Mediagazer: Why traditional media should be afraid of Twitter (Mathew Ingram/GigaOM)

1:25 PM ET, June 13, 2012

Top News:

online.wsj.com:

U.S. Probes Cable for Limits on Net Video — WASHINGTON—The Justice Department is conducting a wide-ranging antitrust investigation into whether cable companies are acting improperly to quash nascent competition from online video, according to people familiar with the matter.

Discussion: Media Decoder, Multichannel, Multichannel News, GigaOM, Deadline.com, Online Video News, TVWeek.com, Los Angeles Times, VideoNuze Analysis, WebProNews, The Verge, Engadget, NetNewsCheck Latest and Washington Free Beacon

Peter Kafka / AllThingsD:

Why the Feds' Cable Probe Means More Expensive Web Video for You — The Department of Justice is looking at the way Comcast and the rest of the cable industry deal with broadband and online video. So what does that mean for you? — Higher broadband bills — at least if you plan on streaming a lot of online video.

Discussion: Media Decoder

Brian Stelter / Media Decoder:

CNN Is Ending John King's Political Show — The ailing cable news channel CNN on Wednesday abruptly ended “John King, USA,” its 6 p.m. political news program. — The program will be replaced at the end of the month by “The Situation Room with Wolf Blitzer,” which will expand from two hours long to three hours.

Discussion: TVNewser, Mediaite, TVbytheNumbers, New York Magazine and The Huffington Post

Mathew Ingram / GigaOM:

Why traditional media should be afraid of Twitter — As we've mentioned a number of times, Twitter has been gradually tip-toeing further and further into the media business for some time now. It has already become a real-time newswire for many, a source of breaking news and commentary on live events …

Discussion: Noted, eMedia Vitals and ReveNews, Thanks:@mathewi

Ross Neumann / RGN: Twitter Wants To Put Social Media Editors Out Of Business

Mike Giglio / The Daily Beast:

Previously Unpublished Documents Show Piers Morgan Under Fire — Piers Morgan, the primetime CNN host and former British tabloid editor, has a reputation as a brash and freewheeling newsman who doesn't back down from authority, trades in celebrity gossip and is unafraid to offend.

Discussion: The Wrap, Guardian, The Daily Dish, Guy Fawkes' blog and Chickaboomer

Huffington Post UK:

Alex Salmond: ‘The Observer Accessed My Bank Account’ — Scottish first minister Alex Salmond has claimed that his bank account was accessed by The Observer newspaper. Giving evidence to the Leveson inquiry into press ethics, the SNP leader said a journalist for the paper told …

Estelle Shirbon / Reuters: Twist in Murdoch saga exposes UK coalition tension

Press Gazette: Rebekah Brooks bailed on phone-hack charges

Rob Tornoe / Poynter:

Times-Picayune political cartoonist Steve Kelley laid off — Despite the popularity of political cartoons and visual commentary online, Steve Kelley, the political cartoonist for the New Orleans Times-Picayune since 2002, has been informed his job will be cut as part of the company's transition to three-day-a-week printing.

Discussion: Gambit New Orleans News …, WWNO and The Atlantic Online

Rem Rieder / American Journalism Review:
Newhouse Flunks the Test in New Orleans

Discussion: Second Front, The Daily Beast, Inside Alabama and JIMROMENESKO.COM

John McQuaid / The Atlantic Online:
Why a Weak Website Can't Replace a Daily Newspaper in New Orleans

Discussion: New York Times, blogs.forbes.com/johnmcquaid, eMedia Vitals, American Journalism Review, Poynter and Poynter

Erik Wemple / Washington Post:
Times-Picayune restaurant critic laid off

Discussion: Poynter, Erik Wemple, WWL-TV, The Wrap, The Huffington Post, Diner's Journal, @justinnxt and @erikwemple

Charlie Warzel / Adweek:

CNBC and Yahoo Finance Announce Content Partnership — Effective immediately, CNBC and Yahoo will be teaming up to jointly distribute content and programming across their networks. For the financial news world, this partnership marries the largest financial broadcaster …

Discussion: Yahoo! Finance, Radio & Television …, Broadcasting & Cable, The Wrap, TVNewser, New York Times, CNBC, MediaPost, PC Magazine, CNET and Reuters, Thanks:@cwarzel

Joe Pompeo / Capital New York:

Arianna's new tablet magazine, ‘Huffington,’ is a lot like a print magazine — The Huffington Post's new iPad publication will hit the Apple Store for the first time on Thursday. — The weekly tablet magazine, called Huffington. (Ed. note: yes, with a period at the end …

Discussion: Noted, Poynter, Media Decoder, eMedia Vitals, Mashable! and PandoDaily

John Hudson / The Atlantic Wire:

Jonah Peretti: What I Read — How do people deal with the torrent of information pouring down on us all? What sources can't they live without? We regularly reach out to prominent figures in media, entertainment, politics, the arts and the literary world, to hear their answers.

Discussion: Poynter

Alex Wilhelm / The Next Web:

Amazon seems to be taking a gigantic cut of self-published profit for “delivery” of ebooks — 70%! That's what people whisper amongst themselves when publishing on the Kindle platform is mentioned. It's a huge number. A traditional publishing contract might only sport a 15% royalty rate …

Discussion: Vook, TheMediaBriefing, Andrew Hyde, currybetdotnet and PandoDaily