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SEC Looking Into United Airlines Stock Glitch

Stock slid hard on bad, old info picked up by automated Google news service

(Newser) - The Securities and Exchange Commission is looking into the recent, but temporary, nosedive in United Airlines stock spurred by the republication of a 6-year-old article about the company’s bankruptcy, the Wall Street Journal reports. The agency has begun a preliminary investigation to see whether any shady behavior was involved,... More »

Daily Show Evolves Into True Force

Serious guests, hard news drive impact on American dialogue

(Newser) - Oh, what a difference eight years makes. The Daily Show struggled with limited access and no respect during the 2000 presidential race, but in this election the show has emerged as “a genuine cultural and political force,” writes Michiko Kakutani in the New York Times. Not only are... More »

Cable Dominates News by Blowing Up Stories

But print reporters dig up the stories that play on TV

(Newser) - Twenty-four-hour cable networks set the news agenda by turning stories "from brushfire to raging conflagration," Paul Farhi writes in the American Journalism Review. Particularly during presidential campaigns, CNN, Fox News, and MSNBC pull stories from newspapers and web sites and make them hot by running them day and... More »

Where Will Jay Go After Tonight?

Comedian may be getting the boot, but tomorrow's looking pretty bright

(Newser) - Jay Leno might be losing his beloved "Tonight Show," writes the Hollywood Reporter, but the host still has a ratings punch and an enviable set of options (in decreasing order of probability):
  1. Take ABC’s 11:30pm-12:30am slot, displacing Nightline and Jimmy Kimmel Live and competing with
... More »

'News Fatigue' Is Symptom of Youth's Shift

Deluge of info has multi-tasking Gen Y less able to go in-depth

(Newser) - Young adults find themselves so inundated with headlines and so distracted by other media that they have trouble consuming the news, the AP reports of a new study. The project followed 18 ethnically diverse 18-34 year olds, and found that though they wanted in-depth news, they had trouble sorting through... More »

Quake Moves Xinhua Past Propaganda

Chinese news agency focuses coverage on victims, not government

(Newser) - Xinhua, the Chinese state news agency, is better known for People’s Republic propaganda than hard-hitting journalism. But in the aftermath of the catastrophic Sichuan earthquake, the Wall Street Journal reports, the agency has published hundreds of up-to-the-minute accounts, many of them on the anguish of the victims and the... More »

Politics Battles Tech for Soul of Digg

Election pulls big traffic —and big discontent among nerderati

(Newser) - With election season in full swing, the political junkies have come for Digg.com, making Hillary, Barack, et. al. fixtures on the social news site. That’s been great for traffic, but it’s also angered the tech nerd early adopters who made Digg a success, CNET reports. At a... More »

Study: Viewers Get News From Daily Show... Not

Jokes funny only if audience is already up on current events

(Newser) - Claims that young people get more news from Jon Stewart's Daily Show than from traditional sources are bunk, a journalism think-tank has concluded after examining a year's worth of episodes. The Project for Excellence in Journalism found that while the comedy show had much of the same content as new... More »

Newspaper Ad Profits Down Despite Increase in Online Ads

Editorial staff cuts loom, classifieds hardest hit

(Newser) - A 21% third-quarter increase in newspapers' online advertising revenues was not enough to offset a print ad spending decline that brought total ad spending down 7.4% to $10.9B. As major newspaper companies grapple with contracting print revenues and declining profits, Gannett's USA Today has announced 8.8% cuts... More »

Oprah Tops List of TV's Biggest Earners—Again

She collected cool $260m; second-place Seinfeld nabbed $60m

(Newser) - Talk show diva Oprah Winfrey continues her reign as the Queen of  Media, topping Forbes' list of 2007's 20 highest earning TV stars with a whopping $260 million. Jerry Seinfeld came in a distant second with $60 million—mostly from residuals. They were followed by Simon Cowell ($45 million), David... More »

CBS Has No Plans to Boot Couric Off News

Show regains hard edge, if not viewers, with makeover

(Newser) - In signing Katie Couric to anchor "CBS Evening News" last year, the network probably didn’t expect ratings to hit historic lows. But CBS is sticking with the underperforming star, according to a network executive, who said it was “the second inning at the latest” in the long... More »

All the Space That's Fit to Sell

Newspapers, fighting to stay alive, turn to their landmark buildings in efforts to raise cash

(Newser) - Newspapers, in an effort to bring in cash and stave off extinction, are selling iconic properties in downtown districts, the Journal reports. The latest example is the Philadelphia Inquirer, whose new owner hopes to net $70 million for its Beaux-Arts tower; the Boston Herald and Minneapolis Star Tribune are also... More »

Couric Will Report From Iraq, Syria

Anchor plans 10-day trip through Mideast before surge report

(Newser) - Katie Couric leaves today for a 10-day trip to Iraq and Syria, where she will cover the war and the turbulent Middle East as the Pentagon's September 15 deadline for a report on Iraq looms. Couric will spend six days in Iraq, twice anchoring "CBS Evening News" live from... More »

Scribe Says Bye to Cool Tabloid

Fell in love with 'parallel universe' of funny stories

(Newser) - Gone is the tabloid that claimed "February Sues for More Days" and "Hide-and-Seek Player Found After 34 Years," but what becomes of its writers? At least one is still missing his calling as an inventor of comedy-news. In Salon, Stan Sinberg recalls how he conceived tall tales... More »

Google Lets News Figures Fire Back

How service will protect against pranksters is unknown

(Newser) - People who want to talk back to the press received a major invitation from Google News yesterday when it announced a plan to post user comments alongside links to news articles, ars technica reports. But only people and groups specifically mentioned in the articles will be allowed into Google’s... More »

Times Will Eliminate Pay Access to TimesSelect

Op-ed columnists to burst out from behind firewall

(Newser) - The New York Times will shut down TimesSelect, the pay section of its website that keeps columnists such as Maureen Dowd and Frank Rich beyond the reach of the great unwashed. The fate of the $7.95-a-month subscription service sparked hot debate among publisher Arthur Sulzberger Jr. and other Times ... More »

And He's Not Going to Take It Anymore

'Mad Money' madman Cramer snaps, beseeches Bernanke to cut rates

(Newser) - In YouTube's most watched video today, CNBC's Jim Cramer blasts Fed chairman Ben Bernanke for signaling that he won't cut interest rates, calling the present stay-the-course market situation "Armageddon." As his dumbfounded interlocutor looks on, the "Mad Money" host pounds the table and thunders that the "... More »

Why the Whims of Matt Drudge Move the Media

And why the 'idiot with a modem' now lives in a $1M condo

(Newser) - Every day journalists in newsrooms across the country hope, pray and scheme to enhance the chances that one man will notice their breaking news. That man, Matt Drudge, controls Internet traffic so vast that a mention drives hundreds of thousands of readers to a single story. The same MSM types... More »

LA Mayor's Reporter Lover Suspended

'Conflicted' newscaster covered his divorce

(Newser) - A Telemundo reporter who covered the Los Angeles political beat while having an affair with Mayor Antonio Villaraigosa has been suspended for two months without pay. Mirthala Salinas' involvement with the then-married mayor was an open secret at the station when she broadcast the breakup of his 20-year marriage. Media... More »

News Anchor Shreds Script, Hailed as Hero

MSNBC journalist's refusal to read Hilton story wins cyber fan

(Newser) - Bloggers, who normally revel in afflicting TV news anchors, have made one a star. MSNBC newsreader Mika Brzezinski won legions of fans in the blogosphere when she refused, despite prodding from her co-hosts, to read a news item about Paris Hilton Wednesday morning, and then shredded the script. “I... More »

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