Mediagazer: How things went bad at GOOD magazine, what's next for fired staff and the company they left (Andrew Beaujon/Poynter)

2:25 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 — “What is best in life?” This is our colleague Cord Jefferson's refrain. This brilliant little rhetorical question has a way of stopping everyone in the moment—usually a drunken moment, always a really great moment—to make sure we all recognize and remember it.

Discussion: The Other NWA, Newsweek 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, @clarajeffery and Poynter

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, New York Magazine, Daily Mail, Mediaite, TVNewser, The Huffington Post and Big News Network.com

Bill Carter / Media Decoder:

Barbara Walters Apologizes for Helping Aide to Assad of Syria — In the months after her exclusive interview last year with President Bashar al-Assad of Syria, Barbara Walters tried to intercede to get a job for a former aide of his, who Ms. Walters acknowledged helped arrange the interview.

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

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

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.

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

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: Lost Remote, TechCrunch and GitHub

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.

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

MSNBC:

Bradley Manning's Wikileaks hearing opens as defense seeks dismissal of 10 counts — FORT MEADE, Md. — WikiLeaks suspect Pvt. Bradley Manning appeared at a military court outside Washington on Wednesday for a three-day pretrial hearing at which his lawyers were seeking dismissal of 10 of the 22 counts against him.

Dylan Byers / Politico:

The American Prospect doesn't need angels — GQ's Marin Cogan reports today on the fate of The American Prospect, which recently told readers that if it couldn't raise $200,000, it was going to die. — It's not a terribly pretty picture: “On a recent Monday afternoon …