Mediagazer: Yahoo wants to buy Tumblr. Will Facebook swoop in at the last minute? (Om Malik/GigaOM)

12:30 PM ET, May 17, 2013

Top News:

Will Yahoo Try to Get Its “Cool Again” by Doing a Deal for Tumblr? — Earlier this week, Yahoo CFO Ken Goldman spoke at JP Morgan's Global Technology conference and underscored the need for the aging Silicon Valley Internet giant to attract more users from the coveted 18-to-24-years-old age bracket.

Discussion: Forbes, The Awl, The Week, Valleywag, TechCrunch, Softpedia News, Business Insider, WebProNews, The FJP, The Wall Blog, SocialTimes, The Next Web, The Atlantic Wire, Mashable and The Verge

Mike Shields / Adweek:

Yahoo in Talks to Acquire Tumblr: Deal could reach as high as $1 billion — Is Marissa Mayer about to make a game-changing acquisition? It appears so. — Yahoo is in serious talks with Tumblr to acquire the social blogging site, according to multiple sources familiar with the talks.

Discussion: The Verge, AllThingsD, Forbes, Business Insider, Valleywag, eMedia Vitals, ValueWalk, Search Engine Land, Pocket-lint, @strobist, @bluechoochoo, @alexgriendling, VentureBeat, @bluechoochoo, @dannysullivan, CNET and Electronista

Om Malik / GigaOM:

Yahoo wants to buy Tumblr. Will Facebook swoop in at the last minute? — Yahoo chief executive Marissa Mayer thinks that what Blogger did for Google, Tumblr could do for her aging Internet company — make it relevant and a major player on the modern web. And for that she is apparently willing …

Discussion: Betabeat, Poynter, Business Insider, UPROXX, Softpedia News, Media News and WebProNews

Hamilton Nolan / Gawker:

‘Bloodbath’ Day at Village Voice: Musto, Sietsema, Feingold Out — Last week, top editors at the Village Voice resigned in protest when they learned that management wanted them to lay off several members of their already-decimated staff. This morning, those layoffs came down. They're not pretty.

Discussion: Capital New York, FishbowlNY, @camilledodero, @xzachbaronx, @erik_maza, @weareyourfek, @alexkoppelman, @andygreenwald, @nealunger, @thestalwart, @wharkavy, @imjasondiamond, @ericboehlert, @michaelroston and @joepompeo

Arik Hesseldahl / AllThingsD:

Bloomberg Names Former IBM CEO Palmisano to Advise on Data Privacy — Here's an interesting development in the ongoing data privacy imbroglio over at Bloomberg LP. The company just named former IBM CEO Sam Palmisano as an independent adviser with the task of reviewing and recommending changes on privacy and data policies.

Bloomberg LP:

Bloomberg Appoints Samuel Palmisano as Independent Adviser — Palmisano will review privacy and data protocols and policies and make recommendations on possible enhancements — Bloomberg also appoints Clark Hoyt to review Bloomberg News' relationship with the Company's commercial operations

Discussion: Politico, @dicktofel, Talking Biz News, @joecoscarelli, @edgecliffe and @talkingbiznews

Adam Geller / The Huffington Post: Bloomberg Scandal Raises Ethics Questions For New Media

Nitasha Tiku / Gawker:
The Hidden Dossiers Bloomberg Reporters Keep on Powerful Clients

Discussion: The Week, Forbes, Globe and Mail and @nealunger

Max Fisher / WorldViews:

North Korea condemns media freedom but praises two U.S. reporters — How does North Korea celebrate World Press Freedom Day? First of all, two weeks late, on May 15 rather than May 3, presumably (and tellingly) because that's how long it took to get around to it.

Discussion: Politico, The Daily Caller and TheBlaze.com

Jack Shafer:

Why the underwear-bomber leak infuriated the Obama administration — Journalists gasp and growl whenever prosecutors issue lawful subpoenas ordering them to divulge their confidential sources or to turn over potential evidence, such as notes, video outtakes or other records.

Discussion: The Huffington Post and Washington Post

Reuters:

Pro-Assad hackers attack UK newspaper FT's website, Twitter feed — (Reuters) - The website of British newspaper the Financial Times was hacked on Friday, apparently by the “Syrian Electronic Army”, a group of hackers and on-line activists who say they support Syrian President Bashar al-Assad.

Discussion: Telegraph, AllThingsD, Wall Street Journal, @michaelroston, The Verge, The Next Web, Hackers News Bulletin and @jackshafer

Suzanne Vranica / Wall Street Journal:

ComScore Wins Clients for Online-Ad Rating System — The battle between companies measuring the reach of online ads is heating up. — Ad-buying giants Starcom MediaVest Group and ZenithOptimedia said they have signed on to use comScore Inc.'s online advertising ratings system …

Nieman Foundation News:

Nieman Fellows selected for class of 2014 — CAMBRIDGE, Mass. - The Nieman Foundation for Journalism has selected 24 journalists as members of the 76th class of Nieman Fellows at Harvard University. The group includes reporters, editors, columnists, digital media leaders and producers in print …

Discussion: Nieman Journalism Lab and Associated Press

Gavriel Hollander / Press Gazette:

Amid women's mag closures, journalist launches new title with ‘depth and intelligence’ — The proposed closure of More and last week's announcement that Easy Living is going digital-only could lead some to believe that the specialist women's magazine market was already beyond saturation point.