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Yahoo! Tumblrs for Cool: Board Approves $1.1 Billion Deal as Expected (AllThingsD)
The Yahoo! board has approved a massive $1.1 billion all-cash deal to buy Tumblr. It’s not clear when the official vote was taken, but sources close to the board said the acquisition was a foregone conclusion and was unanimously approved by the directors of the Silicon Valley Internet giant. The deal will likely be announced Monday morning, said numerous sources. Business Insider Marissa Mayer has made her first big move as CEO of Yahoo!. She’s buying a social networking site with a younger audience and a ton of page views. Now it’s time to monetize the thing. Tumblr has just $13 million in revenue right now. It should be able to increase that revenue following the model of Twitter and Facebook. BuzzFeed When Yahoo! was founded, Tumblr’s most important demographic wasn’t even born. This — not profit or monthly active user numbers or corporate image-making — is what explains why Yahoo! wants Tumblr. GigaOM The painful fact is that Yahoo! doesn’t just look desperate — in many ways it is desperate. Mayer has made some changes since she took over the ailing former Web portal, including the acquisition of Summly and a number of other mobile-focused startups and services, but the company still needs to make some aggressive moves if it is going to jump-start any growth at all. AllThingsD If you write about Tumblr as a business, you are required to note that Tumblr has a lot of porn. So why isn’t that an issue for Yahoo!?
‘Bloodbath’ Day at Village Voice: Musto, Sietsema, Feingold Out (Gawker)
Michael Musto, the Village Voice‘s nightlife columnist and most high-profile remaining staffer, has been let go, as was rumored two weeks ago. (There had apparently been some talk of Musto’s column hanging on in some form, but that does not seem to have worked out.) Also let go, sources tell us, was Robert Sietsema, the Voice‘s longtime food critic, and Michael Feingold, the paper’s theater critic. FishbowlNY Christine Brennan, executive editor of the Village Voice Media Group, oversaw the reductions, which included some on the business side of the Voice. She was also the one asking Will Bourne, the Voice‘s last editor, to fire or reduce the roles of staffers. Musto had been writing for the Voice since the early 1980s; Sietsema since the early 90s and Feingold since the late 90s. When a paper just fires three of its most iconic writers, you know things are bad. NY Mag / Daily Intelligencer “What a ride!” wrote Musto in a Facebook post. “I got to meet my icons, piss off power brokers, and write whatever I wanted because the Voice not only let you do that, but encouraged you to do so, providing a cathartic venue in which to spout truths and even make enemies, if need be.” AltWeeklies.com Voice Media Group recognizes their many achievements and honors over the years, and thanks them for their loyalty, their professionalism, and the iconic role they have played in establishing the Voice as a cultural touchstone in New York City.
ABC’s Jonathan Karl to CNN: ‘I Regret The Email Was Quoted Incorrectly’ (CNN / Political Ticker)
Jonathan Karl, chief White House correspondent for ABC News, addressed criticism of his reporting on the Benghazi talking points controversy, saying in a statement to CNN that he regrets the inaccuracy of his report. “Clearly, I regret the email was quoted incorrectly and I regret that it’s become a distraction from the story, which still entirely stands. I should have been clearer about the attribution. We updated our story immediately,” he said in the statement to Howard Kurtz, host of CNN’s Reliable Sources. PressThink / Jay Rosen If a reporter for your network tells the public he has “exclusively” obtained evidence he has not in fact obtained, causing other reporters for the network to repeat that untruth, and part of his report turns out to be wrong, in a way that is politically consequential and would have been avoided if the evidence was actually in the reporter’s possession… what is the proper penalty?
Is Gawker’s Rob Ford ‘Crackstarter’ Crowdfunding’s Jump-The-Shark Moment? (Forbes / J. Maureen Henderson)
Never an outlet to shy away from controversy or a juicy political scandal, Gawker may have finally outdone itself. The devious minds at Nick Denton’s flagship site have started a crowdfunding campaign to purchase a cellphone video of what they claim is the mayor of Toronto, Canada smoking crack cocaine. You thought Zach Braff’s Kickstarter was a reason to take umbrage? Well, you haven’t seen the Crackstarter. paidContent The “Rob Ford Crackstarter” has 10 days to reach its goal and has already pulled in $26,000 as of Friday afternoon. Gawker’s gambit raises some very juicy ethical questions. First, while bringing down crack-smoking mayors is clearly in the public interest (see Barry, Marion), it’s less clear whether it’s acceptable to pay people who are likely serious criminals in order to advance the story.
Associated Press CEO Gary Pruitt: DOJ’s Seizure of Phone Records Was ‘Unconstitutional’ (HuffPost / AP)
The president and chief executive officer of The Associated Press on Sunday called the government’s secret seizure of two months of reporters’ phone records “unconstitutional” and said the news cooperative had not ruled out legal action against the Justice Department. Gary Pruitt said the seizure has made sources less willing to talk to AP journalists and, in the long term, could limit Americans’ information from all news outlets.
Charlie Rose to Host a Show in Prime Time on PBS (NYT)
Viewers can already wake up with Charlie Rose on CBS This Morning, and wind down their day with his late-night PBS newsmaker interview program. If that is not enough, Rose, who has been called “the hardest working man in television,” will soon be hosting a Friday night prime-time PBS show, as well. Deadline Hollywood It will combine highlights from his late-night show with new interviews and discussions of topics in politics, science, business, culture, media and sports and will replace the network’s Need to Know news mag.
AOL’s Patch Gets New CEO as Just Under Three Percent of Staff Is Laid Off in Consolidation (AllThingsD)
Changes at AOL’s local content site, Patch: CEO Jon Brod will step down and is being replaced by COO and president Steve Kalin, according to an internal memo the New York Internet company sent to the division’s employees last week. In addition, sources said a little less than three percent of the 1,400-employee Patch staff will be laid off. The memo notes that downsizing, without giving the numbers, which includes consolidation of several parts of Patch by streamlining its regional structure from 20 to nine teams.
The Evolution of Hacker News (TechCrunch)
The idea of a VC having its own news aggregator was a bit outlandish in 2007. But Y Combinator was in an unusual position in those days anyway. Startup incubators had been a highly visible part of the dot-com crash, and Silicon Valley was still skeptical of the concept nearly a decade later. So YC set out to be something different — a community of hackers building companies on their own terms.
Santa Barbara News-Press Employees Cut Teamster Ties (Ventura County Star / AP)
Newsroom employees at the Santa Barbara News-Press have voted to cut ties with the Teamsters, the union that has represented them through years of legal struggles with management over control of the newspaper.
Freelancer Accuses USA Today of Over-Editing Abortion Story Before Backtracking (FishbowlDC)
A story on the battle to liberalize Ireland’s abortion laws published in USA Today Thursday contained edits that grossly altered the original story, according to freelance journalist Caelainn Hogan, who wrote the piece.
Pitchfork Opts Out of The Pageview Rat Race (Digiday)
Pitchfork was one of few media outlets granted access to dance music duo Daft Punk ahead of its highly anticipated new album Random Access Memories. Determined to make the most of the opportunity, the online music mag ditched its regular templated site layout and instead created a multimedia experience to showcase the content it produced around it. 10,000 Words Offering a rare glimpse into the largely private world of Daft Punk’s Thomas Bangalter and Guy-Manuel de Homem-Christo, and it achieves it best with strong visual elements that only new media can provide. Taking advantage of HTML5 and GIFs, the layout of the piece flows smartly and shows a lot more editorial flair than the standard feature.
Leaked Memo Shows Barnes & Noble Bringing Web Browser And Email to Simple Touch eReaders in June (TechCrunch)
An update will bring a Web browser, email and updated store app to Barnes & Noble’s super affordable Nook Simple Touch line of eReaders, which will begin rolling out June 1 according to a source close to the matter who wishes to remain anonymous.
Elle Is First Magazine to Launch Google Glass App (AppNewser)
Hearst Corporation has launched the Elle Glassware app exclusively designed for Google Glass. The publication is the first magazine to launch a Google Glass app, though it joins other media companies including The New York Times and Mashable, both of who already have Google Glass apps. Digiday Hearst, which publishes titles like Esquire, Seventeen and Cosmopolitan, has been active in mobile for several years, starting with more than 100 mobile apps spanning its TV, newspaper and magazine groups. However, Hearst is seeing — and responding to — a shift in consumer behavior: Many of its major properties see more than 50 percent of their traffic come in via mobile devices.
Gizmodo Pivots From Gadgets to Design (NY Observer)
In what seems like a significant shift in focus from gadgets to design and ideas, Paleofuture, a blog about the history of the future, will be brought in under the Gizmodo umbrella. Matt Novak, the editor of the website, which has been hosted by the Smithsonian, is also coming over.
Times Site Is Attacked by Hackers (NYT)
The New York Times Company was a victim of online attacks earlier last week that slowed down the New York Times website and limited access to content.
What’s your favorite publication to read on a tablet/e-reader?
briansweany None. Made transition to mostly ebooks 5 yrs ago but still get physical morning paper, Nat Geo, SI,and PW.
Kendell Henle Multiple using Flipboard
Cleo Tobbi I love Pocket because I can read any publication I save onto it! Excellent app. Atavist is also a fine app and they are changing the way long form nonfiction is both written and read
Samuel Solomon Nat Geo & Wired
Angela Brown Vogue on the iPad
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