Mediagazer: Riches to rags as Guardian bleeds £33m in a year (Gordon Rayner/Telegraph)

9:55 AM ET, June 18, 2011

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Peter Kafka / AllThingsD:

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MG Siegler / TechCrunch:

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Gordon Rayner / Telegraph:

Riches to rags as Guardian bleeds £33m in a year — The Guardian, propped up by a car magazine, faces going out of print after warning of a cash crisis and the threat of more redundancies. — When The Guardian celebrated its centenary in 1921, its most revered editor …

Discussion: Jon Slattery and Future of Journalism

Mike Madden / City Desk:

City Paper Seeks Dismissal of Dan Snyder's Lawsuit — When Washington Redskins owner Dan Snyder sued Washington City Paper's parent companies in February in New York courts over “The Cranky Redskins Fan's Guide to Dan Snyder,” we said the suit had no merit.

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Strawberry Saroyan / New York Times:

Magazine Preview: Storyseller — Amanda Hocking, the star of self-publishing, was sitting in the front seat of her Ford Escape earlier this spring when she spotted a messenger delivering flowers to her home in Austin, Minn. She watched her best friend and roommate, Eric Goldman, get the door.

John Cook / Gawker:

Gov. Chris Christie Claims Fox News Chief as Confidential Adviser — The office of Republican Gov. Chris Christie of New Jersey is claiming that Fox News chairman Roger Ailes is a confidential adviser whose interactions with the governor should remain secret under New Jersey's executive privilege.

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Peter Kafka / AllThingsD:

CBS Shuffles CNET Editors — More management changes at CBS' digital arm: Veteran editor Dan Farber is once again running CNET News, a position he last held in 2008. — CNET editor in chief Scott Ard will stay on at the company, but will focus on CNET's reviews, which he had overseen prior to his promotion in 2009.

Discussion: Hollywood Reporter

Shane Richmond / Telegraph:

Why Twitter's media critics are missing the point — Media commentators have called Twitter 'smug, ‘intolerant’ and suggested that it's pointless but that's like saying the telephone is smug, writes Shane Richmond. — Twitter: scaring people in the media since 2006.

Discussion: Future of Journalism and Editors Weblog

Jeff Bercovici / Mixed Media:

Olbermann Wants to Make Current a 24-Hour News Network — With three days to go before the debut of his new show on Current TV, Keith Olbermann is simultaneously trying to lower and raise expectations. In the short term, he'd like to lower them, particularly when it comes to ratings.

Discussion: The Wire, TVNewser, Multichannel, On Media's Blog and B&C

Keach Hagey / The Politico:
Cable after Glenn Beck and Keith Olbermann

Discussion: Poynter, On Media's Blog and TVNewser

Leena Rao / TechCrunch:

comScore: The Average YouTube Viewer Watches 5 Hours Of Videos A Month — comScore has just released its monthly data on online video engagement, with 176 million U.S. Internet users watching online video content in May for an average of 15.9 hours per viewer.