Mediagazer: American Prospect Raises $7,500 On Day 1, But ‘Long Way To Go’ To Avoid Closing (Michael Calderone/The Huffington Post)

2:20 PM 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 …

News Corp:

News Corporation Statement of UK's Parliamentary Select Committee of Culture, Media and Sport's News of the World Report — “Hard truths have emerged from the Select Committee Report: that there was serious wrongdoing at the News of the World; that our response to the wrongdoing was too slow …

Press Gazette:

Myler, Crone and Hinton could face public dressing down — Three former senior News International executives could be summoned to the Commons to face a public dressing down from MPs over allegations they misled Parliament. The House of Commons will be asked to agree with the Culture …

Discussion: @skynewsbreak and ITV News

Andrew Pugh / Press Gazette:

‘Les Hinton was complicit in cover-up at News Int’ — Ex-News International chief executive Les Hinton sanctioned a series of “extraordinary” payments to former News of the World royal editor Clive Goodman after his phone-hacking conviction in a bid to buy his silence …

Discussion: paidContent, Media Week and FishbowlNY

Matthew Keys / @producermatthew:

Police investigating possible white powder sent to News Corporation building. HAZMAT crews en route. - @911BUFF

Discussion: Associated Press and Reuters

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 …

Discussion: Capital New York, New York Times and Media Week

Tom Watson MP: News International and Phone Hacking

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: Forbes, Capital New York, NewsBulletin Connection, Media Decoder, paidContent, FishbowlNY, Gannett Blog, BtoB Magazine, DCist and The Newspaper Guild

Dylan Byers / Politico:
New York Times rising, WaPo struggling

Discussion: The Huffington Post and Adweek

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, Business Insider and eMedia Vitals

Peter Kafka / AllThingsD:

Digg's Tech Team Heads for the Washington Post, and Digg Looks for a Lifeline — Digg isn't done. Yet. — But it's looking pretty close. The Washington Post is in the process of buying/hiring the news aggregator's technology team, but isn't purchasing the business itself …

Discussion: mediabistro.com, VentureBeat, SocialTimes, paidContent, The Next Web, TechCrunch, @edbott, Betabeat, Fast Company, Washington Post, eMedia Vitals, The Verge, The Next Web, CNET and Business Insider

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: VentureBeat, Beet.TV and TechCrunch

Michael Calderone / The Huffington Post:

American Prospect Raises $7,500 On Day 1, But ‘Long Way To Go’ To Avoid Closing — NEW YORK — The American Prospect has raised $7,500 from 130 individual donors since The Huffington Post reported Monday that the cash-strapped liberal magazine may close this month.