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May 7, 2012, 1:15 PM
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Top News

Monica Chen / DigiTimes:
Apple reportedly to release US$799 MacBook Air in 3Q12  —  Apple is reportedly considering responding to the upcoming second-generation ultrabooks by launching a US$799 MacBook Air in the third quarter of 2012, according to sources from the upstream supply chain.
Erica Ogg / GigaOM:
Apple making a $799 Air in fear of ultrabooks?  Nope.  —  With the next iPad model at least a year away and the next iPhone a few months off, the Apple rumor mill is pondering a new Apple product line: the MacBook Air.  On Monday, Digitimes reports that Apple is considering selling a MacBook Air for $799 …
More: Engadget
Chee Chew / The Official Google Blog:
Google+ Hangouts On Air: broadcast your conversation to the world  —  Last year we introduced Hangouts On Air to a limited number of broadcasters, enabling them to go live with friends and fans, for all the world to see.  Since then, this small community has grown the feature in lots of creative ways.
Miyoung Kim / Reuters:
LG Electronics to launch Google TV in U.S. in late May: executive  —  (Reuters) - LG Electronics Inc, the world's No.2 TV maker, plans to launch Internet-enabled TV based on Google's platform in the United States in the week of May 21, as the South Korean firm seeks to gain a larger share …
Alexander Sliwinski / Joystiq:
Microsoft Stores offering $99 Xbox 360 with contract now  —  The rumored $99 Xbox 360 with two-year $15 a month contract is official.  It includes a Kinect, Xbox Live Gold service and a two-year warranty.  The offer is now available on the Microsoft Store site.
Nick Bilton / Bits:
Disruptions: Indiscreet Photos, Glimpsed Then Gone  —  People once took photographs so they could capture a moment for themselves and keep it forever.  Then digital cameras and cellphones turned photos into something more ephemeral and more easily shared.  But as the case of Anthony Weiner demonstrated …
Leander Kahney / Cult of Mac:
Our Source Has Seen The Apple HDTV, Here's What It Looks Like  —  We have a source who claims to have seen a prototype Apple high-definition television set in action, indicating that Apple is readying the long-awaited device for market.  —  According to our source, who has asked …
Peter Kafka / AllThingsD:
Google Gets Deeper Into the Content Business, by Putting Money Into Machinima  —  Google has been handing out money to video makers so they'll make more stuff for YouTube.  Now it's putting money into a video maker itself.  —  The search giant is set to invest in Machinima …
John Pletz / Chicago Business:
Google makes plans to move Motorola Mobility to Chicago  —  (Crain's) — Google Inc. is shopping for more than 500,000 square feet of office space downtown for Motorola Mobility Holdings Inc. once it completes its $12.5 billion takeover of the mobile phone maker.
Martin Bryant / The Next Web:
Evernote acquires iPad app Penultimate to boost its handwriting recognition capabilities  —  Fresh from its $70m funding round last week, note-taking service Evernote is looking to expand its handwriting recognition capabilities with the announcement today that it has acquired San Francisco …
John Cook / GeekWire:
The venture capital model is broken, and this damning report explains why  —  Industry watchers have been talking for a long while now about how the venture capital industry is broken, highlighted by poor returns that in many cases don't even exceed that of the major stock indices.
Liz Gannes / AllThingsD:
Color's Plan C (Or Is It B.5?):  Becoming Verizon's Live Mobile Video Partner  —  Color, the famously overfunded social app shop, is still looking for its first big hit.  But the company has found a way to get some help, with a deal with Verizon Wireless to pre-install Color on some of its Android smartphones.
Jordan Crook / TechCrunch:
AT&T Introduces Digital Life: IP-Based Home Automation And Security System With 24/7 Monitoring Centers  —  AT&T has just announced a new security and home-automation system called Digital Life, which will be an IP-based platform that allows users to monitor and detect activity throughout …
Emil Protalinski / ZDNet:
Paul Ceglia sanctioned in Facebook lawsuit, has two weeks to pay  —  Summary: Paul Ceglia has so far been fined $97,617.70: $5,000 to the court and $92,617.70 to Facebook's lawyers.  He now has two weeks to pay the amount, or show that he does not have the means.
Natalie Apostolou / The Register:
Pirate island attracts more than 100 startup tenants  —  Green-card-free startup ship off closer to international waters  —  Over 100 international tech companies have registered their interest in the floating geek city, Blueseed, which will be launched next year in international waters outside of Silicon Valley.
Jeff John Roberts / paidContent:
Exclusive: Publisher sues Tumblr over porn pics (Update)  —  It's finally happened.  In a case with big implications for the booming market in photo-sharing, a publisher is suing popular blogging site Tumblr for copyright infringement.  (Updates with quotes, details)

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From Mediagazer

Victoria Craw / Washington Post:
Some CNN, Politico, and MS NOW reporters were denied access to the White House early Thursday despite a judge's order

Todd Spangler / Variety:
Paramount says it is raising another $7.5B in debt to pay for its WBD acquisition and pay down other debt, bringing the total debt it intends to raise to $44.4B

ABC News:
An ad on Fox News and Newsmax, with clips of Trump and echoing Republican midterm election messaging, draws criticism for being “paid for by the US government”

More News

Ingrid Lunden / TechCrunch:
Rovio's Big Year: Angry Birds Helps Gaming Company Soar To $106M In Sales, 648M Downloads
Zach Epstein / BGR:
AT&T to launch $49.99 Focus 2 Windows Phone on May 20th

Earlier Picks

Eric Slivka / MacRumors:
Apple Seeks to Gain Control of iPhone5.com Domain
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