Top News:
New York Times:
Sweeping Leak Inquiries Reveal How Wide a Net U.S. Has Cast — WASHINGTON — Even before the F.B.I. conducted 550 interviews of officials and seized the phone records of Associated Press reporters in a leak investigation connected to a 2012 article about a Yemen bomb plot …
Discussion:
Forbes, @mlcalderone, Mother Jones, @mlcalderone, Dallas Morning News, Mediaite, Boing Boing and New York Magazine
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Amy Chozick / New York Times:
News Corp. Says It Was Not Told of Subpoena for Reporter's Phone Records — News Corporation said on Sunday that it had no record of being notified by the Justice Department nearly three years ago of a subpoena for the telephone records of a reporter at its Fox News cable channel.
Discussion:
Wall Street Journal, The Verge and Twitchy
Christine Haughney / New York Times:
Press Sees Chilling Effect in Justice Dept. Inquiries — President Obama's conciliatory gesture toward the press this week — a review of Justice Department investigations involving journalists — struck some national security reporters as closing the door after the sources have already bolted.
Discussion:
@coreyhutchins, Boing Boing, CNN and Free Press
Devlin Barrett / Wall Street Journal:
DOJ Notified News Corp. About Phone-Record Seizure — The Justice Department notified the parent company of Fox News more than two years ago about its seizure of phone records belonging to one of its reporters, a Fox official said Saturday. — The parent company, News Corp . …
Discussion:
CNN
Brian Stelter / New York Times:
Plans for American Al Jazeera Channel Shifting Focus to U.S. News — While it has a foreign name, the forthcoming Al Jazeera cable channel in the United States wants to be American through and through. — When Al Jazeera's owners in Qatar acquired Al Gore's Current TV in January …
Fernando Alfonso III / Daily Dot:
The real origins of Tumblr — Months before Yahoo's $1.1 billion acquisition turned him into an overnight media sensation, David Karp recounted the creation of Tumblr at the Austin Convention Center during the South by Southwest Interactive conference in March. “I wanted that presence myself.
Discussion:
Business Insider and The Verge
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Adam Rifkin / AllThingsD:
Why Tumblr Was a Massive Steal for Yahoo — The blockbuster acquisition of Tumblr by Yahoo for $1.1 billion — all cash — has been portrayed as a gigantic gamble on the part of the acquirer. However, for those of us who believe there can be specific guidelines around the valuation of interest graphs …
Discussion:
Wall Street Journal
Kara Swisher / AllThingsD:
Yahoo's Bid for Hulu in $600M to $800M Range — Even as It Preps Other Big Deals in Mobile and Communications — According to numerous sources close to the situation, Yahoo has bid from $600 million to $800 million for the premium video site Hulu. — The reason for the wide range is due …
Discussion:
TechCrunch, CNET, @jasonhirschhorn, The Verge, Electronista, Bloomberg, VentureBeat, Home Media Magazine and ZDNet
Brian Morrissey / Digiday:
Behind Twitter's Savvy Embrace of TV — Internet companies for the past decade plus have looked at TV with a mix of envy and disdain. The envy springs from the $120 billion the TV industry rakes in annually, a number that reliably climbs even as Internet execs scream hysterically with their Mary Meeker time-spent slides in hand.
Discussion:
@chloes
Ken Doctor / Nieman Journalism Lab:
The newsonomics of value exchange and Google Surveys — What happens when a reader hits the paywall? — Only a small percentage slap their foreheads, say “Why didn't I subscribe earlier?” and pay up. Most go away; some will come back next month when the meter resets.
Discussion:
Street Fight
Derek Thompson / The Atlantic Online:
If Cable Is Dying, Why Is It Still Making So Much Money? — The story behind one of the best business models in the country — in lots and lots of graphs. — Every few weeks, some tech writer holds up a media analyst report allegedly showing, once and for all, that the cable guys have finally lost …
Discussion:
The Dish
Meg James / Los Angeles Times:
News Corp. to take up to $1.4-billion write-down in publishing — News Corp. disclosed that it would take as much as a $1.4-billion write-down in publishing during the current fiscal quarter. Rupert Murdoch, chief executive of the corporation, is pictured here in 2011. (Justin Sullivan / Getty Images / May 24, 2013)
Discussion:
ParisLemon
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Crayton Harrison / Bloomberg:
News Corp. Publishing Unit Gets $500 Million Buyback Fund
Discussion:
Forbes, New York Times, @edgecliffe, @edgecliffe, @sherman4949, @cnbc, @berkowitzrtrs, @sherman4949, @sherman4949, Los Angeles Times, paidContent, Associated Press, Financial Times, Guardian and BBC
Kevin Davis / NetNewsCheck Latest:
INN Starts Backing Nonprofit News Startups — After a 19-month wait to secure its own 501(c)3 status, the Investigative News Network has started to sponsor nonprofit news projects. “Fiscal sponsorship allows these early-stage nonprofits to accept donations from philanthropists and foundations …
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