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Morning Media Newsfeed: Newsweek for Sale | News Corp Cuts Coming | De Rosa Joins Circa


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IAC Seeking Buyers for Newsweek (Variety)
Newsweek appears to be on the block — again. According to sources who have been briefed, IAC is sending out inquiries to prospective buyers who may be interested in purchasing the 80-year-old title, which ended weekly publication of its domestic edition late last year in favor of a digital-only format. A revamped Newsweek.com launched earlier this month. Adweek At this point, Newsweek’s decline and predicted demise are well-trod ground. The once-venerable Newsweek used to have a circulation topping 3 million, but had fallen to less than half of that when it went digital-only this year. The move would save IAC money and enable Newsweek to make good on the copies it owed subscribers (Newsweek carried a $30 million circulation liability), but no one in their right mind expected a paid, digital magazine to be a viable option. Politico / Dylan Byers on Media In April, Diller said he regretted buying the magazine. “‘I wish I hadn’t bought Newsweek, it was a mistake,” he told Bloomberg TV. He also said he did not have “great expectations” for the digital version, which, like The Daily Beast, is edited by Tina Brown.

News Corp Promises ‘Relentless’ Cuts at Newspapers (Reuters)
Robert Thomson, chief executive of the new News Corp, said there will be “relentless” cost cuts in store for the newspaper business as it prepares to separate from Rupert Murdoch’s entertainment empire. The cornerstone of the company will be its balance sheet — more than $2 billion in cash — to buffer the company and appease investors in the long term. The new News Corp, as it will be known on June 28, will be “relentless” in cost cutting, said Thomson, who remained bullish about the business. JimRomenesko.com News Corp publishing group CEO Robert Thomson, in a memo: “Today we are unveiling a new logo that will be our emblem for this future. The name is historic and the script is based on the writing of Rupert and his father, who have provided us all with not only a name, but a remarkable professional platform.” FishbowlNY News Corp has decided that with the split fast approaching, it was time for a new logo.

Circa Hires Anthony De Rosa Away From Thomson Reuters to Expand Its Editorial Ambitions (paidContent)
Circa, the San Francisco-based startup that creates news summaries for mobile users, says it has hired Thomson Reuters social media editor Anthony De Rosa as its new editor-in-chief to expand its journalistic reach. Circa co-founder and CEO Matt Galligan said in an interview before the announcement that De Rosa will be building out the company’s editorial team, which will be based in New York rather than San Francisco, where the rest of the startup is headquartered. Circa Blog Anthony De Rosa: “There’s a huge opportunity to present news in a way that’s made for mobile. Nobody is thinking about this more than Circa and I’m thrilled to help move that mission forward. Matt and David have a proven record of success and I feel like we have a shared vision for transforming the traditional article format.” FishbowlNY Circa is a startup that offers news summaries for smartphones. 10,000 Words De Rosa will be joining a team of 12 editors who are situated all across the globe. The company is currently working on version 2.0 of its iPhone app and expected to release an Android app to be released in the fall.

U-T Ends Publishing The Californian Section (U-T San Diego)
U-T San Diego announced Tuesday that it will no longer publish The Californian, a daily section that covered Temecula and southern Riverside County. When the U-T acquired The North County Times in September 2012 from Lee Enterprises for $11.95 million, The Californian was part of the deal. FishbowlLA Meanwhile, according to the Twitter feed of 1090 AM Sportsradio San Diego morning host Lee Hacksaw Hamilton, who kept a close watch on developments he dubs “Black Tuesday,” there were also layoffs today at the U-T San Diego end.

Wall Street Journal to Launch A Social Network (The Times of London)
The Wall Street Journal is expected to launch a social network in the coming months that will compete with LinkedIn as a platform for “like-minded people” to share ideas. Also, a new Dow Jones personal messaging system is in the works to take on Bloomberg.

Morgan Spurlock’s CNN Series to Debut June 23 (HuffPost)
Morgan Spurlock’s new series on CNN will debut June 23, the network announced on Tuesday. Inside Man, an eight-week series, will feature Spurlock exploring issues like migrant farm workers, the elder care industry, union workers, gun owners, education, bankruptcy and the drought. The debut was originally scheduled for April, around the time of the premiere of Anthony Bourdain’s Parts Unknown, but was delayed.

Singapore to Regulate Yahoo!, Other Online News Sites (Reuters)
Websites that regularly report on Singapore including Yahoo! News will have to get a license from June 1, putting them on par with newspapers and television news outlets, in a move seen by some as a bid to rein in free-wheeling Internet news.

New York Times Considered Atlantic‘s Molly Ball for National Political Job; Approached Politico‘s Maggie Haberman (HuffPost / The Backstory)
The New York Times beefed up its politics desk Thursday by hiring Politico‘s Jonathan Martin as national political correspondent, but according to The Huffington Post, some female editors were considered including Molly Ball and Maggie Haberman.

Study: One-Quarter of Tablet Owners Prefer Digital Magazines Over Print (Folio:)
Digital publishing consultancy Mequoda Group released results of a recent survey that examined the usage and content consumption of tablet owners. According to the survey, the 1,293 respondents are fairly spendy and a significant portion engage with digital magazines on a monthly basis.

Larry King Joins Russian Channel RT (Politico / Dylan Byers on Media)
Larry King, the veteran television host, has joined RT, the Russian-based 24-hour cable news network. The new show, called Politics with Larry King will debut in June. RT will also host Larry King Now, the show King launched on Hulu in July 2012. The programs will be recorded in Los Angeles and Washington.

New York Times Magazine Is Looking Into Questions Raised About Plane Drama Essay (JimRomenesko.com)
During a chat with readers Tuesday, the Washington Post‘s Gene Weingarten raised questions about the May 19 New York Times Magazine “Lives” essay, “The Plane Was About to Crash. Now What?” Weingarten writes, “Everything about how this story is presented raises red flags in my mind.”

Is Marty Baron The Man to Fix The Washington Post? (National Journal)
The paper’s new executive editor avoids new-media buzzwords, abhors self-promotion, and espouses traditional journalistic values. In a changing world where Web is swiftly displacing print, is that what the Post needs?

The New York Times Experiments With Native Advertising… on Two Wheels (Nieman Journalism Lab)
I’m not even sure “native advertising” is the right term, exactly; sponsored content works too. But whatever you call it, The New York Times just released an update to its New York City things-to-do app The Scoop that includes a new feature: real-time information on the location and capacity of nearby Citi Bike stations. But instead of this being an editorial product — like the rest of The Scoop’s listings of restaurants, coffee shops, and the like — the bike-finding map carries a “Sponsored” label.

Another Blog Platform, Automattic, Joins Tumblr in The $1 Billion Valuation Club (Business Insider)
Last week, Tiger Global led a $50 million round of investment in Matt Mullenweg’s seven-year-old digital publishing company, Automattic. Automattic is the parent company of WordPress.com, which lets individuals and even companies such as TechCrunch create and host blogs.

Arrested Development Pirated More Than 100,000 Times in 24 Hours (THR / Hollywood, Esq.)
Less than a month ago, Netflix’s chief content officer Ted Sarandos said that BitTorrent traffic drops as Netflix traffic grows. The revival of Arrested Development has been enjoyed by many people who don’t subscribe to Netflix. Within 24 hours of the show’s Sunday premiere, it had been downloaded more than 100,000 times, according to Ernesto Van Der Sar (real name: Lennart Renkema), the editor of TorrentFreak who monitors activity on torrent sites.

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