Mediagazer: Yahoo Tumblrs for Cool: Board Approves $1.1 Billion Deal as Expected (Kara Swisher/AllThingsD)

9:35 AM ET, May 20, 2013

Top News:

Ingrid Lunden / TechCrunch:

It's Official: Yahoo Is Buying Tumblr For $1.1B, Vows To Keep It Independent — Yahoo has now officially confirmed that it is buying blogging platform Tumblr for $1.1 billion mostly in cash, after reports on an impending deal first surfaced last week. It says it will keep it as an independent company …

Kara Swisher / AllThingsD:

Yahoo Tumblrs for Cool: Board Approves $1.1 Billion Deal as Expected — The Yahoo board has approved a massive $1.1 billion all-cash deal to buy Tumblr. — Sources close to the board said the deal was a foregone conclusion and was an unanimous vote by the Silicon Valley Internet giant.

Kara Swisher / AllThingsD:

Tumblr Brand Will Remain — With Mostly “Hands-Off” Product Approach by Yahoo's Mayer — According to numerous sources close to the situation, the Tumblr brand will continue on in the wake of its $1.1 billion acquisition by Yahoo. — That includes definitive promises by Yahoo CEO Marissa Mayer …

Discussion: TIME, Saroff's Place, Forbes, GigaOM and Mashable

Kara Swisher / AllThingsD:

WordPress' Mullenweg Claims 72,000 Blog Posts Imported From Tumblr in Just One Hour on Sunday — Despite largely anecdotal media speculation, it's not clear how the acquisition of Tumblr by Yahoo for $1.1 billion will be greeted by users of the New York blogging service.

Discussion: Fast Company, Betabeat, CNET, The Verge, BGR, Engadget, New York Times, VentureBeat, BuzzFeed and Softpedia News

Ann E. Marimow / Washington Post:

A rare peek into a Justice Department leak probe — When the Justice Department began investigating possible leaks of classified information about North Korea in 2009, investigators did more than obtain telephone records of a working journalist suspected of receiving the secret material.

Discussion: Associated Press, New York Times, Slate, Big News Network.com, @ryanlizza, @elilake, The Huffington Post, Guardian, @buzzfeedben, The Daily Caller, @ggreenwald, Reuters and Associated Press

Noah Rothman / Mediaite:

Justice Dept. Tracked Fox News Reporter James Rosen's Movements, Obtained His Personal Emails — A report in the Washington Post indicates that the Justice Department's admission that they seized two months of telephone records from the Associated Press was not the first time the DoJ invaded …

Elizabeth Jensen / New York Times:

Charlie Rose to Host a Show in Prime Time on PBS — Viewers can already wake up with Charlie Rose on “CBS This Morning,” and wind down their day with his late-night PBS newsmaker interview program. If that is not enough, Mr. Rose, who has been called “the hardest working man in television …

Discussion: The Huffington Post, Deadline.com and Digital Spy

Todd Spangler / Variety:

TV Upfronts Dive Deep into Digital … This week's upfront presentations in Manhattan weren't purely about TV; broadcast and cable made plenty of digital waves as well. — ABC Adapts to Apps — ABC became the first broadcaster to make itself available on smartphones and tablets via livestream.

Jeff John Roberts / paidContent:

New York Times CEO calls digital pay model “most successful” decision in years — In a speech to Columbia business school graduates, the CEO of the New York Times described the company's role in media disruption. — In a commencement address to business students at Columbia University …

Christine Haughney / New York Times:
Times Site Is Attacked by Hackers

Discussion: Deadline.com, Hackers News Bulletin and The Huffington Post

Jack Marshall / Digiday:

Pitchfork Opts Out of the Pageview Rat Race — Pitchfork was one of few media outlets granted access to dance music duo Daft Punk ahead of its highly anticipated new album Random Access Memories. Determined to make the most of the opportunity, the online music mag ditched …

Discussion: @zee

Leena Rao / TechCrunch:

The Evolution Of Hacker News — The idea of a VC having its own news aggregator was a bit outlandish in 2007. But Y Combinator was in an unusual position in those days anyway. Startup incubators had been a highly visible part of the dot-com crash, and Silicon Valley was still skeptical of the concept nearly a decade later.