Mediagazer: Yahoo bids $250M for YouTube partner Fullscreen, Chernin Group also said to be interested (Mark Kleinman/Sky News)

12:15 PM ET, June 27, 2014

Top News:

Mark Kleinman / Sky News:

Yahoo bids $250M for YouTube partner Fullscreen, Chernin Group also said to be interested — Yahoo And Chernin Vie For YouTube Partner — Sky News understands Yahoo has offered around $250m for Fullscreen — The internet giant Yahoo is vying to win control of Fullscreen …

Discussion: MediaWire Daily, Softpedia News, bizjournals and opptrends

Sam Gutelle / Tubefilter:

Fullscreen Will Invest $10 Million In Original Programming — Fullscreen's motto is “power to the creators.” During a presentation at VidCon, the multi-channel network explained how it will live by that mantra. In his keynote address, CEO George Strompolos announced Fullscreen's plan to invest $10 million in original programming.

Discussion: Hollywood Reporter, Reuters, Tech2, The Wrap, ZDNet and Fox Business

Nick Davies / Guardian:

Phone-hacking trial was officially about crime; but in reality, it was about power — Rupert Murdoch's money washed through the ‘trial of the century’ like a Rolls-Royce. The story behind the News of the World scandal was not about journalists behaving badly, but the power of money and its abuses

Discussion: @martin_flanagan, @hackedoffhugh, @susanpenhaligon, BBC, Jon Slattery and Telegraph

Mark Hosenball / Reuters:
Despite London acquittals, U.S. probe of News Corp continues

Discussion: NY Daily News, Columbia Journalism Review, Mirror.co.uk, Daily Mail, The Daily Beast, Spectator and RT

Roy Greenslade / Guardian:
Newspapers fail to report the real story about phone hacking trial

Discussion: @jimrossignol, @michaelwhite, Latest News & Headlines, @themurdochtimes and @jackofkent

Economist:
British democracy damaged by hacking scandal, politicians no longer fear newspapers

Discussion: @econeurope and @peter_watts

Dave Winer / Scripting News:

New York Times never had blogs as they were edited, the term was usurped by reporters who felt threatened by blogs — I know what a blog is — A blog is the unedited voice of a person. — The lack of editing is central, because it's one person who's responsible for every word.

Discussion: Gigaom, @scottros, @davewiner, Scripting News, @johnmcquaid, @palafo, @jayrosen_nyu, FishbowlNY and @mathewi

Joe Pompeo / Capital New York:

New York Mag digital ad revenues close to 50% of total, Science of Us vertical hits 1M uniques — New York's ‘Science of Us’ takes off — In December, when New York announced that it would be moving to a biweekly publishing schedule, it positioned the pivot both as a reinvention …

Discussion: @lauraolin, @niemanlab and @joepompeo

Ted Johnson / Variety:

Ads on Public TV? Station Seeks Supreme Court Review of Ban on Commercial Spots — The day after the Supreme Court issued its decision in Aereo, the justices are weighing whether to take another case that could have a significant impact on broadcasting. — Minority Television Project …

Erich Schwartzel / Wall Street Journal:

The latest “Transformers” movie pulled out all the stops to appeal to a Chinese audience, illustrating how crucial China is to Hollywood's fortunes. — For ‘Transformers,’ Action Is in China — From Casting Effort, to Premieres, to Filming, a Nod to an Increasingly Important Market

Discussion: Los Angeles Times

Pascal-Emmanuel Gobry / The Week:

Vox, derp, and the intellectual stagnation of the left — Talk about an epistemic closure problem — This wunderkind is now presiding over an empire of derp. — S — everal long winters ago, when President Obama was thunderously elected amid Messianic fervor, and much of the right …

Discussion: The New York Observer, @briancalbrecht, @radishmag, @gracyolmstead, @jaredbkeller, @ewerickson, @ron_fournier, @physicsgeek, @hemdash, @elongreen, @timkowal and @azizonomics

Miguel Helft / Fortune:

Q&A: Susan Wojcicki, CEO, YouTube on ad revenue, original content — How do you take the best parts of the traditional TV process and apply them to the Internet? YouTubeÂ's chief executive explains. For all its success, YouTube has long suffered from TV envy.

Discussion: @johnbattelle

Lucia Moses / Digiday:

GE teams with news organizations to produce its own news website, Pressing — GE becomes legitimate online news publisher — After a very entertaining stunt with Jimmy Fallon, GE, an early adopter of content marketing, has been putting a focus on hard news of late.

Discussion: Nieman Journalism Lab, Digiday, @raju, @gierasimczuk, @dmgaspar, @digiday and @davidcho

Joseph Lichterman / Nieman Journalism Lab:

Combining a creative studio and ad smarts, Victory Journal tells lush, visual sports stories — Statistics don't matter to the sports magazine Victory Journal. Neither does the score of a game, really. Rather the magazine, which comes out in print twice each year, covers …

Scott Roxborough / Hollywood Reporter:

German Media Giant Bertelsmann Backs Indian Start-Up Fund — The multi-million dollar investment in the Digital Nirvana Fund is part of Bertelsmann's expansion into the fast-growing Asian media markets. — German media giant Bertelsmann has made a multi-million dollar investment …

Roy Greenslade / Guardian:

Barrister David Wolfe to chair the press regulation recognition panel — A barrister, Dr David Wolfe QC, has been appointed as the inaugural chair of the recognition panel that was established by the royal charter on press regulation. — Wolfe, who is in practice at Matrix Chambers …

Discussion: @katiehwclark and HoldTheFrontPage

Stuart Dredge / Guardian:

YouTube stars partner with Victorious to connect with fans, sell ads and in-app purchases — YouTube stars Ryan Higa, Michelle Phan and Boyce Avenue to launch apps — Working with US mobile startup Victorious to connect with fans and make money from ads and in-app purchases

Discussion: The Next Web