Top News:
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.
Discussion:
Bloomberg, CNET, Fox Business, @jasonhirschhorn, ZDNet, @karaswisher, Engadget, Los Angeles Times, @peterlauria3, Home Media Magazine, SlashGear, Betabeat, @jbflint, @jonerlichman, VentureBeat, New York Magazine, @jasonhirschhorn, @edgecliffe, @lehmannchris, @fromedome, @megan, The Verge, @megan, @danprimack, @jasonhirschhorn, @cnbc, @danprimack, The Week, @dgelles, Business Insider, Mashable, Big News Network.com, New York Post, Digital Spy and Broadcasting & Cable
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Bloomberg:
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 Next Web and Mashable
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, CNN and Boing Boing
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Alex Pareene / Salon:
Eric Holder versus journalism — After AG signed off on warrant granting DOJ access to reporter's email, the question now is: Will Obama let him go? — Attorney General Eric Holder personally signed off on the warrant naming Fox News journalist James Rosen a “possible co-conspirator” …
Josh Stearns / Free Press:
Come Clean: Groups Demand Transparency from Attorney General Eric Holder
Discussion:
New York Times, Free Press and The Huffington Post
Andrew Beaujon / Poynter:
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.” Executive Editor Marty Baron made the announcmement to staffers today.
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)
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Crayton Harrison / Bloomberg:
News Corp. Publishing Unit Gets $500 Million Buyback Fund
Discussion:
Forbes, New York Times, @sherman4949, @cnbc, @sherman4949, @berkowitzrtrs, @edgecliffe, @edgecliffe, @sherman4949, Los Angeles Times, paidContent, Associated Press, Financial Times, Guardian and BBC
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:
paidContent and Hollywood Reporter
Merrill Knox / TVNewser:
Layoffs at NBC's ‘Rock Center’ — As “Rock Center” prepares for its final broadcast next month, NBC News is in the process of laying off some of the show's production staff, an NBC spokesperson confirms to TVNewser. — The layoffs are expected to affect only “Rock Center” staffers, who were notified of the cuts Thursday.
Discussion:
mediabistro.com, The Huffington Post, FishbowlNY, FishbowlDC and Lost Remote
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 …
Discussion:
Deadline.com, New York Times, Los Angeles Times and The Wrap
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:
Gawker, Mediaite and The Raw Story
Search Marketing Expo News:
SMX East Registration Open - Best Rate Available Now, Save $300 — Change is constant in search and social media marketing, and the next few months won't be an exception: — Google promises a significant Penguin update; — Bing plans to roll out its version of Product Listing Ads;
SMX East Registration Open - Best Rate Available Now, Save $300 — Change is constant in search and social media marketing, and the next few months won't be an exception: — Google promises a significant Penguin update; — Bing plans to roll out its version of Product Listing Ads;Recent Sponsor Post
Adam Rifkin / AllThingsD:10 minutes ago
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 …
Reuters:
ITV News Twitter account hacked by Syrian Electronic Army — (Reuters) - British broadcaster ITV on Friday became the latest media outlet to have one of its Twitter feeds hacked by anonymous supporters of Syria's President Bashar al-Assad, just days after Twitter beefed up security to prevent such attacks.
Discussion:
Mashable and AllThingsD
Gavriel Hollander / Press Gazette:
Sun and ITV defend ‘public interest’ in broadcasting Woolwich terror video which Sky News judged too ‘distressing’ — News organisations have defended their decisions to broadcast controversial video footage shot in the immediate aftermath of the Woolwich terror attack.
Discussion:
The Huffington Post, Guardian, Guardian, TVNewser and The Drum
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