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10:40 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.
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 …
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.
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 …
Discussion: @jayrosen_nyu and @jonathanwald
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Amy Chozick / New York Times:
At Upfronts, TV Networks Woo Advertisers With Spectacles  —  This week, the biggest television networks will battle it out for their share of the more than $60 billion in advertising dollars spent by the world's largest marketers on television commercials each year.  —  The networks' weapons?
Discussion: Media Decoder and New York Times
Gordon Rayner / Telegraph:
Phone hacking: Ex-News International boss Les Hinton demands MPs withdraw accusation he lied to them  —  Mr Hinton said the culture, media and sport select committee's latest report into hacking made “offensive” and “distorted” claims that he gave deliberately misleading answers and was at times guilty of “selective amnesia”.
Discussion: Guardian
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Dylan Byers / Politico:
Newsweek Cover: ‘The First Gay President’  —  “'Let the games begin,” Tina Brown said last week after Time Magazine released its controversial breastfeeding cover.  Brown, whose tenure as editor at Newsweek has seen an array of controversial covers, will respond with the above …
Marilia Brocchetto / CNN:
Colombian rebels say they'll free French journalist  —  (CNN) — Colombia's largest rebel group said it plans to release French journalist Romeo Langlois some two weeks after taking him “as a prisoner of war.”  —  Colombian rebels called for a committee composed of former Colombian Sen. Piedad Cordoba …
Jeff Himmelman / The Daily Beast:
Jeff Himmelman: The Storm Over My Ben Bradlee Book, ‘Yours in Truth’  —  Jeff Himmelman has been raked over the coals in the two weeks since his authorized biography of the Washington Post legend was published.  He asks critics to read the book before deciding whether it casts Bradlee in a “bad light.”
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.
Marc Tracy / Tablet Magazine:
New Site Aims for Mideast View, in English  —  After last month's talks between the P5+1 nations and Iran in Istanbul—the most substantial such negotiations in quite some time, whose limited success is widely credited with tamping down the war fever that was running high through much of the winter …
 
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David Taintor / TPM Idea Lab:
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Twitter Developing Original Sports Content
 

 
From Techmeme:

Serena Saitto / Bloomberg:
Uber Said Close to Raising Funding at Up to $40B Value

Peter Kafka / Re/code:
Netflix Sues a Former Exec — Now Yahoo's CIO — For Allegedly Collecting Kickbacks

Reiji Murai / Reuters:
Sony to cut TV, smartphone lineup; sees growth in PlayStation, image sensors

 
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