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3:40 PM ET, June 3, 2014

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 Top News: 
Paul Farhi / Washington Post:
Heritage Foundation starts an online site to cover unreported and under-reported news  —  It's not enough to be a newsmaker these days, as the conservative Heritage Foundation surely has been with its vigorous opposition to federal budget deficits, Obamacare, immigrant “amnesty” and same-sex marriage.
Neil Midgley / Forbes:
BBC News Division To Cut 500 Jobs  —  I can exclusively report today that the BBC News is preparing to announce 500 more job losses, as part of its ongoing cost-cutting programme, and that industrial action could well follow.  Including new cuts to BBC Radio, the corporation is facing a total of between 550 and 600 redundancies.
Georg Szalai / Hollywood Reporter:
Phone Hacking Trial: Judge to Start Summing up Case  —  Rebekah Brooks and Andy Coulson are also among the defendants in the hacking trial  —  The lawyer for Mark Hanna, former head of security of News International, on Tuesday argued that his client was part of less “glamorous” circles than his then-boss Rekebah Brooks.
RELATED:
Keith Richburg / Poynter:
On eve of Tiananmen anniversary, early optimism pushed aside by press, speech crackdown  —  Two years ago in China, during the run-up to the Communist Party's ritual changing of the guard, there was a heady mood of expectation that the country's new top leaders might revive long-stalled political reform …
Discussion: Associated Press and Bloomberg
Harry McCracken / Technologizer:
Harry McCracken leaves Time after 25 months, “reboots” Technologizer  —  The Land Beyond TIME  —  Jon Stewart furrows his brow at a TIME cover story which I wrote with my colleague Lev Grossman  —  Twenty-five months ago, I became an editor at large at TIME.  I'm awfully glad I did.
Discussion: @mathewi and @thekenyeung, Thanks:@steverubel
Ryan Chittum / Columbia Journalism Review:
Management isn't journalism's strong suit  —  And running a newsroom is hard and getting harder  —  Newsrooms have long hired and promoted based on journalistic chops, and often that alone.  The problem, of course, is what makes for a great reporter doesn't necessarily make for a great boss.
Jim Romenesko:
Aaron Kushner's Register newspapers offer buyouts, order two-week furloughs  —  Freedom is instituting the following measures:  —  • a company-wide, two-week furlough during the months of June and July (see related FAQ [internal access only])  —  • voluntary severance packages within the newsroom
Paul Bischoff / Tech in Asia:
Chinese news reader app Today's Headlines secures $100M funding, led by Sequoia Capital  —  The simple news reader app that's taking China by storm just netted $100 million funding from Sequoia Capital  —  The developer of Chinese news reader app Today's Headlines () today announced it has secured US$100 million in funding.
Ezra Klein / Vox:
How the American Prospect changed policy journalism  —  The American Prospect is laying off or losing most of its staff, pulling back its web operations and returning to its roots as a quarterly policy journal.  This is deeply sad for those of us who love TAP.  But respect must be paid.
Joan E. Solsman / CNET:
John Oliver's Net neutrality response swamps FCC  —  The agency's comment system, accepting public input on proposed Net neutrality rules, buckles after the comedian tells Internet trolls to pile on.  —  Screenshot by Joan E. Solsman/CNET  —  When the Federal Communications Commission released …
Tony Maglio / The Wrap:
Turner CEO John Martin Sends Internal Memo Signaling Staff Changes, Cost Cutting  —  Turner Broadcasting CEO John Martin sent a memo to his staff on Monday announcing a new “Turner 2020” initiative and likely staff changes.  TheWrap obtained the correspondence, which is posted below.
John McDermott / Digiday:
How Vogue is making (a little) money on Instagram  —  Those in the market for a new scarf — or, for that matter, those who prefer to wear scarves as belts — can now save themselves a trip to the store and buy the Steven Alan item featured below directly from a Vogue Instagram post.
 
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 More News: 
Alexandra Steigrad / WWD:
WSJ. Magazine Launching Latin American Edition
Hurriyet Daily News:
Turkey unblocks access to YouTube after 67 days
William Alden / New York Times:
K.K.R. to Buy Internet Brands for $1.1 Billion
Discussion: Reuters, Business Wire and @rafat
Alastair Reid / Journalism.co.uk:
Hostwriter launches as a platform for journalists to share info, sources, and accommodation
Jonathan Mahler / New York Times:
Hachette Chief Leads Book Publishers in Amazon Fight
Discussion: Vanity Fair and bookforum.com
Bill Mickey / Folio:
Time Inc. Buys Family Organizer App Maker Cozi Inc.
Sharon Edelson / WWD:
Condé Nast Traveler Launches New App
Discussion: MediaWire Daily
 Earlier Picks: 
Associated Press:
Thai police criticized for posing as journalists
Discussion: Poynter