Mediagazer: Yahoo Board to Meet Sunday to Consider $1.1 Billion, All-Cash Deal to Acquire Tumblr (AllThingsD)

2:05 PM ET, May 18, 2013

Top News:

Yahoo Board to Meet Sunday to Consider $1.1 Billion, All-Cash Deal to Acquire Tumblr — According to sources close to the situation, the Yahoo board plans to meet Sunday night to decide whether to approve a $1.1 billion all-cash offer for New York-based blogging site Tumblr.

Chris Welch / The Verge:

Yahoo to hold press event Monday as Tumblr buyout rumors swirl (update) — CNBC is reporting that Yahoo will hold a “product-related” news event this Monday in New York City. None other than CEO Marissa Mayer will be speaking at the event. Exactly what Yahoo plans to announce hasn't yet been disclosed …

Discussion: Business Insider, The Next Web, CNET, @peterrojas, TechCrunch, Engadget, @jasonhirschhorn, WebProNews, Electronista, Mashable, Business Insider and GeekWire

Jennifer Van Grove / CNET:

Report: Facebook and Microsoft flirting with Tumblr too — It's a love square with three of the industry's biggest players competing for the popular blogging platform. — Yahoo isn't the only tech titan with eyes for blogging sensation Tumblr. The 6-year-old startup that powers nearly 108 million blogs …

Discussion: Adweek, Softpedia News, Globe and Mail, Businessweek, Forbes, Marketing Land and TIME

Josh Sternberg / Digiday:

Why Hearst Wants in on Google Glass — Google Glass has already gotten a reputation as a geek-guy thing, but Hearst doesn't think that's going to be the case in the long run. — The publisher is the first magazine to have a Google Glass app. Elle will join The New York Times …

Todd Spangler / Variety:

CNN Peeks at Google Glass with News Alerts App … CNN is the first TV network to tinker with Google Glass, the Internet giant's wireless wearable apparatus — which, depending on your perspective, is a stupid-looking gimmick rife with potential to violate people's privacy or the next huge thing in personal tech.

Discussion: AdAge and ZDNet

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.

Christine Haughney / New York Times:

Times Site Is Attacked by Hackers — The New York Times Company was a victim of online attacks earlier this week that slowed down The New York Times Web site and limited access to articles and other types of content. — According to Danielle Rhoades Ha, a company spokeswoman …

Discussion: Hackers News Bulletin

Reuters:
Pro-Assad hackers attack UK newspaper FT's website, Twitter feed

Discussion: New York Times, Wall Street Journal, Telegraph, The Huffington Post, The Verge, The Next Web, Hackers News Bulletin, Reuters, AllThingsD, Reuters, @michaelroston, @jackshafer and Reuters

John Cook / Gawker:

(Update) We Are Raising $200,000 to Buy and Publish the Rob Ford Crack Tape — As you may have heard, Rob Ford, the mayor of Toronto, smokes crack cocaine. We've seen a video of him smoking crack cocaine, and the people who have the video would like to sell it. Through the miracle of crowdfunding, you can help.

Discussion: New York Times, Forbes, New Republic, Toronto Star, Softpedia News, Gizmodo, VICE, Newser, paidContent, The Huffington Post, Mashable, Popehat, Business Insider and The Wrap

Greg Sandoval / The Verge:

How Google beat Apple to a streaming music service — Sources say iRadio is still mired in licensing talks and may not be ready for WWDC — Google's long-rumored Play Music All Access service is already out the door, while Apple's iRadio is still bogged down in licensing talks.

Discussion: App Advice, AppleInsider, MacRumors, Electronista, GigaOM, BGR and iLounge

Journalism.co.uk:

Tech City News announces ‘transatlantic tech news alliance’ — The new site, which went live in January, is planning to launch a print edition in October — Read more — Other top stories — Also on Journalism.co.uk...

Douglas MacMillan / Bloomberg:

Twitter Teams With NBA to Stream Basketball Replay Videos — Twitter Inc. has teamed with the National Basketball Association to stream video clips of game highlights as the blogging service expands beyond 140-character status updates ahead of a possible initial public offering.

Discussion: Engadget, CNET and Marketing Land

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.

Discussion: Guardian, Forbes, Talking Biz News, @edgecliffe, @mariaaspan, StreetInsider.com, ZDNet and Globe and Mail

Bloomberg LP:
Bloomberg Appoints Samuel Palmisano as Independent Adviser

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

John Eggerton / Broadcasting & Cable:

MetroPCS Drops Net Neutrality Challenge — Verizon remains to push case against FCC rules — MetroPCS has dropped its challenge to the FCC's network neutrality rules. — New MetroPCS owner T-Mobile — T-Mobile completed the purchase earlier this month — inherited the suit and signaled Friday …

Discussion: Hillicon Valley, The Next Web and Mashable