Mediagazer: ‘New Yorker’ digital editor Nicholas Thompson on the rapidly expanding newyorker.com (Joe Pompeo/Capital New York)

3:40 PM ET, June 6, 2012

Top News:

Andrew Beaujon / Poynter:

How things went bad at GOOD magazine, what's next for fired staff and the company they left — Max Schorr isn't interested in engaging in what he calls “he said/she said back and forth” with the former staffers of GOOD, the magazine he cofounded that laid off most of its editorial staff last Friday.

Discussion: The Wrap, @editorialiste, The Informer, The Raw Story and Erik Wemple

TOMORROW:
Hello Tomorrow

Discussion: Newsweek, The Other NWA and Megan Greenwell

Ann Friedman: About GOOD and on to TOMORROW

Alysia Santo / CJR:
GOOD Mag to be ‘a Reddit for social good’ (updated)

Discussion: Capital New York, The Atlantic Wire and @clarajeffery

Jim Romenesko:

Warren Buffett buys 3.2% stake in Lee Enterprises — Warren Buffett hoped Berkshire Hathaway could keep quiet about its investment in struggling Lee Enterprises, but the SEC wouldn't allow it. On Tuesday, the billionaire investor disclosed that Berkshire purchased 1.66 million shares of Lee …

Discussion: Media Decoder and Wall Street Journal

Jack Shafer:
The great newspaper liquidation

Discussion: The Daily Beast

Telegraph:

Barbara Walters: the key emails — Following her exclusive interview with Bashar al-Assad, Barbara Walters tried to use her influence to help one of the Syrian dictator's former aides. Here are the key emails. December 8, 2011 - Sheherazad Jaafari to Barbara Walters …

Discussion: Guardian, New York Post, Gawker, The Daily Beast, Daily Mail, New York Magazine, Mediaite, TVNewser, The Huffington Post and Big News Network.com

Bill Carter / Media Decoder:
Barbara Walters Apologizes for Helping Aide to Assad of Syria

Discussion: Capital New York, Los Angeles Times, Telegraph, The Lede, The Daily Beast, Daily Mail, Deadline.com and Telegraph

Brian Stelter / Media Decoder:

HBO Says No, for Now, to Fans Who Want a Web-Only Option — HBO doesn't want your money, Web-only television viewers. — The premium cable channel on Wednesday acknowledged a fan campaign called “Take My Money, HBO!” with a Twitter message that said, in effect, thanks but no thanks.

Discussion: SplatF, TechCrunch, Gawker, Multichannel, Lost Remote, The Atlantic Wire, PC Magazine, Wired, GitHub and Adweek

Mathew Ingram / GigaOM:

Wattpad raises $17 million to become the YouTube of writing — Wattpad, which describes itself as the world's largest online community of readers and writers, has raised a Series B funding round of $17.3 million from a group of venture funds led by Khosla Ventures and including Yahoo co-founder Jerry Yang.

Discussion: AllThingsD, TechCrunch, Betabeat, MarketWatch and Digital Book World

Associated Press:

Media executives cite progress in dispute over Labor Department curbs on release of jobs data — WASHINGTON — Progress is being made in talks with government officials over a Labor Department proposal to require reporters to use agency computers and telephone lines to file stories …

Chris O'Shea / FishbowlNY:

Salon Names Cindy Jeffers CEO, CTO — Cindy Jeffers has been named the new CEO and CTO of Salon. Jeffers comes to Salon from The Huffington Post, where she had worked since 2010; most recently as its technical director. Jeffers will succeed David Talbot, the site's founder.

Discussion: Salon

Dave Itzkoff / ArtsBeat:

Back to You: Aaron Sorkin Returns to Television With ‘The Newsroom’ — LOS ANGELES — A new one comes every few years, like a presidential election or the Olympic Games: an Aaron Sorkin television series set in a high-pressure work environment. “The Newsroom,” which will have its HBO debut on June 24 …

Kat Stoeffel / The New York Observer:

Shake Up Shack: New York Times Has New Police Bureau Chief — After more than a half a decade as police headquarters bureau chief for The New York Times, Al Baker has vacated the mouse-infested reporters' “shack” at One Police Plaza, making way for some rare new blood at the Times.

Discussion: FishbowlNY and Nieman Journalism Lab

John Koblin / Deadspin:

How A Teenager With A Fake Escort Service Duped Darren Rovell And CNBC — An 18-year-old high school senior named Tim was bored one day last November when CNBC's sports biz guy, Darren Rovell, sent out the following tweet: If you are losing a paycheck/business because of the NBA, I want to tell your story.

Salvador Rodriguez / Los Angeles Times:

Pandora is lobbying Congress to keep online radio royalties low — Pandora has reportedly spent more than $50,000 during the first quarter alone on two lobbying firms to keep royalties for online radio low. — Pandora has reportedly spent more than $50,000 this year lobbying Congress …

Discussion: Hillicon Valley, WebProNews and Free Press

Joe Pompeo / Capital New York:

‘New Yorker’ digital editor Nicholas Thompson on the rapidly expanding newyorker.com — The New Yorker's website is starting to take shape under the direction of Nicholas Thompson. — “We are indeed expanding,” said Thompson, who made a rare move from the magazine's print side several months ago to a job as editor of newyorker.com.

Discussion: Wired, GalleyCat, FishbowlNY and WWD