Mediagazer: How the journalist prom got out of control (Dana Milbank/Washington Post)

Joe Pompeo / Yahoo! News:

Record-breaking web traffic for royal wedding — We'll have to wait until Saturday to find out how many people watched the royal wedding on TV this morning. (The projection is 2 billion worldwide.) But for now we know that the event generated massive traffic online.

Discussion: Poynter, Thanks:steverubel

Lauren Indvik / Mashable!:
Royal Wedding: A Two-Screen Experience Like You've Never Seen

Discussion: Tuned In, CNN and Lost Remote, Thanks:laureni

David Bauder / Associated Press:
Media has fun with hats, titles at royal wedding

Discussion: CNN, The Royal Wedding, Poynter, The Royal Wedding, Mashable!, Guardian, TechCrunch, Salon and Media Decoder

Dylan Stableford / The Wrap: Media Braces for a Certifiably Wild Weekend of News

Michael Calderone / The Huffington Post:

REVEALED: Columnists Join Bloomberg's New Opinion Stable — Last night, The Huffington Post revealed the full editorial board for Bloomberg Newsâ forthcoming editorial section, Bloomberg View. — While a couple recently hired columnists have been reported so far …

Discussion: New York Post, Poynter and FishbowlDC

Discussion: Runnin' Scared, Poynter, Talking Biz News and Slate

Dana Milbank / Washington Post:

How the journalist prom got out of control — On Thursday, the Washington Post editorializes that Donald Trump has been campaigning on “bogus” issues and that he should “cease and desist.” An article in the news pages the same day reports that the great orange charlatan's “simply wild speculation” has “almost no basis in fact.”

Discussion: Gawker, Salon, Poynter and MetaFilter

Casey Ross / Boston Globe:

Businessman prepares bid to buy Globe — A Wellesley businessman is preparing to offer more than $200 million to buy The Boston Globe from its longtime owner, The New York Times Co., according to a person briefed on the plan. — Aaron Kushner, an entrepreneur who has spent months researching …

Discussion: Poynter, MediaPost, Media Nation and FishbowlNY

Matt Shanahan / Digital Equilibrium:

Why Online News Revenue will Never Equal Newspaper Revenue — A publisher's ability to monetize the news ONLINE is different than their ability to monetize the newsPAPER. — According to the Newspaper Association of America data at naa.org, the average user spent 1 minute and 12 seconds with online news last month.

Discussion: paidContent and FishbowlNY

Chris Roush / Talking Biz News:

WSJ hires new Money & Investing editor — TALKING BIZ NEWS EXCLUSIVE — Francesco Guerrera, the finance editor of the Financial Times, has been hired by The Wall Street Journal to be its new Money & Investing editor, according to two sources with knowledge of the move.

Discussion: Talking Biz News, Poynter and FishbowlNY

Colby Hall / Mediaite:

‘Aol News’ To Officially Fold Into Huffington Post — Its no surprise to anyone that Huffington Post and Aol News will be merging, but what surprised us, is that in the days to come, Aol News will no longer be producing any original content, and will instead be entirely serviced by Huffington Post.

Discussion: FishbowlNY

ESPN MediaZone:

All-Star Roster of Writers and Editors to Join New ESPN Web Site — Grantland.com- Conceived by ESPN's Bill Simmons - to Debut in June — Bill Simmons, in association with ESPN, announced the first wave of writer and editor hires for Grantland.com, the much anticipated sports and pop culture web site.

Discussion: The Informer, Poynter, Deadspin, The Wire, SportsGrid and New York Magazine

Robert Niles / Online Journalism Review:

The changing relationship between reporters and sources — By Robert Niles: I'd like to point you toward a post from Dallas NBA team owner and Internet entrepreneur Mark Cuban which I hope will get you thinking, but might just get many of you mad instead: — Here it is, and here's a taste:

Great Speculations:

Google Algo Twist Tweaks Gray Lady — Taking hit from Google? — During The New York Times Company's Q1 2011 earnings conference call, management discussed the negative impact that the recent algorithm changes in Google have had on NYT. [1] — Specifically, the company showed concern regarding …

Discussion: Search Engine Land

nyguild.org:

Tentative contract agreement reached with Thomson Reuters — After a marathon session, the Guild Bargaining Committee, led by New York Newspaper Guild President Bill O'Meara, reached tentative agreement early Friday on a three-year contract with Thomson Reuters.

Discussion: Talking Biz News and Mogulite

Courtney Boyd Myers / The Next Web:

Meet Flockler, where anyone can create the news. [Video interview] #TNW2011 — Yesterday at The Next Web Conference Startup Rally, the Finnish based startup Flockler, a social curation platform for publishers launched. Flockler's tools let audience members create topics, which members can then join.

Steve Buttry / The Buttry Diary:

Newspapers don't need new ideas; here are lots of ideas for new revenue streams — Alan Mutter documents the no-longer-surprising fact that newspaper advertising revenues continued to fall for the 20th straight quarter in the first three months of 2011. — This decline comes …

Jeff Bercovici / Mixed Media:

Arrington Makes a Mockery of AOL-Huffpo Ethics Policy — This is what Michael Arrington thinks of Arianna Huffington's ethics rules. Image by Joi via Flickr — Did Michael Arrington just show Arianna Huffington who's boss? I'm pretty sure he did. — Not too long after AOL acquired TechCrunch …

Discussion: memeburn, SiliconANGLE, CNET News and SAI