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2:30 PM ET, May 19, 2012

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 Top News: 
Jack Shafer:
So Warren Buffett likes newspapers again?  —  Just because Warren Buffett blew $142 million in cash on 63 daily and weekly Media General newspaper titles yesterday doesn't mean that newspapers are back.  All it means is that an old cow that's still a milker has been moved to a neighboring farm's pasture …
Discussion: Newsonomics
RELATED:
Andrew Beaujon / Poynter:
Facebook IPO may force journalists to consider their role in the social network's growth  —  Facebook's IPO just created a lot of billionaires.  Probably not that many of them work in journalism.  But journalists, Kristie Lu Stout argues, create part of Facebook's value.
RELATED:
Mathew Ingram / GigaOM:
Facebook's biggest problem is that it's a media company  —  There's been a lot of attention paid to Facebook's business model recently, especially with the news that General Motors has killed a $10-million advertising campaign devoted to the giant social network — not exactly a great sign …
Erik Wemple:
CSIS to investigate Arnaud de Borchgrave's writings  —  The Center for Strategic and International Studies (CSIS) said this afternoon that it will investigate the work of Arnaud de Borchgrave, one of the think tank's program directors and a columnist for the Washington Times and United Press International.
RELATED:
Mariah Blake / Salon:
Coverup at Washington Times
Discussion: Erik Wemple
Guardian:
Rupert Murdoch denies claims that News Corp may sell UK newspapers  —  Mogul says News Corporation is ‘firmly committed’ to its papers including the Sun, Times and Sunday Times  —  Rupert Murdoch has denied reports that News Corp is considering spinning off its British newspapers to protect …
Erik Maza / WWD:
Ad Pages Slip Further at New York Times' Magazines  —  NO UPTURN: Sally Singer opened the most recent issue of T The New York Times Magazine with a tribute to leisurely evolutions.  “You realize that even when taste is a given, patience is a virtue,” she wrote.
Discussion: FishbowlNY
Erik Larson / Bloomberg:
News Corp. Sued Over Hacking by Victim of 2005 London Bombings  —  News Corp. (NWSA) (NWSA)'s U.K. unit and the private investigator it hired to hack voice mail was sued by a professor who was seated next to a suicide bomber in the 2005 terror attacks on London's trains and buses.
Mark Hosenball / Reuters:
Exclusive: Did White House “spin” tip a covert op?  —  (Reuters) - White House efforts to soft-pedal the danger from a new “underwear bomb” plot emanating from Yemen may have inadvertently broken the news they needed most to contain.  —  At about 5:45 p.m. EDT on Monday, May 7 …
Michael Hastings / BuzzFeed:
Congressmen Seek To Lift Propaganda Ban  —  Propaganda that was supposed to target foreigners could now be aimed at us.  “Disconcerting and dangerous,” says Shank.  —  An amendment that would legalize the use of propaganda on American audiences is being inserted into the latest defense authorization bill, BuzzFeed has learned.
Discussion: Mediaite and @adrianchen
Search Marketing Expo News:
Trade Tactics with Other Expert SEOs - Attend In-house SEO Exchange  —  This post was authored by Jessica Bowman, who is the creator and leader of In-house SEO Exchange, taking place June 7th after SMX Advanced in Seattle.  —  What if you could attend a set of conference sessions that fit your needs perfectly?
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Laura Hazard Owen / paidContent:
A kinder, gentler DRM?  —  With Harry Potter fan site and e-bookstore Pottermore.com now using watermarking instead of heavyweight DRM on all the Harry Potter e-books, anti-DRM arguments are growing louder.  Now the International Digital Publishing Forum (IDPF), the organization that oversees …
Alex Pareene / Salon:
The National Review's fake plagiarism scoop  —  Updated: After falsely accusing Elizabeth Warren of plagiarism, the conservative magazine apologizes  —  The National Review says Elizabeth Warren is guilty of the gravest crime a writer can commit: Plagiarism.
The Huffington Post:
'Reporter's Privilege' Under Fire From Obama Administration Amid Broader War On Leaks  —  RICHMOND, Va. — The Obama administration Friday morning continued its headlong attack on the right of reporters to protect their confidential sources in leak investigations.
 Latest News Finder: 
2 hours ago
Erik Larson / Bloomberg:
News Corp. Sued Over Hacking by Victim of 2005 London Bombings   Find
5 hours ago
Erik Maza / WWD:
Ad Pages Slip Further at New York Times' Magazines   Find
8 hours ago
Alex Pareene / Salon:
The National Review's fake plagiarism scoop   Find
15 hours ago
Jack Shafer:
So Warren Buffett likes newspapers again?   Find
 
 Sponsor Posts: 
SAY Media / SAY Daily:
The Secret to a Successful Modern Media Brand  —  Strangers are just friends waiting to happen.  PostSecret They say time flies when you're having fun which must be true,...
Search Marketing Expo News:
Trade Tactics with Other Expert SEOs - Attend In-house SEO Exchange  —  This post was authored by Jessica Bowman, who is the creator and leader of In-house SEO Exchange, taking place June 7th after SMX Advanced in Seattle.
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 More News: 
Bloomberg:
‘Pan Am’ May Fly Again As Web Revives Canceled TV Shows
Discussion: Variety and Radio & Television …
Chris Velazco / TechCrunch:
Adobe's Updated Digital Publishing Suite Means More Magazines For The iPhone
Politico:
2012 political TV ads: The rush is on
Discussion: Media Decoder
Tracie Powell / Poynter:
Amid diversity improvements at NPR, fear and challenges remain
Andrew Beaujon / Poynter:
Survey: 52% of media professionals abandon websites when they hit a paywall
 Earlier Picks: 
Philip Elliott / Associated Press:
Mitt Romney Tries To Win Over Reporters With Cookies And Conversation
Steve Buttry / The Buttry Diary:
Aggregation guidelines: Link, attribute, add value
Discussion: Erik Wemple
 

 
From Techmeme:

Wall Street Journal:
Facebook's IPO Sputters

Steven Sinofsky / MSDN Blogs:
Creating the Windows 8 user experience

Matt Brian / The Next Web:
China finally approves Google's Motorola Mobility acquisition, deal likely to close next week

 
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