Mediagazer: Display's New Kingpin: Facebook's No. 1 (Edmund Lee/AdAge)

9:35 AM ET, June 20, 2011

Top News:

At New Network, Olbermann Sets Sights on MSNBC — Starting on Monday, there will be new competition for progressive attention spans on television. — Challenging MSNBC, which has a stable lineup of left-leaning hosts, will be Current TV, where Keith Olbermann will start anchoring the 8 p.m. hour, his former time slot on MSNBC.

Discussion: The Huffington Post, Inside Cable News, Gawker and Chickaboomer

Edmund Lee / AdAge:

Display's New Kingpin: Facebook's No. 1 — Social Network's $2.19 Billion Puts It at Top of the Digital Heap, Leaping Google, Yahoo — but It's Still a Bit Player When Compared to TV — Facebook doesn't really have to try to become the biggest player in digital media; it simply is.

Discussion: Beet.TV, Softpedia News, Future of Journalism and SAI, more at Techmeme »

Om Malik / GigaOM:

Revealed: Facebook's music plans involve Spotify, others — For the past few months, I have been hearing about Facebook and Spotify getting a lot closer as companies, with a much tighter integration between the two services. However, Facebook's musical ambitions go beyond Spotify and include other music services and applications.

Discussion: SAI, I4U News, The Next Web, 9 to 5 Mac and Gizmodo, more at Techmeme »

David Carr / New York Times:

Ugly Details in Selling Newspapers — Any look behind the curtain of Wall Street is not going to be pretty. But there is not pretty and then there is plain ugly. — James O'Shea, the former editor in chief of The Los Angeles Times, found a classic of the genre in the course of reporting out …

Discussion: The Atlantic Wire

Janko Roettgers / GigaOM:

Google's SageTV acquisition: It's not about the DVR — SageTV's announcement that it's been acquired by Google this weekend has many speculating about DVR functionality soon coming to Google TV. But one of the few dissenters, interestingly enough, is the founder of one of SageTV's competitors: SnapStream Media founder Rakesh Agrawal.

Discussion: paidContent, Rakesh Agrawal's Blog, Softpedia News, I4U News, Electronista and PC Magazine, more at Techmeme »

Committee to Protect Journalists:

Journalists in exile 2011: Iran, Cuba drive out critics — Two of the world's most repressive nations each forced at least 18 journalists to flee their homes in the past year. In exile, these journalists face enormous challenges. A CPJ special report by Elisabeth Witchel. — LONDON

Discussion: Jon Slattery and Media News

AdAge:

Kids Flock to Social Nets, but Few Advertisers Dare to Follow — Online playgrounds with colorful names such as Everloop and Togetherville aren't only popular with small fry, but also investors — but not with advertisers. Here's why.

Frédéric Filloux / Monday Note:

Losing value in the “Process” — Digital media zealots are confused: they mistake news activity for the health of the news business. Unfortunately, the two are not correlated. What they promote as a new kind of journalism carries almost no economic value.

Magda Abu-Fadil / The Huffington Post:

Newsroom Summit Highlights Digital Engagement — The newsroom cafÃ© concept was music to my ears when Journal Register Company's (JRC) Jonathan Cooper explained how his organization had taken the bold step of engaging its audience. — “The legacy definition of engagement is wrong …