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10:05 PM ET, February 29, 2012


 Top News: 
Business Wire:
James Murdoch Steps Down as Executive Chairman, News International to Focus on Expanding International TV Businesses  —  NEW YORK—(BUSINESS WIRE)—News Corporation today announced that, following his relocation to the Company's headquarters in New York, James Murdoch, Deputy Chief Operating Officer …
Steve Myers / Poynter:
James Murdoch resignation revives News Corp. succession parlor game  —  James Murdoch's resignation as head of News Corp.'s British publishing unit marks the end of his time as Rupert Murdoch's heir apparent and opens the door for further speculation about who will succeed Rupert Murdoch as head of the company.
Robert Peston / BBC:   Murdochs: Exit James, enter Rupert
Dominic Rushe / Guardian:
News Corp shareholders step up bid to oust James Murdoch
Discussion: Press Gazette
Amy Chozick / Media Decoder:   Investor Group Again Urges Sotheby's to Remove James Murdoch From Board
Paul Sonne / Wall Street Journal:
James Murdoch Steps Down as Executive Chair of News International
Discussion: Company Town
Matthew Holehouse / Telegraph:
Leveson Inquiry: phone hacking police identified 418 potential victims in 2006
Discussion: Guardian
Seth Godin / paidContent:
Who Decides What Gets Sold In The Bookstore?  —  We can probably agree that the local supermarket has no moral or ethical or business obligation to sell cherry-flavored Cap'n Crunch.  If the owner doesn't like cherries, she doesn't have to sell them.  —  And the cereal maker shouldn't work under …
Andrew Beaujon / Poynter:
NYT guild members have ‘quiet’ protest outside Page One meeting  —  Newspaper Guild members at The New York Times received this notice Tuesday: … Quiet protest, everybody!  Sorry: (quiet protest, everybody).  You can vigorously rustle your copy of the Observer, or tap out a polite tweet on your phone (keyboard clicks off, please).
Stephen Galloway / Hollywood Reporter:
Whatever Happened to Ted Turner?  —  The “Mouth of the South” is no longer as he devotes his time (and $1 billion) to the U.N., jets between 28 homes and four girlfriends, misses Jane Fonda and opens up to THR about Rupert, Jerry and his abuse as a child.  Says a friend: “He's definitely changed.”
Steve Myers / Poynter:
IRS delays make it hard for nonprofit news sites to build their businesses  —  Anyone with a cursory knowledge of the nonprofit news field knows the big players:, Texas Tribune, MinnPost, ProPublica, et. al.  —  You probably haven't heard of the Arlington Mercury or the San Diego Newsroom.
Steven Church / Bloomberg:
Tribune Paid Bankruptcy Advisers $233.3 Million Since Filing in 2008  —  Tribune Co. (TRB), the biggest news media company in bankruptcy, paid lawyers and other advisers $233.3 million since filing for court protection from creditors in December 2008.  —  The two main law firms …
Peter Kafka / AllThingsD:
Facebook Pitches Advertisers on a New Ad Model  —  Facebook sold $3 billion worth of ads last year, but it's still feeling its way around the ad business.  —  And the ad business still isn't sure what to make of Facebook: Grand new marketing paradigm, or a collection of 800 million people …
Ryan Chittum / CJR:
Bloomberg's Abelson on How Wall Street Is Coping  —  Bloomberg's Max Abelson has the story of the day, another entry in his list of stories on out-of-touch Wall Streeters.  This one's about how rich folks are coping with their reduced circumstances in a season of curtailed bonuses.
Discussion: Capital New York, Bloomberg and Gawker
Jim Romenesko:
Vanity Fair profiles Washington Post … Katharine Weymouth … More after the jump  —  Vanity Fair release  —  SARAH ELLISON ON THE EMBATTLED WASHINGTON POST  —  New York, N.Y.—"I wouldn't.  I can afford to be sentimental," Warren Buffett tells Vanity Fair when asked if he would ever sell …
Discussion: Erik Wemple and Poynter
Greg Sandoval / CNET:
Spotify: Staggering music releases (like movies) won't work  —  Hollywood studios made billions by strictly controlling distribution.  Some music acts think it may be profitable to restrict access in a similar way.  —  Spotify CEO Daniel Ek during one of the company's press events last fall.
Discussion: TeleRead, Betabeat, Fast Company and hypebot
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 More News: 
Husna Haq / Christian Science Monitor:
E-book readers are buying plenty - but not in bookstores
Janko Roettgers / GigaOM:
With Starz exiting, Netflix loses access to live TV
Lucia Moses / Adweek:
‘Businessweek’ Unwraps New Website
Discussion: FishbowlNY and Talking Biz News
Eleanor Beardsley / NPR:
For Leap Day Only, A Rare Newspaper Goes To Print
Discussion: The Huffington Post
Kat Stoeffel / The New York Observer:
No Tabloid For Old Men: Laid Off Photographers Take Daily News to Court
Discussion: @romenesko
Craig Silverman / Poynter:
How The New York Times' corrections tracker improves accuracy
Discussion: Editors Weblog
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Helpful Tips For Keeping Your Job As Editor Of TechCrunch
Peter Beaumont / Guardian:
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Discussion: BBC
Stan Diel / Business News from The Birmingham News:
Birmingham Weekly to be published every 10 days
Discussion: AAN
Megan Garber / The Atlantic Online:
Google and the News, Part 2,389: The Company Is Co-Hosting a Conference on Investigative Reporting and Tech