Mediagazer: Day after trading debut, Tribune Co. spin-off stock drops 2.5% (Robert Channick/Chicago Tribune)

2:50 PM ET, August 5, 2014

Top News:

Bill Mickey / Folio:

In first earnings report since spin-off, Time Inc. reports $32M loss — Time Inc. Reports $32 Million Net Loss for Q2 — The American Express Publishing deal helped stem larger declines. — In its first quarterly report since spinning off from Time Warner, Time inc. posted a $32 million loss …

Discussion: AdAge, Wall Street Journal, Hollywood Reporter, Reuters, Reuters and Wall Street Journal

Nicole Levy / Capital New York:

Time Inc. downtown move to ‘transform the cost base,’ but layoffs also likely — As an independent company since its spin-off from parent company Time Warner on June 6, Time Inc. has been thinking hard about cost-cutting measures and digital advertising. — The publisher reported …

Discussion: AdAge

Alexa Davis / Forbes:

After Breakup, Gannett's Print and Broadcast Assets May Be Ripe For The Picking — Gannett Tuesday became the latest media company to separate its publishing assets, which include USA Today, from broadcast and digital businesses. The move is the latest in a string of similar actions …

Discussion: Capital New York, The New York Observer and MarketingVox News & Trends

Georg Szalai / Hollywood Reporter:
Gannett to Separate Broadcasting, Publishing Businesses Via Spin-Off

Discussion: USA Today, Gannett Company, Inc, New York Times, BuzzMachine, Gawker, JIMROMENESKO.COM, AdAge, Journalism.co.uk, CNNMoney.com, @edmundlee, @jbenton, Politico, Wall Street Journal and Bloomberg

Roy Greenslade / Guardian:

Russian journalist's body found after disappearance — The body of an independent Russian journalist was found in a wood the day after he had gone missing following threats from law enforcement authorities. — Timur Kuashev worked for the magazine Dosh (or Dosch) as its correspondent in Nalchik …

Discussion: @mathewi, @rorypecktrust and Human Rights Watch

Emil Protalinski / The Next Web:

Justin.tv shuts down after 7 years amid reports Google is acquiring Twitch — Twitch today announced that the Justin.tv website, mobile apps, and APIs are no longer in service. A very simple explanation is given for the shutdown: since rebranding the company to Twitch Interactive in February 2014 …

Discussion: Variety and @nash076

Frank Rose / Wired:

How the Smartphone Ushered In a Golden Age of Journalism — When I first — arrived in New York, some time back in the last century, I gazed in awe and fascination at subway riders reading The New York Times. Thanks to a precise and universally adopted method of folding the paper …

Discussion: @thefoodeconomy, @signored, @frankrose and @colvinius

Michael Calderone / The Huffington Post:

New York Times Reporter Addresses Israeli Censorship On Soldier Story — NEW YORK — Jodi Rudoren, the Jerusalem bureau chief for The New York Times, addressed the paper's decision Friday to withhold a biographical detail about an Israeli soldier at the Israeli military's request.

Discussion: New York Times and Mediaite

Todd Spangler / Variety:

Shazam Inks TV Ad Pacts with A+E, AMC, Dick Clark Productions and Others — Shazam Entertainment, whose app is best known for ID'ing songs, is making an even stronger push into American TV. — The company has struck deals with partners including A+E Networks, AMC, Dick Clark Prods. and Fuse …

Discussion: The Wrap, Broadcasting & Cable, Hollywood Reporter, Wall Street Journal and AdExchanger

Robert Channick / Chicago Tribune:

Day after trading debut, Tribune Co. spin-off stock drops 2.5% — Tribune Publishing falls in trading debut — Tribune Publishing fell in its trading debut on the New York Stock Exchange Tuesday, one day after spinning off on its own. — The stock lost 56 cents, or 2.5 percent …

Joe Pompeo / Capital New York:

Lauren Kern joins New York magazine as executive editor — Lauren Kern headed back to New York mag — Lauren Kern is leaving The New York Times Magazine and heading back to New York as executive editor. — She fills the vacancy created by the departure last month of longtime executive …

Discussion: MediaWire Daily, FishbowlNY, @tmcgev, Politico and Talking Biz News

Todd Spangler / Variety:

Danny Zappin, Ousted CEO of Maker Studios, Raises $25 Million to Launch Digital Studio — Danny Zappin, who was fired as CEO of Maker Studios and unsuccessfully tried to block a shareholder vote on Disney's acquisition of the mulitchannel network he co-founded, has raised $25 million …

Discussion: Hollywood Reporter, bizjournals, Wall Street Journal, Fast Company and Los Angeles Times

Jonathan Mahler / New York Times:

Time Warner Rebuff of Fox May Not Just Be Negotiating Ploy — Rupert Murdoch tends to finish what he starts. So from the moment the news broke last month that Time Warner Inc. had rejected an $80 billion bid by Mr. Murdoch's 21st Century Fox, the assumption on Wall Street and in the media world …