+ Facebook shares set trading record—A RECORD 571m shares traded in Facebook's IPO, and while the market debut was more buzz than pop, its founder is now worth $US19.3bn. [Link to media]

+ Facebook shares set trading record—A RECORD 571m shares traded in Facebook's IPO, but the market debut was more buzz than pop and the stock closed just US23c higher. [Link to media]

+ Facebook updates status to 'trading'—MORE than 100 million shares were traded in the first four minutes of Facebook's debut on the US Nasdaq market. [Link to media]

+ ABC 'climate death threats' undermined—THE accuracy of the ABC's reporting on climate change has been called into question by an activist. [Link to media]

+ Nine earns the right to party—AS he rides the glass lift to the executive suite, Nine Network boss Jeffrey Browne admits that a little flair is returning to the place. [Link to ...

+ Ten in talks on selling Eye Corp—TEN Network  has entered an exclusivity agreement with oOh!media Group on the possible purchase of  Eye Corp. [Link to media]

+ STW seeks growth in Singapore—STW plans to offset tough trading conditions in Australia by generating $60 million from its Singapore hub within three years. [Link to media]

+ Packer calls on Echo to explain—JAMES Packer has again called for the board of  Echo Entertainment to further explain the leaking of confidential emails and text messages. [L...

+ NewsLocal revamp a success—NEWS Limited's NSW community newspapers business NewsLocal has declared its year-long root and branch overhaul a success. [Link to media]

+ Arnott's cookie crumbles for Y&R—Arnott's has dumped longstanding agency George Patterson Y&R from its account in a major blow to the agency. [Link to media]

+ Ten gets closer to EYE Corp deal— TEN Network Holdings has entered an exclusivity agreement with a bidder for its outdoor advertising business EYE Corp. [Link to media]

+ STW profit up 6.8 per cent—MARKETING company STW has posted a solid 6.1 per cent increase in proportional revenue on last year in its full-year result. [Link to media]

+ SBS doco hit heads south-west—SBS will attempt to emulate its success with the new documentary series, Once Upon A Time in Punchbowl. [Link to media]

+ Fairfax app boosts content—FAIRFAX Media has today launched a new technology which promises to allow readers to access additional content on their iPhone. [Link to media]

+ Ten breakfast a distant third—THE Today show on Nine won nationally yesterday, pushing Seven's Sunrise into second place and Breakfast on Ten into a very distant third. [Link to ...

+ Ten breakfast a distance third—THE Today show on Nine won nationally yesterday, pushing Seven's Sunrise into second place and Breakfast on Ten into a very distant third. [Link to me...

+ Zuckerberg's rise was no accident—FACEBOOK'S founder is about to become the 23rd richest person on earth. His own messages reveal a fast learner with a ruthless streak. [Link to media]

+ Buffett finds value in newspapers—WARREN Buffett's Berkshire Hathaway has agreed to buy almost all the newspapers owned by Media General for $142 million. [Link to media]

+ Trail leads to evil foil—PICK OF THE DAY: DON'T miss the final episode tonight of this wonderful series featuring Essie Davis's Phryne Fisher. [Link to media]

+ What does FB's IPO mean for users?—FACEBOOK users can expect a more sophisticated but possibly more annoying experience on the social network post-float. [Link to media]

+ Facebook hits back over ad concerns—FACEBOOK has gone on the offensive after questions were raised over the value of its advertising ahead of its $US104bn IPO. [Link to media]

+ Media let readers down—BY reporting allegations of impropriety against management of The Star casino, the media played a key role in triggering a second report. [Link to med...

+ Palmer suing Fairfax for defamation—MINING baron Clive Palmer is suing the Sydney Morning Herald's publisher over a report that allegedly painted him as "dishonest". [Link to m...

+ Simons 'set bar too high for herself'—ACADEMIC Margaret Simons has failed to meet her own standards by not disclosing her dealings with the Finkelstein inquiry. [Link to media]

+ Casino claims 'gossip, not fact'—SENSATIONAL media stories about Sydney's The Star casino were untrue,  the NSW casino watchdog has found. [Link to media]

+ Editor thrilled to be back in Vogue—TWENTY years after she started her career as a fashion assistant on Vogue Australia,  Edwina McCann is now editor-in-chief. [Link to media]

+ Voice expulsion a sour note—A contestant on The Voice has been expelled from the competition because she appeared in a hit music video. [Link to media]

+ Academic defends print inquiry links—ACADEMIC Margaret Simons has downplayed revelations she failed to disclose her role in a print inquiry, at which she gave evidence. [Link to media]

+ Ten talent quest loses major prize—THE Ten network's upcoming talent search I Will Survive has just seen its main prize disappear. [Link to media]

+ Adviser denies anti-News agenda—JOURNALISM academic Matthew Ricketson denies being part of an anti-News Limited 'coterie' helping impose print media regulation. [Link to media]

+ Seven's talent wins the night—SEVEN won the ratings last night with a strong performance from Australia's Got Talent and its news programs. [Link to media]

+ Bonfire begins to warm up—PICK OF THE DAY: SEASON two of the series they called The Tudors meets The Sopranos begins tonight. [Link to media]

+ Pledge bar to Rinehart seat—FAIRFAX Media chairman Roger Corbett has an important weapon in his armoury as he attempts to resist a push by Gina Rinehart. [Link to media]

+ Wrangling Facebook's rich—POST-IPO, Facebook will need ways to keep newly minted millionaires on their game. [Link to media]

+ All a-twitter in the media cyclone—POLITICS is overwhelmingly focused on the immediate, which tends to help oppositions. [Link to media]

+ Academic failed to disclose inquiry role—ACADEMIC Margaret Simons brokered key advice for the independent media inquiry but did not disclose the fact when she gave evidence. [Link to media]

+ Bosses told to keep Kyle 'decent'—KYLE Sandilands' employer 2Day FM will be required to adhere to "generally accepted standards of decency" [Link to media]

+ Upsets in vogue—FOR probably the first time in her life, the impeccably stylish Kirstie Clements found herself a fashion victim yesterday. [Link to media]

+ Journalists may face prison—JOURNALISTS face potential jail sentences for identifying vulnerable children in "a clear prima facie breach of the law". [Link to media]

+ Sorkin to write Steve Jobs biopic—STEVE Jobs will come to life on screen courtesy of "The Social Network" writer Aaron Sorkin. [Link to media]

+ NewsLifeMedia axes top editors—MAGAZINE publisher NewsLifeMedia has today axed three of its top editors, including Vogue veteran Kirstie Clements. [Link to media]

+ Staffer could be fired after video leak—A NINEMSN staffer is set to be sacked after posting a video which revealed the winner of Celebrity Apprentice ahead of the broadcast. [Link to media]

+ Facebook's adland failure: analyst—ANALYSTS have warned that Facebook has failed to match its innovation for users with the same level of attention to detail for marketers. [Link to m...

+ ACMA upholds Sandilands ruling—KYLE Sandilands’ employer will be subject to an additional licence condition after the media watchdog upheld a previous ruling. [Link to media...

+ New dramas beat Rafters—New dramas Once Upon a Time and Bikie Wars were both more popular than Packed to the Rafters last night. [Link to media]

+ Mobiles a vital shopping tool—New research reveals 65 per cent of owners are accessing the internet from their phones, making it a critical shopping tool. [Link to media]

+ GM no longer likes Facebook ads—GENERAL Motors plans to stop advertising on Facebook, as a poll showed that few users of the social network clicked on its ads. [Link to media]

+ Brooks 'baffled' over hacking charges—FORMER newspaper executive Rebekah Brooks has said she is "baffled" by criminal charges she now faces over the phone hacking scandal. [Lin...

+ Union boss sues Abbott for 'thug slur'—A COURTROOM showdown is looming between Tony Abbott and one of the nation's most militant union leaders. [Link to media]

+ Brooks charged over phone hacking—REBEKAH Brooks was last night charged with perverting the course of justice over the phone hacking scandal. [Link to media]

+ ACMA to rule on Sandilands—THE Australian Communications and Media Authority will this morning hand down its final ruling on Kyle Sandilands and 2Day FM. [Link to media]

+ Conroy adviser backed media inquiry choice—STAFF in Stephen Conroy's office boasted about their "strong relationship" with University of Canberra professor Matthew Ricketson. [Link ...

+ Ad market remains in doldrums—THE global advertising market is predicted to show no overall growth this year. [Link to media]

+ Rinehart seeking two seats on board—GINA Rinehart has stepped up her push to secure representation on the board of Fairfax Media. [Link to media]

+ TV and radio pick up ad spend—MEDIA companies enjoyed a reprieve from tough conditions in the advertising market last month. [Link to media]

+ Brooks to face phone hacking charges—FORMER News International chief executive Rebekah Brooks is to face charges over Britain's tabloid phone hacking scandal. [Link to media]

+ Fairfax Media's digital publishing head departs—FAIRFAX Media’s head of digital publishing Jane Huxley is leaving the company at the end of the month. [Link to media]

+ Dad's army for Facebook IPO—THE dad who wants to buy into Facebook with savings for his daughter's schooling is among an army of Americans lining up for its IPO. [Link to medi...

+ Britney Spears joins US X Factor—BRITNEY Spears is joining the judging panel on the US version of The X Factor as Fox attempts to boost the show.

+ Amnesia claim broke inquiry rules—NEWS has accused the Leveson Inquiry's senior counsel of "headline grabbing" by saying that Rupert Murdoch had selective amnesia. [Link to...

+ Facebook IPO hits $US104bn—FACEBOOK raised the price range on its IPO, valuing the social network company at up to $US104bn, up from a maximum of $US96bn. [Link to media]

+ News Corp buys China film stake—CHINESE film distributor Bona Film Group has agreed to sell News Corporation a 19.9 per cent  stake in the company. [Link to media]

+ The Voice and Tricky Business help Nine—THE Voice propelled the Nine network to another dominant Monday night win  after AFL Monday Night Football confused Seven. [Link to media]

+ Is Ten running out of ideas?—TEN is sorely in need of program ideas. [Link to media]

+ Coles magazine goes monthly—COLES magazine has doubled its frequency from five to 11 issues per year. [Link to media]

+ Ten new films win funding—FILMS by Red Dog's Kriv Stenders and Sleeping Beauty's Julia Leigh are among 16 features splitting $400,000 in development support. [Link to media]

+ Yahoo CEO exits without payoff—YAHOO said that its recently-deposed chief executive Scott Thompson would leave without receiving severance pay. [Link to media]

+ TV guru to help Ten pick a hit—TEN CEO James Warburton has signed up an independent television analyst to help boost his programming chances. [Link to media]

+ Reprieve on small town TV—RESIDENTS of a Queensland town have been allowed to keep a new digital TV originally only on loan from the federal government. [Link to media]

+ Seven dances away on Sunday night—NINE lost the night narrowly to Seven despite strong performances by The Block and 60 Minutes. [Link to media]

+ Saverin gives up US passport—THE billionaire co-founder of Facebook has renounced his US  citizenship, avoiding $US600m in tax when the company floats. [Link to media]

+ News seizes on power of Twitter—NEWS Limited is seeking a new platform that will feed relevant tweets and other social media updates directly to journalists. [Link to media]

+ Bing bids to boost market share—MICROSOFT has launched a multi-million-dollar marketing assault for its Bing search engine and is targeting Generation Y. [Link to media]

+ Attard out, redesign in—THE much-maligned Global Mail website will be redesigned next month with a more reader-friendly interface. [Link to media]

+ Foxtel to spruik its wares—FOXTEL will launch an ambitious new brand identity once it completes its $2 billion takeover of regional pay-TV operator Austar. [Link to media]

+ Hobbs to run Nine news—THREE months after Darren Wick succeeded Mark Calvert as  news and current affairs director at Nine, Simon Hobbs has replaced him. [Link to media...

+ ABC not for sale—IGF fans of the ABC's new collectables show think there are a lot of plugs for auction houses in the series, they're right. [Link to media]

+ PM and Swan duck talkback kings—THE decision by the PM and Treasurer to largely bypass talk radio presenters after the budget bemused talk-show hosts. [Link to media]

+ Will miners dig their new mag?—YES, it's called Shaft, but despite it's "oo, er!" title the men's magazine  isn't exactly the sort of read you might expect. [Link to ...

+ Editors wrestle match fixing—SHUKAN Gendai has done the unprecedented in Japan -- taken on the powerful forces involved in the sport of sumo wrestling. [Link to media]

+ Ten sales execs head for the exit—THE Ten Network parted ways with three sales executives last week as chief James Warburton continued to reshape the network. [Link to media]

+ Brooks details friendship with PM—BRITISH Prime Minister David Cameron occasionally signed off his texts to News International executive Rebekah Brooks with "lots of love". ...

+ Brooks admits love messages from PM—BRITISH Prime Minister David Cameron occasionally signed off his texts to News International executive Rebekah Brooks with "lots of love". [...

+ Media Watch eyes death threat claims—AFTER reports about death threats against climate scientists, the ABC and Fairfax Media are under investigation by Media Watch. [Link to media]

+ ARL buoyed by talks with Seven and Ten—ARL Commission chief David Gallop is confident the Seven and Ten networks are serious about broadcasting rugby league. [Link to media]

+ Fairfax misrepresents hacking findings—THE Australian Financial Review has misrepresented the findings of two US courts regarding hacking allegations against News Corp. [Link to media]

+ Paid model offers ad insights—PAID content models are making depth of reader engagement an increasingly important measurement for online publishers. [Link to media]

+ Walkley winner rejoins team—ANDREW White, one of Australia's most experienced business writers and editors is rejoining The Australian. [Link to media]

+ Sattler suffers stroke—VETERAN Perth radio presenter Howard Sattler announced live on-air today he had suffered a stroke. [Link to media]

+ Telstra's Nason to chair Foxtel—TELSTRA appointed Robert Nason as the new chairman of its 50 per cent-owned pay-television firm Foxtel. [Link to media]

+ Kyle admitted to hospital—MYSTERY surrounds Kyle Sandilands’s admission to hospital overnight with Southern Cross Austereo unsure of the cause of his absence. [Link to me...

+ Strong performance by The Block—THE Block on Nine was the most popular non-news program on Thursday night but did not have enough viewers to help Nine beat Seven. [Link to media]

+ SBS production recognised—THE groundbreaking SBS reality series Go Back to Where You Came From has won the prestigious international award, the Best of Rose d'Or. [Link to medi...

+ Leys guest ghost on Lateline—NICK Leys has this morning denied allegations that he missed his appearance as Lateline guest tweeter last night because he was asleep. [Link to me...

+ Time cover prompts storm in a B-cup—SHOCKING or no big deal? A woman breastfeeding her three-year-old son is the cover photo of Time magazine for a story on "attachment parenting&qu...

+ Coulson denies 'grand conspiracy'—FORMER NoW editor Andy Coulson has denied being part of any "grand conspiracy" between Rupert Murdoch and David Cameron's government. [Link ...

+ Putting great music into context—DO you remember how many of us once bought collections of songs on vinyl records? [Link to media]

+ 'I wasn't hired for my Murdoch links'—FORMER NoW editor Andy Coulson has denied being part of any “grand conspiracy” between Rupert Murdoch and David Cameron’s government...

+ The Oz is first in national arena—THE Australian was the best-performing national newspaper in the three months to the end of March. [Link to media]

+ Print newspaper sales fall—NEWSPAPER print sales fell in the March quarter, but  online growth is offsetting some of the losses. [Link to media]

+ Magazine sales, readership down—WEEKLY magazine sales slumped again in the March quarter and readership of weekly and monthly titles also declined, new data shows. [Link to media]

+ Optus fights on in sport case—OPTUS is to reopen its copyright battle with major sporting bodies and Telstra, promising to take its fight to the High Court. [Link to media]

+ NoW exonerated over girl phone claim—A FIVE-MONTH police investigation has cleared disgraced newspaper News of the World of its most explosive telephone-hacking allegation. [Link to media...

+ Carey defends Murdoch—NEWS Corporation's third-quarter profits soared 47 per cent . [Link to media]

+ Buyback shows change of heart at News—THE buyback is symbolic of  Murdoch's deference to his management team, which is focused on improving returns for shareholders. [Link to media]

+ Andrew White rejoins The Australian—Andrew White, associate business editor of The Australian Financial Review, is to rejoin The Australian to help lead its business coverage. [Link to m...

+ Fairfax silent on Spectator—Fairfax Media has refused to comment on reports it has decided against a deal to take control of Alan Kohler's Business Spectator. [Link to media]

+ Packer gambles on interview—KARL Stefanovic has an exclusive interview with James Packers on Nine's 60 Minutes on Sunday night, dubbed Packer's Punt. [Link to media]

+ Optus to appeal court ruling—OPTUS will appeal a recent court ruling that they breached copyright law in broadcasting near live sporting matches on mobile devices. [Link to media]

+ Sales sets 7.30 return date—LEIGH Sales will return from six months maternity leave to anchor ABC1's 7.30 on May 28. [Link to media]

+ Chase Carey defends Murdoch—NEWS Corporation COO Chase Carey rejected a UK report that chief Rupert Murdoch was "not a fit person" to run a global media company. [Lin...

+ News Corporation defends Murdoch—NEWS Corp rejected a UK parliamentary inquiry report that chief Rupert Murdoch was "not a fit person" to run a global media company. [Link t...

+ The rise and rise of Facebook—PICK OF THE DAY: IN seven years, Mark Zuckerberg has gone from a college dorm to running a business with a value of $100 billion. [Link to media]

+ News Corp profit jumps 47pc—News Corp will double its share buyback to $US10bn as Q3 profits jumped 47pc to $US937m. [Link to media]

+ Video ads for Angry Birds—AUSTRALIA will be the first country in the world to get video ads in the popular mobile phone game Angry Birds. [Link to media]

+ Julia's radio round dials up static—JULIA Gillard did six broadcast interviews yesterday morning to spruik the budget but it wasn't all smooth sailing. [Link to media]

+ SBS receives funding increase—SBS will invest in its current affairs line-up, radio services for African migrants and more Australian content. [Link to media]

+ AAP to complain to Treasury—THE wire service Australian Associated Press has accused the government of cynically attempting to control the media following budget leaks to televis...

+ ARL opens door to Nine's rivals—THE ARL Commission is ready to open formal talks with the Seven and Ten networks this week. [Link to media]

+ Attard parts ways with site—MONICA Attard has rejected ta writing job on The Global Mail after her editorship of the online start-up became untenable. [Link to media]

+ Julia's radio round dials up static—JULIA Gillard did six broadcast interviews yesterday morning to spruik the budget but it wasn't all smooth sailing. [Link to media]

+ Twitter investigates hacked accounts—TWITTER says it is investigating how user names and passwords from thousands of accounts ended up online. [Link to media]

+ Keep your head up Rebekah: British PM—DAVID Cameron sent texts to Rebekah Brooks in the week she resigned from News International over the phone-hacking scandal. [Link to media]

+ SBS to launch Indigenous TV—SBS has received its largest ever funding boost enabling it to launch a new national free-to-air Indigenous Television service. [Link to media]

+ SBS to launch indigenous TV—SBS has received its largest ever funding boost enabling it to launch a new national free-to-air Indigenous Television service. [Link to media]

+ Angry Birds gets video ads—ANGRY Birds is to start screening video ads on its app and Australian advertisers will be the first to use it. [Link to media]

+ Biggest Loser finale draws 1.42m—LAST night the finale of Ten’s The Biggest Loser attracted 1.42 million viewers for the announcement of Margie as winner. [Link to media]

+ Attard leaves The Global Mail—MONICA Attard editor-in-chief of The Global Mail has left the publication only three months after its launch. [Link to media]

+ Disney Q2 profit up 21 per cent—Disney's fiscal second-quarter profit rose 21 per cent as higher revenue from their and theme parks offset losses in its movie studio. [Link to media]

+ Wit's the word—PICK OF THE DAY: ANDREW Denton's return to television started a little quietly last week. [Link to media]

+ Reality TV grows up—THE AACTA Awards will include a stand-alone best reality television series award for its 2013 ceremony. [Link to media]

+ Ben Eltham's bookcase—NEW Matilda's Ben Eltham has a scholarly mind and a bookcase to match. [Link to media]

+ The rise of the new romantic—ARTIFICE in a rom-com just won't do for Jason Segel. [Link to media]

+ SBS lifeline to ease pressure—THE Gillard government has thrown a lifeline to the Special Broadcasting Service Corporation (SBS), providing $158 million in extra funds over five ye...

+ China expels al-Jazeera reporter—CHINA has stepped up its censorship of foreign journalists with al-Jazeera forced to close its English news bureau in Beijing. [Link to media]

+ China expels English language reporter—CHINA has expelled the first accredited foreign journalist in 14 years -  Al-Jazeera English language reporter Melissa Chan. [Link to media]

+ Press Club pub night wrap up—REPORTERS who couldn't make the Melbourne Press Club's inaugural Pub Night last Tuesday should read Kate Osborn's account. [Link to media]

+ Facebook star-power hits NY—WALL STREET got a taste of Mark Zuckerberg's star-power as a media frenzy surrounded the Facebook founder's IPO roadshow. [Link to media]

+ Facebook star-power hits NY—WALL STREET got a taste of Mark Zuckerberg's star-power as a media frenzy surrounded the Facebook founder's first investor meeting. [Link to media]

+ Perth's Mix scores its century—Southern Cross Austereo's Mix 94.5 in Perth has won its 100th consecutive radio ratings survey. [Link to media]

+ Masterchef falls under 1 million—Nine had more than one in three viewers last night thanks to its double whammy of The Block followed by The Voice. [Link to media]

+ Internet TV rises as viewers cut cable—NEARLY three million Americans cut their cable television subscriptions last year as more turned to the Internet, a survey shows. [Link to media]

+ Mad Men paid $250,000 for Beatles song—In a recent episode of Mad Men the producers of the show paid $250,000 for the rights to play a Beatles song. [Link to media]

+ The Office tickles funny bone—PICK OF THE DAY: IT'S hard to believe that this 13th episode of the eighth season is the 165th instalment of this still brilliant show. [Link to media...

+ Internet piracy talks up in the air—THE federal Attorney-General's Department is struggling to keep negotiations to stop peer-to-peer internet piracy on track. [Link to media]

+ A fair fist—Strewth always enjoys a media release on the topic of how TV presenters were not simulating a sex act while on camera. [Link to media]

+ Internet piracy talks up in the air—THE federal Attorney-General's Department is struggling to keep negotiations to stop peer-to-peer internet piracy on track. [Link to media]

+ Seven waits in wings for NRL bid—THE Seven Network set the scene for a titanic battle over the game's broadcasting rights yesterday. [Link to media]

+ Master of reality universe no more—TEN'S major programming play for the year, MasterChef Australia, launched with its worst opening audience in four series. [Link to media]

+ Sky News goes lewd—SKY News presenter James Bracey has this morning drawn controversy on Twitter following claims he simulated a sex act live on air. [Link to media]

Last new 19/5/12 3:22pm.