Reading Jeff Bezos’s mind (or the other way around), Julius Genachowski and Steven Waldman think newspapers (The Washington Post, say) should be run more like Amazon. Like Amazon, the former FCC chairman and his former senior adviser think newspapers need to take “the long view,” i.e., disregard short-term losses and focus on long-term gains. As they admit in a co-authored piece for New Republic, this is easier when you are as wealthy as Bezos. 

If not quite running on fumes, Tumbr was certainly in need of a financial refueling before Yahoo agreed to buy the startup for about $1 billion. “Tumblr, which had raised $125 million since 2007, had $16.6 million in cash left when Yahoo bought it,” AllThingsD reports, citing a 10-Q form Yahoo filed with the SEC, this week. To keep founder David Karp onboard, meanwhile, Yahoo has promised to pay him up to $81 million in cash and stock. 

What’s going on with Facebook’s expected foray into video advertising? According to The Wall Street Journal, the social giant plans to take the plunge before the end of the year -- despite CEO Mark Zuckerberg’s fears of a user backlash. “As soon as this fall, Facebook plans to launch a video-ad service that will show members 15-second-or-less clips on both smartphones and the Web” -- and cost advertisers upwards of $2 million a day -- WSJ reports, citing sources. 

The future of Patch has never been less certain. Days after AOL chief Tim Armstrong announced plans to shrink the local news network by a third, it now appears as if Patch’s leadership has been put out to pasture. As a source tells Business Insider, Patch CEO Steve Kalin and its "Chief Content Officer" Rachel Feddersen have been dismissed. 

Worldwide, Android’s mobile market share surged to 79.3% in the second quarter -- from 69.1% during the same period last year -- IDC reported this week. As for why, The Wall Street Journal’s Digits blog cited a rash of new Android-supported phones from Chinese manufacturers, and the increasing unpopularity of the once dominant Blackberry.  

Keeping the focus on expansion, streaming TV service Aereo says it plans to go live in Miami, Houston, and Dallas by next month. As The Verge reports, “The controversial service, which continutes [sic] to fight legal battles with the networks it provides, currently operates across all of New York City and much of the surrounding metropolitan area as well Boston and Atlanta.” 

After an exhaustive search, Groupon this week named none other than co-founder Eric Lefkofsky as its new CEO. “The company announced today that he will man the job permanently, after being named co-CEO along with Ted Leonsis when Andrew Mason was fired,” AllThingsD reports. Groupon also reported second-quarter revenue of $609 million, which just beat analysts’ expectations. 

Following months of rumors and speculation, YouTube cofounders Chad Hurley and Steve Chen unveiled their latest program on Thursday. Named MixBit, it’s a video snippet sharing service like Twitter’s Vine. “But as the name suggests, MixBit is all about mixing and editing video,” The New York Times’ Bits blog notes. 

Amazon this week is opening its Appstore to developers of HTML5 web applications and mobile Web sites. “These web apps will be discoverable and sold alongside other native Android applications on any device where the Amazon Appstore is able to run, including, of course, the Kindle Fire,” TechCrunch reports. Typically, major smartphone app stores only make native apps available for search, discovery and download. 

Overhauling Yahoo from top to bottom, Marissa Mayer has decided to redo the Web pioneer’s iconic logo. “Each day over the next four weeks -- the Silicon Valley company is showcasing 30 different logos on its home page,” USAToday.com reports. Though, that doesn’t mean consumers can weight in on the redesign. “The company has decided on the new logo, but wants to showcase different looks to depict its ‘renaissance’ under its new CEO, Marissa Mayer.”