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

7:50 PM ET, November 11, 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: AdAge, USA Today, Reuters, The Huffington Post, Forbes, The Wrap, Quartz, Associated Press, Business Insider, @peterlauria3, @joepompeo, Wall Street Journal and Bloomberg

Joe Pompeo / Capital New York:

In first ‘new’ News Corp. earnings call, lower numbers and a shift to mobile — News Corp. executives are touting mobile as a major growth area for the company, which in its current configuration has now been publicly traded for approximately four months following a corporate split …

Discussion: @joepompeo

mUmBRELLA:

News Corp's Australian newspapers sees 22 per cent revenue drop — Revenues for News Corp's Australian newspapers have continued to freefall, numbers for the company's first US financial quarter have revealed. — According to a filing to the US Securities and Exchange Commission …

Felix Salmon:

Content economics, part 4: scale — The big blog news of the day is that Vox Media has acquired Curbed Network. Why is the news so big? Because, until now, if a major blog property was sold, it was always sold to some media giant — more often than not, AOL — which wanted …

Jessi Hempel / Fortune:
Vox Media acquires Curbed Network for $20-30M

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

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, Variety, @karaswisher, @pkafka, @rosslevinsohn and Tubefilter

Brooks Barnes / New York Times:

A Co-President of Disney Interactive Quits — 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: 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

Michael Calderone / The Huffington Post:

‘60 Minutes’ Benghazi Apology Leaves Key Questions Unanswered — NEW YORK — “60 Minutes” correspondent Lara Logan apologized Sunday night for her discredited Oct. 27 report featuring an “eyewitness” account of the Benghazi terrorist attack that proved to be false. — But “60 Minutes” doesn't need to apologize anymore.

Discussion: Guardian, Gawker, Columbia Journalism Review, Mediaite, Media Matters, Politico, Capital New York, Mother Jones, thenation.com/blogs/180, Pressing Issues, @azmatzahra, The Wrap and The Raw Story

New York Times:
‘60 Minutes’ Airs Apology on Benghazi

Dominic Ponsford / Press Gazette:

Home Sec suggests BBC must be curbed to protect local newspapers — Home Secretary Theresa May suggested today that the BBC may need to curb its activities at a local level to protect local newspapers. — She said: “If the BBC can provide all the locally-significant news, what reason is left for local people to buy a newspaper?

Discussion: Guardian, @pressgazette, @fleetstreetfox and @nickcohen4

Emil Protalinski / The Next Web:

Microsoft revamps Bing Music Video Search with inline results from YouTube, Vimeo, MTV, Artist Direct, and more — Microsoft today launched a completely revamped version of Bing's search section for music videos. The company says it has been built from the ground up to simplify exploring …

Discussion: Bing Search Blog, The Verge, Search Engine Land, GeekWire and WebProNews

Christine Haughney / New York Times:

Preserving Venerable Forbes Brand, With an Aggressive Digital Drive — On a recent fall afternoon, Steve Forbes held court as master of ceremonies at a Forbes-hosted health care summit, entertaining an auditorium of chief executives and physicians, and trading firm handshakes at a cocktail reception that followed.

Discussion: MediaPost and @steveforbesceo, Thanks:@steverubel

Peter Kafka / AllThingsD:

Pay Wall Operator Tinypass Grows, Raises $3 Million — Tinypass, a startup that's trying to help online publishers make money by selling their stuff on the Web, has new money of its own. — The New York-based company has raised a $3 million round led by Cascabel Management …