Morning report

* NYT confirms that Murdoch’s The Daily iPad publication is on probation after running up $30M/year losses. (New York Times)
* Publishers of Conde Nast’s magazines are told to cut their budgets by 10% for remainder of the year. (WWD.com)
* Ken Doctor’s 11 reasons to be optimistic about the news business. (Nieman Journalism Lab)
* People newsstand sales up 27% with Cruise-Holmes breakup cover. (New York Post)
* Why did Boston Globe’s Romney story blow up after it barely caused a ripple elsewhere? (Washington Post)
* Georgia woman who says she trademarked “Mindful Living” sues Huffington Post. (The Wrap)
* RIP Bob Greenberg: Chicago sports broadcaster was known to play “the blind card” to get interviews. (Chicago Tribune)
* Tumblr founder shares tips on how to make your Tumblr stand out. (New York Times)
* Dow Jones to acquire full ownership of WSJ.com Japanese-language edition. (Dow Jones)
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