Top News:

Village Voice Admits To Spamming Reddit, Begs Forgiveness — The power of a social news site comes principally from its community, so when users feel like their service is being manipulated, they take it very personally. — Two weeks ago a rag tag team of anonymous Redditors discovered …

Obama Takes On Trump And Birthers At The White House Correspondents Dinner — President Obama was introduced with an intentionally cheesy video package (picture Barney Stinson's video resume from “How I Met Your Mother") set to Rick Derringer's “I Am A Real American” and featuring …
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CNN hires Erin Burnett from CNBC — NEW YORK (CNNMoney) — CNN said Friday that it has hired CNBC's Erin Burnett to serve as an anchor and chief business and economics correspondent. — Burnett will anchor a weekday general news program, as well as contribute to CNN's coverage of national …
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Media Decoder, Dealbreaker and Talking Biz News

News Corp.'s IGN Buys Hearst's UGO In Preparation For Game Site Spin-Off — News Corp., which is getting ready to part with MySpace, is now prepping a move for another one of its big Web properties. — The media conglomerate plans to spin out its IGN.com dudes-and-games site …
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@pkafka

Shelby.tv: A Leanback Experience for Personalized Video — Creating personalized recommendations based on a user's social graph could be the holy grail for online video discovery. One startup looking to tackle that issue is Shelby.tv. One of the participants at TechStars' most recent Demo Day …

Patch Hires Brooklyn Hyperlocal Blogger Zagare To Ramp Up Engagement — AOL's Patch network of hyperlocal blogs, which has suggested that a number of initiatives are coming to increase community engagement with its sites, has hired well-respected Brooklyn hyperlocal blogger Liena Zagare to lead the effort.
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FishbowlNY
Andy Plesser / Beet.TV:
With Deep Pockets, SB Nation is “Building a Great Media Company” — Launches Interim Site for ex-Engadget Crew, Sets up Shop in NYC — With a fast-growing digital spports news business and investment backing from Accel Partners, Comcast, and Allen & Company, SB Nation is aiming to be a …

Twitter Introduces Text Ads — Twitter is experimenting with sponsored text-ads on their website that show-up just after the “trends” section. The first round of text-ads mainly promoted Twitter apps and other services built around the Twitter ecosystem but that is no longer the case.
Discussion:
Technologizer

Early Adopter: Facebook Snags a Journalist, But What Will Vadim Lavrusik Do? — By Drake Martinet, Associate Editor, All Things Digital — Tech giants have always gobbled up journalists and media types, but most of those folks end up in the PR department.

Reuters hires WSJ's page one editor to be enterprise editor — TALKING BIZ NEWS EXCLUSIVE — Mike Williams, the page one editor of The Wall Street Journal, has resigned from the business newspaper to become the enterprise editor at Reuters. — Williams will be replaced by deputy managing editor Alix Freedman as page one editor.
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dowjones.com and Talking Biz News

OnSwipe Wants to Reinvent Content for Tablets — Jason Baptiste, co-founder and CEO of New York-based startup OnSwipe, has a slide in the pitch presentation that he does for VCs and others interested in the company that simply says: “Apps are bull****.” That's a succinct expression of OnSwipe's view on apps for content.
Tj Raphael / Folio:
Bloomberg Businessweek App Gets Personal With Users — Functionality includes the ability to share content. — Bloomberg Businessweek is giving readers an up-close look into its content production with podcasts from columnists and video interviews with editors.