Mediagazer: Adel al-Toraifi: Why newspaper editors should be CEOs, not columnists (Ben Flanagan/Alarabiya.net English)

9:00 AM ET, June 1, 2013

Top News:

Hunch About Bloomberg Brought Rivals Together — Goldman Sachs and JPMorgan Chase are usually bitter rivals, competing for lucrative banking and trading business. But one day in April, the Wall Street titans found common ground: frustration with the Bloomberg news and financial data empire.

Discussion: Talking Biz News, Business Insider and New York Post

Kenneth Irby / Poynter:

John White's 44-year career at The Chicago Sun-Times has been rooted in faith and professionalism. It's a career he refers to as “an assignment from God.” — Earlier this week, that career came to an end on what some photographers have called the darkest day in Sun-Times photojournalism history.

Discussion: Assignment Chicago, The Huffington Post, PetaPixel, Daily Dot and ReadWrite

Jeff Jarvis / BuzzMachine:

To the dauntless lensmen — The Sun-Times was wrong and right when it fired its entire photo department. — Wrong: Images are more important than ever. Look at this page: Medium practically forces us to include a photo with every post. On Google+ posts sans images get little love.

Discussion: Taking Note and Guardian

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: SlashGear, @pkafka, Engadget, Los Angeles Times, The Verge and Home Media Magazine

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.

Discussion: The Huffington Post, ABCNEWS and Bloomberg

The Maynard Institute for Journalism Education: Holder to Meet With Journalists of Color

Peter Sterne / The New York Observer:

Atlantic Media Fails Hacking Test — Earlier today, everyone at Atlantic Media received an email warning them to “reverify” their Google Apps account. But the email wasn't actually sent from Google, it was from Atlantic Media's Chief Technology Officer Tom Cochran, who wanted to test …

Katy Bachman / Adweek:

Small Internet Businesses Head to Hill With Mozilla Topping Agenda — Small Internet publishers have been to Washington before to tell their story, but this time they are gathering with a singular purpose: to persuade lawmakers to put more pressure on Mozilla to change its plans …

Ben Flanagan / Alarabiya.net English:

Adel al-Toraifi: Why newspaper editors should be CEOs, not columnists — When Adel al-Toraifi was appointed editor-in-chief of Asharq al-Awsat, the world's biggest pan-Arab newspaper, one of the last things on his mind was writing. — Launched in London in 1978, the newspaper is printed …

Sarah Perez / TechCrunch:

As TV Falls Apart, Tumblr And Twitter Aim To Pick Up The Pieces — For years, it's been said that Internet use would cut into the time U.S. consumers spend watching television. Today, those premonitions are beginning to reach the tipping point. TV ratings have dropped by 50 percent over the last decade.

John Plunkett / Guardian:

The Guardian profile: Deborah Turness — After nearly 10 years in charge of ITV News, the new president of NBC News is expected to shake up the US media scene — Not many television executives get their kicks away from the glare of the studio lights by going rally driving.

Adi Robertson / The Verge:

Journal site Xanga tries to fend off an impending shutdown with fundraising drive — It's a sad day for the old internet. Xanga — which has long tagged behind LiveJournal as a journaling platform — is running out of time: in a blog post, the team behind it said they'll be forced to shut …

Discussion: Valleywag and Betabeat

John Eggerton / Broadcasting & Cable:

Appeals Court Affirms Decision to Deny Nexstar Injunction Against Time Warner Cable — Agrees that plain language of contract allows for importation of distant signals — TV stations may want to re-read their retrans contracts to see whether they, too could be subject to distant signal importations.

Discussion: Variety and The Wrap