Mediagazer: IT'S OFFICIAL: YAHOO ANNOUNCES $1.1 BILLION TUMBLR BUY (Nicholas Carlson/Business Insider)

8:25 AM ET, May 20, 2013

Top News:

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.

Nicholas Carlson / Business Insider:

IT'S OFFICIAL: YAHOO ANNOUNCES $1.1 BILLION TUMBLR BUY — Yahoo just announced that it has acquired New York startup Tumblr for $1.1 billion. Addressing concerns from Tumblr users that Yahoo will ruin the blog network, the press release says the companies promise “not to screw it up.”

Discussion: AllThingsD, Exclamation, Tumblr Staff and @marissamayer

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: Saroff's Place, Forbes, AdExchanger and GigaOM

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: Engadget, New York Times and Softpedia News

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: 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.

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

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, Big News Network.com, New York Times, Slate, Guardian, Reuters and Associated Press

Andrew Beaujon / Poynter:

CIR rebrands California Watch, Bay Citizen — The Center for Investigative Reporting — Content from California Watch and The Bay Citizen will be published under the Center for Investigative Reporting brand beginning May 29, CIR's executive director Robert J. Rosenthal announced Monday.

Discussion: LA Observed and Center for Investigative …

Tom Harper / London Evening Standard:

The Met gagged Leveson Inquiry over claims that senior police officer sold secrets to the News of the World — The Met “gagged” the Leveson Inquiry from revealing intelligence that a very senior former police officer passed on sensitive information to the News of the World, the Standard reveals today.

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.