Morning Media Newsfeed: WaPo Reporter Detained in Iran | Bloomberg Hires Topolsky

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WaPo Reporter, Other Journalists Appear to Have Been Detained in Iran (The Washington Post)
Three American citizens, including the Washington Post’s correspondent in Iran, appear to have been detained this week in Tehran, U.S. officials and the newspaper said Thursday. FishbowlDC Jason Rezaian and his wife, Yeganeh Salehi, are among four individuals — including two unnamed American freelance photojournalists — detained without explanation. Mediaite Salehi, an Iranian citizen, works for a paper out of the United Arab Emirates. The Post does not know why they were detained or by whom; Rezaian’s family has not issued a comment. The State Department said it was aware of the incident but revealed no further information. HuffPost Rezaian has been based in Iran since 2008 and with the Post since 2012. He most recently reported Friday from Vienna on talks over Iran’s nuclear program. Laura Rozen, a reporter with Al Monitor, tweeted that she saw Rezaian on Saturday and that he was planning to fly back that night to Tehran. NYT Hamid Babaei, a spokesman for Iran’s mission to the United Nations, said it, too, was “following up on the case” and would notify reporters when it had any news. The Committee to Protect Journalists, a press freedom advocacy group, called on the Iranian authorities to explain their actions, and to release those it was holding. The U.S. does not have diplomatic relations with Iran. The Swiss government, which has an embassy in Tehran, acts on behalf of American citizens in the country.

Bloomberg Hires a Founder of The Verge to Lead Online Initiatives (NYT)
Josh Topolsky, the co-founder of technology website The Verge, will join Bloomberg as the editor of a series of online ventures it is introducing as part of a revamped journalism strategy. FishbowlNY Topolsky’s appointment is effective Aug. 4. He’ll report to Businessweek editor Josh Tyrangiel and Bloomberg Media’s CEO Justin Smith. Capital New York Topolsky joins a growing roster of high-profile journalists flocking to Bloomberg. The company is diversifying its reputation as a financial news and information provider by building out a multiplatform journalism operation meant to appeal to readers outside the core audience of traders who subscribe to its flagship data-terminal technology, which makes up the bulk of Bloomberg’s profits. Poynter / MediaWire Topolsky co-founded The Verge in 2011. Verge co-founder Nilay Patel left the publication in March to become acting managing editor of Vox.com, which, like The Verge, is published by Vox Media. Patel will become The Verge’s new top editor.

Fox’s Europe Deal Means Cash for Time Warner Bid (USA Today)
Rupert Murdoch’s 21st Century Fox entered a deal Friday to sell all of its stake in Sky Italia and a majority stake in Sky Deutschland to BSkyB, raising more than $8 billion cash to fortress its rebuffed Time Warner bid. Variety Murdoch’s 21st Century Fox owns a 39 percent stake in BSkyB, 100 percent of Sky Italia and 57 percent of Sky Deutschland. The proposed deals will see BSkyB acquire Fox’s stakes in Sky Italia and Sky Deutschland. It also will bid for the remaining Sky Deutschland shares. The Telegraph BSkyB’s longer-term strategic rationale for Sky Europe is to gain access to pay-TV and broadband markets that are less developed than the U.K., where its satellite subscription business has reached saturation point. The merged company will have an addressable market of nearly 100 million households, of which only 20 million are currently customers, 10 million of those in the U.K.

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Amazon Stock Plummets After Q2 Earnings Miss (Deadline Hollywood)
Shares were down 10.2 percent in post-market trading after Amazon reported a far bigger Q2 loss than investors expected. Amazon lost $126 million, up from a $7 million loss in the period last year, on revenues of $19.3 billion, up 23.2 percent. Re/code The company, which launched its first smartphone, the Amazon Fire phone, a few weeks ago, posted a loss of 27 cents per share. Analysts had been expecting on average a loss of 15 cents per share on $19.34 billion in revenue. THR “We continue working hard on making the Amazon customer experience better and better,” said CEO Jeff Bezos, noting that the company launched a number of new products or services during the second quarter, including Sunday delivery, music streaming service Prime Music and eBook subscription service Kindle Unlimited. WSJ The big idea in Amazon’s first smartphone is that you can control the screen just by moving your head. But in reality, the Fire is the grown-up equivalent of a 9-year-old riding a bike with his hands in the air. “Look, Ma, no hands!” It’s a neat gimmick, but it won’t get you very far. The phone is packed with a number of such technological bells and whistles that seem clever, for about a day. Amazon has taken worthwhile steps to simplify using the Android operating system, but on the smartphone fundamentals, the Fire stumbles. Mashable Investors had shown faith that Amazon’s massive revenues would eventually translate into profits. After missing analysts’ estimates, shareholders are beginning to wonder just when Amazon will deliver. Amazon shares have struggled in 2014, down just over 10 percent for the year before the earnings announcement.