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9:35 PM ET, May 26, 2013

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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.
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, The Next Web and The Verge
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.
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 …
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
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 …
Kim Zetter / Wired:
WikiLeaks Donations Down to a Trickle  —  As WikiLeaks founder Julian Assange approaches the one-year anniversary of his confinement in the Ecuadorian Embassy in London, a report released Wednesday reveals that donations to the secret-spilling site have dwindled to a trickle.
 
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 More News: 
Alan Murray / Pew Research Center:
Introducing Fact Tank
Josh Halliday / Guardian:
Government should reopen talks on press regulation, says Alan Rusbridger
Discussion: Big News Network.com
Meg James / Los Angeles Times:
News Corp. to take up to $1.4-billion write-down in publishing
Discussion: ParisLemon
Tom McCarthy / Guardian:
Gawker's bid to give $200,000 to Canadian drug dealers hits slight snag
 Earlier Picks: 
Ira Teinowitz / The Wrap:
D.C. Broadcasters Sue Aerokiller for Copyright Infringement
Discussion: Hollywood Reporter and paidContent
Matt Schudel / Washington Post:
Haynes Johnson, longtime Washington Post journalist, dies at 81
Andrew Beaujon / Poynter:
Emilio Garcia-Ruiz named managing editor of The Washington Post