FIRST CUTS: Checkbook journalism through the ages; mag editors’ summer spots

Our list of stories that should be on your morning media menu:

• The Guardian's Nick Davies shares his thoughts on how the News Corp. phone-hacking scandal he's been doggedly covering will shake out. (Deadline)

• A brief history of checkbook journalism. (New York Times)

• NYTimes.com has rolled out its research and development site to the public. (paidContent)

• Tavi Gevinson is forging ahead without Jane Pratt on her new web magazine. (WWD)

• New mom Megyn Kelly dishes on her post-maternity leave return to Fox News. (USA Today)

• Find out where all your favorite magazine editors are getting their summer on. (WWD)