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Semel on the Way Out at Yahoo? (BusinessWeek)
Panama's patina has officially worn off. A disappointing first-quarter earnings report on Apr. 17 largely erased investor enthusiasm about Yahoo!'s new search advertising software and had some analysts openly speculating whether CEO Terry Semel will soon be out the door.

Karmazin Striking Out With Merger Plans (Hollywood Reporter)
Sirius CEO Mel Karmazin's attempt to sell policymakers on the merits of a merger between his company and its rival XM was greeted with skepticism and outright contempt Tuesday as at least one lawmaker wondered if such high-priced talent as Howard Stern and Oprah Winfrey cost the companies too much.

Tube Tied (Philadelphia Weekly)
[Gail] Shister lives to be first with the news, having tried to do just that with TV Talk, the Inquirer column that made its last appearance earlier this month. For a quarter-century she covered mostly network news divisions, a highly specialized niche, which she occupied so thoroughly that Washington Post media critic Howard Kurtz referred to her as the Inquirer's "most famous columnist" in a recent article. Today Shister is dealing with the aftershock of losing her column. She's been reassigned as a features reporter.

FCC Can't Fine CBS Radio Stations for Imus's Comments (Bloomberg)
CBS Radio can't be fined for carrying Don Imus's racially charged comments because they don't qualify as "indecent," U.S. Federal Communications Commission Chairman Kevin Martin said. The FCC can only regulate content based on indecency rules and children's programming requirements.

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