Mediagazer: What Bloomberg employees can see when they snoop on customers (Zachary M. Seward/Quartz)

6:00 PM ET, May 11, 2013

Top News:

Steve Liesman / CNBC:

Fed, Treasury Examining Bloomberg Use of Terminal Data — Both the Federal Reserve and the US Treasury Department are examining the extent to which Bloomberg-terminal usage by top officials might have been tracked by Bloomberg journalists, CNBC has learned.

Discussion: AllThingsD and Business Insider

New York Times:

Privacy Breach on Bloomberg's Data Terminals — A shudder went through Wall Street on Friday after the revelation that Bloomberg News reporters had extracted subscribers' private information through the company's ubiquitous data terminals to break news. — The company confirmed that reporters …

Discussion: PandoDaily, @kevinroose, @kashhill, @felixsalmon, The Verge, Business Insider, Beyond Search, @nycjim, New York Post and Bloomberg

Zachary M. Seward / Quartz:

What Bloomberg employees can see when they snoop on customers — Bloomberg LP is in damage-control mode. Some of its largest customers have publicly accused the firm's journalists of snooping on their usage of Bloomberg terminals, the firm's wildly profitable information service for investors.

Discussion: TVNewser, ValueWalk, The Huffington Post, Macleans.ca, The Week and New York Magazine

Julia La Roche / Business Insider:
BLOOMBERG SPYING SCANDAL ESCALATES: Reporters Used Terminals To Spy On JPMorgan During ‘London Whale’ Disaster

Discussion: Financial Times, Gawker, The Week, Salon and Talking Biz News

Joe Pompeo / Capital New York:

Tough times at ‘Columbia Journalism Review’ as an editor departs, others are laid off, and funding looks shaky — In media, there are big fish and little fish. Which is why the appointment of Cyndi Stivers as editor-in-chief of AOL.com didn't create a lot of noise about what would happen …

Discussion: New York Magazine, Folio, @jaysonblair7, @tmcgev, @katz, @sdkstl, @ryanchittum, @germanotes, @alecmacgillis, @jcstearns, @abeaujon, @sdkstl, @johngushue, @jayrosen_nyu, @mathewi, @justinnxt, @ryanchittum, @mediatwit and AOL Blog

Rick Gladstone / New York Times:

Pakistan Orders New York Times Reporter Declan Walsh to Leave — Pakistan's Interior Ministry has ordered the expulsion of The New York Times bureau chief in Islamabad on the eve of national elections, the newspaper said Friday. The Times has strongly protested the move and is seeking his reinstatement.

Discussion: Guardian, Committee to Protect …, @nahaltoosi, @humaimtiaz, @fispahani, @mikedwyermike, @declanwalsh, @clarajeffery and National Updates

Bill Carter / New York Times:

In Blow to NBC News, ‘Rock Center’ Is Canceled — Among the cancellations announced this week in anticipation of Monday's unveiling of a new prime time schedule, surely the hardest to take for NBC News is the closing notice for “Rock Center,” the ambitious newsmagazine program that hoped …

Discussion: Los Angeles Times, Hollywood Reporter, The Huffington Post, Indiewire Blogs …, The Daily Beast, Baltimore Sun, New York Magazine and Mediaite

Om Malik / GigaOM:

How the New York Times can fight BuzzFeed & reinvent its future — If I ever run into New York Times executive editor Jill Abramson (unlikely as it might be) I will sure as hell let her know that she is absolutely right to be excited about what her paper did with Snow Fall …

Discussion: Journalism.co.uk

Jack Marshall / Digiday:

The Problem With Digital Ad Studies — Digital media always needs to prove itself. It's new. It doesn't have the track record and established methodologies of traditional media. That's why research is so important. But when it's done in digital, it's often paid for by the vendors selling these services.

Ashlee Vance / Businessweek:

Netflix, Reed Hastings Survive Missteps to Join Silicon Valley's Elite — On a normal weeknight, Netflix (NFLX) accounts for almost a third of all Internet traffic entering North American homes. That's more than YouTube, Hulu, Amazon.com (AMZN), HBO Go, iTunes, and BitTorrent combined.

Rachel McAthy / Journalism.co.uk:

Why Piano Media is pushing the Solo paywall in western Europe — A look at Piano Media's approach to paywalls as it enters the UK and other markets in western Europe, following the launch of Piano Solo — Read more — Other top stories — Also on Journalism.co.uk...

Douglas Martin / New York Times:

Alan Abelson, Who at Barron's Was a Thorn in Wall Street's Side, Dies at 87 — Alan Abelson, a former top editor of Barron's magazine who made waves — sometimes tsunamis — by writing a pugnacious, sagacious stock market column that denounced Wall Street hucksterism and routinely rocked share prices, died on Thursday in Manhattan.

Discussion: Bloomberg, Barron's Online and Wall Street Journal

Peter Kafka / AllThingsD:

YouTube's New Subscription Service: Stars Not Included — YouTube finally rolled out its paid subscription service yesterday, which generated a lot coverage. — But the YouTube folks went out of their way to downplay the launch, describing it is as the first stage of an experiment.

Discussion: VideoNuze Analysis, Light Reading, CMSWire.com and hypebot