Embattled Yahoo chief Scott Thompson steps down
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Yesterday, Yahoo announced the exit of its embattled C.E.O. Scott Thompson after just four months on the job, bringing to a close an embarassing controversy in which he came under fire for padding his resume with a fake computer-science degree.
He's been replaced on an interim basis by Yahoo global media boss Ross Levinsohn, a former News Corp. lieutenant who went on to become a rising star at the Sunnyvale, Calif.-based Internet titan.
The news (as is the case with most news that leaks out of Yahoo), was first reported by Kara Swisher of AllThingsD yesterday afternoon.
"Thompson was pushing forward a vision of adding a much more significant data and commerce element to Yahoo’s largely ad-based business," Swisher wrote. "That is likely to be less stressed under media-focused Levinsohn, who will be essentially trying out to be the permanent CEO."
Yahoo followed up with an official announcement, which you can read here.
In a twist, Thompson reportedly told Yahoo's board last week that he has been diagnosed with Thyroid cancer, according to The Wall Street Journal.
As for Levinsohn, Staci D. Kramer has a nice primer on his background; Peter Kafka has some ideas about where he'll take the company.
In other news...
Did Newsweek just one-up Time with its provacative cover this week? [Politico/Dylan Byers]
The latest from the Leveson Inquiry: News International denies Rupert Murdoch's "selective amnesia." [The Guardian]
Former News Corp. executive and phone-hacking casualty Les Hinton is demanding a retraction from a British parliamentary committee. [The Telegraph]
A 1966 New York Times Magazine piece by Victor Navasky was featured on "Mad Men" last night. [@mlcalderone]
Uber-hip downtown boutique Opening Ceremony is launching a fashion magazine that will feature contributions from Sally Singer, Terry Richardson, Chloë Sevigny, Ryan McGinley and M.I.A. [W.W.D.]