Mediagazer: Forbes Media Agrees To Sell Majority Stake To A Group Of International Investors To Accelerate The Company's Global Growth (Forbes)

5:15 PM ET, July 18, 2014

Top News:

Forbes Media Agrees To Sell Majority Stake To A Group Of International Investors To Accelerate The Company's Global Growth — Forbes Family Welcomes Significant Investment by Investor Group — Investors Are Committed to Forbes' Brand, Strategy, Values and Management …

Jeff Jarvis / BuzzMachine:

Forbes devalued its brand by adding misleading native advertising and bad contributors — No silver bullets — Lewis DVorkin performed a miracle with Forbes ... almost. He almost rescued a dying brand, almost helped get it sold to a new owner, and almost rescued the Forbes family …

Discussion: @pkafka, @albertocairo, @johngapper, @briankiefer, @johnmcquaid, @hiattb, @ksablan, @jayrosen_nyu and Talking Biz News

Seth Fiegerman / Mashable:
Forbes Sells Majority Stake to International Investors For $475 Million

Discussion: Bloomberg, Folio, WWD, @johngapper, Hollywood Reporter and @johngapper

Michael Calderone / The Huffington Post:

CNN Removes Reporter Diana Magnay From Israel-Gaza After ‘Scum’ Tweet — NEW YORK — CNN has removed correspondent Diana Magnay from covering the Israeli-Palestinian conflict after she tweeted that Israelis who were cheering the bombing of Gaza, and who had allegedly threatened her, were “scum.”

William Turvill / Press Gazette:

Russia Today London correspondent resigns in protest at ‘disrespect for facts’ over Malaysian plane crash — A Russia Today reporter based in London has resigned with immediate effect in protest at the station's coverage of yesterday's plane crash in Ukraine.

Discussion: The Independent, Guardian, Businessweek, Latest News & Headlines, The Wrap, Politico, Variety, @paulxharris, The Huffington Post, Talking Points Memo, Mediaite, @leonidragozin, @johnprescott and The Week

Erik Wemple / Washington Post:

RT blasts back at latest departure: ‘We have different definitions of truth’ — Another big story, another high-profile departure: Russia Today's (RT) Sara Firth has resigned over the network's coverage of the downing of Malaysia Airlines Flight MH17. RT is the Kremlin-funded international news agency …

Discussion: TVNewser, @dabeard, Gawker and Mashable

Jack Shafer / Reuters:

Streaming media services such as Netflix make a Fox-Time Warner deal as bad a bet as '90s newspaper buys — Dear Mr. Murdoch: Save yourself 80 billion bucks — The first time Rupert Murdoch tried to acquire Warner, Ronald Reagan was completing his first term as president …

Discussion: Bloomberg, Newsonomics, Bloomberg, @robenfarzad, Reuters, Wall Street Journal, @mccarthyryanj and @carr2n

New York Times:
Fox Challenges ESPN with Pursuit of Time Warner

Discussion: New York Post, Wall Street Journal, Deadspin and FierceCable

Amazon.com:

Introducing Kindle Unlimited: Unlimited Reading and Listening on Any Device—Just $9.99 a Month — Read freely from over 600,000 books—available on Kindle devices, as well as free Kindle reading apps for iOS, Android and more — Listen to thousands of audiobooks from Audible …

Jeremy Greenfield / Forbes:
When Amazon Acts Like A Start-up: Why Amazon Has Entered The Ebook Subscription Market

Discussion: Digital Book World, GalleyCat and Publishers Lunch

Paul Farhi / Washington Post:

With jet crash, news media again weigh where to draw the line on graphic photos — As news about the Malaysia Airlines jet crash began breaking Thursday, the Reuters news service tweeted what it described as the first photo from the scene in Ukraine. The image was ghastly …

Discussion: The Atlantic Online, New York Times, @antderosa, @sulliview, dailyrecord and Poynter

Alexa Olesen / Foreign Policy:

Crowdsourced translations site of worldwide news articles Cenci obliterated by Chinese censors — Another Chinese Website Bites the Dust — Crowdsourced translation site Cenci gets ‘erased from the planet.’

Discussion: @ael_o, @trnels, @bethanyallenebr, @wcshifflett, @keithrichburg and @meiguojen

Stuart Dredge / Guardian:

Microsoft plans to spin-off Nokia MixRadio as a standalone music streaming service, iOS and Android versions now a possibility — Nokia MixRadio spins out of Microsoft as standalone streaming music service — Personal radio app will still be preloaded on Windows Phones, but now has scope to launch on iOS and Android too

Discussion: Music Ally, RAIN News, Music Week, The Next Web, WinBeta, SlashGear, TIME and hypebot

Sports Journalists' Association:

Commonwealth Games journalists upset by £70 charge for remote access to preview information — Glasgow organisers charge media for preview material — Journalists hoping to provide readers with basic preview information on the eve of the Commonwealth Games in Glasgow are being forced to pay for it by the organisers.

Discussion: Guardian

Yoree Koh / Wall Street Journal:

Twitter expected to unveil new metrics that count people who see tweets in embeds and on TV — Under Pressure, Twitter Tries to Resize Itself — Company Is Expected to Unveil New Metrics That Will Show Breadth of Its Audience — After a troubling start as a public company …

Discussion: VentureBeat, @pkafka, Business Insider and American Press Institute

Caroline O'Donovan / Nieman Journalism Lab:

Germany is getting a data-centric nonprofit newsroom and hoping to build new models for news — While the United States' newspaper industry has faced more rapid disruption than any other country's, it's also benefited from the world's most vigorous nonprofit journalism sector.

Andy / TorrentFreak:

9% of French Internet Subscribers Accused of Piracy — France was one of the first countries in the world to consider implementing a “three strikes” style regime for dealing with online piracy. The system was implemented four years ago and ever since has been under scrutiny as both rightsholders and critics assess its efficacy.

Discussion: Telecompaper