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7:05 AM ET, February 2, 2012


 Top News: 
Mathew Ingram / GigaOM:
Facebook wants to rewire the way the world works  —  There's a lot to take in when it comes to the much-anticipated Facebook IPO filing — the company's massive user base of 845 million (more than half of whom log on at least once a day), the $1 billion in net income it made last year, the almost $4 billion in revenue, and so on.
Ryan Chittum / CJR:
The Old-School Value of Facebook  —  The New York Times's curtain-raiser on the Facebook IPO this morning asks, “Personal Data's Value?  Facebook Is Set to Find Out.”  —  But is that really what Facebook is set to find out?  The Times says about all this private data …
David Benoit / Deal Journal:
Netflix & Wash Post Bought $8M Combined In Facebook Ads Last Year  —  It's not just Zynga that's creating revenues for Facebook.  The social network's getting a good dose of advertising revenue from the combined duo of the Washington Post and Netflix.  —  According to the filing …
Facebook's $5 Billion IPO: The Next Google?  Or The Next Groupon?  —  Facebook is finally going public.  —  On Wednesday, Facebook filed the prospectus for its initial public offering.  The social giant seeks to raise $5 billion in initial funding.  That's in line with some of the largest IPOs …
Zach Carter / The Huffington Post:
‘Gasland’ Journalists Arrested At Hearing By Order Of House Republicans  —  In a stunning break with First Amendment policy on Capitol Hill, House Republicans directed Capitol Hill police to detain a highly regarded documentary crew that was attempting to film a Wednesday hearing on a controversial natural gas procurement practice.
Talia Buford / Politico:
Josh Fox arrested at hearing  —  Photo courtesy of the office of Rep. Paul Tonko  —  Oscar-nominated documentary filmmaker Josh Fox was arrested Wednesday morning after attempting to film a House Science Committee hearing on hydraulic fracturing.  —  Fox was led out in handcuffs …
Discussion: Mediaite
Joe Pompeo / Capital New York:
Times and 12 other news organizations write another letter to the NYPD, calling for answers …
Steven Greenhouse / Media Decoder:
Former Intern Sues Hearst Over Unpaid Work and Hopes to Create a Class Action  —  5:23 p.m. |  Updated A former unpaid intern for the fashion magazine Harper's Bazaar filed a lawsuit on Wednesday, accusing its parent company, the Hearst Corporation, of violating federal and state wage …
Steve Myers / Poynter:
Former Harper's Bazaar intern suing Hearst may want to rethink career goal  —  Xuedan Wang, former “Head Accessories Intern” at Harper's Bazaar, has sued Hearst Corp. for not paying her to work as an intern.  The Times reports that she interned at the magazine for a year until December, working 40 to 55 hours a week.
Martin Evans / Telegraph:
Police investiagating allegations of email hacking at The Times  —  The Metropolitan Police are investigating allegations of email hacking at the Times Newspaper, sources have revealed.  —  It is understood the investigation relates to claims that a former reporter at the Murdoch owned newspaper hacked …
Brian Stelter / Media Decoder:
Wall Street Journal Co-Anchor to Move to CNBC  —  Kelly Evans, who became a video star at a place not known for that sort of thing, The Wall Street Journal, is moving to the television network CNBC.  —  Ms. Evans will be an on-air reporter for the network, the CNBC senior vice president Nik Deogun …
Brian Stelter / New York Times:
Tumblr Hires Writers to Cover Itself  —  The popular social blogging site Tumblr is hiring writers and editors to cover the world of Tumblr.  —  Chris Mohney, a senior vice president for content at BlackBook Media, will be the site's editor in chief.  Jessica Bennett, a senior writer …
Discussion: Fast Company and eMedia Vitals
Jeanine Poggi / AdAge:
Is Netflix Kids' Streaming Part of Nickelodeon's Ratings Drop?  —  Netflix Users Streamed 2 Billion Hours in the Fourth Quarter  —  Netflix is adamant that its streaming service will not cannibalize the cable industry, but Nickelodeon's recent ratings decline may provide the first suggestion …
Robert Booth / Guardian:
Julian Assange extradition breaches legal principle, lawyer claims  —  First day of hearing into extradition of WikiLeaks founder to Sweden centres on issue of Swedish prosecutor's impartiality  —  The arrest warrant for Julian Assange should not stand and breaches “a matter of fundamental legal principle” …
Jana Winter / Fox News:
EXCLUSIVE: Wikileaks to move servers offshore, sources say
Tom Espiner / ZDNet:
Assange's Supreme Court extradition appeal kicks off
Joe Pompeo / Capital New York:
NYPD: Officer who obstructed ‘Times’ photographer during O.W.S. protest got a reprimand  —  The New York Police Department reprimanded an officer and a sergeant who obstructed journalists covering an Occupy Wall Street demonstration at the World Financial Center back in December, according to Deputy Commissioner Paul Browne.
Discussion: The Huffington Post
Josh Sternberg / Digiday:
The Daily After One Year: Some Lessons Learned  —  A year ago, The Daily launched with much fanfare.  News Corp. CEO Rupert Murdoch declared, “We believe The Daily will be the model for how stories are told and consumed in this digital age.”  —  If nothing else, it has proven that the future never travels in a straight line.
Jeff Bercovici / Mixed Media:
AOL's Armstrong: Some Patches DID Turn Profitable in 2011  —  Armstrong.  Image by Getty Images North America via @daylife  —  It's not like AOL chairman Tim Armstrong to hide his light under a bushel, but when it comes to Patch, the company's hyperlocal network, he may have done just that on this morning's earnings call.
Kara Swisher / AllThingsD:
AOL Beats Low Expectations, Increasing Ad Revenue and Slowing Total Decline in Q4 (Plus Charts!)
Justin Ellis / Nieman Journalism Lab:
Hello Tokyo!  The Guardian experiments in immersive video with Condition One  —  The Guardian is launching a new experiment in video, partnering with video company Condition One to release full-immersion travel guides.  Don't just read about life in Shibuya — stand in the middle of it!
Discussion: Guardian and The Next Web, Thanks:@jbenton
Philip Elmer-DeWitt / Fortune:
An Apple TV set in 2012?  —  The hardware is the easy part.  The trick is to get Hollywood on board  —  “Apple enters markets to reinvent them,” wrote Piper Jaffray's Gene Munster in a note to clients Tuesday reiterating his oft-repeated conviction that Apple's (AAPL) next big thing is an Apple-branded television set.
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 More News: 
Josh Sternberg / Digiday:
Jim Bankoff's Second Act
Jim Romenesko:
Town apologizes for arresting News & Observer reporter
Eddie Scarry / FishbowlDC:
Operation ‘Butter Up FNC’ in Full Force by Politico
Discussion: TVNewser, Politico and FishbowlNY
Felicia Pride / FishbowlNY:
Good News: More People are Visiting Newspaper Websites
Discussion: NetNewsCheck Latest and MediaPost
David Pierce / The Verge:
Longform iPad app brings the web's best reads into one place (hands-on)
Roy Greenslade / London Evening Standard:
Arrests leave Sun journalists feeling cast off by Rupert
Discussion: Guardian and Jon Slattery
Lucas Shaw / The Wrap:
L.A. Times Revenue Officer Departs (Exclusive)
Discussion: JIMROMENESKO.COM and LAist
Julie Moos / Poynter:
Andrew Beaujon joins Poynter in February as Senior Online Reporter
 Earlier Picks: 
Enrico Campitelli Jr / The700Level:
Philadelphia Daily News and Inquirer Sports Desks to Work Together
Peter Bright / Ars Technica:
Barnes & Noble faces setback in Microsoft antitrust complaint
Discussion: Engadget, FOSS Patents and PC Magazine
Alexander Abad-Santos / The Atlantic Wire:
Time to Ask if Vanity Fair Is Racist (Again)
Tom Cheredar / VentureBeat:
Senate Democrats don't like the idea of a Netflix Facebook app
Laura Hazard Owen / paidContent:
Amazon: Print Book Unit Sales Up; More Content For Prime