Mediagazer: Buffett predicts 10 pct return on his newspapers (Associated Press)

11:50 AM ET, May 6, 2013

Top News:

Michael Calderone / The Huffington Post:

Howard Kurtz Downplays Role At Daily Download — NEW YORK - On Sunday's “Reliable Sources,” CNN host and media critic Howard Kurtz apologized for falsely claiming that NBA player Jason Collins didn't reveal that he was once engaged to a woman when coming out last week in Sports Illustrated.

Discussion: BuzzMachine, Politico, Daily Download, TVNewser, The Huffington Post, Variety, FishbowlNY, Tampabay.com, @jayrosen_nyu and Hollywood Reporter

Dan Kennedy / Media Nation:

The Knight Foundation's curious funding decisions — Among the odder aspects of Howard Kurtz's very bad week (as reported by Michael Calderone of the Huffington Post) is the revelation that Daily Download, the thoroughly mediocre (at best) website with which Kurtz is more or less associated …

Discussion: @jayrosen_nyu and The Huffington Post

Leslie Kaufman / New York Times:

BuzzFeed Takes Steps to Expand Foreign News — BuzzFeed, the swiftly growing social news site, has decided it is time to move beyond top 10 lists, animal videos and political coverage. It is going foreign. — The site recently posted a hiring notice for a foreign editor that said BuzzFeed wanted …

Discussion: FishbowlNY and @buzzfeedben

Sharon Waxman / The Wrap:

Who Will Run Al-Jazeera America? Who's In, Who's Out, Who Passed (Exclusive) — The scoop on the leading candidates of the biggest new news network to hit cable — One of the biggest jobs in media is a new position and a high-risk opportunity: running Al Jazeera America.

Discussion: Politico and TVNewser

David Carr / New York Times:

For Media Moguls, Paydays That Stand Out — What's the difference between a media mogul and a chief executive elsewhere in the business world? About $10 million in compensation, give or take. — Leaders in other industries may be well paid, but as the accompanying chart shows, they earn far less than their media counterparts.

Discussion: The Newspaper Guild

Brett LoGiurato / Business Insider:

Journalists Get Beat Up And Threatened After Going To A Kentucky Town To Report On Guns — Reporters covering a horrific gun death in the small town of Burkesville, Ky., were rejected by the town's residents, some of whom threatened reporters with violence and ended up carrying out those threats.

Discussion: New York Times and Business Insider

Dan Kennedy / Nieman Journalism Lab:

A community news co-op, aiming to build a replicable model, moves a step closer to reality — It was as incongruous a situation as I could imagine. April 19 was one of the most gripping news days we have ever experienced in Massachusetts. Dzhokhar Tsarnaev, the younger of the suspected marathon bombers, was in hiding.

Margaret Sullivan / New York Times:

Repairing the Credibility Cracks — THE scandal that exploded 10 years ago last week was epic, as world-class as the newspaper where it happened. — Jayson Blair, a young Times reporter, lied and faked and cheated his way through story after story — scores of them, for years.

Discussion: Kirk LaPointe's …, @carloslozadawp, @jeffjarvis and Pressing Issues

Greg Sandoval / The Verge:

Aereo files suit against CBS to head off second copyright claim from network — Aereo has filed a complaint against CBS in an effort to prevent the network from filing additional lawsuits against the fledgling service. — Aereo is a web TV service that enables users to view over-the-air broadcasts via the web.

Discussion: AllThingsD, TechCrunch and Hollywood Reporter

Sarah Perez / TechCrunch:

Panna, A Video-Based Cooking “Magazine” For iOS, Raises $1.35 Million — Panna, a video cooking magazine iOS application which connects users to celebrity chefs, has raised $1.35 million in a round of funding led by Anthem Ventures. Others participating include Lerer Ventures, Crosslink Ventures …

Discussion: AllThingsD

Associated Press:

Buffett predicts 10 pct return on his newspapers — OMAHA, Neb. (AP) — Billionaire Warren Buffett says Berkshire Hathaway shareholders should expect decent returns on the newspapers the company has bought in recent years. — But Buffett said at Saturday's meeting that he doesn't expect …

Taylor Berman / Gawker:

Rush Limbaugh Threatens to Leave Network Over Blame for Poor Ad Sales — Penis scientist Rush Limbaugh is reportedly upset with executives at his flagship station WABC and its parent company, Cumulus. He's so mad, in fact, that's he's reportedly threatening to leave the company. Why?