Top News:
Jack Shafer:
So Warren Buffett likes newspapers again? — Just because Warren Buffett blew $142 million in cash on 63 daily and weekly Media General newspaper titles yesterday doesn't mean that newspapers are back. All it means is that an old cow that's still a milker has been moved to a neighboring farm's pasture …
Discussion:
Newsonomics
RELATED:
Omaha World-Herald:
Deal shows Buffett's faith in community newspapers
Deal shows Buffett's faith in community newspapers
Discussion:
CJR, Tampa Bay Times, Poynter and Free Press
Dan Conover / Xark!:
What if we give it away? (w/apologies to REM)
What if we give it away? (w/apologies to REM)
Discussion:
The Buttry Diary, @jayrosen_nyu and @stevebuttry
Andrew Beaujon / Poynter:
Facebook IPO may force journalists to consider their role in the social network's growth — Facebook's IPO just created a lot of billionaires. Probably not that many of them work in journalism. But journalists, Kristie Lu Stout argues, create part of Facebook's value.
Discussion:
Softpedia News, Bloomberg, J-Source, Lost Remote, CNET, Forbes, Business Insider, GigaOM and The Atlantic Online
RELATED:
Mathew Ingram / GigaOM:
Facebook's biggest problem is that it's a media company — There's been a lot of attention paid to Facebook's business model recently, especially with the news that General Motors has killed a $10-million advertising campaign devoted to the giant social network — not exactly a great sign …
Discussion:
Los Angeles Times, DealBook, The Firewall, Bits, ReadWriteWeb, Adweek, Business Week, AllThingsD, @brianstelter, Forbes, TechCrunch, The Kernel, Hillicon Valley, Media Decoder and PR Newswire
Erik Wemple:
CSIS to investigate Arnaud de Borchgrave's writings — The Center for Strategic and International Studies (CSIS) said this afternoon that it will investigate the work of Arnaud de Borchgrave, one of the think tank's program directors and a columnist for the Washington Times and United Press International.
RELATED:
Guardian:
Rupert Murdoch denies claims that News Corp may sell UK newspapers — Mogul says News Corporation is ‘firmly committed’ to its papers including the Sun, Times and Sunday Times — Rupert Murdoch has denied reports that News Corp is considering spinning off its British newspapers to protect …
Discussion:
Financial Times, Financial Times, Telegraph, CJR, Future of Journalism and Jon Slattery
Mark Hosenball / Reuters:
Exclusive: Did White House “spin” tip a covert op? — (Reuters) - White House efforts to soft-pedal the danger from a new “underwear bomb” plot emanating from Yemen may have inadvertently broken the news they needed most to contain. — At about 5:45 p.m. EDT on Monday, May 7 …
Erik Maza / WWD:
Ad Pages Slip Further at New York Times' Magazines — NO UPTURN: Sally Singer opened the most recent issue of T The New York Times Magazine with a tribute to leisurely evolutions. “You realize that even when taste is a given, patience is a virtue,” she wrote.
Discussion:
FishbowlNY
Michael Hastings / BuzzFeed:
Congressmen Seek To Lift Propaganda Ban — Propaganda that was supposed to target foreigners could now be aimed at us. “Disconcerting and dangerous,” says Shank. — An amendment that would legalize the use of propaganda on American audiences is being inserted into the latest defense authorization bill, BuzzFeed has learned.
Discussion:
Mediaite and @adrianchen
Erik Larson / Bloomberg:
News Corp. Sued Over Hacking by Victim of 2005 London Bombings — News Corp. (NWSA) (NWSA)'s U.K. unit and the private investigator it hired to hack voice mail was sued by a professor who was seated next to a suicide bomber in the 2005 terror attacks on London's trains and buses.
Laura Hazard Owen / paidContent:
A kinder, gentler DRM? — With Harry Potter fan site and e-bookstore Pottermore.com now using watermarking instead of heavyweight DRM on all the Harry Potter e-books, anti-DRM arguments are growing louder. Now the International Digital Publishing Forum (IDPF), the organization that oversees …
Discussion:
International Digital …, TeleRead and The Verge
Alex Pareene / Salon:
The National Review's fake plagiarism scoop — Updated: After falsely accusing Elizabeth Warren of plagiarism, the conservative magazine apologizes — The National Review says Elizabeth Warren is guilty of the gravest crime a writer can commit: Plagiarism.
Discussion:
National Review, Politicker and Media Decoder
The Huffington Post:
'Reporter's Privilege' Under Fire From Obama Administration Amid Broader War On Leaks — RICHMOND, Va. — The Obama administration Friday morning continued its headlong attack on the right of reporters to protect their confidential sources in leak investigations.
Discussion:
@mikeriggs and Capital New York