Today's media stories from the papers

Top stories on MediaGuardian.co.uk Channel 4 confirms racing takeover Channel 4 confirmed its TV takeover of racing's 'crown jewels' from the BBC in a four-year deal worth up to £20m Libya frees two British journalists Gareth Montgomery-Johnson and Nicholas Davies work for Iran's Press TV and were arrested by militia group in February Murdoch met Thatcher before Times takeover The media mogul requested a meeting at Chequers to personally lobby the PM, and explicitly briefed her on his bid - something long denied by both sides This week's featured media jobs Oxford University Press - Asia-Pacific Institutional Marketing Manager Oxford/permanent/full time Guardian News & Media - Product Managers London/permanent/full time For more jobs, career advice and workplace news visit guardianjobs.co.uk Today's headlines The Guardian Guy Hands calls for 'budget for banks'. P24 Dan Sabbagh on James Murdoch. P32 British drama needs tax breaks. P32 Interview with Stylist editor Lisa Smosarski. P33 Channel 4 picks up all BBC racing. Sport P12 The Independent Barry Humphries to retire Dame Edna character. P3 i UK journalists freed in Libya. P2 Barry Humphries to retire Dame Edna character. P3 Interview with Badoo marketing chief. P41 Daily Telegraph Phone hacking evidence handed to FBI. P2 Internet troll targeted me for two years, says Richard Bacon. P11 The Times Trinity Mirror declines to review potential misconduct cases. P8 MPs committee is expected to endorse press self-regulation plans. P8 Barry Humphries to retire Dame Edna character. P15 Emap appoints Hawkpoint as adviser. P34 Grand National and Royal Ascot to move to Channel 4. P49 Financial Times BBC loses Grand National and Royal Ascot to Channel 4. P4 Wall Street Journal Europe Iran's internet censors tighten grip. P14 Julian Assange plans to run for Australian senate. P18 Google faces new privacy probes. P25 Apple fans rush for new iPad. P25 James Murdoch to leave the board of Sotheby's. P27 Google to give search formula a refresh. P33 Daily Mail Channel 4 snatches racing from BBC. P8 Barry Humphries to retire Dame Edna character. P28 Daily Express Simon Cowell would axe The X Factor if ratings plunge. P9 The Sun Harry Hill to continue with TV Burp. P3 Daily Mirror Barry Humphries to retire Dame Edna character. P3 Simon Cowell vaguely hints at the end of The X Factor. P7 Channel 4 to show all terrestrial horse racing. P25 Daily Star Simon Cowell warns he will cut The X Factor if ratings dive. P1, 5 And finally ... Why does it always seem to be Top Gear that somehow attracts the headlines? A Top Gear cameraman has pulled off a deal to buy a TV studio that was built with £3.7m of taxpayers' money – for a bargain basement £150,000 – that has got Norwich politicians up in arms. The studio, the former headquarters of Anglia Television in Norwich, was acquired and spruced up at a cost of £3.7m by East of England Development Agency and Norfolk County Council. It was then sold to Jonathan Thursby, whose company Extreme Video is involved in filming Top Gear, for a six-figure sum. Daily Telegraph P14 Also on MediaGuardian.co.uk today News channels given Dale Farm review BBC, ITN and Sky News given judicial review of court decision to hand over hours of unbroadcast footage of Dale Farm eviction 'Viewers comfortable with BBC pay downloads' Corporation's director of content says audience research confirms iTunes-style purchase scheme would be welcomed Groupon boss: we don't repeat mistakes Joint managing director defends daily deals site after OFT finds it broke a string of consumer protection laws Guy Hands in 'budget for banks' plea to George Osborne Financier who lost EMI to Citigroup says 'it is lack of lending, rather than too much, which is the real danger' Man arrested over allegedly racist Twitter remarks about Fabrice Muamba South Wales police hold 21-year-old in Swansea on suspicion of making racially offensive comments on social network James Murdoch gives up another directorship He will not seek re-election to board of Sotheby's Julian Assange to run for Australian senate WikiLeaks founder hopes to enter politics in home country after discovering his ongoing extradition battle would be no bar Facebook's 'dark side': study finds link to socially aggressive narcissism Psychology paper finds Facebook and other social media offer platform for obsessions with self-image and shallow friendships Christopher Jefferies: tabloid frenzy hampered Joanna Yeates investigation Bristol landlord, who was wrongly arrested after tenant's murder, attacks 'character assassination' by newspapers This American Life withdraws damning Apple episode US radio show which became its most-listened to 'should never have been put on air' says producer after admitting that underage and injury claims could not be verified