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1:25 PM ET, June 13, 2012

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 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.
RELATED:
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.
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
RELATED:
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Previously Unpublished Documents Show Piers Morgan Under Fire  —  Piers Morgan, the primetime CNN host and former British tabloid editor, has a reputation as a brash and freewheeling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.
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 …
RELATED:
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.
RELATED:
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 …
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 …
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 …
 
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 More News: 
Ben Popper / The Verge:
Mark Cuban puts $500,000 investment into immersive video startup, Condition One
Foster Kamer / The New York Observer:
That Time Tina Brown Almost Turned Obama Into Trayvon on the Cover of Newsweek
 Earlier Picks: 
Andrew Beaujon / Poynter:
Detroit publisher says layoffs coming to Free Press
Justin Elliott / ProPublica:
Media Corps Make Yet Another Push to Defang Transparency Rule
 

 
From Techmeme:

Reiji Murai / Reuters:
iPhone 6 display panel redesign delayed production, impact on launch uncertain

Timothy B. Lee / Vox:
White House cybersecurity czar brags about his lack of technical expertise

Mike Beasley / 9to5Mac:
Apple removes Secret app from Brazilian App Store for not conforming with local laws

 
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