Mediagazer: Yahoo's New CEO Preps Major Restructuring, Including Significant Layoffs (Kara Swisher/AllThingsD)

4:05 PM ET, March 5, 2012

Top News:

Rush Limbaugh, AOL Part Ways — WASHINGTON — AOL, the parent company of The Huffington Post, has become the eighth advertiser to pulls its money from Rush Limbaugh's syndicated radio program since he called Georgetown law student Sandra Fluke, who spoke out in favor of contraception coverage, a “slut” and a “prostitute” last week.

Discussion: FishbowlNY, Gothamist, AllThingsD, Boing Boing, The Consumerist, Daily Kos, South Florida Daily Blog, Hispanic Business Magazine and The Newspaper Guild

Jeff Bercovici / Mixed Media:

Advertisers' Boycott Won't Dent Rush Limbaugh's Earnings — The eight (and counting) advertisers who have pulled their sponsorship from “The Rush Limbaugh Show” to protest its host's sexist attack on a female law student are making headlines. They're making a statement.

Discussion: Broadcasting & Cable, The Huffington Post, Daily Kos and Rolling Stone

Brian Stelter / New York Times:

Limbaugh Advertisers Flee Show Amid Storm — Emboldened by Rush Limbaugh's public apology over the weekend to a law school student whom he had called a “slut” and a “prostitute,” critics of the radio talk show host are intensifying their online campaign against his advertisers.

Discussion: The New York Observer, The Huffington Post, @brianstelter, Forbes, Runnin' Scared, entertainment.time.com, The Maddow Blog, Media Decoder, Washington Post, Indecision Forever, Michelle Malkin, Erik Wemple, Poynter, The Huffington Post and The Daily Beast

Paul Farhi / Washington Post:

Rush Limbaugh should take lessons from Imus, liberal talk-show host Shultz — Did Rush Limbaugh just have his Don Imus Moment? — With more sponsors bailing and Republican lawmakers adding to the condemnation of the talk-show host on Sunday, the flap over Limbaugh's comments …

Brian Stelter / Media Decoder: As Advertisers Recoil, Limbaugh Says, ‘So Be It’

David Leigh / Guardian:

Met chief dined with ex-NoW deputy after meeting Guardian editor — Sir Paul Stephenson tried to persuade Alan Rusbridger to halt hacking investigation and then had dinner with Neil Wallis — The then commissioner of the Metropolitan police, Sir Paul Stephenson, had dinner …

Discussion: Press Gazette

Neville Thurlbeck:

Corruption. The Agenda to Demonise News International — THERE is an increasing tendency to demonise News International titles for offences which rival titles have been equally guilty of. For evidence of this, we need look no further than the Daily Mirror.

Discussion: Daily Mail, Guy Fawkes' blog and Press Gazette

David Leigh / Guardian:
Phone-hacking documents ‘confirm that Labour government was briefed’

Discussion: Press Gazette

Devlin Barrett / Wall Street Journal:
News Corp. Probe Turns to Russia

Discussion: Guardian, Company Town, Financial Times, Deadline.com and New York Magazine

Rachel McAthy / Journalism.co.uk:
Leveson inquiry hears of alleged ‘trade’ between press and police

Discussion: Journalism.co.uk

Mark Sweney / Guardian: Sun on Sunday estimated to have lost about 500,000 sales

Natalie Peck / Hacking inquiry: Former senior cop blames the force's ‘closed mindset’ for hacking investigation failure

Kara Swisher / AllThingsD:

Yahoo's New CEO Preps Major Restructuring, Including Significant Layoffs — According to multiple sources both inside and outside the Silicon Valley Internet giant, Yahoo's CEO Scott Thompson is preparing a massive restructuring of the company, including layoffs that are likely to number in the thousands.

Discussion: Forbes, VentureBeat, Deadline.com, PC Magazine, InvestorPlace, Mercury News, Poynter, Mashable!, msnbc.com, Beyond Search, Guardian, WebProNews, Business Insider and ZDNet

John M. Clarke Jr / Forbes:
Yahoo Makes Move For Olympic Broadcast Rights

Discussion: TechCrunch and Globe and Mail

Andrew Beaujon / Poynter:

PEJ: Newspapers are losing $7 in print revenue for every $1 in digital gained — Revenue is just one of the problems facing American newspapers, says a new Project for Excellence in Journalism study. The culture at newspapers, and not just on the editorial side, is as much an impediment …

Discussion: Poynter, Adweek, Journalism.org and Free Press

Staci D. Kramer / paidContent:

Pew: Papers' Biggest Revenue Threat Is Inertia; Second Biggest Is Action — Before we get into the results of the latest detailed look at how U.S. newspapers are faring on the digital revenue front, let's get one serious qualm out of the way: the Project for Excellence in Journalism's 16-month study …

Discussion: Media Decoder, Journalism.org, Gawker, Guardian, Fortune, Shaping the Future …, Nieman Journalism Lab, PewResearch.org, eMedia Vitals and JIMROMENESKO.COM

Tommy Christopher / Mediaite:

Current TV Announces Morning Block With Bill Press And Stephanie Miller — Al Gore's Current TV is taking the next step toward fulfilling its promise of a 24-hour slate of progressive news and commentary with the announcement that the network will debut a morning programming block featuring …

Discussion: rbr.com, Broadcasting & Cable, The Wrap, The Huffington Post, mediabistro.com, TVNewser, FishbowlDC and Chickaboomer

Brian Stelter / Media Decoder: Current TV to Simulcast Liberal Radio Talk Shows

Lucy Tesseras / New Media Age:

Bloomberg Businessweek to launch first iPhone app — Bloomberg is set to launch an iPhone app for Businessweek within the next few weeks as it looks to expand its global reach. new media age has seen a sneak preview of the new app, which mirrors the look and functionality …

Discussion: Poynter and Talking Biz News

Neal Ungerleider / Fast Company: Bloomberg Expanding Tech Coverage

Wall Street Journal:

Plans for ‘TV Everywhere’ Bog Down in Tangled Pacts — It was dubbed “TV Everywhere.” But for many TV viewers, it has had trouble going anywhere. — Nearly three years after Time Warner Inc. and Comcast Corp. kicked off a drive to make cable programming available online for cable subscribers …

Discussion: The Verge, Doc Searls Weblog and Gizmodo

Lucia Moses / Adweek:

Condé Nast Primes Ars Technica for Its Big Moment — Ars Technica has many things, from an audience of nearly 8 million monthly uniques to an affluent, educated readership of engaged hard-core techies. What it hasn't had—until now—is a dedicated advertising staff.

Discussion: Capital New York