Mediagazer: Tribune Publishing to take on $325 million in debt (Robert Channick/Chicago Tribune)

1:35 PM ET, April 12, 2014

Top News:

Leslie Kaufman / New York Times:

Texas Monthly to file lawsuit over hiring of Jake Silverstein as editor of NYT Magazine — Texas Monthly to Sue New York Times Over Magazine Editor — The publisher of the Texas Monthly is expected to file a lawsuit against The New York Times and Jake Silverstein, the Monthly's editor …

Joe Pompeo / Capital New York:

Texas Monthly owner: We aren't suing Jake Silverstein — AUSTIN, TEX.—Texas Monthly parent company Emmis Publishing tells Capital that they're not suing outgoing editor-in-chief Jake Silverstein over his decision to accept a job with The New York Times as the editor of its Sunday magazine.

Discussion: @buzzfeedben

Robert Channick / Chicago Tribune:

Tribune Publishing to take on $325 million in debt — Tribune Publishing, the newspaper division of Chicago-based Tribune Co., will carry at least $325 million of debt when it spins off as a standalone company, according to a filing with the Securities and Exchange Commission Friday.

Discussion: @dangillmor

Andrew Beaujon / Poynter: Henry Waxman asks Tribune CEO to reconsider newspaper spinoff

Jeanine Poggi / AdAge:

Viacom Looks to Set Social Media Guarantees — Partners with Mass Relevance on Tool to Measure Engagement Across Social Media — Cactus — Viacom is taking steps toward offering advertisers guarantees for the social media impact it can give them. — The company, which owns networks …

Discussion: Marketing Land

Diego Cruz / Journalism in the Americas:

Digital vulnerability could endanger online media's private information — The vulnerability can affect news organizations' websites, as well. — Earlier this week, experts discovered a code defect in software used by almost two thirds of the Internet to encrypt private information …

Discussion: Heartbleed, Gigaom, The ProPublica Nerd Blog, USA Today, The Next Web and Forbes

Paul Bischoff / Tech in Asia:

Weibo's content gap: just 5% of users post nearly all original content — Another scathing report documenting Sina Weibo's decline hit the press yesterday, just one week before the Twitter of China lists on the US stock market. — This one comes from the South China Morning Post via Hong …

Discussion: South China Morning Post

Amanda Holpuch / Guardian:

Journalists who broke NSA story in Guardian dedicate award to Snowden — The journalists who first revealed the extent of the National Security Agency's surveillance activities on Friday dedicated a prestigious award to their source, Edward Snowden. — Glenn Greenwald and Laura Poitras …

Discussion: Bloomberg, The Huffington Post, RT, The Republic and VentureBeat

Todd Spangler / Variety:

Android TV: Why Google Needs a Second Path to Television — Google has a runaway hit with Chromecast, the cheap, lightweight adapter for slinging Internet video to HDTVs, selling millions of the $35 dongles (just 30 bucks on Amazon!) since its launch last summer.

Kara Swisher / Re/code:

IAC bought 11% of Tinder from Palihapitiya for only $55M, valuating company at $500M — Hot but Not That Hot: Tinder Stake Sale Puts Valuation of Whole Startup at $500 Million — As in dating online, a Bloomberg report from earlier today that put the valuation of popular dating app Tinder …

Discussion: Forbes, Fortune, TechCrunch, VentureBeat and Bloomberg

Press Association:

Metro editor Kenny Campbell to be replaced by NY Daily News' Ted Young — Young to take charge at UK national freesheet, returning to Associated Newspapers after previously editing Mail Online — The editor of Metro, Kenny Campbell, has left after 15 years with the newspaper.

Discussion: Guardian

BuzzFeed:
“Metro” Editor Kenny Campbell Leaves Newspaper

Discussion: @richjm

Meg James / Los Angeles Times:

CBS' Leslie Moonves paid $67 million in 2013; Redstone gets $57 million — Leslie Moonves, chief executive of CBS, has earned plenty of pocket change. (Evan Agostini / Associated Press) — CBS Corp. Chief Executive Leslie Moonves remains the king of media compensation.

Discussion: Los Angeles Times

Andy Fixmer / Bloomberg:
CBS's Moonves Says Woman Would Be ‘Great’ as ‘Late Late’ Host

Discussion: Hollywood Reporter, Gawker and @alexweprin

David Kravets / Ars Technica:

Appeals court reverses hacker/troll “weev” conviction and sentence [Updated] — Appeals court skirts Computer Fraud And Abuse Act analysis. — A federal appeals court Friday reversed and vacated the conviction and sentence of hacker and Internet troll Andrew “weev” Auernheimer.

Discussion: TechCrunch, Hollywood Reporter, Engadget, New York Times, Reuters, Washington Post, Forbes, Guardian, Techdirt, @falconred and @kmactane

Greg Kumparak / TechCrunch:

Reddit Starts Listing Trending Subreddits To Get More Users Into Its Smaller Communities — Subreddits are, perhaps, reddit's biggest strength. Introduced in 2008, they're a huge part of the reason why the site rose to popularity, and why that popularity has yet to taper off.

Discussion: Re/code, Mashable, The Next Web and Electronista

Chris Velazco / Engadget:

Facebook report shows where and how often it blocked illegal content — Facebook's plan isn't a secret: Mark Zuckerberg wants to connect the world, be it through the website proper or a buzzy, expensive mobile messaging app. Breaking down communication barriers also means some of the company's millions …

Discussion: Facebook, The Verge and The Next Web