Mediagazer: Discovery Is Said to Pursue Revision3, a Web Video Company (Brian Stelter/Media Decoder)

10:50 AM ET, May 1, 2012

Top News:

Rupert Murdoch ‘not fit’ to lead major international company, MPs conclude — Select committee also says James Murdoch showed ‘wilful ignorance’ of extent of phone hacking at News of the World — Rupert Murdoch is “not a fit person” to exercise stewardship of a major international company …

Guardian:

Phone hacking: select committee report - live — MPs' verdict on News of the World phone hacking scandal expected to criticise James Murdoch, but fall short of accusing him of misleading parliament

Discussion: CNN and New York Times

Patrick Wintour / Guardian:

Phone-hacking report puts David Cameron in an uncomfortable position — The prime minister genuinely admires Murdoch, but he may feel uneasy at the sight of his MPs standing by the News Corp boss — David Cameron and his Conservative MPs now face the unappetising political prospect …

Discussion: paidContent

Ed Pilkington / Guardian:

NY Daily News editor Colin Myler misled MPs over hacking, report finds — Man hired by Mort Zuckerman in January to run New York Daily News accused by British MPs of ‘answering questions falsely’ — Shockwaves from the British newspaper hacking scandal have spread to the media business …

Katherine Rushton / Telegraph: MPs' phone hacking report puts pressure on James Murdoch to cut ties with News Corp and BSkyB

Tom Watson MP: News International and Phone Hacking

Lucy Manning / ITV News:
Exclusive: Three former News International executives misled Parliament

Discussion: Reuters, @tomjharper, Poynter, Press Gazette, The Huffington Post, Guardian and New York Magazine

Anthony Ha / TechCrunch:

The Digg Team Is Going To WaPo, But The Assets Aren't — Has The Washington Post acquired Digg, as reported in The Next Web? Sort of. — We're hearing that the Post has hired the Digg team, but is not acquiring the site or the technology. In other words, this is a talent acquisition …

Discussion: VentureBeat and The Next Web

Drew Olanoff / The Next Web:

Rumor: Digg to be acquired by The Washington Post (updated: site will remain, tech team transfers) — With a history only fitting an Internet business, Digg has seen the highest of the highs and the lowest of the lows, and everywhere in between. — We've received a tips from multiple sources …

Discussion: paidContent, AllThingsD, Fast Company, eMedia Vitals, @edbott, @mathewi, The Verge, CNET, @rafat, @ckrewson and Business Insider

Andrew Beaujon / Poynter:

ABC: Newspaper circulation rose in last six months, 5% on Sundays — Newspapers across the country gained readers in the last six months, compared to the same period a year ago. Nationally, daily circulation was up .68 percent for digital and print at the 618 papers reporting …

Discussion: paidContent

Alexis Madrigal / The Atlantic Online:

Where Do All Those BuzzFeed Cute Animal Pictures Come From? — BuzzFeed founder Jonah Peretti discusses the copyright implications of all the adorable cats, disappointed otters, and worried monkeys that grace the site. — It all started when I was looking at a photograph of an otter that was …

Discussion: Erik Wemple, Betabeat, eMedia Vitals and Business Insider

Claire Atkinson / New York Post:

Hulu, networks to change model of free streaming — Viewers who stream network TV shows may soon discover the free ride is not so free. Hulu, which attracted 31 million unique users in March under a free-for-all model, is taking its first steps to change to a model where viewers …

Sayantani Ghosh / Reuters:

Demand Media on M&A radar after failed buyout bid; shares soar — (Reuters) - Shares of Demand Media Inc (DMD.N) rose 31 percent on Monday, following reports that an offer to take the company private fell through over the weekend, fuelling hopes that the online content provider may be up for grabs.

Discussion: eMedia Vitals

Brian Stelter / Media Decoder:

Discovery Is Said to Pursue Revision3, a Web Video Company — Discovery Communications, the owner of Discovery and a dozen other cable channels, could soon scoop up Revision3, a maker and distributor of Web video shows. — The two companies are in talks that could result in a sale as early as this week …

Discussion: Beet.TV and TechCrunch

Kevin C. Tofel / GigaOM:

A brief history of Microsoft's e-reader efforts — Although Microsoft invested $300 million in a Barnes & Noble spin-off on Monday, this isn't the first time Microsoft played the e-book game. Typical for the company, it often has great ideas, but it errs on the timing.

Discussion: CNET, Digital Book World, Wired, paidContent and TechCrunch

Om Malik / GigaOM:
At $1.7 billion, Nook is worth more than Barnes & Noble itself

Discussion: DealBook and Barnes & Noble, Inc.

Mike Allen / Politico:

Ben Bradlee, Sally Quinn defend Bob Woodward — Ben Bradlee and Sally Quinn made strong statements of support for Bob Woodward and his Watergate reporting on Monday, moving to defuse damaging questions raised by a new article and biography that includes musing by Bradlee about whether some details had been embellished.

Discussion: Jack Shafer and Erik Wemple