FIRST CUTS: Top HuffPo editor bails; Conde execs nots amused by @CondeElevator

Joe Pompeo

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)