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12:30 PM ET, December 16, 2014


 Top News: 
New York Magazine:
An Apology to Our Readers  —  An Apology to Our Readers  —  In the most recent edition of New York, its annual Reasons to Love New York issue, the magazine published a story about a Stuyvesant High School senior named Mohammed Islam, who was rumored to have made $72 million trading stocks.
Ken Kurson / The New York Observer:
EXCLUSIVE: New York Mag's Boy Genius Investor Made It All Up  —  It's been a tough month for factchecking.  After the Rolling Stone campus rape story unraveled, readers of all publications can be forgiven for questioning the process by which Americans get our news.
Nicole Levy / Capital New York:
NYT layoffs begin today, already exceeds goal of 100 newsroom positions eliminated  —  Layoffs begin today at The New York Times  —  Job cuts at the New York Times will exceed the stated goal of 100 newsroom positions eliminated, the Newspaper Guild of New York said yesterday in a memo to union members.
Nicholas White / Mediashift:
How the Daily Dot Relaunched the Kernel as a Sunday Magazine  —  At the beginning of this year, the Daily Dot acquired the U.K.-based Internet tabloid the Kernel.  What has resulted is an experiment in Internet journalism, and a rebuttal to common conceptions of what you can and can't do online.
Brian Flood / TVNewser:
NBC News launches citizen journalism app Stringwire to crowdsource video content  —  Everyone is a Newser with NBC News' Stringwire App  —  In the final season of HBO's “The Newsroom,” the ACN senior staff can't stand the thought of crowed-sourced video taken by anyone who whips out a smart phone at the opportune time to record news.
Discussion: @stringwire and FishbowlNY
Bruce Houghton / hypebot:
Bose Is Building Their Own Streaming Music Service  —  Audio manufacturer Bose is hiring staff and moving “quickly” to build and launch its own “next generation streaming music platform”.  While Bose could integrate their music service within their own audio products, the company still faces very steep competition.
Peter Kafka / Re/code:   Warner Music's CEO advocates for paid services as streaming revenue rises 74% in last 12 months while download sales dropped by 12%
Nicole Levy / Capital New York:
Former Politico deputy managing editor Gregg Birnbaum joins New York Daily News as managing editor and head of political content  —  Gregg Birnbaum joins New York Daily News  —  Gregg Birnbaum, who announced yesterday on Twitter he was stepping down as deputy managing editor at POLITICO …
Discussion: The Huffington Post
Ruth Reader / VentureBeat:
Time now accepts Bitcoin for subscription payments  —  Major magazine publisher Time Inc. just announced a partnership with Bitcoin wallet Coinbase that will enable the company to accept Bitcoin payments.  —  As of today's launch, Fortune, Health, This Old House and Travel + Leisure …
Discussion: Business Wire, Poynter and CoinDesk
Kevin M. Gallagher / The Daily Beast:
After over two years in jail, journalist and Anonymous advocate Barrett Brown faces sentencing Tuesday on charges stemming from Stratfor hack  —  Sentencing Looms for Barrett Brown, Advocate for “Anonymous”  —  Barrett Brown could face almost 10 years in prison on criminal hacking charges …
Tom Huddleston Jr. / Fortune:
Vice Media sees ‘deal spree’, possible IPO on horizon  —  CEO Shane Smith says his company “would be stupid” to not consider an IPO.  Vice Media CEO Shane Smith says the millennial-focused digital news company is eyeing a “deal spree” next year in prelude to an eventual IPO, according to the Financial Times.
James Bradshaw / Globe and Mail:
David Carr: All the views he's fit to print  —  “'Hey boss.”  —  This is the first time I've met David Carr, the weathered and worn, witty and sometimes caustic media critic for The New York Times.  But he greets me like an old pal as he slides into a corner table at Casa Nonna …
Discussion: @nickbilton and @jembradshaw
Ryan Faughnder / Los Angeles Times:
Sony Pictures CEO Michael Lynton to staff: Hackers 'won't take us down'  —  The top executives from Sony Pictures Entertainment, still reeling from a cyberattack that crippled the studio three weeks ago, assured employees Monday that the company would survive.
Eugene Volokh / Washington Post:
Sony unlikely to prevail in court if it sues media organizations for publishing stolen data
Discussion: Hollywood Reporter and Hit & Run
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 More News: 
Thomas Heath / Washington Post:
Time Inc.'s Norman Pearlstine, an old-media lion, drives magazines into the digital age
Discussion: FishbowlNY
David Roman / Wall Street Journal:
Spain's Publishers Brace for Google News Shutdown
Discussion: The Drum
 Earlier Picks: 
Mathew Ingram / Gigaom:
There's never been a better time to run a niche media business
Harrison Weber / VentureBeat:
HBO Go is now available on Amazon's Fire TV, coming to the Fire TV Stick in spring
Mat Honan / Wired:
An inside look at First Look Media's The Racket before it collapsed