Morning Media Newsfeed: News Crews Witness Airstrike | Time Warner Stock Surges

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NBC News Crew Witnesses Gaza Airstrike (TVNewser)
NBC News correspondent Ayman Mohyeldin and his crew witnessed an Israeli airstrike that killed four children at a port in Gaza Wednesday. Mohyeldin, who was also caught in the crossfire as Israeli soldiers fired rubber bullets on crowds in East Jerusalem earlier this month, called in to the West Coast edition of Today to describe what he saw, saying it was “a chaotic scene.” TVNewser Hours later, it was chief foreign correspondent Richard Engel who reported the story for Nightly News. FishbowlDC On Wednesday afternoon’s The Lead With Jake Tapper, the CNN host spoke over the phone with the Wall Street Journal’s Middle East correspondent Nick Casey for what proved to be a very intense interview. Casey was located near where the strike took place. Mashable The four children were killed by Israeli airstrikes that hit in close proximity to al-Deira Hotel, a Gaza City hotel full of foreign journalists. The attack came at around 4 p.m. local time and appeared to be the result of a naval shell. At least two additional children were injured, according to local reports. THR The BBC has defended its coverage of the latest Israeli air strikes in Gaza among accusations that the British public broadcaster is too pro-Israeli in its reporting on the region’s escalating conflict. The conflict has been the subject of extensive BBC news coverage, but a prominent pro-Palestine group claims the broadcaster’s programs have been systematically “entirely devoid of context or background.” The Palestine Solidarity Campaign posted an online open letter to BBC director general Tony Hall criticizing the broadcaster for not illustrating what it considers key aspects of the conflict.

Time Warner Stock Up 17 Percent on News of Murdoch Bid (USA Today)
Shares of Time Warner soared 17.1 percent to end the day at $83.13 after an initial report by The New York Times that Rupert Murdoch of 21st Century Fox had approached Time Warner chairman and CEO Jeff Bewkes. Capital New York Bewkes also told staff Wednesday morning that the board of directors has no intention of selling after 21st Century Fox made public its recent thwarted attempt to acquire the company. Deadline Hollywood Fox said it would pay $32.42 in cash plus 1.531 of its own non-voting shares for each Time Warner share. Directors don’t like the plan, in part because it involves “significant risk and uncertainty as to the valuation of 21st Century Fox’s non-voting stock and 21st Century Fox’s ability to govern and manage a combination of the size and scale of 21st Century Fox and Time Warner.” The board also notes that there would be “considerable strategic, operational and regulatory risks” to a deal. FishbowlNY As part of the offer, 21st Century Fox said it would sell CNN to alleviate any antitrust concerns that arose because Fox News competes with CNN. Reuters If Murdoch succeeds in buying Time Warner Inc and CNN is put up for sale, the 24-hour cable news network could be worth $5 billion, according to one analyst’s estimate. Gabelli & Co’s Brett Harriss said CNN is worth about 11 times annual estimated earnings before interest, taxes, depreciation and amortization (EBITDA) of $450 million.

Amazon May Have eBook Subscription Service in The Works (GalleyCat)
Amazon may be joining the likes of Scribd and Oyster to offer readers unlimited access to eBooks in exchange for a monthly subscription fee, in the same way that Netflix offers access to movies for paying members. Time The so-called “Kindle Unlimited” plan would reportedly cost $9.99 per month. It was first noticed by users on a Kindle forum. Amazon has since wiped most the evidence from its site, but you can still see some of the test pages on Amazon’s site and on Google Cache. GigaOM The service would offer “unlimited access to over 600,000 titles and thousands of audiobooks on any device.” One page, titled “KU Test,” shows 638,416 available titles, and you can browse through them. Among them are many books from Amazon’s publishing imprints, and many books that were already available through Amazon’s Kindle Owners Lending Library, which allows Prime members who own a Kindle to borrow one free eBook per month. That includes the Hunger Games series and the Harry Potter series. USA Today There is no word from Amazon about when the service will launch or even if it will launch at all. The company did not respond to a request for comment.