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8:40 AM ET, May 14, 2012

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 Top News: 
Kara Swisher / AllThingsD:
Exclusive: Yahoo's Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion  —  Yahoo's embattled CEO Scott Thompson (pictured here) is set to step down from his job at the Silicon Valley Internet giant, in what will be a dramatic end to a controversy over a fake computer science degree …
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Amir Efrati / Wall Street Journal:
Ex-Yahoo Chief Told Board He Has Cancer  —  Before resigning as chief executive of Yahoo Inc. over the weekend, Scott Thompson disclosed to the company's board of directors and several colleagues that he has been diagnosed with thyroid cancer, according to people familiar with the matter.
Yahoo! Pressroom Home:
Yahoo! Names Fred Amoroso Chairman and Appoints Ross Levinsohn Interim CEO  —  Board Announces Settlement with Third Point LLC  —  SUNNYVALE, Calif. — Yahoo! Inc. (NASDAQ: YHOO) today announced that the Board of Directors has named Fred Amoroso as Chairman of the Board of Directors …
Evelyn M. Rusli / DealBook:
Meet Yahoo's New Interim Chief, Ross Levinsohn  —  Yahoo's revolving door of chief executives has turned again.  —  Scott Thompson, Yahoo's chief executive of just four months, will leave following a growing controversy over his embellished academic record, according to people briefed on the matter.
Peter Kafka / AllThingsD:
Ross Levinsohn's Yahoo Plan: Back to the Future  —  Ross Levinsohn wants to be known as more than a deal guy.  Now he gets his chance.  —  Assuming Yahoo gives its interim CEO real power — either by making him its actual CEO, or at least letting him behave as if he has the job …
Lisa O'Carroll / Guardian:
Leveson inquiry: NI denies Murdoch had ‘selective amnesia’ about Thatcher meeting  —  News International has hit back at suggestions that Rupert Murdoch suffered “selective amnesia” regarding a lunch at Chequers with Margaret Thatcher to discuss his proposed purchase of the Times and Sunday Times in 1981.
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Andrew Pugh / Press Gazette:
Bryant: Govt ‘could have broken law’ over BSkyB bid  —  Labour MP Chris Bryant has suggested that members of the Government could have committed a “criminal offence” if Jeremy Hunt's office handed confidential information to News Corp over its BSkyB bid.  —  Last month, Hunt's special adviser …
Gordon Rayner / Telegraph:
Phone hacking: Ex-News International boss Les Hinton demands MPs withdraw accusation he lied to them
Discussion: Guardian
David Carr / New York Times:
A TV Schedule in the Hands of Whoever Holds the Remote  —  This week, when they ring the bell on the television upfronts, the annual orgy of advertising buying, I hope the industry isn't counting on my house to lift ratings.  —  So far in the month of May, our household has watched exactly …
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Amy Chozick / New York Times:
At Upfronts, TV Networks Woo Advertisers With Spectacles
Discussion: Media Decoder
Dylan Byers / Politico:
Newsweek Cover: ‘The First Gay President’  —  The May 21, 2012, issue of Newsweek (used with permission of the publisher).  —  “'Let the games begin,” Tina Brown said last week after Time Magazine released its controversial breastfeeding cover.  —  Brown, whose tenure as editor at Newsweek …
Mathew Ingram / GigaOM:
Google's head of news: Newspapers are the new Yahoo  —  Google has a somewhat tense relationship with the traditional newspaper industry, since publishers like News Corp.'s Rupert Murdoch still believe it is depriving them of revenue by “stealing” their content and aggregating it at Google News.
Alex Weprin / TVNewser:
‘Rock Center’ IS On NBC's Fall Schedule  —  Great news for fans of NBC's primetime newsmagazine “Rock Center with Brian Williams,” the program is on the network's Fall schedule which was just announced this afternoon, and will be formally unveiled at tomorrow's upfront.
 
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Say Media / Say Daily:
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 More News: 
Marc Tracy / Tablet Magazine:
New Site Aims for Mideast View, in English
David Taintor / TPM Idea Lab:
TPM Interview: The Atlantic's Alexis Madrigal
Jim Louderback:
Defining “The Cow Path”
Mark Hannah / MediaShift:
Will Online Video Coverage of U.S. Election Eat into Text-Based Stories?
 Earlier Picks: 
Neal Ungerleider / Fast Company:
Twitter Developing Original Sports Content
Julie Bosman / Media Decoder:
Houghton Mifflin Harcourt Enters Bankruptcy Process
Discussion: Melville House Books
 

 
From Techmeme:

Kevin Fitchard / Gigaom:
Verizon will start restricting LTE speeds for its heaviest unlimited-plan customers

Julian Hattem / The Hill:
House votes to allow cellphone ‘unlocking’

Lyft Blog:
Lyft launches in NYC, drivers need taxi commission licenses; company “will pause operations” in Buffalo and Rochester by August 1

 
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