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4:30 PM ET, August 10, 2011

Mediagazer

 Top News: 
Emily Steel / Wall Street Journal:
Patience on AOL Wears Thin  —  With Turnaround Prospects Looking Far Off, Stock Sinks 26%, Pressuring CEO  —  AOL Inc. lost a quarter of its market value on Tuesday after reporting a loss and cutting its earnings outlook, sparking concerns about its ability to turn itself around.
Discussion: WebProNews
RELATED:
Zeke Turner / WWD:
Maura Egan to Exit Huffington Post  —  After almost five months, Huffington Post deputy entertainment editor Maura Egan is leaving the Web site.  “I'd like to leave it at that,” she wrote in an email this morning, adding that she hopes to spend the rest of August at the beach in will look into “various possibilities” after that.
Discussion: @rafat and The Business Insider
Rick Robinson / Street Fight:
Patch Pitch: 855-Town Gorilla Doles Out Daily Deals  —  Patch certainly reports the news, but it also seems that often Patch is the news.  This is one of those weeks.  And not simply because one of their interns recently helped assist an injured pedestrian, and Patch covered it.
MarketWatch:
News Corporation Reports Fourth Quarter Income from Continuing Operations of $982 Million, $0.35 Per Share  —  Total Segment Operating Income Grew 45% to $1.35 Billion on 11% Revenue Growth  — Front Page - News Viewer - Commentary - Markets - Investing - Personal Finance - Community - Games
Discussion: @jbflint
RELATED:
BBC:
New arrest in phone-hacking inquiry  —  Operation Weeting is the renewed police inquiry into allegations of phone hacking by journalists  —  A 61-year-old man has been arrested on suspicion of phone hacking, Scotland Yard has said.  —  The BBC understands he is former News of the World news editor, Greg Miskiw.
Bloomberg:
News Corp.'s James Murdoch to Explain Story Holes  —  James Murdoch's testimony last month to U.K. lawmakers about phone hacking by News Corp. (NWS) journalists produced responses that he'd been mistaken, misled or just lied.  This week he's supposed to explain which of those it was, if any.
Joe Brown / Gizmodo:
Gizmodo Officially Not Being Charged in iPhone 4 Case  —  The District Attorney of San Mateo County is moving forward in the case of the iPhone 4 prototype we posted about last year.  Fortunately, nobody from our team is being charged.  —  Here's our parent company, Gawker Media's official statement on the matter:
Megan Garber / Nieman Journalism Lab:
MoJo's digital ad revenue: up 97 percent over last year  —  We wrote earlier this year about some optimism-inspiring traffic gains over at Mother Jones: This February — long before Osama bin Laden's death spiked traffic stats for many mags in MoJo's league — the site saw a 420-percent increase in traffic from the previous year.
Discussion: eMedia Vitals
Dan Frommer / The Wire:
Facebook Is Your New Local Newspaper  —  As we look toward the future of news, it's clear that many huge, national news brands are here to stick around.  —  But what about local news?  Local newspapers, radio stations, and TV affiliates are the ones that could be most easily disrupted by changes in technology and advertising.
Mathew Ingram / GigaOM:
Amazon shows media companies the future of the web  —  Amazon has released a browser-based version of its Kindle e-book app, called the Kindle Cloud Reader, in what appears to be an attempt to detour around Apple's in-app purchasing requirements.  But what the e-book retailer has also done …
Edmund Lee / AdAge:
Demand Media Will Sell Web Ads for Village Voice, Awl After $14M IndieClick Buy  —  Renews and Expands Deal Letting Google Sell Content Company's Inventory  —  The once much-derided content company Demand Media will soon start selling advertising for Village Voice Media and the mini blog syndicate …
Megan Garber / Nieman Journalism Lab:
The “situational stylebook”: AP creates a reference guide for the upcoming Sept. 11 anniversary  —  This September will mark the ten-year anniversary of the September 11 terror attacks.  It's an occasion that will be commemorated, both on the day itself and, in many cases, in the weeks leading up to it …
Paul Bradshaw / Online Journalism Blog:
How a musician and a Sikh TV channel dominated coverage of the Birmingham riots  —  One image from last night guaranteed not to have made it onto the front page - via Birmingham Riots 2011  —  It's one thing to cover rioting on the doorstep of the national press - it's quite another …
Discussion: Guardian and Birmingham Riots 2011
Kat Stoeffel / The New York Observer:
Alt-'s Not Dead!  But Are Downtown Alt-Weeklies Headed for Retirement?  —  LAST MONTH THE top two editors of The New York Press quit.  Nothing new there.  Two previous editors had done the same.  Except when they quit, they'd done so in dramatic fashion, over journalistic principle or pique.
Discussion: SAI
Jeff Sonderman / Poynter:
How The New York Times' beta620 can move from evolution to news revolution  —  The New York Times made a big splash Monday with the public unveiling of beta620, a sort of Skunk Works for online news where experimental features for NYTimes.com will be proposed and tested.
Discussion: The Wall Blog
MediaShift Idea Lab:
The Argo Philosophy: Capitalize, Synthesize, Harmonize  —  Part of the mission behind NPR's Project Argo is to construct a software platform that can maximize the output of a one- or two-person team of reporters.  Project Argo is a collaboration between NPR and member stations to strengthen public media's role in local journalism.
Drew / Fark.com:
Patent-infringement lawsuit against Fark settled for zero dollars.  Also, patent trolls suck hairy donkey balls  —  A lot of you were already aware that Fark was sued by a patent troll back in January.  I wanted to share that as of today, after eight months of legal work, that lawsuit was dismissed.
Melanie Sill / Online Journalism Review:
Duke University's new Reporter's Lab for investigative tools  —  By Melanie Sill: When Sarah Cohen looks back at the exhaustive work she and other Washington Post journalists poured into a Pulitzer-winning investigation on child deaths, she sees not just accomplishment but opportunity …
Discussion: MediaPost and Future of Journalism
Mike Fleming / Deadline.com:
ICM Adds The Atlantic To Newspaper And Magazine Clientele  —  ICM, which has set up dozens of option deals for its client The New York Times and which just recently started making deals for New York Magazine, this week has signed The Atlantic.  The agency will package the magazine's articles for film, TV and online.
Discussion: FishbowlDC
 
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 More News: 
Andy Plesser / Beet.TV:
Bloomberg's Online Video Views Double in Midst of Market Turmoil
Tom Loftus / Digits:
Strange Tweets Haunt Syfy Series
Subtraction.com:
What Comes After Reading on iPad
Jay Yarow / SAI:
Watch Out Mossberg, Pogue, Josh Topolsky Is Getting A Weekly Tech Column At The Washington Post
Brian Stelter / Media Decoder:
Networks Step Up Coverage in Famine Zones
Kat Stoeffel / The New York Observer:
Don't Touch His Junket! Undermine Mike Albo Tells All
Ian Quillen / Education Week American …:
Media Companies Move Into Digital-Education Space
 Earlier Picks: 
Kat Stoeffel / The New York Observer:
Fake It Til You Break It: This Week in Subterfuge
Jeremy W. Peters / New York Times:
Abundance of News, but Mixed Sales, for News Magazines
Discussion: FishbowlNY
Nitasha Tiku / Betabeat:
Gilt Groupe's New Men's Site, Park & Bond, Looks Duditor-Approved
Noah Davis / SAI:
Ex-HarperCollins CEO Jane Friedman Is Revolutionizing The Publishing Industry. Again.
Leena Rao / TechCrunch:
Armed With $7M In New Funding, Movieclips Lands Deal With YouTube To Be The Vevo Of Film Clips
Laura Hazard Owen / paidContent:
Brooklyn's Latest Local News Site Aims For Gritty, Not Trendy