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7:15 PM ET, May 12, 2015

Mediagazer

 Top News: 
Kara Swisher / Re/code:
Sources: AOL in talks to spin off HuffPost, primarily with Axel Springer, at a valuation over $1B  —  AOL Has Been in Talks to Spin Off HuffPost as Part of Verizon Acquisition Deal  —  According to numerous sources, while it has been negotiating its deal to sell to Verizon …
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Ingrid Lunden / TechCrunch:
Internal memo from AOL CEO Tim Armstrong on Verizon takeover  —  In Big Media Push, Verizon Buys AOL For $4.4B [Memo From AOL CEO Tim Armstrong]  —  So this just happened.  AOL, owner of TechCrunch, is getting acquired: U.S. carrier Verizon said in a statement that it is buying the company for $4.4 billion, or $50 per share.
Verizon:
Verizon to acquire AOL at $50 per share at an estimated total value of $4.4B, Tim Armstrong to continue leading AOL operations  —  Verizon to Acquire AOL  —  Deal Creates Unique and Scaled Digital Media Platforms for Consumers, Advertisers and Partners  —  NEW YORK - Taking another significant step …
BuzzFeed:
Sources say Verizon has no plans to spin off AOL's editorial properties including TechCrunch and Engadget, with Huffington Post's future less certain  —  Verizon Likely To Retain TechCrunch And Engadget  —  Sources say Verizon has no plans to spin off the tech blogs once the $4.4 billon acquisition is approved.
Alex Kantrowitz / AdAge:
Ad-Tech, not Content, Is King in the Verizon-AOL Deal  —  Takeaways From This Morning's Announcement  —  The deal of the year may be upon us.  —  Today, Verizon announced it has reached an agreement to buy AOL for $4.4 billion.  The move, expected to be completed this summer …
Anthony Ha / TechCrunch:
AOL CEO Tim Armstrong says he signed multiyear contract with Verizon, and “we're really interested in staying in the content business”  —  CEO Tim Armstrong Says AOL Is Staying In The Content Business (And He's Not Selling TechCrunch)  —  It was an interesting day at AOL.
Dennis K. Berman / Wall Street Journal:
Verizon's AOL acquisition suggests its telecom carrier empire is crumbling more than it shows the power of the physical network  —  Verizon-AOL: A War of All Against All  —  Surprising deal suggests a crumbling empire more than it shows the power of the network
Brent Lang / Variety:
AOL Shares Surge 18% After Verizon Deal
Justin Ellis / Nieman Lab:
Knight Foundation invests $1 million in creator-driven podcast collective Radiotopia  —  A little over a year ago, a group of public radio-minded podcast producers banded together with an idea: to combine their powers to grow a shared audience and develop a better business model for fledgling audio entrepreneurs.
T. Rees Shapiro / Washington Post:
University of Virginia associate dean Nicole Eramo files defamation suit against Rolling Stone, seeks $7.5M in damages over retracted rape story  —  U-Va. dean sues Rolling Stone for ‘false’ portrayal in retracted rape story  —  WUVA online, a student-run media outlet, interviewed Nicole Eramo …
Marisa Guthrie / Hollywood Reporter:
ESPN President John Skipper on Bill Simmons: “It Was Business”  —  The chatter at ESPN's upfront presentation Tuesday morning centered on Bill Simmons, conspicuously absent since ESPN president John Skipper abruptly announced Friday that he would not renew Simmons' contract.
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Alex Weprin / Capital New York:
ESPN president John Skipper says network will continue to support Grantland after Simmons' departure “at the same level both financially and staff-wise”
Discussion: Broadcasting & Cable
Lloyd Grove / The Daily Beast:
In first public comments on Brian Williams. NBC News Chief Andy Lack promises resolution “soon”  —  NBC News Chief Andy Lack: 'We're Playing Hurt' Over Brian Williams  —  In his first public comments about the saga, NBC News chief Andy Lack acknowledged the damage done to the network by the Brian Williams scandal.
RELATED:
Jordan Chariton / The Wrap:   Tom Brokaw Says Media Is ‘Completely Wrong’ About His Feelings on Brian Williams Controversy
Nic Christensen / mUmBRELLA:
Wall Street Journal's head of global media sales, Trevor Fellows, downplays revenue potential of branded content, citing its difficulty to produce at scale  —  Wall Street Journal sales boss: Branded content will never be a dominant revenue source  —  Fellows speaking at the INMA World Congress
Kevin Roderick / LA Observed:
LA Times Pulitzer winner Jeff Gottlieb's farewell memo to colleagues hints at dissatisfaction amongst newsroom staff  —  LA Times Pulitzer winner exits an unhappy camper  —  Jeff Gottlieb, center, with LA Times reporters Paloma Esquivel and Ruben Vives in 2011.  Photo: Knight Fellowships
Mother Jones:
Mother Jones names Monika Bauerlein Chief Executive Officer; Clara Jeffery, Editor-in-Chief  —  Phone Number:  —  415/321-1700  —  Today Mother Jones announced a change in leadership as its co-editors, Monika Bauerlein and Clara Jeffery, take on new roles.  Bauerlein will become CEO while Jeffery becomes editor-in-chief.
Erik Wemple / Washington Post:
New questions about bin Laden's death and burial highlight lack of attribution in earlier Vanity Fair reporting  —  Why didn't Vanity Fair tell readers it hadn't seen bin Laden burial photos?  —  Investigative reporter Seymour Hersh has shaken Washington with a massive piece, titled …
RELATED:
Jason Abbruzzese / Mashable:
New report by veteran journalist Seymour Hersh on Osama Bin Laden's death prompts doubt, conflicting reports, and a partial NBC confirmation
 
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 More News: 
Wall Street Journal:
U.S. Authorities Near End of AT&T-DirecTV Review, Unlikely to Block Deal
Discussion: Reuters
Elizabeth Spayd / CJR:
Columbia J-School asks students to produce May/June issue of CJR on experimental journalism
Jordan Chariton / The Wrap:
Turner Shakeup: Doug Shapiro Named Head of Strategy, Network Searches for PR Chief
Nathalie Tadena / Wall Street Journal:
Report finds Google is still the largest media owner; 136% bigger than the second-largest, Disney, up from 115% last year
Kristen Hare / Poynter:
Associated Press curates stories in book form, including current and historical news, has published 18 paperbacks and e-books since March
 Earlier Picks: 
Brian Flood / Adweek:
ESPN to announce deal with Cablevision that lets advertisers access multiscreen audience data
Discussion: Light Reading and FierceCable
BBC:
Secular blogger Ananta Bijoy Das hacked to death in Bangladesh, in third such attack this year
David Weinberger / Slate:
NPR opens API to authorized developers to build device-specific versions of NPR One streaming player
Discussion: @fkbarrett, NPR.org and RAIN News
Brendan Klinkenberg / BuzzFeed:
Instagram says it erred in shutting down The Shade Room, a TMZ-style publication that had 700k followers
Joe Pinsker / The Atlantic:
Interview with Sarah Alvarez, founder of Pilotwire, a project that caters to low income news consumers