Mediagazer: News Corp announces the sale of Dow Jones Local media Group, w 33 publications, to an affiliate of Fortress Investment Group $NWS (Julia Boorstin/@jboorstin)

5:05 PM ET, September 3, 2013

Top News:

Jeffrey Bezos, Washington Post's next owner, aims for a new ‘golden era’ at the newspaper — Jeffrey P. Bezos, the next owner of The Washington Post, says he doesn't have all the answers for what's ailing the newspaper industry or for the financially challenged news organization he is preparing to buy.

Joshua Benton / Nieman Journalism Lab:

When print constrains digital: layout, workflow, structure — You may have seen Paul Farhi's interview with Jeff Bezos in today's Washington Post, the newspaper he's buying for $250 million. If you saw it in print, you found it on Page A1, on the left below the fold.

Discussion: JIMROMENESKO.COM

Meg James / Los Angeles Times:

Cord-cutting reality: Pay-TV industry loses 217,000 subscribers — Traditional cable companies — including Time Warner Cable — are losing more subscribers to satellite and telecommunications competitors that also offer video service. (Andrew Harrer / Bloomberg)

Reuters:
CBS win squeezes Time Warner Cable's margins - analysts

Discussion: CBS News, Los Angeles Times and Poynter

Ryan Lawler / TechCrunch:
With Time Warner Cable Deal, CBS Seeks To Ensure Its Digital Future

Discussion: New York Times, Radio & Television …, Bloomberg, B&C, Variety, WebProNews, Guardian, Media & Entertainment, @samgustin, @sherman4949, @sherman4949, @sherman4949, Broadcasting & Cable, The Verge and ReadWrite

Los Angeles Times:
Time Warner Cable and CBS reach distribution deal

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Chris Welch / The Verge:

Amazon accidentally reveals new Kindle Paperwhite and September 30th release date — Ahead of any official announcement, Amazon briefly listed an updated, second-generation Kindle Paperwhite on its website this morning. As spotted by users at this Croatian forum, the product listing suggests …

Discussion: AllThingsD, Amazon.com, Engadget, TechCrunch, Digital Spy, @jbenton, @tcarmody, Huffington Post UK, Gizmodo, Softpedia News and GeekWire

Don Reisinger / CNET:

Amazon offically announces all-new Kindle Paperwhite — The device leaked earlier today on a forum, and now, Amazon has confirmed its existence. — Amazon has officially announced its second-generation Paperwhite after the company mistakenly released details earlier today.

Discussion: GalleyCat, GigaOM and The Next Web

Susan Hogan / Poynter:

College papers cutting back on print editions — At least three college newspapers announced this month that they're going to cut their print schedules — the University of Illinois' Daily Illini, the University of Missouri's The Maneater and San Diego State University's The Aztec.

Discussion: @matwilcox, @niemanlab and @politicaleditor

Nick Wingfield / NYT Bits:

Amazon Pairs Print and Digital Books With New Program — For most readers, print and electronic books are an either-or proposition. There just isn't a compelling reason to buy both editions of one book, at least not at full price. — Amazon is about to test how much appetite …

Discussion: Amazon.com, Forbes, paidContent, Businessweek, Forbes, TechCrunch, CNET, @willsmith, @erikbryn, @adamnash, @sfiegerman, @piercedavid, The Bookseller, ZDNet, PublishersWeekly.com, GeekWire, TechCrunch, Business Insider, @tim_stevens and AllThingsD

Julia Boorstin / @jboorstin:

News Corp announces the sale of Dow Jones Local media Group, w 33 publications, to an affiliate of Fortress Investment Group $NWS

Discussion: JIMROMENESKO.COM, Poynter, Business Wire and @jennifersaba

Patrick Smith / TheMediaBriefing:

Future hit by revenue slowdown and cost challenges as 55 jobs go — You know when people said the transition to a multichannel, digital-led publishing environment wouldn't be easy, they weren't joking. Underlining this point is Future, which has today informed 55 staff that their roles …

Christopher Heine / Adweek:

Yahoo Hires Former AOL Exec to Run Ad Business — Yahoo has officially tapped Ned Brody—who held a number of executive titles for AOL during the last decade—to run its ad sales for North America and South America. The announcement ends months of speculation that Yahoo CEO Marissa Mayer …

Discussion: AllThingsD, Yahoo!, FishbowlNY, AdExchanger, Wall Street Journal and WebProNews

Ryan Lawler / TechCrunch:

VEVO Hires Nielsen Digital Exec Jonathan Carson As Chief Revenue Officer — Ever since launch, music video distributor VEVO has been working to increase monetization of its digital properties, highlighting the pure volume of videos and high engagement that viewers have on its site …

Discussion: AdAge, Financial Times and The Next Web

Michael Wolff / Guardian:

The New York Times' identity crisis — A painful rift is developing between editors and executives over a new vision of the newspaper as a distributor of digital ‘product’ — The media business used to be organized around forms and genres. Books, newspapers, films. Fiction, non-fiction, news, drama.

Discussion: @johngapper, @markcalvert1 and @michaelwolffnyc