Mediagazer: K.K.R. to Buy Internet Brands for $1.1 Billion (William Alden/New York Times)

8:35 AM ET, June 3, 2014

Top News:

Lisa O'Carroll / Guardian:

Charlie Brooks may have been stupid but he is not a criminal, says lawyer — Phone-hacking trial told Rebekah Brooks's husband accepts he was ‘unwise’ when he hid a laptop and pornography from police — Rebekah Brooks's husband may have been “foolish” or “stupid” but he is not a criminal …

Discussion: @jamesdoleman, @jamesdoleman, @peterjukes, @peterjukes, @stoopnik and @lisaocarroll

William Alden / New York Times:

K.K.R. to Buy Internet Brands for $1.1 Billion — The private equity firm Kohlberg Kravis Roberts has agreed to buy Internet Brands, which operates a portfolio of websites and software, in a bet that it can help the company expand its services. — The deal, which Internet Brands is expected …

Discussion: Reuters and Business Wire

Scott Roxborough / Hollywood Reporter:

Pirate Bay Founder Arrested in Sweden — Peter Sunde has been on the run since 2012, when he was sentenced to jail time for breaching copyright laws. — Peter Sunde, one of the founders of file-sharing website Pirate Bay, was arrested in Sweden this past weekend to serve an outstanding sentence for copyright violations.

Discussion: bizjournals, NME, Engadget, TechCrunch and BBC

Alastair Reid / Journalism.co.uk:

Hostwriter launches as a platform for journalists to share info, sources, and accommodation — How Hostwriter wants to connect journalists around the world — The recently launched platform lets vetted journalists contact each other for world-wide collaboration opportunities — Read more

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.

Patrick Kingsley / Guardian:

Egyptian satirist Bassem Youssef winds up TV show due to safety fears — Show was seen as a barometer for free speech in Egypt, but Youssef claims he is no longer safe to work — The television satirist seen as the barometer for free speech in post-revolutionary Egypt, Bassem Youssef …

Discussion: GlobalPost, Variety, Washington Post, Associated Press, Mashable, Bloomberg, Naharnet, TIME, The Straits Times, TheAustralian, International Business Times, Wall Street Journal, BBC and Daily News Egypt

Max Fisher / Vox:
The real tragedy of Egyptian satirist Bassem Youssef's censorship is he played a role in it

Discussion: @patrickkingsley

Jonathan Mahler / New York Times:

Hachette Chief Leads Book Publishers in Amazon Fight — As a young book editor at Little, Brown & Company in 1992, Michael Pietsch paid $80,000 — $45,000 more than the next-highest bidder — for a postmodern novel by a little-known writer named David Foster Wallace.

Discussion: Vanity Fair, The New York Observer, bookforum.com and New York Times

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.

Bill Mickey / Folio:

Time Inc. Buys Family Organizer App Maker Cozi Inc. — Real Simple publisher Charlie Kammerer to manage advertising for the product. — Add another acquisition to Time Inc.'s pre-spinoff checklist. The company announced today that it acquired Seattle-based Cozi Inc., maker of a family-oriented calendar, organizer and planning app.

Discussion: Associated Press and WWD

Caroline O'Donovan / Nieman Journalism Lab:

New study from University of Texas shows increasing demand for “solutions journalism” — Readers like stories about problems more when they also include possible solutions — If you tell someone about a problem, it's best to offer up a solution.

Discussion: @niemanlab, @danhaugen, @jcstearns and @ceodonovan

Jeanine Poggi / AdAge:

As TV time-shifting grows, networks move toward C7 deals, get paid for 7 ad days instead of 3 — GroupM Striking Upfront Agreements With Networks to Use C7 — Big Shift to Paying for Viewing Up to a Week Later Instead of Only Three Days — Marc USA — GroupM is striking agreements …

Discussion: Variety, Broadcasting & Cable, Hollywood Reporter and Radio & Television …

Xan Brooks / Guardian:

Oliver Stone to direct adaptation of Guardian journalist Luke Harding's book on Snowden — Edward Snowden NSA whistleblowing story to be filmed by Oliver Stone — Director of Platoon and JFK will direct a big budget adaptation of Guardian journalist Luke Harding's book about Snowden's role in exposing the NSA's surveillance culture

Discussion: Entertain This!, @wikileaks, Variety, Mediaite, The New York Observer, The Wrap, FishbowlNY, The Verge, New York Magazine, Politico, @ewenmacaskill, @paullewis, @drudge_report, @timkarr and Pressing Issues

Lydia Tomkiw / Nieman Journalism Lab:

Ukrainian fact-checking site StopFake debunks fake news, grows to 1.5M unique visitors/month 3 months after launching — A Ukrainian factchecking site is trying to spot fake photos in social media — and building audience — The photograph, published on a Russian politics website …

Discussion: @canadanato