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12:45 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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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 …
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 …
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.
Mathew Ingram / GigaOM:
My personal take: 3 reasons I don't like newspaper paywalls  —  We've written a lot at GigaOM about the rise of newspaper paywalls, a trend that seems to be accelerating as the financial health of the industry continues to deteriorate, and in particular I've written a number of posts about what I see as the downsides of paywalls.
Global Newsroom:
Al Jazeera: One Name, Two Channels  —  Many loyal Al Jazeera English viewers worldwide are drawn to the television network because of its insightful coverage of last year's Arab Spring uprisings - and its in-depth reporting from the developing world.  Since its creation in 2006 …
Jim Louderback:
Defining “The Cow Path”  —  I often talk about “The Cow Path” when I talk about old media, new media, web video and traditional Television, but I haven't really ever explained it well.  Until now.  —  Did you ever see cows go to a feed trough?  They beat a path directly from the open gate into the field right to the feed.
Discussion: Om Malik
Estelle Shirbon / Reuters:
Britain's Cameron feels wrath of Murdoch press  —  (Reuters) - Embarrassed by revelations of how he cozied up to Rupert Murdoch's scandal-hit British newspaper group, Prime Minister David Cameron has now lost what the relationship was supposed to deliver: support from the Murdoch press.
RELATED:
Tommy Christopher / Mediaite:
Tamron Hall Reams Tim Carney, Cuts His Mic For Accusing Her Of ‘Media Trick’
 
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Cross-Channel Is High On Snuggle's Digital Laundry List  —  CPGs are starting to spend more on digital - and that makes Snuggle Bear very happy.  “It's no secret that we're all dealing with ongoing media fragmentation …
Say Media / Say Daily:
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David Taintor / TPM Idea Lab:
TPM Interview: The Atlantic's Alexis Madrigal
Mark Hannah / MediaShift:
Will Online Video Coverage of U.S. Election Eat into Text-Based Stories?
Neal Ungerleider / Fast Company:
Twitter Developing Original Sports Content
Julie Bosman / Media Decoder:
Houghton Mifflin Harcourt Enters Bankruptcy Process
Discussion: Melville House Books and GalleyCat
 Earlier Picks: 
Reuters:
U.S. Senate to hold hearing on Universal-EMI deal
 

 
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Steven Sinofsky / Re/code:
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