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9:35 AM ET, August 7, 2013


 Top News: 
Staci D. Kramer / Nieman Journalism Lab:
Don Graham on the sale of The Washington Post, Jeff Bezos, and the pace of newsroom innovation  —  Washington Post Co. chairman and CEO Don Graham kept the decision to sell the heart of the family business exceptionally quiet for months, avoiding public drama and employee angst while he went white-knight shopping.
Chris Kirkham / The Huffington Post:
Washington Post Co.'s Kaplan Bet May Have Cost It The Paper  —  Even as the Washington Post saw its circulation diminish and its advertising revenues evaporate in recent years, the paper's parent company could draw on a conspicuous center of growth — a chain of for-profit colleges known collectively as Kaplan Higher Education.
Jennifer Saba / Reuters:
Jeff Bezos Bought The Washington Post For Four Times Its Worth  —  (Reuters) - Jeff Bezos has just shown how valuable one-of-a-kind newspaper properties can still be in the United States.  —  The multibillionaire founder of online retailer Inc may have paid more than four times …
Discussion: Bloomberg
Om Malik / GigaOM:
A new Babylon and the rise of the tech tycoon
Chris Hughes / New Republic:
What Jeff Bezos Is Thinking
Anthony Ha / TechCrunch:
AOL Is Acquiring Video Ad Platform For $405M  —  TechCrunch-owner AOL just announced that it has reached an agreement to acquire video advertising platform in a deal that should be worth a total of $405 million — $322 million in cash and $83 million in AOL common stock.
Anthony Ha / TechCrunch:
AOL Q2 Comes In (Slightly) Above Estimates With $541M Revenue, $0.35 Earnings Per Share  —  AOL just released its earnings report for the second quarter of the year, coming in ahead of Wall Street expectations with revenue of $541 million, up 2 percent percent from the same period last year, and diluted earnings per share of $0.35.
Associated Press:
Time Warner 2Q net income jumps 87 pct  —  NEW YORK — Time Warner, owner of HBO, CNN, and Warner Bros., says its second-quarter net income jumped 87 percent, boosted by better results at its film and TV businesses.  The results beat Wall Street predictions and the New York company boosted its full-year profit outlook.
Discussion: Associated Press and DailyFinance
Philip Bump / The Atlantic Wire:
This Year's Yemen Leak Isn't Angering Congress as Much as Last Year's  —  Someone in the government told the press confidential details of a terror operation centered on Yemen.  In 2012, that meant broad outcry, with members of Congress calling for investigations and criminal charges.  In 2013: crickets.
Discussion: CBS News and Guardian
Sam Thielman / Adweek:
Fox Will Invest $150 Million in Broadcast Programming  —  The newly-created 21st Century Fox had its first earnings call on Tuesday afternoon, and, perhaps befitting its status as half of the old News Corp., took half as long as most earnings calls with 15 minutes of presentation and another 15 minutes allotted for a Q&A.
Tony Maglio / The Wrap:
21st Century Fox Reports Q4 Revenue Gain
Caroline O'Donovan / Nieman Journalism Lab:
Google's new search feature makes it easier to find seminal articles on big topics  —  When big news breaks, readers clamor for updates — but they also yearn for context.  For example, when word got out Monday afternoon that Jeff Bezos had spent $250 million to become the new owner of The Washington Post …
Joe Pompeo / Capital New York:
‘New York’ magazine and ‘The New Yorker’ buck downward newsstand trend with stronger digital sales  —  New York's hometown weeklies are bucking one of the bleaker trends of the magazine industry, which as a whole faced a roughly 10-percent drop in newsstand sales during the first half of 2013, according to a report issued this morning.
Lynne Marek / Crain's Chicago Business:
How will Globe, Post sales affect Tribune?  —  For Tribune Co., the recently announced sales of the Washington Post Co. newspapers and the Boston Globe group make clear there's still a market for major newspapers.  But analysts say they'll be worth more sold separately and sometime soon.
Discussion: The Huffington Post
Todd Spangler / Variety:
Cord-Cutting No Longer an ‘Urban Myth’: Pay TV Operators Drop 316,000 Subs in Past Year  —  Industry faces steeper losses even as housing market shows signs of recovery, according to Wall Street analyst Craig Moffett  —  The number of Americans jettisoning pay TV is still fairly small …
Neal Ungerleider / Fast Company:
Netflix-style recommendations: From a cable provider?  —  IF YOU CAN'T BEAT 'EM, JOIN 'EM: COX CABLE'S NEW CONTOUR APP AND DVR PLUG-IN GIVES VIEWERS PERSONALIZED, NETFLIX-STYLE RECOMMENDATIONS FOR TELEVISION VIEWING ON DEMAND.  —  Cox Cable is trying out something television viewers …
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 More News: 
Wall Street Journal:
FBI Finds Holes in System Protecting Economic Data
Discussion: Quartz
Mark Sweney / Guardian:
Guardian rejects press watchdog as ‘own goal’ threatening independence
 Earlier Picks: 
Alex Weprin / TVNewser:
Andrew Morse Expected to Leave Bloomberg TV for CNN
Discussion: Lost Remote
Zoe Fox / Mashable:
Top 10 U.S. Newspapers Ranked by Digital Circulation
Discussion: Street Fight and The Wrap
Brian Stelter / New York Times:
‘NewsHour’ Appoints First Female Anchor Team
Andrew Wallenstein / Variety:
Comcast Developing Anti-Piracy Alternative to ‘Six Strikes’ (Exclusive)
Greg Sandoval / The Verge:
Music publishers file copyright suit against big YouTube channel operator
Dominic Ponsford / Press Gazette:
Rupert Murdoch pays tribute to ‘loyal and distinguished’ Richard Caseby as former Sun managing editor leaves News UK
Discussion: Guardian and @edgecliffe

From Techmeme:

Made by Google on YouTube:
Livestream of the Made by Google 2023 event

Nikhilesh De / CoinDesk:
A US judge rejects the SEC's motion to file an interlocutory appeal against July 2023's Ripple ruling and sets an April 2024 trial date to resolve other issues

The Information:
Sources: Anthropic is in talks to raise $2B+ from Google and others, at a $20B to $30B valuation, and projects generating $200M in revenue by the end of 2023

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