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1:15 AM ET, May 15, 2012

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 Top News: 
Mathew Ingram / GigaOM:
Does Yahoo even know how to be a modern media company?  —  Now that Yahoo has managed to make its way through yet another CEO shuffle — its sixth in just five years — the former portal has to get back to the main task at hand: namely, figuring out what its future looks like.
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Amir Efrati / Wall Street Journal:
Yahoo Chairman Wants Interim CEO to Be Permanent CEO  —  Yahoo Inc.'s interim chief executive, Ross Levinsohn, addressed the company's employees Monday afternoon, a day after the company parted ways with Scott Thompson, who was CEO for less than five months before being hit by a scandal involving his academic credentials.
Discussion: CNET, Digits and AllThingsD
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.
Guardian:
Rebekah Brooks to learn if she will face charges over phone-hacking scandal  —  Rebekah Brooks, the former News International chief executive, will be told on Tuesday if she is to be among the first people to face criminal charges over the phone-hacking scandal.
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Lisa O'Carroll / Guardian:
O'Donnell: Hunt should have known of adviser's contact with News Corp
Discussion: @skynewsbreak
Telegraph:
Anonymous attacks Leveson and ICO websites
Discussion: @philhancnn and @ukanonymous2012
Lisa O'Carroll / Guardian:
Leveson inquiry: NI denies Murdoch had ‘selective amnesia’ about Thatcher meeting
Discussion: Telegraph and Huffington Post UK
Gordon Rayner / Telegraph:
Phone hacking: Ex-News International boss Les Hinton demands MPs withdraw accusation he lied to them
Discussion: Guardian
Amy Chozick / New York Times:
Steiger to Step Down as ProPublica's Editor  —  Paul E. Steiger, the former longtime managing editor of The Wall Street Journal, will step down at the end of the year as the editor in chief and chief executive of ProPublica, the nonprofit investigative news organization that he started nearly five years ago.
Nivedita Bhattacharjee / Reuters:
Amazon aims to launch front-lit Kindle in July: source  —  (Reuters) - Amazon.com Inc will launch new versions of its Kindle e-reader and tablet, including a monochrome e-reader with front lighting, a source who has seen the prototype told Reuters.  —  The world's largest Internet retailer …
Discussion: Forbes, CNET, The Verge and Engadget
Joe Pompeo / Capital New York:
At the ‘Times,’ a letter to Sulzberger asks him to ‘reconsider’ firing beloved media lawyer George Freeman  —  A week after the beloved New York Times assistant general counsel George Freeman lost his job in a round of layoffs, nearly 60 New York Times journalists put their names to a letter …
Discussion: The Newspaper Guild
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Alex Weprin / TVNewser:   Joe Scarborough Cites NBC Layoffs As Good Business
Dylan Byers / Politico:
USA Today names Larry Kramer publisher  —  Gannett announced today that it has appointed MarketWatch founder Larry Kramer president and publisher of USA Today, effective immediately.  —  Kramer will be responsible for developing and executing the long-term strategic vision for USA Today across …
Laura Hazard Owen / paidContent:
As 17 more states join class action against book publishers and Apple, new details revealed  —  New York, the District of Columbia and fifteen other states have joined the e-book pricing class action suit against Apple, Macmillan and Penguin, bringing the total number of states involved so far to 31 (if you include DC and Puerto Rico).
Paul Farhi / Washington Post:
As Sedaris walks line between real and ‘realish,’ NPR is left in the middle  —  Public radio has been good for David Sedaris, and vice versa.  In 1992, the then-unknown writer started to turn tales about his quirky upbringing and odd-job work history into the stuff of hilarious, and golden, memoir.
Eriq Gardner / Hollywood Reporter:
How the TV Industry Blew Its Best Chance to Kill Dish's Ad-Skipping Technology  —  Dish Network recently introduced a new DVR that will automatically delete commercials.  A potential lawsuit will be even more bloody than what happened years ago to ReplayTV.
Discussion: Media Decoder and Company Town
Joe Pompeo / Capital New York:
Jesse Angelo says things at his iPad news app, The Daily, are ‘going great’  —  About two weeks ago, The Daily embarked on a bid to expand its mobile readership by launching an iPhone edition.  How's that been going so far for the 15-month-old News Corp. tablet tabloid?
 
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 More News: 
NBC Connecticut:
Drywall Causes White Powder Scare at ESPN
Discussion: SB Nation and Deadspin
Jeff Himmelman / The Daily Beast:
Jeff Himmelman: The Storm Over My Ben Bradlee Book, ‘Yours in Truth’
Discussion: Poynter
Marilia Brocchetto / CNN:
Colombian rebels say they'll free French journalist
 Earlier Picks: 
Amy Chozick / New York Times:
At Upfronts, TV Networks Woo Advertisers With Spectacles
Marc Tracy / Tablet Magazine:
New Site Aims for Mideast View, in English
 

 
From Techmeme:

Nick Statt / CNET:
Exclusive: Nike fires majority of FuelBand team, will stop making wearable hardware

Ellis Hamburger / The Verge:
Facebook's dedicated unfollow button triples unfollows as users tire of original friend model

Kara Swisher / Re/code:
What Does the Recent Tech Stock Downturn Mean? The Truth Is Nobody Knows.

 
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