Advance Publications "has quietly begun shopping" its 73-year-old magazine Parade to possible buyers, "according to reliable industry sources" cited by Keith Kelly. Despite remaining "one of the largest-circulation publications in the country, with 32 million copies distributed" each week inside 750 Sunday newspapers around the country,  the pub has "fallen on tougher times lately as ad dollars, especially direct-response ads, migrate to digital."

Time Warner is reportedly in talks to buy a 50% stake in Vice Media. “One potential structure under discussion would see Time Warner injecting HLN, a news platform owned by its Cable operations, into Vice in return for roughly half the enlarged company,” Sky News reports. “A deal is expected to value Vice at roughly $2.2bn, about 50% more than last year's sale of a stake in the mini-conglomerate.” 

Rebranded as PlayStation TV, Sony’s Vita TV will soon be available to North American and European audiences. “The good news is that [the streaming-only console] will only be $99, while still giving you access to the library of PS Now games and the ability to remotely access titles on your local network,” Engadget reports. “You'll be able to pick up the newly christened PlayStation TV this fall either as a standalone unit, or as part of a bundle.” 

Is Medium -- the brainchild of Twitter co-founder Evan Williams -- a content platform, a publisher or a modern day magazine? GigaOm isn’t quite sure. “Even in a digital-media landscape that is dotted with odd start-ups, Medium is a strange beast,” it writes. “It has ‘collections,’ which are sort of like mini-magazines, and yet the site itself is like a magazine.” The relaunch of Matter, a journalism start-up that Medium bought last year, appears to have further complicates matters. 

Worldwide, digital news audiences have increased by 23% over the past year, Journalism.co.uk reports, citing fresh research from World Press Trends. All together, 2.5 billion people still read newspapers worldwide, while 0.8 billion get their news online. While still dominant, “print circulation has continued to decline, by 2% over five years, while print advertising has declined by 13% over the same period.” 

The New York City Council will be holding public hearings on whether reality TV shows shot in the city foster "sweatshop" conditions. "The overwhelming majority of nonfiction shows shot there are nonunion, with many workers complaining about long hours without overtime pay and no health benefits," writes David Robb.

A new survey documents U.S. "cable rage," with 53% of respondents noting "they'd leave their current cable company — if they had a choice," writes Brian Fung. "But as many as 70% said their options are too limited, according to the study by consulting group cg42."

The last print edition of Johnson Publishing's Jet magazine will be on newsstands June 9. Then on June 30 the publication will launch its app for all tablet and mobile platforms, featuring "breaking news and entertainment content, along with politics, pop culture and social issue-related stories of interest to African-Americans," writes Lewis Lazare.

A report from Adobe Digital Index shows significant growth in TV Everywhere use. Viewership of apps like HBO Go and video-on-demand from cable operators "has leaped 246 percent year-over-year; 21 percent of US households are now taking advantage of the technology," writes Chris Welch.

Following the departure of founding editor Tina Brown, The Daily Beast is losing its CEO, Rhona Murphy. “Daily Beast editor-in-chief John Avlon and chief digital officer Mike Dyer will become managing directors of the site, while also retaining their existing titles and roles,” Capital reports. “Presumably, Avlon and Dyer will assume additional business-side responsibilities.” Parent company IAC is bringing in former Conde Nast exec Sarah Chubb to advise Avlon and Dyer.