Facebook Said to Plan to Sell TV-Style Ads for $2.5M Each — Facebook Inc. (FB), seeking to break the long-held dominance of television over advertising budgets, plans to sell TV-style commercials on its site for as much as $2.5 million a day, two people familiar with the matter said.
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The Wrap, AdExchanger, Deadline.com, @lessien, TechnoBuffalo, Lost Remote, Quartz, WebProNews, @davemorgannyc, The Next Web, AllThingsD, VentureBeat, CNET, Yahoo! News, GigaOM, The Verge, SlashGear, BGR, Business Insider, Variety, Fast Company and Electronista

How Vice's Tim Pool used Google Glass to cover Istanbul protests — What is Google Glass good for, beyond showing off at technology conferences? Google's augmented eyewear has plenty of sceptics, but here's one scenario: — “When there's a wall of police firing plastic bullets at you …
Discussion:
@andysherry, @audreydomasian, @vice, GigaOM, @btrpkc, @panzer, @marcsettle, @tomo_taka1 and @flohmann


[UPDATED] Cleveland Plain Dealer layoffs coming tomorrow — UPDATE: Here's the company memo:

The Bradley Manning verdict is still bad news for the press — The Obama administration's war on leaks and, by extension, the work of investigative reporters, has been unrelenting — The American journalism trade is breathing a collective - but premature and, in many cases, grossly hypocritical - sigh of relief today.
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Bradley Manning Found Not Guilty of Aiding the Enemy, Guilty on Lesser Charges
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New York Times, theguardian.com, Reporters Without Borders, TechCrunch, CBS News, The Verge, theguardian.com, Mediaite, VentureBeat, The Huffington Post, theguardian.com, Telegraph, Mashable, @edpilkington, @jesserodriguez, Telegraph, Los Angeles Times, BBC, Reuters, @emilybell, @xeni, DW.DE, Sky News, Daily Mail, USA Today, @rdevro, @xeni, @xeni, Reuters, Washington Post, Toronto Star, @lukewearechange and @jcstearns


Q&A With the Chicago Tribune Editors Who Put a Cat on Their Homepage — Earlier today, visitors to the Chicago Tribune's homepage were greeted not with traditional lead story or splash image. Instead, there was an adorable kitty, a placeholder headline, and the word test over and over again.
Discussion:
@bellwak, @photojmatthew, @martinbeck, @amyguth, @toby_ziegler, @romustgo, Boing Boing, @strngwys, @brbarrett, Mediaite, @dtnick, HyperVocal, PetaPixel, The Huffington Post, Daily Dot, New York Magazine and FTVLive, Thanks:@brbarrett


New York Times elevates comments from below the line — As part of a series of experiments to make reaction more useful to readers, comments are placed alongside a story — The New York Times is trying something new with comments: placing key reactions alongside the story narrative.
Discussion:
GigaOM, @jeffsonderman, @bydanielvictor, @christinebohan, Kirk LaPointe's …, FishbowlNY, @mathewi and @markham

Senate panel approves Wheeler to lead FCC — The Senate Commerce, Science and Transportation Committee on Tuesday advanced Tom Wheeler's nomination to lead the Federal Communications Commission (FCC) to the Senate floor. — The panel approved his nomination by a voice vote, although there were scattered “no” votes from Republicans.
Discussion:
Variety, Broadcasting & Cable, The Wrap, Reuters, Deadline.com, Radio & Television … and Broadcasting & Cable

Greenwald: NSA hearing cancelled — This week's informal congressional hearing on the National Security Agency's surveillance program has been cancelled, according to The Guardian's Glenn Greenwald, who was expected to testify via satellite. — Democratic congressman Alan Grayson …
Discussion:
Mediaite, @dylanbyers and The Daily Caller


CBS Experiments With Streaming Deals — Amazon Streams ‘Under the Dome’; Netflix Has Rights to ‘Hostages’ — By - AMOL SHARMA - — CBS Corp. Chief Executive Leslie Moonves said Monday the broadcaster is experimenting with new business models for serialized dramas like apocalyptic summer hit …
Discussion:
New York Times, NetNewsCheck Latest and Variety
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CBS and Time Warner Cable extend deal to Friday afternoon
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AdAge, CNNMoney.com, FierceCable, Hollywood Reporter, TVNewser, The Verge, Reuters, The Wrap, CNET and Broadcasting & Cable


Amazon scores Obama Q&A for Kindle Singles Interview series — A coup for Kindle's shop for mini e-books, the new interview series lands President Obama as its next subject. It's the latest move inching the e-commerce giant into the realm of news. — Follow @@joan_e — President Barack Obama.

Should Publishers Fear Publicis Omnicom? — This past weekend's merger between Publicis and Omnicom is already creating ripples across the media industry. — Many publishers privately worry that consolidating two of the three largest advertising companies will have ongoing and lasting repercussions for their businesses.
Discussion:
GigaOM, @rickjwaghorn, @thebaltogroup, @joshsternberg and Corporate Intelligence


Changes at WSJ's Greater New York Section — The Wall Street Journal announced promotions and new positions at its' Greater New York section in a newsroom memo that went out this morning. — Bob Rose will become the New York York bureau chief and John Seely, who has been the editor …
Discussion:
Talking Biz News

Al Jazeera America Announces 12 New U.S. Bureaus and Correspondents — Al Jazeera America announced 12 American news bureaus on Tuesday: Chicago, Dallas, Denver, Detroit, Los Angeles, Miami, Nashville, New Orleans, New York, San Francisco, Seattle and Washington, D.C. — The network is set to launch August 20.
Discussion:
@paul_biasco