Top News:


IAC Seeking Buyers for Newsweek (EXCLUSIVE) — Newsweek appears to be on the block — again. — According to sources who have been briefed, IAC is sending out inquiries to prospective buyers who may be interested in purchasing the 80-year-old title, which ended weekly publication …
Discussion:
Politico, paidContent, FishbowlNY, Adweek, Reuters, @felixsalmon, @daschles, @peterlauria3, @shirleybrady, @tunkuv, @sarahw, @grahamdavida, @jenzchang, @qhardy, @mattyglesias and @jayrosen_nyu
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Newsweek confirms it is eyeing sale — Newsweek CEO Baba Shetty and editor-in-chief Tina Brown have just sent the following memo to staff, confirming earlier reports that parent-company IAC is exploring a sale of the now online-only magazine: … Developing.
Discussion:
The Huffington Post, Mashable and National Review


Barry Diller Is Shopping Newsweek. Here's Why. [Updated] — Most rational business people wouldn't go out of their way to deprecate the value of an asset a few weeks before they try to sell it. As he has made abundantly clear throughout his career, however, Barry Diller is not most people.
Discussion:
Capital New York and New York Magazine


Apple's Tim Cook Has a “Grand Vision” for Television — And Still Won't Talk About It — No surprises here — at our 11th D: All Things Digital technology conference, Apple CEO Tim Cook is still staying mum on the company's plans for a proper TV set. — However!
Discussion:
GigaOM, NYT Bits, VentureBeat, Forbes, CNET, The Week, AdAge, The Mac Observer, The Wrap and Softpedia News
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Apple CEO: We rejected DOJ settlement in e-book suit — With an impending trial in June, Apple CEO Tim Cook maintains that the company had nothing to do with facilitating a conspiracy to raise prices of e-books. — As the last company standing in the upcoming lawsuit over e-book price fixing …
Discussion:
VentureBeat, GigaOM, AllThingsD and Softpedia News


Larry King joins RT with brand new politics show — Award-winning interviewer Larry King will host a mold-breaking political talk show on RT from next month, speaking to both leading establishment figures, and those who are not afraid to go against the grain.
Discussion:
Politico, TVNewser, Gawker, Mediaite, Broadcasting & Cable, Daily Mail, Business Insider, New York Magazine, BBC, The Wrap, Variety and The Huffington Post


Thomson Reuters hires Economist Group chief to head news agency arm — Andrew Rashbass to leave publisher after 15 years, having led digital transformation from print to digital business — Andrew Rashbass, the chief executive of the Economist Group, is to join Thomson Reuters …
Discussion:
New York Times and Globe and Mail
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Why a Media Shield Law Isn't Enough to Save Journalists — The only way journalists will be protected is if prosecutors stop being so quick to go after them. — I'm all for a shield law to protect journalists and their sources from government prosecutors. I hope Congress passes one.
Discussion:
Kirk LaPointe's …
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Shield Law More Like a Cheap Umbrella
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Mediaite, Hit & Run, Broadcasting & Cable and New Yorker

Marco Arment Sells “The Magazine” to Its Editor, Glenn Fleishman — Instapaper founder and Tumblr's first employee sells popular electronic magazine — SEATTLE and HASTINGS-ON-HUDSON, N.Y., May 29, 2013 /PRNewswire-iReach/ — The Magazine, a popular electronic magazine …
Discussion:
Marco.org, @jswatz, The Next Web and Valleywag


Eric Holder To Meet With Washington Bureau Chiefs Amid Leak Investigation Criticism — NEW YORK — U.S. Attorney General Eric Holder is expected to meet this week with the Washington bureau chiefs of several major media outlets to discuss the Justice Department's guidelines for dealing with journalists in leak investigations.
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Attorney general signed off on Fox phone records subpoena
Discussion:
The Daily Beast


TuneIn raises $25 million, nabs new CFO from Google to monetize radio streaming — Palo Alto, California-based TuneIn has raised a new $25 million round of funding, and it plans to put that money to good use. TuneIn CEO John Donham told me Tuesday that he intends to spend a big chunk …
Discussion:
Forbes, TechCrunch, VentureBeat, CNET and Bloomberg

Study: One-Quarter of Tablet Owners Prefer Digital Magazines Over Print — As device sales grow, that metric could balloon to 65 percent by 2020. — Digital publishing consultancy Mequoda Group released results of a recent survey that examined the usage and content consumption of tablet owners.
Discussion:
Mequoda Daily

Deep Inside NBC Universal's Corporate Culture Makeover — Chief Executive Steve Burke has methodically dispatched with nearly every high level executive from the Jeff Zucker regime. Now it's “all business” — for better or for worse. — Roughly three years into Comcast's ownership of NBC Universal …
Discussion:
The Corsair and Los Angeles Times

Ugandan police fire tear gas at journalists protesting crackdown — (Reuters) - Ugandan police fired tear gas at journalists in the capital Kampala on Tuesday who were protesting against a media crackdown after press reports sparked a rare public debate on who will succeed aging President Yoweri Museveni.

SPJ Seeks Delay in Vote on Restricting Newtown Victims' Records — Says tragedy should not be used as an excuse to block access to public documents — The Society of Professional Journalists has asked the Connecticut state legislature to delay a vote on a bill to restrict outside access …
Discussion:
SPJ News