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12:30 PM ET, May 25, 2013


 Top News: 
Christine Haughney / New York Times:
Press Sees Chilling Effect in Justice Dept. Inquiries  —  President Obama's conciliatory gesture toward the press this week — a review of Justice Department investigations involving journalists — struck some national security reporters as closing the door after the sources have already bolted.
Discussion: @coreyhutchins, Boing Boing and CNN
Alex Pareene / Salon:
Eric Holder versus journalism
Peter Kafka / AllThingsD:
Yet Another Hulu Bidder!  Yahoo Is In, Too.  —  Add one more name to the Hulu bidding derby: Yahoo, which just announced plans to buy Tumblr for $1.1 billion, has made an offer on the video website as well.  —  The Web giant submitted a bid for the video site this morning, according to a person familiar with process.
KKR, Silver Lake Said to Join Bidding for Hulu Online Video Site  —  Hulu Said to Get Bid From KKR, Silver Lake  —  KKR & Co. (KKR) and Silver Lake Management LLC have made separate bids for Hulu LLC, according to people with knowledge of the situation.  —  Silver Lake is working …
Discussion: Variety, The Wrap, The Next Web and Mashable
Kevin Davis / NetNewsCheck Latest:
INN Starts Backing Nonprofit News Startups  —  After a 19-month wait to secure its own 501(c)3 status, the Investigative News Network has started to sponsor nonprofit news projects.  “Fiscal sponsorship allows these early-stage nonprofits to accept donations from philanthropists and foundations …
Meg James / Los Angeles Times:
News Corp. to take up to $1.4-billion write-down in publishing  —  News Corp. disclosed that it would take as much as a $1.4-billion write-down in publishing during the current fiscal quarter.  Rupert Murdoch, chief executive of the corporation, is pictured here in 2011.  (Justin Sullivan / Getty Images / May 24, 2013)
Crayton Harrison / Bloomberg:
News Corp. Publishing Unit Gets $500 Million Buyback Fund
Josh Halliday / Guardian:
Government should reopen talks on press regulation, says Alan Rusbridger  —  Guardian editor-in-chief also raises concerns over use of royal charter, saying it is ‘a mechanism controlled by ministers’  —  The Guardian editor-in-chief, Alan Rusbridger, has urged the culture secretary …
Discussion: Big News
Adam Rifkin / AllThingsD:
Why Tumblr Was a Massive Steal for Yahoo  —  The blockbuster acquisition of Tumblr by Yahoo for $1.1 billion — all cash — has been portrayed as a gigantic gamble on the part of the acquirer.  However, for those of us who believe there can be specific guidelines around the valuation of interest graphs …
Andrew Beaujon / Poynter:
Emilio Garcia-Ruiz named managing editor of The Washington Post  —  Emilio Garcia-Ruiz is The Washington Post's new managing editor in charge of “digital initiatives and operations, video, the presentation departments of photo, graphics, and design, and the multiplatform editing desk.”
Kim Zetter / Wired:
WikiLeaks Donations Down to a Trickle  —  As WikiLeaks founder Julian Assange approaches the one-year anniversary of his confinement in the Ecuadorian Embassy in London, a report released Wednesday reveals that donations to the secret-spilling site have dwindled to a trickle.
Ira Teinowitz / The Wrap:
D.C. Broadcasters Sue Aerokiller for Copyright Infringement  —  Broadcasters are expanding their attack on Aereo-like services that let consumers view broadcast channels on the web without stations getting a retransmission fee payment  —  Broadcasters are expanding their legal attack on Aereo …
Discussion: Hollywood Reporter and paidContent
Lesley Goldberg / Hollywood Reporter:
Mike Darnell Exits as Fox Reality Boss  —  The president of alternative entertainment will step down from his position at the end of June after seeing the network's reality woes sink during the 2012-13 season.  —  Following a year that featured the lowest-rated season of American Idol ever …
Tom McCarthy / Guardian:
Gawker's bid to give $200,000 to Canadian drug dealers hits slight snag  —  The owners of video allegedly showing Toronto's mayor smoking crack go missing in the middle of crowdfunding campaign  —  The effort by news site Gawker to bust Toronto mayor Rob Ford for allegedly smoking crack is crack journalism work.
Discussion: FP Passport, Gawker and Mediaite
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 More News: 
Matt Schudel / Washington Post:
Haynes Johnson, longtime Washington Post journalist, dies at 81
ITV News Twitter account hacked by Syrian Electronic Army
Discussion: Mashable and AllThingsD
The Lens:
A year after Times-Picayune announced cutbacks, news habits changing in New Orleans
Discussion: Poynter
Dominic Ponsford / Press Gazette:
Telegraph cements place as only profitable mainstream ‘quality’ national with £58.4m surplus for 2012
 Earlier Picks: 
Greg Sandoval / The Verge:
With downloads dwindling, music publishers throw a roadblock into Apple's iRadio plans
James Legge / The Independent:
Twitter libel: Sally Bercow's tweet about Lord McAlpine ruled libellous
Discussion: Agence France Presse, Bloomberg and BBC