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News Corp acquires 'social news agency' Storyful
December 20th, 2013
11:42 AM ET

News Corp acquires 'social news agency' Storyful

By Brian Stelter, CNN

Just how important are social media and online video to the futures of old-line newspaper companies? Consider this: Rupert Murdoch's News Corp just spent $25 million to acquire a startup it calls a "social news agency."

The five-year-old startup, called Storyful, identifies, verifies and shares news videos and photos - often from eyewitnesses at the scenes of breaking news - that pop up on Web sites like YouTube and Facebook.

News Corp (NWS) and many of its news media rivals use Storyful to find worthwhile videos and obtain the rights to republish them. They also get guidance from Storyful about what videos are fake or misleading - thereby helping news organizations avoid embarrassing mistakes.

"We discover and verify the most valuable content on the social web," Mark Little, the chief executive of Storyful, wrote in a blog post. "We help the world tell its stories in the first person."

Read more of Brian's article here.

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Filed under: News Corp • Reliable Sources
Katie Couric to end daytime television show
December 20th, 2013
10:29 AM ET

Katie Couric to end daytime television show

By Brian Stelter, CNN

Katie Couric's days in daytime are almost over.

The television personality, once beloved as the co-host of NBC's "Today" show, said Thursday that she would not continue her daytime talk show, "Katie," after the current television season ends in the summer. The announcement reflected the fact that her show, while successful by some measures, had fallen short of the high expectations that Couric and others had set for it.

Couric and the company that syndicated "Katie," the Disney-ABC Television Group, said they had "mutually agreed" not to continue the show.

Once depicted, if not by Couric and Disney (DIS,Fortune 500) then by the press, as a logical successor to "The Oprah Winfrey Show," "Katie" suffered from behind-the-scenes disagreements about content. Couric, for example, was said to want a more topical, news-oriented hour of television, while Disney executives wanted softer subject matter that was more in line with other daytime programming.

Read more of Brian's article here.

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Filed under: Katie Couric • Reliable Sources