Top news from the week of May 30:
► Groupon files S-1; IPO feeding frenzy set to begin
► Hearst, Hachette done deal; exec musical chairs begins
► PBS ad model changes; programs to receive commercial breaks
► “Like”-like buttons launched by Twitter (“Follow”) and Google (“+1”)
► Facebook approaches 700 million users worldwide
► Hulu strikes content deal with Miramax
► Upfront update: Fox wraps things up, sales approach $2 billion
► Nike hires
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