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The newspapers that give Rupert Murdoch's News Corp. (Nasdaq: NWSA) its name may soon be on their own after the media giant's board approved a breakup that could radically reshape the global media landscape.
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No. 1

Kristen Stewart Tops 'Highest-Paid Actresses In Hollywood' List [PHOTOS]

Kristen Stewart beat out some of Tinseltown's most revered stars to earn the title of The Highest-Paid Actress in Hollywood. Forbes ranked Stewart above the likes of Cameron Diaz, Sandra Bullock, Angelina Jolie and Charlize Theron. At only 22, Stewart is already earning $12.5 million per Twilight film.
Spotify for iPad

Spotify Goes Mobile, But Profits Remain Elusive

Streaming music service Spotify Ltd. launched a mobile radio feature on Tuesday that connects to Apple Inc.'s (Nasdaq: AAPL) ubiquitous iPhones and iPads, encroaching on the turf of online radio provider Pandora Media Inc. (NYSE: P).
Facebook

Facebook?s Rehabilitation - A Month Post-IPO, Baby Steps In Recovery

On May 18, Facebook closed its first day as a public company at $38.23, valuing itself around $105 billion. On Tuesday at mid-day, it traded near $31.50. Still, despite the vilification of the IPO, the slumping share price and dozens of class action lawsuits filed in federal courts in New York and California, Facebook, a damaged brand, has followed the advice of New York image guru Clive Chajet who said it should ignore the press and stick to its knitting.
Wine

US Sen. Coburn Seeks Cuts To Agro-Marketing Subsidies

As the U.S. Senate grapples with how to allocate about $100 billion a year for the next decade on food policy, one subsection of the farm bill is under attack, namely, the $200 million U.S. taxpayers spend every year to subsidize the marketing of well-established brands found in virtually every American pantry.
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YouTube chief mulls paid subscription

-YouTube is exploring selling subscriptions to access to some of its video offerings, potentially providing a way for certain cable channels to be available outside the traditional bundles offered by cable network providers, said YouTube boss Salar Kamangar.
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Apple Newsstand Gets Much-Needed Boost From Time Inc. Magazines Deal

Time Inc., the largest magazine publisher in the U.S., has decided to embrace digital distribution. On Wednesday, Time Inc. announced that it will make all of its magazines available over the Newsstand application built by Apple, which exists on its iPhone, iPad, and iPod Touch devices.
4. 2012 Chevy Volt.

HOV-Lane Access Drives Electric Car Sales In California

Sales of the Chevrolet Volt Hybrid-Electric Vehicle (HEV) have experienced a resurgence in California following tweaks that now allow the car from General Motors Company (NYSE: GM) to qualify for High Occupancy Vehicle (HOV) lane access.

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