When Jay-Z was announced as part owner of the recently Brooklyn-based Nets franchise, everyone from casual sports fans to savvy business minds wondered what Shawn Carter’s actual impact would be on the franchise. While he only owns one-fifteenth of a percent (while Mikhail Prokhorov owns 80 percent), the piece makes it very clear that he has had his hands in everything from uniform design to arena music choices. Below, choice excerpts can be found while the entire editorial can be read at The New York Times. [Read More]

How's this for a sign of the times? Boosted by its integration with AOL (and the AOL homepage and AOLNews.com, which now simply takes you to HuffingtonPost.com) The Huffington Post has now surpassed The New York Times in monthly unique viewers. The house Arianna built is getting 35.5 million uniques per month compared with The Grey Lady's 33.6 million uniques.

It marks something of a changing of the guard not only because the venerable nytimes.com is much older than HuffPo, but because the kind of original reporting the Times does has been struggling to hold on to an audience in a crowded field of hybrid news/entertainment sites and aggregators. The Times also recently erected a paywall, which has caused about a 10 percent dip in viewership according to the Times's David Carr.

[BusinessInsider]