Mediagazer: GOOD magazine lays off most of its editorial staffers (Andrew Beaujon/Poynter)

11:10 PM ET, June 1, 2012

Top News:

Andrew Beaujon / Poynter:

GOOD magazine lays off most of its editorial staffers — Thursday night Good Magazine had a launch party for its newest issue. On Friday it laid off most of its editorial staff, according to multiple sources. At least some of the layoffs occurred at the magazine's Los Angeles headquarters.

Discussion: @thegarance, @bydanielvictor, @joepompeo, The Informer and FishbowlLA

Julie Moos / Poynter:

Warren Buffett responds to Times-Picayune pleas for help — New Orleans musician Evan Christopher wrote an open letter to Warren Buffett last week, and the billionaire newspaper owner has responded: … Optimists will note that Buffett did not say he wouldn't buy the paper.

Discussion: The Atlantic Wire, The Best Degrees, @justinnxt, JIMROMENESKO.COM, NolaVie and Blog of New Orleans, Gambit

Steve Myers / Poynter:

Times-Picayune staff memo to editors: ‘Will there be quotas for online entries?’ + 60 more questions — New Orleans Times-Picayune staffers are expected to start hearing next week how their jobs will change — if they have jobs — once the newspaper shifts to printing only three days a week with an emphasis on digital publishing.

Discussion: JIMROMENESKO.COM

Bloomberg:

Twitter Said To Expect $1 Billion In Sales In 2014 On Ad Growth — Twitter Inc. expects to generate at least $1 billion in sales in 2014, two people with knowledge of the matter said, indicating that the blogging service will grow about twice as fast as some analysts now predict.

Discussion: VentureBeat, The Next Web, Mashable!, GigaOM, Marketing Land and CNET

Mathew Ingram / GigaOM:

Journalism: The best of times, and the worst of times — There are plenty of people ready to give their opinions about where the traditional media business is going, and how the disruption caused by digital and social media should be handled — but not all of them have a grasp of what is involved …

Tim J. McGuire / McGuire on Media:
This I believe about journalism, newspapers and the future of media

Discussion: The Buttry Diary, @stevebuttry, @stevebuttry and JIMROMENESKO.COM

Ryan Chittum / CJR:

Responding to Shirky on the Washington Post — Transformation is required, and transformation takes investment — Thanks to Clay Shirky for responding to my piece on the financialization of the Washington Post Company, which during the financial crisis has handed more than a billion dollars …

Discussion: (Re)Structuring Journalism and CJR

Adrienne LaFrance / Nieman Journalism Lab:

The Wall Street Journal “cannot generate enough video streams” to meet advertising demand — The Wall Street Journal announced this morning the launch of a new early-morning show, Asia Today, which will broadcast weekdays at 6:30 a.m. (Eastern), with a focus on business, finance, and breaking news in the region.

Sarah Wachter / Poynter:

Google News Founder: To invent the future, news industry must hire ‘restless agents of change’ — Media companies of the future must operate using a different business model that addresses the endless waves of disruptive new technology and staggering competition, said Krishna Bharat …

Discussion: Journalism.co.uk

Gabriel Sherman / New York Magazine:

Roger Ailes, Upstate Press Baron, Is in a Newspaper War — Roger Ailes, in his day job, rules the Fox News media empire that has been the dominant force in cable news ever since he took on CNN's entrenched monopoly in the mid-nineties. But now Roger Ailes, community newspaper baron …

Discussion: The Awl, The Huffington Post, FishbowlNY and Capital New York

Jim Romenesko:
Roger Ailes cancels biographer's newspaper subscription

Discussion: Gawker and Politico

Reuters:

Cisco sues TiVo over DVRs — (Reuters) - Cisco Systems Inc has filed a lawsuit to void four TiVo Inc patents related to digital video recorders, escalating a battle over who has the right to profit from sales of the popular machines. — In a complaint filed on Wednesday …

Discussion: ZDNet, PC Magazine, Business Insider, Multichannel, Engadget and Light Reading

Paul Sonne / Wall Street Journal:

News Corp. Could Face 500 Phone-Hacking Claims — LONDON—Lawyers for both News Corp. and phone-hacking victims on Friday estimated in court that the media company will ultimately face about 500 civil claims related to illegal voice-mail interception by the now-closed News of the World tabloid.

Discussion: Guardian and The Huffington Post

Jon Lafayette / Broadcasting & Cable:

Turner's Kent ‘Very Unhappy’ With Ratings Dive at CNN — Backs Cooper, Morgan, Burnett, but other shows may be replaced — Turner Broadcasting CEO Phil Kent admitted to being “very unhappy” with CNN's primetime ratings, but said it won't resort to tricks to increase viewership.

Discussion: B&C, Mediaite, TVNewser, Inside Cable News and The Huffington Post

Rachel King / ZDNet:

Netflix toppled Apple as top U.S. online movie biz in 2011 — Summary: Netflix grew to account for nearly 50 percent of the domestic online movie market in 2011, while Apple lost nearly half of its own slice of the pie. — Despite a roller coaster year with a lot of missteps …

Discussion: Market Intelligence, VentureBeat, paidContent, WebProNews, Home Media Magazine and Fast Company