Mediagazer: Bloomberg News to Shuffle Management (Wall Street Journal)

10:45 AM ET, September 27, 2013

Top News:

Tribune boss orders $100 million in cuts — It's not clear how they're supposed to do it, but Tribune Co. executives have been ordered to come up with $100 million in budget cuts, sources said, as the company prepares to spin off the publishing side of the business.

Discussion: Los Angeles Times, bizjournals and @logandobson

Meg James / Los Angeles Times:

Tribune prepares for cost-cutting, says no targets for expense reduction have been issued — Tribune newspapers, including L.A. Times, prepare for cost-cutting — Tribune newspapers, including the Los Angeles Times, may be due for another round of cost-cuting. Above, at the Tribune Tower in Chicago.

Discussion: Radio & Television …, Robert Feder and @megjameslat

Jeff Jarvis / BuzzMachine:

Attention v. relationship economy — Oddly, Google chief economist Hal Varian analyzes newspapers' problems and prescribes solutions strictly from an old-media perspective — based on attention to marketing messages — rather than an internet (namely, Google) perspective of relevance and relationships.

Discussion: Inside, JIMROMENESKO.COM, @jayrosen_nyu, @digiphile and @mathewi

Mathew Ingram / paidContent:

Google's chief economist understands media better than some industry executives do — Hal Varian, Google's chief economist, talked about the challenges facing the newspaper business in a recent presentation in Italy, and showed that he understands those challenges better than most media executives.

Discussion: International Journalism …

Lisa O'Carroll / Guardian:

Seymour Hersh on Obama, NSA and the ‘pathetic’ American media — Pulitzer Prize winner explains how to fix journalism, saying press should 'fire 90% of editors and promote ones you can't control' — Seymour Hersh has got some extreme ideas on how to fix journalism - close down the news bureaus …

Discussion: Politico, The Huffington Post, @jackshafer, @miamijournalism, @froomkin, @ryanchittum and New York Magazine

Hadas Gold / Politico:

Conflicts of Interest: CNN adjusts ethics policy around Crossfire — Yesterday we reported that Crossfire host Newt Gingrich may have broken ethical rules for conflicts of interest set forth by CNN's EVP of standards and practices Rick Davis. — Today, those rules appear to have changed.

Discussion: The Huffington Post, Mediaite, Vanity Fair and TheBlaze.com

Sara Morrison / The Wrap:

BuzzFeed Dominates on Facebook, BBC Tops Twitter, Study Says — BuzzFeed, “the media company for the social age,” has mastered at least one social network. — A NewsWhip study released on Thursday showed that the social sharing-focused site had far and away the most engagement on Facebook …

Discussion: @tomgara

Wall Street Journal:

Bloomberg News to Shuffle Management — Hays to Get Expanded Role; Hertzberg to Retire — Bloomberg L.P.'s news division announced significant management changes that will result in a smaller number of editors reporting directly to Editor in Chief Matt Winkler.

Discussion: FishbowlNY, Reuters, Reuters, San Francisco Chronicle, Talking Biz News and Digits

William Launder / Wall Street Journal:

New York Times Forecasts Further Drop in Ad Revenue — Overall Revenue to Rise, Though, Thanks to Stronger Circulation — New York Times Co. expects to report around a 3% decline in print and digital advertising revenue for the third quarter, Chief Executive Mark Thompson said Thursday …

Discussion: MoneyBeat

Chris Rauber / San Francisco Business Times:

Former Bay Guardian editor Tim Redmond launching left-wing nonprofit news site — Tim Redmond, the longtime editor and “voice” of the San Francisco Bay Guardian, says he's launching a nonprofit news site with a distinctly left-wing perspective. — Redmond's plans for the new San Francisco …

Discussion: sfbg.com

Meghan Neal / Motherboard:

Google Is Still the Copyright Lobby's Favorite Anti-Piracy Punching Bag — When you see millions of dollars slipping out of your grasp, it can make you want to punch someone. Anyone. Even if it's not actually the person responsible for your dwindling cash.

Discussion: Hollywood Reporter, The Register, TechNewsWorld, Music Week, TorrentFreak, Guardian and Boing Boing

Peter Kafka / AllThingsD:

Intel Looking for Help from Amazon or Samsung to Keep Its Web TV Project Alive — Intel executives, who have promised to launch a Web-based pay TV service by the end of 2013, are now looking for a strategic backer to help them fund and distribute the service. If they don't find one soon, it's possible the project will be scrapped.

Discussion: GigaOM, Business Insider, Softpedia News, @pkafka, @counternotions, Engadget, @stevecheney, multichannel.com/rss, Digits, CNET, The Verge and @tcarmody

Lance Murray / Dallas Business Journal:

Gannett to sell $1B in bonds to fund $2.2B Belo acquisition — Gannett Co. will sell $1 billion in bonds to help pay for its planned acquisition of Belo Corp., the Dallas-based owner of television stations. — The Washington Business Journal reported that McLean, Va.-based Gannett (NYSE …

Discussion: bizjournals