Mediagazer: Flickr's new commercial licensing program connects photographers with clients like Reuters (Sarah Perez/TechCrunch)

11:40 AM ET, July 29, 2014

Top News:

Ravi Somaiya / New York Times:

Despite Circulation Gains, Profit Falls 21% at New York Times Co. — Increased investments in digital products and a decline in print advertising weighed on The New York Times Company's second-quarter earnings, as profit slipped 21 percent. — The company on Tuesday reported $55.7 million …

Discussion: The Huffington Post, New York Times Company, Bloomberg, The Wrap, FishbowlNY, Reuters, Talking New Media, WKRB News, @bgrueskin, @breakingmoney, @romenesko and Forbes

Sam Kirkland / Poynter:

New York Times adds 32,000 digital-only subscribers as profit falls — The New York Times added 32,000 digital subscribers in the second quarter of 2014, the company reported today. The number was driven by its new products — the NYT Now and NYT Opinion apps and the new Times Premier subscription tier.

Discussion: Capital New York, NetNewsCheck Latest, AdAge and AdExchanger

Dylan Byers / Politico:

BuzzFeed, online curation, and plagiarism: juggling temptation and a maturing content model — The net roots of BuzzFeed plagiarism — Benny Johnson, the 28-year-old BuzzFeed editor who was fired last week for serial plagiarism, never went to journalism school. He didn't get his start working a beat at a local newspaper.

Discussion: @sarahw, @webbspective, @mattdpearce, @mkonnikova and @seanhackbarth

Ricardo Bilton / Digiday:

Why ad buyers shrug at BuzzFeed's plagiarism scandal — Although BuzzFeed's recent plagiarism scandal is giving some journalists a healthy case of schadenfreude, it's still unlikely to do much near-term harm to the publisher's relationship with ad buyers. — BuzzFeed said on Friday …

Discussion: Business Insider, Washington Post, The Daily Banter and The New York Observer

Rick Edmonds / Poynter:

Newspaper industry lost another 1,300 full-time editorial professionals in 2013 — The American Society of News Editors annual newsroom census, released today, found a net loss of another 1,300 full-time professionals last year. — That was better than the 2,600 net job loss in 2012 …

Discussion: @rickedmonds, @poynter and The Huffington Post

Michael Sebastian / AdAge:

BMW Runs the First Ads on Medium, Twitter Founders' Blogging Platform — Automaker Sponsors Medium's New Design Publication — Short Form Video — When blogging platform Medium begins publishing Re:form on Tuesday, its latest “collection,” readers may notice something entirely new to the site: advertising.

Discussion: @sam_a_klein and The Next Web, Thanks:@msebastian

Tim Fernholz / Quartz:

One reason Time Warner execs are happy to sell: $80-million golden parachutes — The biggest corporate offshoots of Time Magazine's long march through history have at least two things in common: Time Warner and Time Warner Cable are at the center of the most anticipated mergers of the year …

Discussion: Wall Street Journal, @timfernholz and @moorehn

Darrell Etherington / TechCrunch:

Apple TV Gets CNBC And FOX NOW Channels — Apple continues to fill out its Apple TV content library, with two new additions to the device today including a CNBC channel with live broadcasts and FOX NOW, the on-demand app for the network that includes episodes of Glee, Family Guy and more.

Discussion: Variety, AppleInsider, Macgasm, MacRumors and 9to5Mac

Press Association:

British Olympic Association chairman Sebastian Coe pulls out of race for BBC Trust chairman job — Sebastian Coe: 'I haven't the capacity' to be next BBC Trust chairman — Sebastian Coe (pictured, Reuters) has signalled he has pulled out of the race to become the next chairman of the BBC Trust.

Discussion: Guardian, Hollywood Reporter, Daily Express, Variety, @mbisson_atr, TBI Vision, Digital TV Europe and broadcastnow.co.uk

Sarah Perez / TechCrunch:

Flickr's new commercial licensing program connects photographers with clients like Reuters — Flickr Rolls Out A New Commercial Licensing Program To Compete With 500px And Others — Yahoo-owned photo-sharing and storage site Flickr announced this morning the rollout of a new licensing program aimed …

Discussion: Softpedia News, The Next Web and Flickr Blog

Andy Orin / Lifehacker:

I'm Ira Glass, Host of This American Life, and This Is How I Work — Ira Glass is a writer, producer, storyteller, performer, and a familiar voice. His show This American Life has set the contemporary standard of nonfiction radio shows, and has influenced and inspired countless others to grab a mic and give podcasting a try.

Discussion: The New York Observer, kottke.org, @sarahcarr, @nobert and @chasejarvis

David Carr / New York Times:

At Front Lines, Bearing Witness in Real Time — My social media feed has taken a bloody turn in the last few weeks and I'm hardly alone. Along with the usual Twitter wisecracking and comments on incremental news, I have seen bodies scattered across fields and hospitals in Ukraine and Gaza.

Discussion: Prof Chris Daly's Blog, Gigaom, @andycowles1, @digiphile and @antderosa