Mediagazer: CNN Peeks at Google Glass with News Alerts App (Todd Spangler/Variety)

12:40 AM 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.

Discussion: TechCrunch, Bloomberg, CNET, The Wrap, GigaOM, @harrisj, @petersontee, @jeffsonderman, The Verge, Mashable, @megan, @bw, The Next Web and Engadget

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: CNET, The Next Web, @jasonhirschhorn, Engadget, @peterrojas, Business Insider, Mashable, Electronista and @alexgriendling

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

AllThingsD:

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.

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

Discussion: AllThingsD, Marketing Land, The Verge, Business Insider, TechCrunch, ValueWalk, Betabeat, UPROXX, WebProNews, Valleywag, Pocket-lint, eMedia Vitals, VentureBeat, Mashable, Adweek and Media News

Jeff Bercovici / Forbes:
Tumblr In Talks With Yahoo; Facebook And Microsoft Also Said To Be Circling

Discussion: GeekWire, AllThingsD and Business Insider

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.

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, ZDNet and Globe and Mail

Bloomberg LP:
Bloomberg Appoints Samuel Palmisano as Independent Adviser

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

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, Marketing Land and CNET

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

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 …

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

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

Kara Swisher / AllThingsD:

AOL's Patch Gets New CEO, as Just Under Three Percent of Staff Is Laid Off in Consolidation (Memo) — Changes at AOL's local content site, Patch: CEO Jon Brod will step down and is being replaced by COO and President Steve Kalin, according to an internal memo the New York Internet company sent to the division's employees today.

Discussion: JIMROMENESKO.COM, New York Times and Poynter

Shalini Ramachandran / Wall Street Journal:

DirecTV Consider Bid for Hulu — DirecTV, the second largest U.S. pay-TV provider, is weighing a potential bid for Hulu, the latest company to show interest in the six-year-old video site, according to a person familiar with the matter. — Hulu's owners, including Walt Disney Co. …

Discussion: Bloomberg, CNET, Variety, Fast Company and MoneyBeat

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

Kara Bloomgarden-Smoke / The New York Observer:

Gizmodo Pivots From Gadgets to Design — Because Kinja. — Gizmodo, Gawker media's tech blog, is getting a new editor and a new focus. Geoff Manaugh, a former senior editor at Dwell Magazine and contributing editor at Wired UK, will take over at Gizmodo.