Mediagazer: How Justin Smith remakes media companies — and why the Atlantic will be fine without him (Jeff John Roberts/paidContent)

12:40 PM ET, August 5, 2013

Top News:

The Last Temptation of Tina Brown — On Nov. 12, 2010, Tina Brown gathered the staff of her Web site The Daily Beast in the third-floor conference room at its Chelsea offices with its commanding views of the Hudson. Brimming with the fervor she has brought to all her endeavors …

Tom McGeveran / Capital New York:

Newsweek has been sold to IBT Media, publishers of International Business Times; will remain ‘100% digital’ — Earlier today, IAC Interactive reached a deal to sell Newsweek, the remains of the old magazine in digital format, to the owners of the International Business Times.

Ken Doctor / Nieman Journalism Lab:

The newsonomics of John Henry buying The Boston Globe — It was a big auction — on paper. Literally. The storied Boston Globe, the 141-year-old Globe that has won 21 Pulitzers and dominated its region's reporting for so long, went for a song: $70 million.

Beth Healy / The Boston Globe:

3 groups say they topped Henry's bid for Globe — Three of the groups that lost out in the bidding for The Boston Globe say their offers were higher than Red Sox owner John W. Henry's winning $70 million bid — prompting them to question the New York Times Co.'s sales process.

Discussion: Boston Globe, Poynter and The Huffington Post

Peter May / New York Times:

Red Sox Owner's Purchase of Boston Globe Worries Journalists — BOSTON — As the list of potential purchasers of The Boston Globe leaked out, the newspaper's longtime sportswriter and columnist Bob Ryan said his only thought was: please, let it be anyone but John Henry.

Discussion: The Daily Caller

Tim McLaughlin / Reuters: From Boston hero to goat, billionaire John Henry takes on Globe challenge

Bill Carter / New York Times:

Viewers Wait for CBS and Time Warner to Make Up — The two sides in the fee dispute between CBS and Time Warner Cable stayed in their respective corners Sunday, and may not engage in further direct confrontation for some time. — As a result, CBS's stations, and cable networks owned by CBS …

Discussion: Forbes, FishbowlNY, Wall Street Journal, TIME, @brianstelter, The Week, TVSpy and TVNewser

David Carr / New York Times:

Self-Serving War of Words by 2 Giants in Television — As consumers in the modern age, we've become accustomed to the brinkmanship between cable distributors and programmers. Most of the time, there is much rattling of sabers and then some accommodation is reached.

Discussion: TVNewser and @cressman

David Carr / New York Times:

Parodying Cable News With a Talk About Race — On Tuesday night on MSNBC's “All In,” Chris Hayes had a very direct conversation about race with the Gawker writer Cord Jefferson. Prompted by a news report of a group of young people in Huntington Beach, Calif., who looted and vandalized property …

Discussion: @katrinanation, @mattdpearce, @the_fjp and @alexisgoldstein

Sheryl Gay Stolberg / New York Times:

Katharine Weymouth Takes Charge at the Washington Post — WASHINGTON — On the eve of the 2012 White House Correspondents' Dinner, this city's annual media-politico-Hollywood love fest, Katharine Weymouth convened the sort of Washington power dinner for which her grandmother, Katharine Graham …

Discussion: New Republic, @froomkin, @froomkin, @alecmacgillis, @danrschwarz and @rachelwwilner

Dylan Byers / Politico:

Al Jazeera America sets own course — Weeks ahead of its debut, Al Jazeera America is doing things the old-fashioned way. — AJAM, as it's referred to by staff, is investing heavily in investigative journalism. It is opening bureaus in cities across the country.

Discussion: @jayrosen_nyu and @mattgertz

Shira Ovide / Wall Street Journal:

For Twitter, Free Speech Is a High-Wire Act — As Micro-Blogging Site Expands Globally, It Gets Flak From Many Sides — Twitter Inc.'s growing ambitions are making it harder to carry the Internet's free-speech banner. — Chief Executive Dick Costolo promotes Twitter as a protector …

Discussion: Sky News, @digiphile, Guardian, eMedia Vitals, BelfastTelegraph.co.uk and BBC

Bob Cohn / Folio:

Good Comment, Bad Comment: Fixing a Broken System — Either commit to aggressive moderation or reconsider commenting's utility. — One of the great promises of digital journalism is that it breaks down barriers between publications and readers. — Consider print: You publish a story …