Morning Media Newsfeed: Newsweek Controversy | Mexico Moves on Telco | NJ President Out

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Controversy Marks Newsweek’s Comeback (The Associated Press)
A mystery man. A splashy reveal. A media frenzy. Newsweek staked its return from the dead Friday on a story it knew would get attention. A cover story claiming it had uncovered “the face behind Bitcoin,” the world’s most popular digital currency. Twenty-four hours after identifying Bitcoin’s creator as a 64-year-old former defense contractor employee living in Los Angeles, the controversy over whether or not Newsweek had outed the right man was so furious that Newsweek reporter Leah McGrath Goodman made the rounds on Bloomberg TV and CBS Morning News to defend her reporting against Dorian Nakamoto’s denials that he is the father of Bitcoin. Mashable For the first few hours after the article was published online Thursday, Newsweek enjoyed the kind of attention that most publications would kill for. The Bitcoin story dominated the conversation on social media; 700,000 readers had viewed it as of 5 p.m. ET on Thursday. It went on to top 1 million views. FishbowlNY Within the first few hours of the story’s release, however, Nakamoto emerged to deny any involvement with the digital currency, prompting a media frenzy. In a two-hour interview with the AP Thursday, Nakamoto denied having any involvement in Bitcoin, and the only reason he had ever heard of it was because a Newsweek reporter contacted his son three weeks ago. Nakamoto also said that during a brief interview at his home, McGrath Goodman misunderstood him (English isn’t Nakamoto’s first language). Politico / Dylan Byers on Media The account that created Bitcoin in 2009 has also suggested that the Newsweek story is inaccurate: “I’m not Dorian Nakamoto,” said the account holder, whose online name is Satoshi Nakamoto, according to USA Today. Newsweek In a statement released Friday, Newsweek defended the story: “Goodman’s research was conducted under the same high editorial and ethical standards that have guided Newsweek for more than 80 years. Newsweek stands strongly behind Goodman and her article”

New Rules to Reshape Telecom in Mexico (NYT)
In a ruling intended to break virtual monopolies in Mexican telecommunications and television broadcasting, a recently created regulator issued tough new conditions for two of the country’s largest companies, the wireless carrier América Móvil and the media company Televisa. Variety Mexico’s new trust-busting TV-telco watchdog, the Federal Telecommunications Institute (IFT), announced Friday it had authorized the launch of two new free-to-air broadcast networks in Mexico. Exacerbated by yet more anti-trust rulings, the historic act of deregulation, though largely factored in by the market, is a significant blow for the companies. Reuters The IFT detailed the bidding process for concessions to create the two new national television networks Friday. The new networks would weaken the duopoly of Mexico’s two biggest players, Televisa and rival TV Azteca, which combined control about 95 percent of the broadcast television market. WSJ The steps are an ambitious attempt by President Enrique Peña Nieto to tackle quasi-monopolies that control many parts of Mexico’s economy, hobbling the country with high costs that ultimately crimp competitiveness and economic growth. Televisa, which has ruled Mexico’s airwaves for decades, will have to let competitors use its broadcast towers for a set fee, make public its advertising pricing structures and end the practice of pressuring advertisers to buy space on its billboards, cable TV and magazines. The company is also barred from acquiring exclusive rights to content such as soccer finals and the World Cup, which generates high audience shares, the company said in a statement. For its part, America Móvil, Latin America’s largest telecommunications firm, was ordered to allow competitors low-cost access to its network, including the so-called “last mile” that reaches final users.

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