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10:35 PM ET, October 24, 2012


 Top News: 
Ryan Chittum / CJR:
Newsweek and the (relative) health of print mags  —  News that Newsweek is exiting print was hardly surprising coming two years after the Washington Post Company unloaded it for a dollar.  —  But these numbers struck me while reading this Financial Times story on the news:
Joe Pompeo / Capital New York:
Barry Diller: ‘Newsweek’ cuts to be as ‘spare’ as possible  —  Barry Diller and Tina Brown: all bold plunges and ‘mistakes.’  —  On this morning's IAC third-quarter earnings call, company chairman Barry Diller addressed last week's bombshell news that Newsweek will eliminate its print edition starting in 2013.
Discussion: The Wrap and NetNewsCheck Latest
Brent Lang / The Wrap:
IAC Quarterly Earnings Reveals Why Newsweek is Ending Print Run  —  IAC/InterActiveCorp, the media conglomerate behind web properties like and, bested Wall Street's expectations Wednesday, as operating profits and revenue jumped during its most recent fiscal quarter.
Discussion: The Awl, Vanity Fair and Forbes
Jim Romenesko:
New York Times union sends another letter to publisher Arthur Sulzberger  —  A letter that New York Times union members will be delivering tonight to publisher Arthur Sulzberger says “the company's negotiating goal of sub-inflation raises would perpetuate an era of shrinking compensation” and “would have a withering effect on morale.”
Jim Romenesko:   New York Times union members use Twitter to ‘engage the public’ in contract battle
Joe Pompeo / Capital New York:
‘Times’ union stages ‘informational’ picket as incoming C.E.O. comes under scrutiny
Emil Protalinski / The Next Web: shuts down iOS apps to focus on Digg, blames new Twitter requirements  —, the social news service built on top of Twitter (and Facebook), today announced it is killing its curation apps for iPhone and iPad.  The company is blaming Twitter for the move and says it wants to focus on its Digg efforts instead.
Charlie Warzel / Adweek:
MIT Technology Review Relaunches ‘Digital-First’  —  Some 20 weeks before Newsweek set the media into a frenzy with its announcement of a digital-first publishing strategy, Jason Pontin was already grappling with how to move his 113-year-old publication toward a digital future.
Cahal Milmo / The Independent:
CNN increasingly twitchy over Piers Morgan's tabloid past as phone hacking scandal spreads to Daily Mirror  —  Ever since he left The Daily Mirror under a cloud in 2004, Piers Morgan has gone to some lengths to put his newspaper days behind him.  As if to emphasise his credentials …
Discussion: Business Insider, CNN and Reuters
New York Times:
Mark Thompson Says He Did Not Block BBC Savile Program  —  Mark Thompson, the former head of the British Broadcasting Corporation who has been drawn into the scandal involving allegations of sexual abuse against the former television personality Jimmy Savile, reiterated in an interview …
Kate Holton / Reuters:   Thompson says he has NYT's support after BBC scandal
Erik Wemple / Washington Post:
Obama campaign and Des Moines Register: A form of quote approval  —  The media news burst of the morning springs from the Web site of the Des Moines Register.  The Obama campaign, without comment, released a transcript of an extensive discussion that it held yesterday with Laura Hollingsworth …
Discussion: Politico and Mediaite
Harrison Weber / The Next Web:
Wikipedia rolls out a completely redesigned mobile site, with an emphasis on type and readability  —  Wikipedia is now officially rolling out a redesigned mobile site to users globally this week, following testing on its experimental Beta site.  —  As Wikipedia explains …
Rebecca Greenfield / The Atlantic Wire:
Reddit Thinks It Can Handle Its Creep Problem Better Than the Internet  —  After the last two weeks of Internet outrage, the creeps on Reddit are still posting inappropriate photos, including ones of minors, and the Reddit powers that be would like to take it from here.  That, Reddit says, it would like to deal with itself.
Discussion: Jezebel
Janko Roettgers / GigaOM:
Does online video need to be local?  This startup thinks so.  —  Detroit-based Glocal came out of beta Wednesday with big ambitions: The website wants to be to local video what Hulu is to TV shows.  “Online local video really doesn't have a space besides YouTube,” Glocal President Lincoln Cavalieri told …
Discussion: Mashable! and SocialTimes
Ecuador concerned for health of Julian Assange  —  Ecuador is worried about the health of WikiLeaks founder Julian Assange and has asked Britain to guarantee him safe passage from its London embassy to hospital if he needs medical treatment, a senior Ecuadorean diplomat said in Moscow.
Discussion: Betabeat
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 More News: 
Paul Sawers / The Next Web:
Audioboo founder Mark Rock makes way for a new CEO, as the social audio platform passes 1 million ‘Boos’
Chris Roush / Talking Biz News:
Another longtime biz journalist leaves Reuters
Dylan Byers / Politico:
Exclusive: Fast and Furious whistleblower sues Time Inc. for libel
Katherine Rushton / Telegraph:
Guardian moves towards compulsory job cuts
Paul Sawers / The Next Web:
GNM taps Rightster to launch Guardian Select Video, a syndication portal to monetize digital video
 Earlier Picks: 
Netflix shares drop after it cuts subscriber forecast
Erik Gruenwedel / Home Media Magazine:
The Mystery Surrounding Declining Hulu Viewership
Mathew Ingram / GigaOM:
Journalism and the truth: More complicated than it has ever been
Discussion: Forbes and The FJP