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1:20 AM ET, May 27, 2011


 Top News: 
Lauren Indvik / Mashable!:
The Atlantic Launches Twitter-Based Book Club  —  The Atlantic has announced the first selection for 1book140, an online reading and discussion club that will span the publication's presences on Twitter, Facebook and Tumblr, as well its website.  —  Readers, in conjunction …
Discussion: MediaPost
Rob Golum / Bloomberg:
Viacom's 67% Dividend Boost Lifts Redstone Yearly Payment to $41 Million  —  Viacom Inc. (VIA), owner of MTV Networks and Paramount Pictures, increased its quarterly dividend by 67 percent to 25 cents a share, boosting the yearly payment to Chairman Sumner Redstone's family company to $41 million.
Discussion: Company Town and FishbowlNY
Josh Marshall / Talking Points Memo:
NYSE Tries to Body Slam TPM!  —  If you're a news editor you'll want to hear this.  —  The New York Stock Exchange now claims that you have to get their permission (express or implicit) before you use images connected to the New York Stock Exchange.  So if you find a wire photo …
Lois Beckett / Nieman Journalism Lab:
Longreads is becoming more social (and making a play at sustainability)  —  Last month, Rolling Stone brought three of its reporters to a Manhattan bookstore for a standing-room-only conversation about long-form journalism.  The event was co-hosted by a hashtag.
Noah Davis / SAI: Silicon Alley Insider:
Magazine Editors Are 100% Sure Tumblrs Are Driving Subscriptions, But They Can't Prove It  —  The stunning success of Tumblr continues to filter its way across the internet landscape.  —  The rapidly maturing microblogging platform recently passed 250 million page views per day, shocking even founder David Karp.
Tim Molloy / The Wrap:
Comcast, NBCU Combine Venture Capital Affiliates to Form New $750M Joint Venture  —  Comcast announced Thursday that is has combined its venture capital affiliate with the former venture capital affiliate of NBCUNiversal and General Electric to form the new Comcast Ventures, a joint portfolio valued at about $750 million.
Discussion:, Multichannel and Company Town
Peter Kafka / AllThingsD:
Web Ads Taking Off Again: Q1 Revenues A Record $7.3 Billion  —  Remember when the economy was so lousy that even Web ads were down?  —  Ancient history, at least as far as the Internet's concerned: Marketers spent $7.3 billion on U.S. Web ads in the first three months of the 2011.
Andrew Damstedt / American Journalism Review:
A Critic Joins the Post  —  Long known for his stinging commentaries on its foibles, Erik Wemple soon will be blogging about the media and politics for the Washington Post.  Thurs.  May 26, 2011  —  Andrew Damstedt ( is an AJR editorial assistant.
Discussion: Poynter and Cision
Jim Romenesko / Poynter:
Sandberg leaves WSJ to become editor  —  Romenesko Misc.  —  Jared Sandberg has been with the Wall Street Journal for nearly 20 years and was its first Internet beat reporter.  As editor, he'll report to Josh Tyrangiel, editorial director of Bloomberg Digital and editor of Bloomberg Businessweek.
Jack Shafer / Slate:
Roger Ailes profiles: Who's afraid of the Fox News Channel chairman?  Not me.  —  As dime-store Satans go, it's hard to beat Roger Ailes.  He's a huge tub of a man, like an aged and rotting Pillsbury Doughboy.  He relied on his immense media skills to re-sculpt the equally demonic Richard Nixon …
Howard Kurtz / The Daily Beast:
ABC Deal Close for Katie Couric  —  THE DAILY BEAST ON:  —  The network is nearing an agreement with Katie Couric after upping the ante on a lucrative syndication offer.  Howard Kurtz reports on the behind-the-scenes bidding for Couric's daytime show.  —  When Katie Couric started looking …
Ben Popper / Betabeat:
With the Tech Sector Booming, Reporters Head for the Exit  —  Not only is Silicon Alley booming again, but the IPO market is back in swing, meaning billions of web dollars are flowing through Wall Street.  —  Maybe that's the reason some of New York's top tech reporters have left their posts recently.
Discussion: AllThingsD
Noah Davis / The Wire:
Meet The Man Making Non-Profit News Organizations Sustainable  —  In 2009, Evan Smith left Texas Monthly to start a revolution.  —  Nineteen months later, he is still just getting started.  —  The award-winning journalist is editor-in-chief and CEO of Texas Tribune, “a nonpartisan …
Brian McGrory / Boston Globe:
Connors joins group of investors looking to purchase Globe  —  (Dominic Chavez/Globe Staff/File 2008)  —  Prominent Boston businessman Jack Connors has joined a group of investors preparing an offer to buy The Boston Globe, adding new credibility to an investment team that has worked for over a year to raise funds.
Discussion: Poynter and
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 More News: 
Matt Kinsman / Folio:
B-to-B Publishers Say E-Media, Sales Expenses To Increase the Most in 2011
Discussion: Media Buyer Planner
The Huffington Post:
Family Of Journalist Killed In Libya Trying To Get Body Home
Callum Borchers / NetNewsCheck Latest:
Online News Competition A Big Deal In Big D
Podcast: Richard Tofel on the Future of News
Discussion: Poynter
Jen Carlson / Gothamist:
SPIN Magazine Sends Cease & Desist To Twitter User @SPIN
Discussion: The Snitch and Betabeat, Thanks:spin
Jeff Sonderman / Poynter:
Publishers turn to digital business services to offset declining ad revenue
Justin Ellis / Nieman Journalism Lab:
Topolsky and Bankoff on Engadget, SB Nation, and the new tech site that's bringing them together
 Earlier Picks: 
Andrew Pugh / Press Gazette:
DMGT: Profits tumble in regions but rise for Daily Mail
Discussion: Media Week, Guardian and paidContent:UK
Lauren Goode / Venture Capital Dispatch:
Groupon Founders Turn To Financial News With Benzinga Investment
Discussion: and DailyDeal Media
Jason / Nokia Conversations:
CNN and Nokia announce plans to collaborate to deliver mobile news and rich mapping
Discussion: CNN
Cory Bergman / Lost Remote:
Future of TV? ‘American Idol’ taps Facebook events