Morning Media Newsfeed: Murdoch Withdraws Time Warner Bid | New Leaker Emerges

[emailonly]{{{ sbox300x250 }}}[/emailonly] Click here to receive Mediabistro’s Morning Media Newsfeed via email.

After Pushback, Murdoch Abandons Fox’s Pursuit of Time Warner (NYT / DealBook)
At 4:07 p.m. Tuesday, the chief executive of Time Warner Inc., Jeffrey L. Bewkes, received an unexpected email. “On behalf of our board and senior management team, I am writing to inform you that we are withdrawing our offer to acquire Time Warner, effective immediately. Sincerely, Rupert Murdoch.” A hand-delivered letter bearing the same message arrived soon after. TVNewser In short, Murdoch’s 21st Century Fox withdrew its bid for Time Warner, CNN’s parent company. FishbowlNY Early last month, word leaked that Murdoch’s bid of $80 billion was rejected, which raised speculation that he’d try everything in his power to make it happen. Instead, the opposite has occurred. Politico / Dylan Byers on Media Subsequent reports speculated that Murdoch, dogged in his pursuit of an acquisition, would consider upping the offer by as much as $13.5 billion. Had such a deal gone through, it would have merged the country’s top-two cable providers, giving Murdoch control of several top-rated cable networks, including TNT, Fox News, TBS and Cartoon Network. WSJ Fox cited both Time Warner’s unwillingness to “engage with us” and a sharp drop in Fox’s stock price which made a deal “unattractive to Fox shareholders.” Fox’s stock had fallen about 11 percent since news broke last month that it had made a takeover offer for Time Warner, valued at $85 a share.

New Leaker Disclosing U.S. Secrets, Government Concludes (CNN)
The federal government has concluded there’s a new leaker exposing national security documents in the aftermath of surveillance disclosures by former NSA contractor Edward Snowden, U.S. officials said Tuesday. Politico / Dylan Byers on Media That leaker is apparently behind the latest story from The Intercept, the Glenn Greenwald-run digital magazine, exposing how much the U.S. terrorist database has grown and how few of those people are connected to any known terrorist group. The classified documents were prepared by the National Counterterrorism Center, which also spoiled the scoop for The Intercept by tipping off The Associated Press. HuffPost To spoil a scoop, the subject of a story, when asked for comment, tips off a different, typically friendlier outlet in the hopes of diminishing the attention the first outlet would have received. Tuesday’s AP story was much friendlier to the government’s position, explaining the surge of individuals added to the watch list as an ongoing response to a foiled terror plot. Mediaite Tellingly, Jeremy Scahill, the author of the Intercept piece, cites documents from the National Counterterrorism Center published in August of 2013 — long after Edward Snowden, the man responsible for the biggest intelligence leak in U.S. history, had fled the country for Russia. Greenwald hinted back in July that there was likely another leaker in the federal government. At this point, the U.S. government doesn’t know who it is, but told CNN that they were “investigating” the source of the leaks.

Greg Coleman Named President of BuzzFeed (FishbowlNY)
Greg Coleman, former president of The Huffington Post, has been named the new president of BuzzFeed. Coleman most recently served as president of the advertising tech company Criteo. Coleman will also hold a seat on BuzzFeed’s board. NYT Coleman will start this week and replaces Jon Steinberg, the company’s previous president, who left to become chief executive for the British tabloid The Daily Mail as it pushes into the U.S. TheWrap Coleman, whose resume also includes stints as an executive at Yahoo! and AOL, will also hold a seat on the company’s Board of Directors. Based in New York, he will be tasked with the management and growth of all aspects of BuzzFeed. WSJ / CMO Today BuzzFeed hopes Coleman can help ramp up its ad business, particularly among big global brands looking to tackle the mobile and social Web, said Jonah Peretti, BuzzFeed’s founder and CEO.