Embattled Yahoo chief Scott Thompson steps down

Scott Thompson. ()
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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. 

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"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.]