Mediagazer: Jon Huntsman Sr. interested in buying Salt Lake Tribune (Hadas Gold/Politico)

12:35 PM ET, June 9, 2014

Top News:

Time Inc., set to trade as an independent company tomorrow, plans 25% cut in editorial costs — Time Inc. to Set a Lonely Course After a Spinoff — Sometime late next year Time Inc., the company that all but created the modern magazine business, will leave its home of more than five decades …

Brent Lang / Variety:

Time Stock Falls Following Spin-Off From Time Warner — Wall Street likes a leaner Time Warner, but it's feeling a lot less charitable about the publishing business. — The entertainment company's stock rose 0.65% on Monday to $68.58, following the spin-off of its Time Inc. magazine properties.

Discussion: Nieman Journalism Lab, The Huffington Post, Toronto Star, TheStreet.com, Reuters, RTTNews, Irish Independent and The Boston Globe

Amanda Meade / Guardian:

News Corp accuses Daily Mail Australia of plagiarism — Australia's largest newspaper group labels rival journalists ‘copy snatchers and parasites’ amid accusations of stealing stories — News Corp Australia has taken aim at its new local online competitor Daily Mail Australia …

Discussion: TheAustralian, Poynter, Plagiarism Today, @moorehn and Press Gazette

Hadas Gold / Politico:

Jon Huntsman Sr. interested in buying Salt Lake Tribune — Jon Huntsman Sr., the father of the former Republican presidential candidate, is interested in buying the Salt Lake Tribune, the paper reports. — On Friday, the billionaire philanthropist said he's interested in purchasing the paper …

Discussion: Deseret News, Salt Lake Tribune, Wall Street Journal and FOX13Now.com

Benjamin Freed / Washingtonian:

The New Republic's Editorial Director Michael Schaffer named Editor of Washingtonian — Michael Schaffer Named Editor of Washingtonian — Schaffer is leaving the New Republic to become the fourth editor in Washingtonian's 49-year history. — Michael Schaffer, the New Republic's editorial director …

Discussion: @abeaujon, @vermontgmg, @mikemadden, @hgil, @brfreed, @joepompeo, @washingtonian, @merrillwilliams, @erikwemple and @michaelschaffer

Peter Kafka / Re/code:

Viacom taking minority stake in web video conglomerate Defy Media — Viacom Makes a Web Video Bet, and Grabs a Piece of Defy Media — Disney has made a big wager on Web video by buying Maker Studios. Time Warner has been investing in Web video properties like Maker and Machinima.

Discussion: MarketWatch, Variety, Polygon, StreamDaily and @pkafka

Vikas SN / MediaNama:

Quartz India goes live — Atlantic Media's mobile-first digital publication Quartz has gone live with its Indian edition, accessible at qz.com for readers in India and at qz.com/india for readers outside the country. — The company says Quartz India will provides both global and India-specific business news coverage and features.

Discussion: Quartz, Talking Biz News and Skift

Alex Hayes / mUmBRELLA:

Fairfax CEO hits back at News Corp, accuses it of ‘spreading lies’ and being ‘at war with itself’ — Fairfax CEO Greg Hywood has fired off an email to staff at the media company accusing rivals News Corp of spreading “lies” about the company, having “deep seated cultural problems” and being “at war with itself over it future”.

Discussion: Sydney Morning Herald, @doneas, @mumbrella and TheAustralian

Cora Currier / Columbia Journalism Review:

Yemen kicks out foreign correspondents, and local journalists face internal censorship — Yemen kicks out foreign correspondents — Journalist Adam Baron was deported from Yemen in early May, after being told that he was no longer welcome in the country.

Abigail Edge / Journalism.co.uk:

Picfair receives £310k from angel investors including Reddit co-founder — Image library Picfair has officially launched following £310,000 of funding from angel investors including Reddit co-founder Alexis Ohanian. The platform, which allows anyone to license and sell images …

William Turvill / Press Gazette:

Ethiopian journalist branded a ‘terrorist’ and locked up for 18 years wins 2014 Golden Pen of Freedom — An Ethiopian journalist branded a “terrorist” and currently serving an 18-year prison sentence has been awarded the 2014 Golden Pen of Freedom. — Eskinder Nega (pictured) …

Discussion: Journalism.co.uk

Stuart Kemp / Hollywood Reporter:

Vimeo hires Peter Gerard as Director of Audience Development and Content Operations — Barry Diller's Vimeo Names Director of Audience Development, Content Operations — Distrify founder Peter Gerard joins the online video arm of IAC, which is moving into original programming creation.

Discussion: StreamDaily