Mediagazer: CBS acquires TV Guide Digital's TVGuide.com (Dawn C. Chmielewski/Los Angeles Times)

5:05 PM ET, May 31, 2013

Top News:

David Ingram / Reuters:

After news editor boycott, U.S. attorney general loosens rules — U.S. Attorney General Eric Holder loosened his rules for speaking with media editors on Friday during a second day of meetings with them about his Justice Department's handling of investigations that involve reporters, the editors said.

Charlie Savage / New York Times:

New Rules May Rein In Prosecutors in Leak Investigations — WASHINGTON — Attorney General Eric H. Holder Jr., under fire over investigative tactics in leak cases, has opened internal discussions over tightening rules on when prosecutors may seek phone logs and other information …

The Maynard Institute for Journalism Education:

Holder to Meet With Journalists of Color — “It Was Always His Plan,” a Staffer Says of the Outreach — The Justice Department, having met with white representatives of the news media Thursday, plans to reach out to the journalist of color associations, the black press …

Devlin Barrett / Wall Street Journal:
Holder Pledges Shifts on Media

Discussion: TVNewser, The Huffington Post, NY Daily News, Reuters, Mediaite, kspr.com, The Huffington Post, Law Blog, New York Magazine, The FJP, Politico and NationalJournal.com

Bloomberg:

DirecTV Said Among 3 Hulu Bidders at $1 Billion or More — DirecTV (DTV), the second-biggest U.S. pay-TV service, and two other bidders are each offering at least $1 billion for Hulu LLC, the online video website, said people with knowledge of the bid. — The other two couldn't be identified immediately.

Discussion: Los Angeles Times and The Verge

Nick Summers / The Next Web:

News Corporation takes on LinkedIn with WSJ Profile, a social network for The Wall Street Journal — Following its catastrophic failure with Myspace, News Corporation is preparing to dive back into the social networking game through an expansion of The Wall Street Journal website.

Discussion: paidContent, Los Angeles Times, Ubergizmo, Pulse 2.0, FishbowlNY, bizjournals, bizjournals, Fast Company, Gizmodo, Engadget and Business Insider

Mark Decambre / New York Post:

Bloomberg CEO frustrated he can't hold top editor more accountable for spying scandal — Bloomberg LP CEO Dan Doctoroff has privately expressed frustration with founding Editor-in-Chief Matt Winkler's Teflon status in the fallout from the company's spying scandal.

Discussion: Business Insider and International Business Times

Dawn C. Chmielewski / Los Angeles Times:

CBS acquires TV Guide Digital's TVGuide.com — CBS acquired TV Guide Digital from Lionsgate. The mobile application provides expanded features, such as a watch list that alerts viewers when they can watch a favorite TV show or actor. (TV Guide Digital) — CBS Corp. has acquired TV …

Discussion: Lost Remote, Deadline.com, The Wrap, TVNewser, Broadcasting & Cable, Reuters, Hollywood Reporter, Variety and @cbsi

Rem Rieder / American Journalism Review:

An Ethical Stumble in Philadelphia — Philly.com adds Gov. Tom Corbett and one of his rivals to its roster of columnists. Fri., May 31, 2013. — Rem Rieder (rrieder@ajr.umd.edu) is AJR's editor and senior vice president. — It's a staggeringly bad idea.

Sam Biddle / Valleywag:

Tumblr's Creative Director Quits — Jacob Bijani joined Tumblr as one of its original, most formative employees (and its first designer/product engineer) back in 2008—when a $1.1 billion Yahoo buyout was unfathomable. Now he's leaving. — According to a farewell post on Bijani's site …

Discussion: Jacob Bijani, CNET, Adweek, @jcb, The Next Web, Business Insider and WebProNews

PressGazette:

Google now believed to be world's biggest media owner with revenue of $37.9bn — Google is now the world's largest media owner, according to ZenithOptimedia's Top Thirty Global Media Owners report. — It estimates that in 2012 Google accounted for 65 per cent of all internet searches across …

Discussion: FishbowlNY, NetNewsCheck Latest and Kirk LaPointe's …

Edmund Lee / Bloomberg:

Time Warner CEO Sells 81% of Direct Holdings in Company — Jeffrey Bewkes, the chief executive officer of Time Warner Inc. (TWX), sold 81 percent of his direct holdings in the media company for $12.2 million, capitalizing on a 25 percent gain in the stock this year.

Discussion: Bloomberg

Joe Pompeo / Capital New York:

‘New York’ mag hires new online deputy, as traffic grows — New York magazine has a new deputy editor for its website. — Jebediah Reed started in the job on Tuesday, replacing Adam Pasick, who's now at Quartz, Atlantic Media's digital title for financial jetsetters.

Discussion: The New York Observer