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1:25 PM ET, May 1, 2012


 Top News: 
Rupert Murdoch ‘not fit’ to lead major international company, MPs conclude  —  Select committee also says James Murdoch showed ‘wilful ignorance’ of extent of phone hacking at News of the World  —  Rupert Murdoch is “not a fit person” to exercise stewardship of a major international company …
News Corp:
News Corporation Statement of UK's Parliamentary Select Committee of Culture, Media and Sport's News of the World Report  —  “Hard truths have emerged from the Select Committee Report: that there was serious wrongdoing at the News of the World; that our response to the wrongdoing was too slow …
Phone hacking: select committee report - live  —  MPs' verdict on News of the World phone hacking scandal expected to criticise James Murdoch, but fall short of accusing him of misleading parliament
Press Gazette:
Myler, Crone and Hinton could face public dressing down  —  Three former senior News International executives could be summoned to the Commons to face a public dressing down from MPs over allegations they misled Parliament.  The House of Commons will be asked to agree with the Culture …
Discussion: @skynewsbreak and ITV News
Andrew Pugh / Press Gazette:
‘Les Hinton was complicit in cover-up at News Int’  —  Ex-News International chief executive Les Hinton sanctioned a series of “extraordinary” payments to former News of the World royal editor Clive Goodman after his phone-hacking conviction in a bid to buy his silence …
Discussion: paidContent, Media Week and FishbowlNY
Tom Watson MP:   News International and Phone Hacking
Ed Pilkington / Guardian:
NY Daily News editor Colin Myler ‘misled MPs’
Discussion: Mixed Media and Media Week
Andrew Beaujon / Poynter:
ABC: Newspaper circulation rose in last six months, 5% on Sundays  —  Newspapers across the country gained readers in the last six months, compared to the same period a year ago.  Nationally, daily circulation was up .68 percent for digital and print at the 618 papers reporting …
Dylan Byers / Politico:
New York Times rising, WaPo struggling
Discussion: Adweek and FishbowlNY
Alexis Madrigal / The Atlantic Online:
Where Do All Those BuzzFeed Cute Animal Pictures Come From?  —  BuzzFeed founder Jonah Peretti discusses the copyright implications of all the adorable cats, disappointed otters, and worried monkeys that grace the site.  —  It all started when I was looking at a photograph of an otter that was …
Peter Kafka / AllThingsD:
Digg's Tech Team Heads for the Washington Post, and Digg Looks for a Lifeline  —  Digg isn't done.  Yet.  —  But it's looking pretty close.  The Washington Post is in the process of buying/hiring the news aggregator's technology team, but isn't purchasing the business itself …
Brian Stelter / Media Decoder:
Discovery Is Said to Pursue Revision3, a Web Video Company  —  Discovery Communications, the owner of Discovery and a dozen other cable channels, could soon scoop up Revision3, a maker and distributor of Web video shows.  —  The two companies are in talks that could result in a sale as early as this week …
Discussion: TechCrunch and Beet.TV
Sayantani Ghosh / Reuters:
Demand Media on M&A radar after failed buyout bid; shares soar  —  (Reuters) - Shares of Demand Media Inc (DMD.N) rose 31 percent on Monday, following reports that an offer to take the company private fell through over the weekend, fuelling hopes that the online content provider may be up for grabs.
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 More News: 
New York Times:
Developers Are Working on Television Apps, but TV Industry Is Wary
Discussion: Company Town, Noted and The Verge, Thanks:@bgoodcam
Ben Sisario / Media Decoder:
Cumulus, a Growing Radio Power, Sells 55 Scattered Stations
Jeff Bercovici / Mixed Media:
Dan Rather: Mark Cuban Has The Guts My CBS Bosses Lacked
Discussion: The Atlantic Wire
Keith Matheny / USA Today:
College newspapers feel financial pinch
 Earlier Picks: 
Claire Atkinson / New York Post:
Hulu, networks to change model of free streaming
Erik Wemple:
New York news site hires new people!
Andrew Beaujon / Poynter:
Lawyer: Student likely owns falling bear photo, not newspaper
Mike Allen / Politico:
Ben Bradlee, Sally Quinn defend Bob Woodward
Discussion: Jack Shafer and Erik Wemple