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7:30 AM ET, July 13, 2012


 Top News: 
Wall Street Journal:
Once a Social Media Star, Digg Sells for $500,000  —  Digg Inc., a social-media pioneer once valued at more than $160 million, is selling for the deeply discounted price of about $500,000, three people familiar with the matter said.  —  The buyer is New York technology development firm Betaworks …
Liz Gannes / AllThingsD:
Betaworks Buys Digg Assets and John Borthwick Becomes CEO  —  The remaining assets of social news aggregator Digg — its site and brand — are being sold to Betaworks, the New York-based technology studio.  Betaworks CEO John Borthwick will become CEO of the new Digg.  —  Outgoing Digg CEO Matt Williams
Alexia Tsotsis / TechCrunch:
Digg Sold To LinkedIn AND The Washington Post And Betaworks  —  Sun Valley and self-driving cars aside, the story of the day today is that social news site Digg has sold its remaining assets for $500K to the NYC-based tech firm Betaworks.  While that number is indeed in the ballpark …
Discussion: Media News and One Man & His Blog
Jenna Wortham / Bits:
Betaworks Buys What's Left of Social News Site Digg  —  For a while, Digg, the social news site, was one of the hottest things on the Web.  But then it fell on hard times as services like Twitter and Facebook emerged and captured the Web's attention.  —  Digg's founders fled to greener pastures …
Dylan Byers / Politico:
Romney camp: Globe story ‘inaccurate’  —  The Mitt Romney campaign is pushing back against today's Boston Globe report which found that, according to SEC filings, Romney served as CEO at Bain Capital until 2002, despite saying that he left in 1999.  —  “The article is not accurate,” …
Erik Wemple / Washington Post:
Globe denies Romney campaign correction request
Discussion: Politico, CNN, Erik Wemple and Mother Jones
Erik Wemple:
Romney campaign will ask Boston Globe for correction of Bain story, aide says [Updated]
Derek Thompson / The Atlantic Online:
The End of TV and the Death of the Cable Bundle  —  People have been predicting the demise of cable television for years.  After this week, they might be right.  —  Two small pieces of news yesterday could make for a big headache for TV.  —  First, Viacom yanked its 19 channels …
Jeff Bercovici / Forbes Real Time:
Viacom and DirecTV Are Both Right, But DirecTV Is Righter
Lucia Moses / Adweek:
Publishers' Online Headache  —  With mobile devices, magazines have more ways than ever to distribute their content—and more ways of getting ripped off.  —  Like the music and movie businesses before them, magazines are getting their own taste of piracy with the spread of tablets and handheld mobile devices.
Discussion: eMedia Vitals
Dan Sabbagh / Guardian:
Bush House ceases BBC broadcasts after 71 years  —  World Service is relocating its remaining language services as part of a merger with the rest of BBC News  —  Seventy-one years of continuous broadcasting from Britain to the world from Bush House in central London has come to an end …
Discussion: and BBC
Joe Flint / Los Angeles Times:
Barry Diller making trouble for broadcasters  —  Barry Diller has reason to smile.  —  Barry Diller still likes to play the role of disruptor.  —  From his early days as a pioneering programmer who struck gold making movies for television to being the architect of the Fox network …
Discussion: Bloomberg
Juliette Jowit / Guardian:
MPs to question BBC executives over high-paid staff  —  Celebrity presenters' wage packets to come under spotlight during investigation into alleged tax avoidance  —  The pay and tax affairs of BBC presenters will be scrutinised by MPs next week when senior executives from the corporation …
Annika McGinnis / McClatchy Washington Bureau:
Congress considers prosecutions of reporters over leaked information  —  WASHINGTON — In response to New York Times stories that relied on leaks of sensitive national-security information, a House of Representatives panel on Wednesday discussed legislation that could allow journalists to be prosecuted for disclosing such information.
Discussion: The Raw Story and Capital New York
Jack Mirkinson / The Huffington Post:
Congressman Trey Gowdy On Leaks: ‘I Thought All Reporters Aspire’ To Go To Jail
Discussion: The Atlantic Wire
Mathew Ingram / GigaOM:
Has Nick Denton really reinvented comments?  —  Gawker Media and founder Nick Denton got a lot of attention earlier this year, including some from us at GigaOM, when the blog network launched a new commenting system called Kinja.  At the time, Denton said he had grown dissatisfied with the state …
Kara Swisher / AllThingsD:
Ross Still Not the Boss (Yet): Yahoo CEO Selection Now Likely to Take Longer Than Many Expect  —  According to multiple sources close to the situation, the selection of a CEO of Yahoo will not be announced today at its annual meeting, as many anticipate.  In fact, sources said …
Los Angeles Times:
Yahoo expected to name Ross Levinsohn as its new chief executive
Discussion: VentureBeat
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 More News: 
Daniel Frankel / paidContent:
Insider: Variety acquisition cost will far exceed a $40M price tag
Discussion: FishbowlLA
Jeff John Roberts / paidContent:
Justice Dept allows FBI anti-piracy seal on books, photos, doodles
Discussion: Techdirt and Politico
Salvador Rodriguez / Los Angeles Times:
NBC launches Olympics apps; one will stream every single event
Discussion: CNET
Jim Romenesko:
Reporter does consulting work for school district while covering it
Discussion: Alexandria Times
Tim Baysinger / Broadcasting & Cable:
CBS Grabs 43 News and Doc Emmy Nominations
Discussion: The Wrap and TVNewser
 Earlier Picks: 
Associated Press:
Lawyer: WikiLeaks wins Icelandic court victory in financial fight against Visa, MasterCard
Alex Weprin / TVNewser:
Howard Kurtz Breaks Exclusive, That AdWeek and TVNewser Broke Two Months Ago
Discussion: The Week, Hot Air and The Daily Beast
Mark Sweney / Guardian:
Elisabeth Murdoch to step back as Shine chief executive
Discussion: The Wrap