Mediagazer: Google now believed to be world's biggest media owner with revenue of $37.9bn (PressGazette)

3:00 PM ET, May 31, 2013

Top News:

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 …

Jade Walker / The Huffington Post:

White House Press Corps Website, Twitter Feed Appears To Have Been Hacked — The White House Press Corps homepage and Twitter feed appears to have been hacked early Friday. — Just before 2 a.m., tweets began flowing into @whpresscorps, complaining about bias in the media.

Discussion: The Wrap and FishbowlDC

Devlin Barrett / Wall Street Journal:

Holder Pledges Shifts on Media — Attorney General Eric Holder told news editors in a private meeting Thursday that he is committed to changing Justice Department guidelines on investigations involving journalists, in the wake of recent controversies over the seizure of reporters' phone and email records.

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

Ron Fournier / NationalJournal.com:
7 Reasons Why the Media Shouldn't Keep Eric Holder's Secrets

Discussion: Kirk LaPointe's …, kspr.com, Mediaite, FishbowlNY, RT and The Huffington Post

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, FishbowlNY, Ubergizmo, Pulse 2.0, 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: International Business Times and Business Insider

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 and NetNewsCheck Latest

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

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: Adweek and Business Insider

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: Deadline.com and Variety

Jasper Jackson / The Media Briefing:

Smart marketing or a waste of time? #Guardiancoffee and five more media brand extensions — The Guardian's Coffee shop offically launches later today but it's already creating a storm on Twitter, couldn't be much more fitting with the liberal newspaper group's brand ethos.

Discussion: pressgazette.co.uk, VICE, eMedia Vitals, Eater National, @fleetstreetfox and The Commentator

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.

Associated Press:

Ugandan police end occupation of newspaper they seized over a general's controversial letter — KAMPALA, Uganda — Ugandan police on Thursday ended their occupation of a newspaper after 10 days during which they looked for evidence against an army general accused of publicly discussing politics.

Discussion: Reporters Without Borders, DW.DE, english.rfi.fr and Reuters