Mediagazer: News Corp Reports 3% Drop in Revenue in First Quarter (Ted Johnson/Variety)

4:25 AM ET, November 12, 2013

Top News:

Ted Johnson / Variety:

News Corp Reports 3% Drop in Revenue in First Quarter — News Corp, the recently spun off publishing side of Rupert Murdoch's media empire, reported that its revenue fell in the first quarter of its fiscal 2014, due to lower advertising revenue and foreign exchange fluctuations.

Discussion: Reuters, Associated Press, Business Insider, @joepompeo, The Huffington Post, Quartz, Wall Street Journal, AdAge, @peterlauria3, Guardian, USA Today, Forbes, The Wrap, Bloomberg and Wall Street Journal

Joe Pompeo / Capital New York:
In first ‘new’ News Corp. earnings call, lower numbers and a shift to mobile

Discussion: @joepompeo

Darren Davidson / The Australian: News Corp boosts Q1 income to $38m despite revenue dip

Samuel Rubenfeld / Risk & Compliance:
News Corp Spends $40 Million on UK Newspaper Scandal

Discussion: @joanneleon

mUmBRELLA:
News Corp's Australian newspapers sees 22 per cent revenue drop

Discussion: MarketWatch

Joe Pompeo / Capital New York:

Michael Bloomberg's post-mayoral day-job will be at Bloomberg View — Michael Bloomberg is getting back into the media business. — The outgoing three-term mayor of New York is planning to return to his namesake Bloomberg L.P. in a role that will see him primarily involved in its online opinion offering …

Nina Mandell / USA Today:

IOC spokesman: Journalists free to Instagram at Sochi Olympics — Journalists will be allowed to use Instagram, Twitter and other social media to post still photos and news from the Sochi Olympics, International Olympic Committee spokesman Mark Adams confirmed to For The Win in an email on Monday.

Discussion: BuzzFeed, Poynter, The Verge, @lucykafanov, @antderosa, @bydanielvictor, Tubefilter, CNET, The Huffington Post, TechCrunch and Digital Spy

Matthew Lynch / Capital New York:

Hugo Lindgren is out as editor of ‘The New York Times Magazine’ — Hugo Lindgren is leaving his position as editor of The New York Times Magazine at the end of the year, Capital has learned. — There's no word yet on plans for a successor. — Rumors of a change at the paper's glossy Sunday supplement leaked out this afternoon.

Discussion: @evanasmith, @morningmoneyben, @romenesko and Hollywood Reporter

Ben Sisario / New York Times:

Google Glass Will Expand Its Features Into Music — To sell Glass, its augmented-reality form of eyewear, Google has already tried to make it a fashion accessory and a must-have video device for any parent or sky diver. Now it is also presenting this $1,500 piece of wearable technology as a way to interact with music.

Discussion: The Verge, The Next Web and Rolling Stone

Joe Flint / Los Angeles Times:

CNN wooing New York Times media reporter Brian Stelter — CNN is in advanced negotiations with New York Times media reporter Brian Stelter, people close to the situation said. Stelter, who has covered the television news and entertainment industry for the New York Times since 2007 …

Discussion: jmanmediazone.blogspot.com.au, @matthewkeyslive and @jbflint

Michael Wolff / USA Today:

Happiness comes to Rupert Murdoch — Despite the hacking scandal, life is good for the 82-year-old media tycoon. — CONNECT — The trial of some of Rupert Murdoch's close associates for telephone hacking, bribery, obstruction of justice and conspiracy is now underway in London …

Discussion: Gawker, FishbowlNY, Business Insider and The Huffington Post

Mariella Moon / Engadget:

Retina iPad mini is now available, prices start at $399 — Sure the iPad Air is thin, light and has amazing battery life, but the arrival of its smaller cousin is about to make your choice more difficult. Apple's upgraded 8-inch slate, the Retina iPad mini, is now available, popping up in Apple's online stores around the globe.

Discussion: Forbes, TechCrunch, MacRumors, @sebastienpage, TechGuySmartBuy, The Next Web, 9to5Mac and MacRumors

Bloomberg:

Malone's Liberty Global Said in Talks to Buy Intel's TV Service — John Malone's Liberty Global (LBTYA) Plc, the European cable operator, is in talks to acquire Intel Corp. (INTC)'s online pay-TV service under development, said three people with knowledge of the situation.

Discussion: CNET, @pkafka and @jessicalessin

Andy Lewis / Hollywood Reporter:

Video Accounts For 53 Percent of Internet traffic — Netflix represents one-third of all downstream traffic, followed by YouTube with 18 percent. — A new report from Canadian internet monitoring firm Sandvine says video streaming accounts for more than 53 percent of all downstream traffic in North America.

Discussion: VentureBeat, AllThingsD, Quartz, Variety, The Atlantic Wire, AppleInsider, WebProNews, Gigaom and CNET

Joe Pompeo / Capital New York:

‘CJR’ preparing to name new editor-in-chief — Columbia Journalism Review, the media-industry bible whose top masthead slot has been vacant since the spring, is expected to announce a new editor-in-chief soon. — Sources familiar with the process told Capital that the search had recently focused …

Discussion: @romenesko and @jpodhoretz

Brooks Barnes / New York Times:

A Co-President Quits Disney's Video Game and Web Unit — LOS ANGELES — John Pleasants, the hard-charging co-president of Disney's video game and web division, announced his resignation on Monday, effective immediately, although he will continue as a consultant for a while.

Discussion: AllThingsD and Polygon

Dylan Byers / Politico:

Nathan Richardson out at AOL — Nathan Richardson, the Internet executive who co-founded Sen. Cory Booker's troubled tech start-up Waywire, is stepping down as president of AOL Live just two-and-a-half months after getting the job, POLITICO has learned. — Richardson joined AOL in late August …

Discussion: TechCrunch and Variety

Christopher Heine / Adweek:

Spotify Tunes Up First U.S. TV Deal With Bravo Play lists to support cable premieres this month — Bravo's quartet of November premieres will include a cross-promotion deal with Spotify, which lands its first TV-focused partnership in the United States with this initiative.

Discussion: The Wrap, Mashable and Broadcasting & Cable

Monica Anderson / Pew Research Center:

At newspapers, photographers feel the brunt of job cuts — Monica Anderson is a Researcher at the Pew Research Center's Journalism Project.

Discussion: Poynter, @dzalcman and The Huffington Post

Hamish McKenzie / PandoDaily:

Slow Media leader Aeon launches new site for short films — Two months ago, Aeon Magazine had its first birthday and I pointed to it and said it was my favorite magazine on the Internet. It is one of the best examples of “slow media” on the Web. By publishing just one longform story …

Peter Kafka / AllThingsD:

Yahoo Video Head Erin McPherson Heads for Maker Studios, the Giant YouTube Network — Erin McPherson, the Yahoo executive who has been in charge of the portal's video efforts, is leaving the company. She's going to Maker Studios, the giant YouTube network that's trying to build a business outside of the world's biggest video site.

Discussion: The Wrap, @pkafka, @karaswisher, Tubefilter, Variety and @rosslevinsohn