Mediagazer: Newsweek Cover: ‘The First Gay President’ (Dylan Byers/Politico)

9:40 AM ET, May 14, 2012

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 …

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.

Discussion: New York Magazine, AllThingsD, Media Week, msnbc.com, The Week, Marketing Pilgrim, Business Insider, ZDNet, MarketBeat, paidContent and CNET

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 …

Discussion: USA Today, The Next Web, AllThingsD, BetaNews, VentureBeat, Business Insider, ClickZ and TechCrunch

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.

Discussion: The New York Observer, eMedia Vitals, Forbes, PC Magazine, @beet_tv, @jasonhirschhorn, AllThingsD, The Next Web, Business Insider and New York Times

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 …

Discussion: eMedia Vitals, CNBC, VentureBeat, CNET and Business Insider

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

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

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.

Discussion: Telegraph

Andrew Pugh / Press Gazette:
Bryant: Govt ‘could have broken law’ over BSkyB bid

Discussion: Journalism.co.uk, Big News Network.com and The Independent

Gordon Rayner / Telegraph:
Phone hacking: Ex-News International boss Les Hinton demands MPs withdraw accusation he lied to them

Discussion: Guardian

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 …

Discussion: Poynter, The New York Observer, @newsweek, The Week, ABCNEWS, The Huffington Post, The Hill, Gawker, Mediaite and BuzzFeed

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 …

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.

Discussion: Deadline.com, Adweek, AdAge, Bloomberg, Forbes, Media Decoder and Deadline.com

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.

Discussion: MIT Center for Civic Media