Top News:
Newsweek:
Washington Post Co. to Sell Newsweek — Chairman Donald E. Graham cites multi-year losses. ‘We are exploring all options to fix that problem,’ he said. — Newsweek Web Exclusive — The Washington Post Co. announced today that it has retained Allen & Company to explore the possible sale of NEWSWEEK magazine.
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John Koblin / New York Observer:
Meacham on Buying Newsweek: 'I'm Going to Take a Look at This' … Newsweek is up for sale, and Jon Meacham is going to explore the possibility of rounding up some bidders to buy the magazine himself. — “I believe this is an important American institution,” he said in an interview. “I just do.
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MediaPost, Romenesko, The Wire, Media Money …, New York Times, Gawker, Newsonomics, MinOnline, The Awl and Media Decoder
Chris Rovzar / New York Magazine:
Can Jon Meacham Save Newsweek Now? — The news from this morning's Washington Post Company board meeting that Newsweek is being put up for sale is a public acknowledgment of a fact that has become increasingly apparent to everyone: The magazine is broken. Under Jon Meacham …
Discussion:
Guardian
Jeff Bercovici / DailyFinance:
‘Newsweek’ Is For Sale, But Buyer Will Be Hard to Find
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The Wire
Juli Weiner / Vanity Fair:
Washington Post Co. to Sell Newsweek; “Mood's Not Bad Here, Surprisingly!”
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Mediaite, Economy Watch, Romenesko, Bloomberg, FOXBusiness.com, CBC News and This Just In
Peter Kafka / MediaMemo:
Time Inc. Publishes Good News: Ad Dollars, Subscription Revenue Up — Maybe the magazine business really did touch bottom last year. At least at Time Warner's giant Time Inc. unit: The publisher says ad revenue and subscription dollars actually increased in the first three months of 2010.
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Staci D. Kramer / paidContent:
Ad Recovery At Time Inc., Turner Helps Time Warner Beat Street — Time Warner (NYSE: TWX) handily beat revenue and earnings estimates for the first quarter of 2010, with a profit increase of nearly 10 percent boosted by the ad recovery, higher affiliate fees and a strong film slate.
Discussion:
MediaPost
Matthew Shaer / Christian Science Monitor:
Faisal Shahzad Facebook mixup highlights hazards of Web journalism — Earlier today, bloggers at the Huffington Post published a photo from Faisal Shahzad's Facebook page. One problem: They got the wrong Faisal Shahzad. — It was a testament to the hazards of reporting in the digital age.
Jim Romenesko / Romenesko:
Full-fledged CNN, CBS News merger would be difficult to consummate — There would be problems involving union contracts — CBS's news division is unionized, and CNN's is not — and contracts for on-the-air employees would also probably have to be renegotiated, reports Bill Carter.
Discussion:
Multichannel, Crain's New York Business, Broadcasting & Cable, rbr.com, paidContent and Media Network
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Gabriel Sherman / New York Magazine:
CBS News and CNN Are Back in Partnership Negotiations
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DailyFinance, TVNewser, Media Decoder, Company Town, TVWeek.com, New York Times, B&C, Mediaite, MediaPost, New York Observer, Chickaboomer, The Wire and Tuned In
Joel Johnson / Gizmodo:
48 Hours, 1,000s of Contributors, 1 Magazine — Can you make a magazine in a weekend? Of course you can. But can you make it good? That's the question 48 Hour Magazine is trying to answer, using online media tools to make an old-school rag in two days.
Daniel Lyons / Newsweek Blogs:
Apple vs. the Web: The Case for Staying Out of Steve Jobs's Walled Garden — Long before Apple even announced its new iPad, media companies were going nuts about the device, for two reasons. First, they believed they would be able to create apps that would be gorgeous and stunning …
Paul Boutin / VentureBeat:
Newsy raises $2M for honest-to-God mobile video journalism — Newsy, a startup formed in 2008 and based in Columbia, Missouri, announced this morning that the company has raised $2 million from undisclosed angel investors. The money, president Jim Spencer wrote in a prepared statement …
Felix Gillette / New York Observer:
High Tide at ‘The Atlantic’ — In the winter of 2009, David Bradley, the owner of the Atlantic Media Company, and Justin Smith, one of his top executives, met for a late-night dinner at Kinkead's restaurant on Pennsylvania Avenue to plot the opening gambits in a Beltway media war.
Peter Krasilovsky / BIA/Kelsey Local Media Watch:
NY-Area's ‘Main Street Connect’ Takes Aim at Hyperlocal (Too) — When it comes to hyperlocal, the problem may just be that the local reporting doesn't reasonate with the community as much as the old community papers did. That's the feeling behind Main Street Connect, a new company launched …
Steve Busfield / Guardian:
Simon Waldman to join LoveFilm — Guardian Media Group digital strategy chief to become group product director for DVD rental subscription service — The Guardian Media Group group director of digital strategy and development, Simon Waldman, is to join LoveFilm.
Geoffrey A. Fowler / Digits:
News Websites Discuss Life Without Google — The Web 2.0 Expo kicked off in San Francisco on Tuesday with a discussion that would be unthinkable without social media: How Web publishers can be successful without Google. — The panel, moderated by the Journal's Jessica Vascellaro …
Laura McGann / Nieman Journalism Lab:
Media Consortium offers members cash for collaboration — The Media Consortium, a network of about 45 progressive-leaning independent media organizations wants to get its members to do some real-world testing of the future-of-news ideas we all talk about. The best way to get their members on board: Pony up some cash.
Discussion:
Editors Weblog
Jonathan Stray / Nieman Journalism Lab:
Drawing out the audience: Inside BBC's User-Generated Content Hub — The BBC's User-Generated Content Hub is responsible for connecting with the huge organization's audience for news-gathering purposes, and they're good enough at it to have won a Royal Television Society award for their coverage of the 2007 UK floods.
Steve Myers / Poynter Online:
PolitiFact Takes Lesson from Fast-Food Industry as it Franchises Fact Checking — When PolitiFact Editor Bill Adair went to Austin to train the people who would run PolitiFact Texas, the first state-level PolitiFact operation, he handed out the “Texas Truth-O-Meter Owner's Manual.”
Guardian:
Will Lewis leaves Telegraph — Editor in chief and digital managing director understood to have departed after disagreement with chief executive — Will Lewis has been pushed out of the Telegraph Media Group after a disagreement with chief executive Murdoch MacLennan over the future direction …
CNET News:
Media ask for Gizmodo court records in iPhone probe — The justifications police gave for searching the home of a Gizmodo editor in the criminal investigation of an iPhone prototype should be public, CNET News is preparing to tell a judge this week. — A group that also includes …
Nicholas Carlson / Silicon Alley Insider:
Fending Off Microsoft, Google Invests In TV Ad Startup Invidi (GOOG, MSFT) — Update: Invidi just put out a press release confirming the news: — INVIDI Technologies Corporation, the leader in advanced addressable advertising solutions for television, announced today it has secured …
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