FIRST CUTS: Top HuffPo editor bails; Conde execs nots amused by @CondeElevator
Our list of stories that should be on your morning media menu:
• The Huffington Post's entertainment/culture editor, who joined the site five months ago from the New York Times, has already quit. (WWD)
• Conde Nast executives aren't laughing over the @CondeElevator spoof Twitter account. (Romenesko)
• Dan Frommer: "Facebook is your new local newspaper." (Business Insider)
• Jack Shafer defends bloggers who "aren't parasites." (Slate)
• Reuters has poached an investigations editor from USA Today. (Romenesko)