Mediagazer: Newsweek Returns with a Thud [Updated] (Chris O'Shea/FishbowlNY)

12:40 PM ET, March 7, 2014

Top News:

The Satoshi Paradox — Newsweek wanted a scoop for its relaunch cover story, and boy did it deliver: it uncovered the identity of Satoshi Nakamoto, the inventor of bitcoin. Who then promptly came out and denied everything. Which means that one of the two is wrong: either Nakamoto …

Rob Wile / Business Insider:

A Forensics Analyst Who Worked On The Newsweek Story Explains How They Converged On Dorian Nakamoto — It now appears a toss-up as to whether Dorian Prentice Satoshi Nakamoto is the same Satoshi Nakamoto who created Bitcoin. — Newsweek reporter Leah McGrath Goodman continues to stand …

Discussion: @cdixon, @dangillmor, @thestalwart and @felixsalmon

J.K. Trotter / Gawker:

Newsweek Editor-in-Chief: We Stand by Our Bitcoin Story — Newsweek isn't backing down. Hours after publishing Leah McGrath Goodman's 4,5oo-word profile of a 65-year-old Temple City engineer named Dorian S. Nakamoto—who, Goodman claims, is the long-mysterious inventor of Bitcoin …

Discussion: AdAge, Poynter, Daily Dot, @jayrosen_nyu, Business Insider, @awalkerinla, @klustout, BGR, New York Times, CNNMoney.com, Wall Street Journal, USA Today, @declanm, @m_delamerced and Businessweek

Kristen Hare / Poynter:

Tina Brown: 'I'm so glad I'm not the editor' of Newsweek — Tina Brown appeared on Bloomberg Television's “Market Makers” Friday, and the former Newsweek editor said she's supportive of the venerable title's return to print. — But if its big Bitcoin story turns out to be a dud, “That would be rough.

Newsweek:

Newsweek's Statement on the Bitcoin Story — Leah McGrath Goodman's recent cover story for Newsweek, investigating the identity of Bitcoin founder Satoshi Nakamoto, has generated an immense amount of international attention, including denials from Mr. Nakamoto and ad hominem criticism of Ms. Goodman's reporting and character.

Discussion: @biellacoleman and @adamclarkestes

Ryan Nakashima / Associated Press:

Dorian S. Nakamoto denies he's Bitcoin founder, heard of Bitcoin 3 weeks ago — AP EXCLUSIVE: MAN DENIES HE'S BITCOIN FOUNDER … LOS ANGELES (AP) — The man Newsweek claims is the founder of Bitcoin denies he had anything to do with the digital currency.

Discussion: Los Angeles Times, Re/code, Gawker, Gigaom, SocialTimes, Business Insider, @mathewi, @jbenton, @willoremus, @blocktechceo, Softpedia News, TechCrunch, Mashable, CNET, Ars Technica, Forbes, The Switch, SlashGear, CBS Los Angeles, Wired and The Verge

Chris O'Shea / FishbowlNY:

Newsweek Returns with a Thud [Updated] — IBT Media's Zombie Newsweek debuted only yesterday, and already there's a problem. A big one. Newsweek's cover story claimed that Dorian Satoshi Nakamoto, a 65 year old engineer, created Bitcoin. The media freaked out, with some proclaiming the piece “brilliant journalism.”

Discussion: USA Today and Guardian

Bloomberg:
Pursued by media, Nakamoto says “I'm not involved” with Bitcoin, then meets with AP reporter

Discussion: @jakeadelstein

Lucia Moses / Adweek:

Eric Danetz Named Publisher of Fortune — Fortune is getting a publisher after all: Eric Danetz. The business title hasn't had someone in that role since 2012. When Jed Hartman became group publisher of Time Inc.'s news and business brands that year, the publisher title was downgraded to vp of sales.

Discussion: Politico and AdAge

Ingrid Lunden / TechCrunch:

Spotify Acquired Music Tech Company The Echo Nest In A $100M Deal — On the heels of the news yesterday that Spotify had acquired music discovery technology company Echo Nest, we now have a price for the deal: it was $100 million, with 90% of that in Spotify equity.

Discussion: BetaBoston, Ubergizmo, hypebot and TechCrunch

Bloomberg:
Spotify Said to Seek Credit Facility in Step Toward IPO

Discussion: TechCrunch, Fast Company, BetaBoston and Gigaom

Gautham Nagesh / Wall Street Journal:

FCC to Vote March 31 on Media Ownership Rules — Change Could Have Major Implications on Largest Broadcast Companies — The Federal Communications Commission will vote later this month on a proposal to ban two or more separately owned broadcast TV stations from teaming up to negotiate retransmission fees …

Discussion: US News

Jim Puzzanghera / Los Angeles Times:
FCC to consider tougher rules for local TV stations

Discussion: Variety, @jbflint, NAB and Bloomberg

Paul Quigley / The Whip:

Here's what happens when the readers choose the front page story — What if front pages were selected by newspapers' readers instead of their editors? At NewsWhip, we're always interested in the news stories people are choosing to share - and how those stories differ from the normal news stories editors put …

Discussion: @aschweig, @pierrefitter, @margokingston1, @sachinkalbag, The Huffington Post and The Newspaper Guild

David Amrani / Digiday:

Q&A with Foreign Affairs publisher Lynda Hammes about the challenges in digital — How Foreign Affairs learned to love digital — So much of the industry's attention on journalism is on the up-and-comers, the “millennial” news outlets delivering updates in bite-size, candy-coated pieces.

Peter Kafka / Re/code:

Nielsen: Americans watch 34 hours of TV a week, more with timeshifting, web, mobile — Reminder: You (Still) Love Your TV — This week's Disney/Dish deal, which might lead to a Web TV service in our lifetime, is very exciting. But while we wait for the future to arrive …

Rick Edmonds / Poynter:

USA Today's two-year strategic overhaul gains traction — USA Today has probably changed more in the last two years than in its previous 30. — Always a circulation-driven enterprise, the paper now has a radically different audience strategy, substituting mobile app traffic …

Discussion: @larrymccormack1

Bonnie Burton / CNET:

Newspeg puts journalistic spin on Pinterest-style bookmarking — Pinterest can be a great way to bookmark and organize all your favorite celebrity photos, recipes, DIY inspirations, home-decorating tips, and videos of famous Internet cats. But for those who want to save and organize more serious articles, Newspeg may be for you.

Discussion: Business 2 Community