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5:45 PM ET, May 1, 2012

Mediagazer

 Top News: 
Guardian:
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 …
RELATED:
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 …
Jim Romenesko:
Murdoch's letter to Dow Jones employees  —  In a memo to employees, Rupert Murdoch says of the UK Parliament panel's phone hacking report: “I recognize that for all of us - myself in particular - it is difficult to read many of the report's findings.  But we have done the most difficult part …
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
Jeff Bercovici / Forbes:
Barry Diller Backs Rupert Murdoch as ‘Honorable,’ ‘Morally Fit’
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 …
RELATED:
Dylan Byers / Politico:
New York Times rising, WaPo struggling
Zeke Miller / Buzzfeed:
How The White House Smothered The News Of Obama's Trip To Afghanistan  —  Shortly before 9:19 a.m. this morning the Afghanistan-based 24-hour broadcast news station TOLONews tweeted that President Barack Obama had landed in Afghanistan.  The surprise trip was a closely guarded secret …
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 …
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 …
Associated Press:
CBS 1st-quarter profit beats Street estimates on digital licensing, overseas sales of TV shows  —  LOS ANGELES — CBS Corp. on Tuesday said its net income grew 80 percent in the first quarter, as revenue surged on digital licensing deals for its TV shows and overseas sales of reruns.
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 …
 
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 More News: 
Robert Andrews / paidContent:
Web journey complete, FT switching off iOS app
Discussion: MacRumors
Katherine Fung / The Huffington Post:
Wall Street Journal, News Corp. Receive Suspicious White Powder Letters
Discussion: Associated Press
Michael Calderone / The Huffington Post:
American Prospect Raises $7,500 On Day 1, But ‘Long Way To Go’ To Avoid Closing
New York Times:
Developers Are Working on Television Apps, but TV Industry Is Wary
Discussion: Company Town, Noted and The Verge, Thanks:@bgoodcam
 Earlier Picks: 
Ben Sisario / Media Decoder:
Cumulus, a Growing Radio Power, Sells 55 Scattered Stations
Discussion: mediabistro.com
Sayantani Ghosh / Reuters:
Demand Media on M&A radar after failed buyout bid; shares soar
Jeff Bercovici / Mixed Media:
Dan Rather: Mark Cuban Has The Guts My CBS Bosses Lacked
Discussion: The Atlantic Wire