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4:00 AM ET, June 29, 2013


 Top News: 
Walter Hamilton / Los Angeles Times:
Profit at L.A. Times owner Tribune Co. plummets 41%  —  Tribune Co., owner of the Los Angeles Times, KTLA-TV and other media properties, reported declines in first-quarter income and revenue.  Above, the front entrance of Tribune Tower in Chicago.  (M. Spencer Green / AP / March 30, 2007)
Discussion: The Breakdown and LA Observed
Sara Morrison / The Wrap:
LA Times Hit by Another Round of ‘Modest’ Layoffs  —  At least 11 are believed to have been let go in the latest cutbacks  —  The Los Angeles Times has cut more employees in what the paper termed a “modest round of staff reductions” on Friday.  —  The layoffs coincided with the end …
Under Pressure, Scribd Yanks Ecuadorian Spy Documents  —  File sharing service pulls documents relating to Ecuador's domestic spying program “because Scribd received a legally valid claim of copyright infringement pursuant to the Digital Millennium Copyright Act of 1998 (DMCA).”
Discussion: Techdirt and @moorehn
Ingrid Lunden / TechCrunch:
Yahoo To Sunset AltaVista, Axis, RSS Alerts, and Nine Other Products, Some As Soon As Today  —  Yahoo under Marissa Mayer is taking a page from her old employer, Google, and sunsetting 12 products, with some starting as soon as today.  Included are AltaVista and other search products …
News Corp. Splits Today.  Now the Publishing Unit Has to Prove Doubters Wrong  —  Effort Underway for New York Post to Compete Nationally With Sites Like BuzzFeed  —  Rupert Murdoch bowed to investor pressure to split his six-decade-old publishing business from the rest of News Corp.'s media empire.
Kara Bloomgarden-Smoke / The New York Observer:
News Corp Wants to Compete With BuzzFeed
Matt Sledge / The Huffington Post:
Military Judge Deals Blow To Manning Defense  —  FORT MEADE, Md. — A military judge dealt Bradley Manning's defense a blow on Friday, ruling that government prosecutors can enter two tweets from WikiLeaks into the trial record as circumstantial evidence against him.
Discussion: Associated Press, Mashable and RT
Todd Spangler / Variety:
TouchCast Thinks It Can Create Smarter Web Videos Than YouTube  —  Startup pitches iPad app for creating interactive video broadcasts, which require its own media player  —  TouchCast is touting an app for creating Internet videos with fully interactive, live web elements far superior …
S.E.C. Begins an Inquiry of Thomson Reuters Data  —  Federal securities regulators have opened an inquiry into the media company Thomson Reuters and how it releases closely watched manufacturing data to its trading clients, a move that highlights the government's continued effort to understand …
Eliza Kern / GigaOM:
First Round Capital wants to be Harvard Business Review for startup founders  —  First Round Capital is announcing Friday that it's going to be taking the insights learned from its portfolio companies and launching a series of blog posts that give tactical advice to startup founders …
Turkish government combing Twitter in search of protest organizers to arrest  —  Turkish government officials are investigating Twitter and similar social media platforms in an attempt to identify and eventually prosecute the organizers of mass demonstrations, Erodgan administration officials said this week.
Discussion: Associated Press
Michael Calderone / The Huffington Post:
DOJ Reportedly Did Not Subpoena NYT Phone Records In Leak Investigation  —  NEW YORK — The Justice Department did not issue a subpoena for New York Times phone records in a leak investigation following David Sanger's 2012 article on the U.S. and Israel developing a computer virus …
Andrew Beaujon / Poynter:
In Louisiana, journalists face jail time for publishing gun info  —  Last Wednesday Louisiana Gov. Bobby Jindal signed into law a bill that imposes a $10,000 fine and up to six months in jail for anyone who publishes “any information contained in an application for a concealed handgun permit …
Discussion: @jbenton
Peter Kafka / AllThingsD:
New Intel CEO Says Intel TV Sounds Great in Theory.  But ...  Since February, Intel executives have been promising to launch a Web TV subscription service sometime this year.  And they're still making those promises.  —  But Intel also has a new CEO.  And while Brian Krzanich is still supporting …
Discussion: Reuters
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 More News: 
Sheron Boyle / PressGazette:
Byline banditry: How Sun staffer wanted byline for three weeks of my work
Justin Ellis / Nieman Journalism Lab:
ProPublica introduces a magazine to reach new readers on mobile
Krithika Krishnamurthy / Reuters:
Higher cable, satellite prices boost Shaw's profit
John Malone Said to Explore Scenarios for Time Warner Cable Deal
Discussion: MoneyBeat and
 Earlier Picks: 
Josh Horwitz / The Next Web:
Amazon ordered to tighten its operations in China after counterfeit books show up for sale on its site
Discussion: CNET
Tom Harper / The Independent:
Lord Leveson hits out in row over suppressed hacking dossier
Pearson denies talks of Financial Times sale to Murdoch
Joe Pompeo / Capital New York:
The other tabloid war: ‘Mail Online’ and ‘Daily News’ duke it out in digital