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2:50 AM ET, December 29, 2012

Mediagazer

 Top News: 
Zachary M. Seward / Quartz:
How a bogus claim about Instagram losing users made Facebook's stock drop nearly 3%  —  Facebook's stock dropped 2.9% in its first minutes of trading this morning.  Investors were likely responding to a report in the New York Post that Instagram, the photo-sharing that Facebook acquired this year …
Katharine Q. Seelye / New York Times:
Newspaper on Cape Cod Apologizes for a Veteran Reporter's Fabrications  —  HYANNIS, Mass. — When an editor at The Cape Cod Times was reading the newspaper last month, she thought an article about the Veterans Day parade from the day before seemed slightly off.
Discussion: @penenberg and @bobbymacreports
Margaret Sullivan / The Public Editor's Journal:
‘Snow Fall’ Tells a Story About an Avalanche and a Newspaper's Digital Progress  —  With its spectacular graphics and photography, and its beautifully written narrative, “Snow Fall: The Avalanche at Tunnel Creek” was a compelling project, even for those who might not have been particularly interested in the topic.
RELATED:
Al Tompkins / Poynter:
Where The Journal News went wrong in publishing names, addresses of gun owners  —  In the days since The Journal News published and mapped the names and addresses of local citizens who hold gun permits, outraged critics have published the names and addresses of journalists at the paper.
RELATED:
Jim Romenesko:
Patch editors say staff and budgets are being cut in 2013  —  I asked Patch staffers Thursday to comment on a report that editors are being given more communities to cover and freelance budgets are being cut in 2013.  Here are two responses that came in:  —  From a Patch editor:
Discussion: BostInno
RELATED:
Robert Andrews / paidContent:
Pearson buys $89.5m Nook stake to secure book distribution  —  Talk about vertical integration.  Pearson is taking a five percent stake in newly-reconfigured ebook device and retail brand Nook Media in order to gain favourable distribution for its education books.
Liana B. Baker / Reuters:
News Corp buys regional sports channel in Ohio  —  (Reuters) - News Corp said on Friday it bought SportsTime Ohio, a Cleveland-based regional sports network that broadcasts Cleveland Indians baseball games.  —  The company did not disclose financial details.
Discussion: Broadcasting & Cable and Bloomberg
Dan Sabbagh / Guardian:
How looking beyond UK may save British newspapers  —  With British titles deriving up to 55% of readers from abroad, the temptation to expand internationally for growth is compelling  —  For most of the half century since the Guardian left Manchester, Britain's newspapers have travelled little further …
Hamish McKenzie / PandoDaily:
Talking about paywalls without talking about tablets is just wrong  —  Mike Masnick published a piece on Tech Dirt yesterday about how the better-than-expected success of the New York Times “paywall” doesn't mean it's actually “working.”  —  In March, when the Times re-introduced its subscription element …
Elliot Spagat / Associated Press:
Orange County Register Owner Eyes Tribune Papers  —  SANTA ANA, Calif. — The publisher of the Orange County Register said Thursday that at an investor group he leads may want to buy Tribune Co.'s newspapers after the media conglomerate emerges from bankruptcy.
Discussion: JIMROMENESKO.COM and Reuters
The Huffington Post:
Myanmar To Allow Daily Private Newspapers  —  YANGON, Myanmar — Myanmar said Friday it will allow private daily newspapers starting in April for the first time since 1964, in the latest step toward allowing freedom of expression in the long-repressed nation.
Discussion: mediabistro.com
Brian Stelter / Media Decoder:
In Boost to U.S. Plans, BBC World News Is Added to Time Warner Cable  —  Updated In a sign of progress for its push to get on cable and satellite systems across the United States, the BBC World News channel is now available in about 10 million homes that subscribe to Time Warner Cable.
 
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The Media Roundup:
How to fix UK journalism's class problem  —  In this issue we ask why the UK journalism industry pretends it doesn't have a class problem, go on a rant about why Condé's comparison of magazine readers to web …
 
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 More News: 
Cyrus Farivar / Ars Technica:
The music industry dropped DRM years ago. So why does it persist on e-books?
Mat Honan / Wired:
No One Uses Smart TV Internet Because It Sucks
 Earlier Picks: 
Carl Marcucci / Radio & Television Business Report:
Dial Soap sues News Corp. over computer hacking