Obama’s Washington Post op-ed. Like Kevin in The Monthly, Obama’s reaching directly out to Americans with his own op-ed piece in The Washington Post describing what he wants to do to save the country from the global financial crisis, “Every day, our economy gets sicker — and the time for a remedy that puts Americans back to work, jump-starts our economy and invests in lasting growth is now.” Read a critique of his article in Time‘s Swampland here.

Commons select committee questions financial journalists: As it happened. The shoe is on the other foot today for BBC business editor Robert Peston, Financial Times editor Lionel Barber, the Mail‘s Alex Brummer and Simon Jenkins, of this parish, as MPs get the chance to grill them on the reporting of the banking crisis. — The Guardian

Accidental Tweet announces senior BBC appointments. Alfred Hermida was a little surprised to spot last night a Tweet from the head of the BBC newsroom, Peter Horrocks, to the director of global news, Richard Sambrook about some new appointments at the BBC. “Perhaps it was intended to be a private, direct message”, Hermida pondered on his blog, Reportr.net. Well, yes it was, Journalism.co.uk can now confirm after speaking to Peter Horrocks. “It’s a very embarrassing cock-up and everyone in the newsroom has been having a lot of fun at my expense,” Horrocks said. — Journalism.co.uk

How to save your newspaper. During the past few months, the crisis in journalism has reached meltdown proportions. It is now possible to contemplate a time when some major cities will no longer have a newspaper and when magazines and network-news operations will employ no more than a handful of reporters. There is, however, a striking and somewhat odd fact about this crisis. Newspapers have more readers than ever. Their content, as well as that of newsmagazines and other producers of traditional journalism, is more popular than ever — even (in fact, especially) among young people. The problem is that fewer of these consumers are paying. Instead, news organizations are merrily giving away their news. — Time

Grim news for Murdoch. Rupert Murdoch’s media empire has warned its earnings will fall 30% this year as the world is sliding into recession, depressing advertising demand. News Corp posted a massive $US7.6 billion ($11.7 billion) operating loss for the second quarter after it was hit by the accelerating downturn in advertising sales and booked an $US8.4 billion pretax writedown of the value of its television stations, newspapers and other businesses. The company’s shares opened 6.2% lower and were recently down 52c, or 4.7%, at $10.60. — The Age

Police arrest four journalists from Kathmandu. In continuing confrontation with the scribes, Nepalese police has arrested four journalists
including Reporters’ Club president Rishi Dhamala, provoking angry protests from media bodies. The Nepal police will hold a press conference where they claim to give full evidence against Dhamala. The Federation of Nepalese Journalist (FNJ) has issued a statement asking the government to make public the reason behind their arrest and immediately release them. — Zeenews