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

8:30 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, Reuters, USA Today, The Huffington Post, Forbes, The Wrap, Quartz, Associated Press, Wall Street Journal, Business Insider, Bloomberg, Wall Street Journal, @peterlauria3 and @joepompeo

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

Samuel Rubenfeld / Risk & Compliance:

News Corp Spends $40 Million on UK Newspaper Scandal — The new News Corp, in its first quarterly earnings statement, said it spent $40 million on costs tied to an ongoing investigation into a series of scandals arising out of misconduct at a now-defunct tabloid the company formerly owned.

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

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

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

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

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

Alex Pham / Billboard:

NMPA Targets Unlicensed Lyric Sites, Rap Genius Among 50 Sent Take-Down Notices — The National Music Publishers Association on Monday fired an opening salvo at lyric sites that it believes have not obtained licenses to publish those lyrics, including Rap Genius, a high-flying New York startup …

Discussion: New York Times, CNET, Variety, The Wrap and Pitchfork

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, Search Engine Land, The Verge, 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 …

Todd Spangler / Variety:

Netflix Video Usage More Than 10 Times Amazon and Hulu Combined — YouTube share of downstream traffic during peak hours rose to 18.6% in September, according to study — Netflix remains the biggest pig in the broadband python, representing 31.6% of all downstream Internet traffic …

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

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.