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5:45 PM ET, August 7, 2013


 Top News: 
Jeff Bercovici / Forbes:
AOL Bets On Programmatic With Adap.TV, Pulls Back On Patch  —  Here's a sign that Tim Armstrong feels he's regained control of the narrative at AOL : He's back in the market for big-ticket items.  —  AOL's $405 million purchase of the video advertising platform Adap.TV is the biggest acquisition …
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.
Jeff Jarvis / BuzzMachine:
Patches  —  Tim Armstrong says he will close, sell, or find partners for 300 local Patch sites to reach profitability.  —  I have a fourth option, Tim: Invest.  Set up independent entrepreneurs — your employees, my entrepreneurial graduates, unemployed newspaper folks — to take over the sites.
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.
Kara Swisher / AllThingsD:
Dear Jeff Bezos, Here's What I Saw as an Analog Nobody in the Mailroom of the Washington Post  —  While it might seem an awful cliche, the fact of the matter is — if you go back to a time long before the commercial Internet existed, and well before you became so rich that you have $250 million …
Bezos's E-Book Overhaul Provides Blueprint for Post
Discussion: VentureBeat
Staci D. Kramer / Nieman Journalism Lab:
Don Graham on the sale of The Washington Post, Jeff Bezos, and the pace of newsroom innovation
Jennifer Saba / Reuters:
Amazon's Bezos pays hefty price for Washington Post
Chris Kirkham / The Huffington Post:
Washington Post Co.'s Kaplan Bet May Have Cost It The Paper
Discussion: New Republic
Lynne Marek / Crain's Chicago Business:
How will Globe, Post sales affect Tribune?
Discussion: The Huffington Post
Dylan Byers / Politico:
CNN taps Bloomberg TV head to oversee new digital integration effort  —  In a new effort to “connect digital and television,” CNN Worldwide president Jeff Zucker has announced that Bloomberg TV head Andrew Morse will join the network as Senior Vice President overseeing domestic newsgathering …
Laura Hazard Owen / GigaOM:
Amazon, Kobo and Sony petition FCC to exempt e-readers from accessibility laws  —  Amazon, Kobo and Sony are petitioning the Federal Communications Commission to permanently exempt e-readers from certain federal accessibility laws for the disabled, arguing that e-readers are barebones devices designed for a single purpose: reading text.
Time Inc. Spinoff Delayed Until Early Next Year  —  Publishing Revenue Slips While TV Grows  —  Time Warner said Tuesday that it won't complete its plan to separate Time Inc. division into an independent company this year as anticipated, prolonging a period of uncertainty at the publishing division just a little bit longer.
Discussion: FishbowlNY
Associated Press:
Time Warner 2Q net income jumps 87 pct
Erik Wemple / Washington Post:
DCist editor fired after freelancing spat  —  In a testament to the cachet of a BuzzFeed byline, DCist Editor-in-Chief Ben Freed has been dismissed from his position after he placed a freelance piece with the popular news site.  Speaking about the matter last night, Freed sounded a bit dazed by the ouster …
Michael Calderone / The Huffington Post:
McClatchy Editor Defends Publishing Al Qaeda Detail CNN, NY Times Held Back  —  On Sunday, McClatchy reported that the decision to close U.S. embassies and issue a travel warning last week was prompted by an intercepted communication between Al Qaeda leader Ayman al Zawahiri and Nasir al-Wuhayshi …
Philip Bump / The Atlantic Wire:
This Year's Yemen Leak Isn't Angering Congress as Much as Last Year's
Andrew Beaujon / Poynter:
Knight gives $345,000 to Philadelphia media incubator  —  The Knight Foundation is putting $345,000 into Project Liberty, a digital media incubator housed in the headquarters of Interstate General Media, which owns The Philadelphia Inquirer, the Philadelphia Daily News and
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 …
Greg Bensinger / Digits:
Groupon Boosts Sales; Lefkofsky to Be Permanent CEO  —  Groupon said its second-quarter revenue grew 7% thanks to a surge in North American sales, and named Co-Chief Executive Eric Lefkofsky as sole chief of the company.  —  The news sent shares in the local commerce company soaring 18% in after-hours trading.
Discussion: Forbes, ZDNet and Wall Street Journal
Erik Sass / MediaPost:
Saga, Salem Reports Uptick In Radio Results  —  Radio's sluggish first quarter was followed by modest improvement in the second quarter, judging by the results from several broadcast radio groups.  Saga Communications and Salem Communications both reported revenue increases, following positive results from Clear Channel and Cumulus.
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
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 More News: 
Todd Shields / Bloomberg:
Time Warner Cable's Plea to Washington for Help Tuned Out
Discussion: The Verge and Los Angeles Times
Brian Moylan / Guardian:
Nielsen's tracking of Twitter's relation to TV is missing the point
Discussion: Nielsen, Kotaku and Globe and Mail
Tim Peterson / AdAge:
Thrillist Expands, Becomes a Blend of Frommer's and Foursquare
Discussion: Street Fight and eMedia Vitals
David Whitford / Fortune:
The mysterious company that just bought Newsweek
Discussion: The Wrap
Matthew Jarzemsky / MoneyBeat:
Ad-Tech Company YuMe's IPO Prices Well Below Target
 Earlier Picks: 
Neal Ungerleider / Fast Company:
Netflix-style recommendations: From a cable provider?
Wall Street Journal:
FBI Finds Holes in System Protecting Economic Data
Discussion: Quartz