Online ad revenue is up at the New York Times and the print ad decline is slowing. Maybe that's one of the reasons publishers are so optimistic. [paidContent, Editor&Publisher]

News aggregation site Newsy.com has released a one-stop news iPad app. [TechCrunch]

The revamped Independent had an eventful day, as James Murdoch stormed into its newsroom and Boots stopped offering issues for free. [Guardian]

As ash continues to keep them stranded in European airports, journalists continue to file their stories. [Hold the Front Page]

Does Facebook's use of contacts and address books put journalists and their sources at risk? [Journalism.co.uk]

UK press coverage helps police succeed in a large marijuana bust. [Hold the Front Page]

Banker JP Morgan owns equity on a number of large US newspapers after they defaulted on their debt. [Guardian]

Now that Michael Bloomberg owns BusinessWeek, what's changed? [paidContent]