In case you missed it — Joe Scarborough spent about 20 minutes on Thursday morning bringing a baseless complaint against the New York Times.

Also: What’s going to happen to the “I read x number of newspapers per day” boast if all those newspapers shrink their printing schedules?


*Think the Guardian is a vibrant newspaper property based on all of its scoops and its digital chops and all of that? That would be a mistaken impression:

The newspaper, its Sunday sister, the Observer, and their digital operations recorded operating losses (before tax and exceptional items) of nearly £37m in the year to April 2011, up from £32.5m the previous year. A still bigger loss is expected to be announced for 2011-2012. Andrew Miller, chief executive of the paper’s parent company, Guar­dian Media Group, warned staff in 2011 that the company “could run out of cash in three to five years” and repeated in February this year that the financial position was “not sustainable”.

Thanks to technological change and a prolonged recession, all newspapers face falling sales, declining revenues and an uncertain future. The Guardian’s position, however, is unusually critical. Its chief source of advertising income — public-sector job vacancies — has collapsed, wiping out an annual £40m in revenue.

*Limits! What happens when a provider gives readers an “incredibly bounded set of content”?

*Things aren’t the way they used to be, writes Sally Quinn in the Washington Post.

*The Boston Herald questions the funding of MassINC and its publication, CommonWealth magazine:

What business do public agencies, funded through taxpayer dollars or fees, have spending that money on the care and feeding of a think tank and its publication?

For example, does the Massachusetts Technology Collaborative have nothing better to do with the $210,000 it has given to MassINC?

*News orgs get fooled by hoax video of a party thrown by Shell oil.

*El Huffington Post, of Spain, is causing some controversy over there:

The Huffington Post’s model of collaborating with unpaid bloggers to produce much of its content has produced some controversy in Spain. El Confidencial reports on a statement made by the Press Association of Madrid, which read “we maintain that journalists have to be paid for their work.” The Association objects that the Huffington Post “is going to monetize the content, but the journalists won’t see a euro.” The hashtag #gratisnotrabajo (I don’t work for free) is being used to discuss the issue on Twitter.

*Former Washington Post executive editor Leonard Downie Jr. laments the state of investigative reporting:

We continue to live in perilous times, making investigative journalism as essential to our democracy as the Watergate stories were. However, the impact of digital media and dramatic shifts in audience and advertising revenue have undermined the financial model that subsidized so much investigative reporting during the economic golden age of newspapers, the last third of the 20th century. Such reporting remains a high priority at many financially challenged papers, which continue to produce accountability journalism that matters to their communities — but they have far fewer staff members and resources to devote to it. Meanwhile, much of the remaining investigative reporting on television stations and networks, which also are struggling to maintain audience and revenue, consists of consumer-protection and crime stories that drive ratings.

*Jon Stewart’s “Daily Show” goes really deep on the financial crisis and the dynamics of risk taking: