Mediagazer: Lewis Katz and Gerry Lenfest win control of Inquirer papers with $88M bid (David Sell/The Inquirer)

4:55 PM ET, May 27, 2014

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Margaret Sullivan / New York Times:

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Discussion: Mediaite, Capital New York, Talking Points Memo, @dandrezner, @joshuafoust, @tejucole, @blakehounshell, @jonahweiner, @moorehn, @thomas_drake1, @tnycloseread, @jayrosen_nyu, @jpodhoretz, @tomtomorrow, @ggreenwald, @roypeterclark, @froomkin and The Huffington Post

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David Sell / The Inquirer:

Lewis Katz and Gerry Lenfest win control of Inquirer papers with $88M bid — Katz, Lenfest win control of Inquirer parent company — Inquirer co-owners Lewis Katz and H.F. “Gerry” Lenfest won control of newspaper and its parent company Tuesday after a bidding war with other owners in a private auction at a Philadelphia law firm.

Discussion: inquirer.com, Poynter, Associated Press, @phillyinquirer, The Daily Beast, Washington Post, The Huffington Post and The Newspaper Guild

Ken Auletta / New Yorker:

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Chris Ariens / TVNewser:

Six of 10 Highest Paid CEOs are in Media — The AP and Equilar are out with the top 50 highest paid CEOs list. And it's quite possible you work for one of their companies, as six of the top 10 head media conglomerates, including: 2. Leslie Moonves (right), CBS Corp., $65.6 million, up 9 percent 5.

Discussion: Mediaite, Associated Press, FishbowlNY, The Tell and Lost Remote

Ingrid Lunden / TechCrunch:

Indie E-Book Printer Blurb Buys Graphicly; Will Shut Down Comic E-Publishing Platform — As the ongoing dispute between Amazon and Hachette sees the huge online retailer continue to block and/or delay sales of some of the publisher's books, two smaller startups in the industry are merging forces.

Discussion: Publishers Weekly, Business Wire, Medium, VentureBeat and Talking New Media

John McDermott / Digiday:

Twitter, Facebook battle YouTube for video ad cash — Social platforms Twitter and Facebook spent Upfronts week trying to woo TV buyers with their respective ad products. But while the two platforms certainly have the reach needed to pique buyers' interests, whether social can compete …

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Dan Hart / Bloomberg:

Hachette Apologizes to Authors Caught in Amazon Dispute — Hachette Book Group apologized to its authors for a dispute with Amazon.com Inc. that prompted the online retailer to block pre-orders for some of the publisher's forthcoming book releases. — “Please know that we are doing everything …

Discussion: Associated Press, Kirk LaPointe's …, Bookseller news, Fortune and Good E-Reader

Ilya Khrennikov / Bloomberg:

Russia's CTC Close to Getting TV Shows on Hulu in U.S., CEO Says — CTC Media Inc. (CTCM), Russia's largest publicly traded television company, said it's near a deal for Hulu LLC to carry its shows online in the U.S., helping expansion to more devices and markets.

Kaylene Hong / The Next Web:

Research projects that Twitter will hit nearly 400m users by 2018, with over 40% in Asia-Pacific — Marketing research firm eMarketer has released its first-ever forecast of Twitter users worldwide, and projects that the social network will have nearly 400 million users by 2018, with over 40 percent of them in the Asia-Pacific region.

Discussion: New York Times, TechCrunch, Gigaom, eMarketer and Newsroom Posts and TechCrunch

Joe Pompeo / Capital New York:

Businessweek promotes Rob Vargas to Creative Director to replace Richard Turley — Businessweek names new creative director — Bloomberg Businessweek has named a new creative director to replace Richard Turley, the star designer who recently left the magazine for a job with MTV.

Discussion: FishbowlNY

Matt Burns / TechCrunch:

Spotify Was Hacked, Warns Android Users Of Impending Update — Spotify users, take note. The music streaming service just posted a message on its company blog indicating that one user's account was hacked, but assuring that steps are being taken to ensure others will not fall victim to the same exploit