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8:05 PM ET, May 6, 2010

Mediagazer

 Top News: 
Stephanie Clifford / New York Times:
Newsweek on Block as Era of the Newsweekly Fades  —  The Washington Post Company announced Wednesday it would try to sell Newsweek magazine, raising questions about the future of the iconic newsweekly — and whether a fragmented nation still looked to mass magazines to define the weekly conversation.
RELATED:
Joe Pompeo / Silicon Alley Insider:
Newsweek's Jon Meacham On ‘The Daily Show’: It's Time To Flip The Switch From Print To Digital  —  On Wednesday night's episode of “The Daily Show,” Newsweek editor in chief Jon Meacham laid out what you'd think should be a no-brainer strategy for any news organization toggling between the print and digital worlds.
Discussion: TeleRead
Staci D. Kramer / paidContent:
Don Graham On Newsweek: 'We'll Get A Buyer'
Discussion: Strupp, Economy Watch and MediaMemo
Brian Stelter / Media Decoder:
On a Dramatic Afternoon for Dow, a Scramble to Cover the Story  —  Cable news anchors and financial Web sites struggled to keep up as the Dow fell nearly 1,000 points and then mostly rebounded in a matter of minutes Thursday afternoon.  —  As my colleague David Carr put it just now …
RELATED:
Joe Weisenthal / Silicon Alley Insider:
THE MOST EXCITING MOMENT IN CNBC HISTORY: Jim Cramer Saves The Market  —  If you missed it, here's the instant-classic video of Erin Burnett and Jim Cramer going nuts together as the Dow collapsed and then rebounds  —  And don't miss: Jim Cramer's 10 greatest moments >  —  Join the conversation about this story »
Discussion: Wonkette, The Wire, Newsbroke and Hot Air
Alexei Oreskovic / MediaFile:
Actually, Yahoo is not spending another $85 million on ads  —  The news that Yahoo is spending $75 million to $85 million on an ad blitz has provoked a wave of disparagement in the blogosphere, with many critics slamming Yahoo for throwing more money away on an ineffective marketing strategy.
RELATED:
Suzanne Vranica / Wall Street Journal:
Yahoo Launches New Ad Blitz  —  Campaign Promoting Site as One-Stop Web Destination Makes a Jab at Google  —  On the heels of a disappointing ad campaign, Yahoo is hoping to increase traffic to its home page and win back share in the Internet-search market with a new ad blitz that takes a shot at larger rival Google.
Ian Shapira / Story Lab:
Should journalists out each other's sources?  —  On Wednesday morning, I read a piece on the Politico web site speculating about the identity of confidential sources who helped me break a story about negotiations to sell The Washington Times.  Initially, the Politico headline …
Discussion: Gawker
RELATED:
Patrick Gavin / The Politico:
What's next for the Washington Times
Discussion: Romenesko
Andrew Romano / Newsweek Blogs:
Why the Media Ignored the Nashville Flood  —  As you may have heard, torrential downpours in the southeast flooded the Tennessee capital of Nashville over the weekend, lifting the Cumberland River 13 feet above flood stage, causing an estimated $1 billion in damage, and killing more than 30 people.
Maureen O'Connor / Gawker:
Guy Who Sent Us Washington Post's Malcolm X-Obama Mix-Up Denies Hoax  —  The Washington Post claims a much blogged-about photo caption blooper was a “hoax.”  But the guy who sent the screencap to us stands by it: “I don't even have Photoshop on my computer!  Also two co-workers saw my screen.”
RELATED:
Andy Alexander / Ombudsman Blog:
Hoax suspected in Obama-Malcolm X photo mix-up
Discussion: Romenesko and New York Magazine
Emily Bryson York / AdAge:
McDonald's to Use Facebook's Upcoming Location Feature  —  Brands Eager to Build Apps Once Massive Social Network Launches Its Own Foursquare Competitor  —  CHICAGO (AdAge.com) — Facebook is preparing to launch location-based status updates for its users.
David Kaplan / paidContent:
Updated: Playboy Plans Free, Safe-For-Work Site  —  Playboy (NYSE: PLA) is planning a mix of new sites that it hopes will appeal to a variety of readers and advertisers, company execs said during its Q1 earnings call.  In addition to expanding its mobile presence, Playboy is working on a …
Staci D. Kramer / paidContent:
Simon & Schuster's Digital Publishing Revenue Up Sharply  —  Today's standout standout but still small digital number from earnings reports: CBS (NYSE: CBS) Publishing aka Simon & Schuster reports a roughly 233 percent increase in digital publishing revenue for Q1, to $12 million from $3.6 million.
Dina Temple-Raston / NPR:
How Media Coverage Crimped The Times Square Case  —  The virtually wall-to-wall coverage of the Times Square bombing investigation was a problem for investigators trying to solve the case.  —  It all began at dinnertime last Saturday night when a suspect drove an SUV rigged with a homemade bomb …
Discussion: blogs.dix-eaton.com and Romenesko
Staci D. Kramer / paidContent:
Cablevision's Cable Ad Revs Up 35 Percent, Newsday Down But Losses Narrow  —  Post-MSG Cablevision (NYSE: CVC) turned in another strong quarter, defining why analyst Craig Moffet calls it a “cash machine.  Profit for Q1 more than tripled to $74.1 million, with a 5 percent increase in revenue …
Syoung / Berkman Center:
NEW HAMPSHIRE SUPREME COURT UPHOLDS FREE SPEECH RIGHTS FOR ONLINE NEWS SITES  —  The New Hampshire Supreme Court today issued an important decision upholding the First Amendment rights of online publishers.  Harvard Law School's Cyberlaw Clinic submitted an amicus curiae brief last June …
 
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 More News: 
Bloomberg:
CBS Overpaid Moonves $28 Million, Says Study of CEO Pay
Editor and Publisher:
Out of Bankruptcy, ‘O.C. Register’ …
Ryan Lawler / NewTeeVee:
Broadcasters See Big Boost In Web Video Viewership
Twitter Media:
Breaking news with the @statesman
Marisa Guthrie / Broadcasting & Cable:
Upfronts 2010: A&E Plans Unscripted Projects With Danza, Hasselhoff and Saget
Discussion: Variety, MediaPost and Multichannel
Carol Fisher / Media Week:
I-level placed into administration
Discussion: Brand Republic and paidContent
Gerry Storch / Forbes:
All The News That's Fit To Buy
Discussion: Kirk LaPointe's …
 Earlier Picks: 
Joe Flint / Los Angeles Times:
Media mogul launches Saban Brands
Discussion: Media Decoder
Stuart Elliott / Media Decoder:
Effort to Integrate Madison Avenue Turns to Super Sunday
Discussion: Media Buyer Planner
Joanne McNeil / Nieman Journalism Lab:
Tracking memes on their native turf: Viral anthropology at ROFLcon
Discussion: Tomorrow Museum
Jack Loechner / MediaPost:
... Yet Without Information, We Are Nothing
Michael Lacey / sfweekly.com:
An Opportunity to Stand Up  —  Village Voice Media is underwriting …
Bill Mitchell / Newspay:
Freelance Group Hopes to Become an “a la Carte News Service”
David Kaplan / paidContent:
Irony Alert: Slate Group Claims Q1 Ad Revs Rose More Than 50 Percent
Thomson Reuters Exposed:
Is Barclays Banking On Thomson Reuters?
Discussion: The Wire and Talking Biz News