Top News:


Barry Diller regrets buying Newsweek — IAC/InterActiveCorp chairman Barry Diller tells Bloomberg Television: “I wish I had not bought Newsweek. It was a mistake.” … * Diller calls Newsweek purchase “a fool's errand” (businessweek.com) — More from Bloomberg Television's transcript of the Diller interview after the jump.
Discussion:
FishbowlNY, Bloomberg, Washington Times, Hollywood Reporter, The Verge and Bloomberg
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Barry Diller says broadcasters are bluffing about going cable — Barry Diller testifying last year about his TV delivery startup Aereo. (Karen Bleier / AFP/Getty Images / April 24, 2012) — Media mogul Barry Diller said he thinks his Aereo, the startup company that distributes broadcast signals via …

UK.Gov passes Instagram Act: All your pics belong to everyone now — Everyone = Silicon Valley [ad platforms] tech companies — Have you ever uploaded a photo to Facebook, Instagram or Flickr? — If so, you'll probably want to read this, because the rules on who can exploit your work have now changed radically, overnight.
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Hoax emergency message sends police to Wolf Blitzer's house in Bethesda — Montgomery County police received an urgent message at about 6:25 p.m. Saturday saying someone had been shot at Wolf Blitzer's home in Bethesda. Officers streamed toward the CNN host's residence near Congressional Country Club.
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New York Magazine, TVNewser, Chickaboomer, The Verge, WTOP.com, Watchdog Blog, Politico, New York Post, The Raw Story, Poynter, The Huffington Post and Pressing Issues

HuffPost Live in Deal With AXS to Put Show on Cable — The Huffington Post has found a partial home on cable television for its eight-month-old Internet channel, HuffPost Live, courtesy of Mark Cuban. — The company announced Sunday night that Mr. Cuban's cable channel AXS TV …


ESPN: The Magazine Puts a Print Spin on Sponsored Content — Branded content has gotten plenty of attention as it's taken off online, where the division between editorial and advertising real estate can be fuzzier (see: Forbes, The Atlantic, BuzzFeed, Gawker), but publishers have shied away from using similar strategies in print.
Discussion:
FishbowlNY and eMedia Vitals


That Horrible Tumblr Memo Was Actually a Fired Editor's Secret Revenge — Tumblr founder David Karp's abrupt farewell to his Storyboard team earlier this month was so disingenuous, so thick with noxious doublespeak, that it hardly seemed real. That's because it wasn't …

Knight, Gates donate $3.25M to project aimed at media metrics — The John S. and James L. Knight Foundation and the Bill & Melinda Gates Foundation are aiming some serious scratch at a problem Meena Thiruvengadam wrote about on Poynter.org recently. — “Despite advances in big data …
Discussion:
New York Times, Knight Foundation and Knight Foundation


Twitter Hires CBC's Kirstine Stewart As Managing Director (And First Team Member) For Twitter Canada — Canadian broadcasting executive Kirstine Stewart has joined Twitter as managing director for Twitter Canada. — The announcement was just tweeted by Adam Bain, Twitter's president of global revenue.
Discussion:
AllThingsD, Macleans.ca and canada.com


Financial Times: ‘There is no drawback to working in HTML5’ — FT.com managing director Rob Grimshaw on apps evolution, paywall prospects and why BuzzFeed is ‘absolutely fascinating’ — Nearly two years since the Financial Times launched its HTML5 web app in June 2011 …
Discussion:
AllThingsD and eMedia Vitals


Huffington Post to launch German edition — The Huffington Post has announced the launch of a German-language edition for Germany, Austria and Switzerland in conjunction with Tomorrow Focus AG, a provider of digital media content in Germany. The partnership will be led largely by Tomorrow Focus AG …
Discussion:
NetNewsCheck Latest, Bloomberg, The Huffington Post, ABCNEWS, paidContent and CNN


Vox Media Steps Up Its Ad Push With The Launch Of Vox Creative, CEO Jim Bankoff Says Company Will Be Profitable This Year — Vox Media, publishers of the SBNation, Verge and Polygon blogs, is getting down to business with monetizing its content with the launch of Vox Creative …
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VentureBeat