• Chris DeWolfe is out as the CEO of News Corp.-owned MySpace. [CNN]
• More on Peter Kaplan's split from Jared Kushner's Observer, and the rumor Kaplan is now heading to Condé Nast Traveler. [NYT, WWD, DHD]
• ABC has renewed 12 series, including Dancing with the Stars, The Bachelor, Grey's Anatomy, and Desperate Housewives. [THR]
• Viacom, the parent company BET, is planning to start up a new cable TV channel for middle-aged African-Americans. [NYT]
• Barry Diller is looking to shed his email newsletter Very Short List. Bob Pittman and Jared Kushner have taken a look; co-founders Kurt Andersen and Michael Jackson are considering a management buyout. [NYP]
• The New York Times Co. foundation is suspending its grants and no longer matching employees' charitable donations. [Gawker]

• Good news, Regis Philbin fans: ABC is bringing back Who Wants to Be a Millionaire? for a primetime special this summer. [USAT]
• Newspaper publisher The McClatchy Co. reported a larger-than-expected loss and a 25 percent decline in revenue for the first quarter. [AP]
• A new book takes aim at William Morris chief Jim Wyatt. Awkwardly, the book's repped by Endeavor, which is now merging with William Morris. [NYT]
• PBS is launching a video portal. [B&C]
• The Cannes Film Festival lineup has been released. [THR]
• Video of Len Berman's last broadcast on WNBC. [Gothamist]
• You may have never heard of Wildlife Conservation magazine, but that's okay since it's now officially extinct. [Crain's]