Morning report

The New York Post reports Weekly Reader is being folded into Scholastic News and all but five of Weekly Reader’s 60 employees are getting pink slips. Scholastic, which bought the Weekly Reader from Readers Digest Association earlier this year, says: “We are confident that the combined Scholastic News/Weekly Reader team will now offer an even better news and information experience in print and digital formats for teachers and students.” (New York Post)
* David Carr: Should Yahoo! be replaced with Yahoo? to reflect the uncertainty of the company’s purpose? (New York Times)
* Gannett CEO Gracia Martore applauds Yahoo’s CEO pick. (USA Today) | Related from Jon Friedman. (MarketWatch)
* Bloomberg LP will publish daily 32-page magazines during political conventions weeks. (Adweek.com)
* College newspapers go digital-first to stay relevant. (Huffington Post)
* Simon & Schuster is backpedaling quickly in the final weeks before the publication of Joe Posnanski’s “Paterno” bio. (New York Times)
* One reaction to Courant en Espanol: “This isn’t even Spanglish.” (ctlatinonews.com)
* Celebboutique: “We are incredibly sorry for our tweet about Aurora.” (@celebboutique)
* Follow @romenesko on Twitter

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