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10:40 AM ET, May 2, 2012


 Top News: 
Mike Giglio / The Daily Beast:
Tom Watson Fires Back at Criticism of Murdoch Report  —  MP Tom Watson has taken flak for a ‘partisan’ report calling Murdoch unfit to run News Corp. Now, Murdoch's ‘tormentor-in-chief’ tells Mike Giglio that it's not about politics.  —  Tom Watson, the hard-charging Labour MP …
Discussion: Guardian
Rupert Murdoch's Fox broadcast licences targeted by US ethics group  —  FCC called on to revoke licences in wake of British parliamentary report as phone hacking scandal widens abroad  —  A Washington-based ethics watchdog is calling on federal regulators to revoke News Corporation's 27 Fox …
Discussion: Media Decoder, CREW and Tech Daily Dose
Lisa O'Carroll / Guardian:
Leveson: second inquiry may not happen  —  Further investigation into crimes at News International and other media groups would be delayed ‘for months, if not longer’  —  The second part of the Leveson inquiry, which was due to investigate the extent of crimes committed at News International …
Paul Sawers / The Next Web:
Sky News is available from today in the US & Canada for the first time, via Livestation  —  BSkyB's Sky News will be made available for the first time in North America from today, the company has announced, with viewers in the US and Canada able to access the TV channel by subscribing …
Discussion: Beet.TV
Mark Sweney / Guardian:
BSkyB posts profit of almost £1bn  —  Satellite broadcaster reports 25% surge in operating profit and grows total customer base to 10.5 million  —  BSkyB has delivered profits of almost £1bn in the nine months to the end of March, fuelled by £31m that Rupert Murdoch …
Kate Holton / Reuters:
BSkyB uses record results to defend role in Britain
Robert Andrews / paidContent:
BSkyB acquires Acetrax to be its connected TV Trojan Horse
Discussion: Guardian
John Koblin / Deadspin:
Is An ESPN Columnist Scamming People On The Internet?  [UPDATE]  —  A few weeks ago, ESPN columnist Sarah Phillips concluded her weekly “Junk Mail” column with a question from an unnamed reader: … Phillips responded: … Is Sarah Phillips for real?  Thirteen months ago …
Peter Kafka / AllThingsD:
Time Inc. Shrinking Again  —  Not a good sign for the magazine business: A rough quarter for Time Inc., the world's biggest magazine publisher.  —  Revenues dropped 3 percent for the first three months of the year, while operating income shrank by 38 percent.
Zeke Miller / Buzzfeed:
How The White House Smothered The News Of Obama's Trip To Afghanistan  —  Shortly before 9:19 a.m. this morning the Afghanistan-based 24-hour broadcast news station TOLONews tweeted that President Barack Obama had landed in Afghanistan.  The surprise trip was a closely guarded secret …
Andrew Beaujon / Poynter:
Washington Post's Sunday circulation drop not as steep as it appears  —  At first glance, The Washington Post's numbers reported Tuesday morning in the Audit Bureau of Circulations' March report look grisly: Of all the Top 25 papers in the report, The Post has the steepest drop in average Sunday circulation, down 15.66 percent.
Rasmus Kleis Nielsen / MediaFile:
The irrational imitation of the online news industry  —  All across Europe, journalistic online startups are launching, aiming to produce and disseminate news in new ways.  In our brave new world, the nimble startups of tomorrow were supposed to be overtaking the lumbering dinosaurs of yesterday online.
Jeff John Roberts / paidContent:
Judge stays e-book class action case against two publishers  —  Publishers Hachette and HarperCollins slipped further away from the class action lawyer who wants them to pay over an alleged e-book price-fixing conspiracy.  —  In an order signed yesterday in New York federal court …
Robert Andrews / paidContent:
Web journey complete, FT switching off iOS app  —  The Financial Times is preparing to kill off its iPad and iPhone app for good, signalling its final conversion from executable-app to web-app publishing.  —  The news publisher launched a HTML5 web app and pulled its iOS app off iTunes Store …
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 More News: 
Ben Sisario / New York Times:
A Radio Merger in New York Reflects a Shifting Industry
Laura Hazard Owen / GigaOM:
Soon you'll be able to use your Nook to buy books in Barnes & Noble stores
Discussion: Fortune, TeleRead, PC Magazine and Betabeat
Associated Press:
CBS 1st-quarter profit beats Street estimates on digital licensing, overseas sales of TV shows
Discussion: Wall Street Journal and Bloomberg
 Earlier Picks: 
Katherine Fung / The Huffington Post:
Wall Street Journal, News Corp. Receive Suspicious White Powder Letters
Discussion: Associated Press
Michael Calderone / The Huffington Post:
American Prospect Raises $7,500 On Day 1, But ‘Long Way To Go’ To Avoid Closing