FIRST CUTS: Family drama over phone-hacking; another CNN exit

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

• A "contentious family drama played out in recent days" over the News Corp. phone-hacking scandal. (New York Times)

• "Reputational damage" has cost Murdoch and co. $18 million. (CNBC via Mediaite)

• John Cook defends "sleazy journalism." (Gawker)

• Morning host Kiran Chetry is out at CNN. (Page Six)

• The latest iPad-only magazine. (PaidContent)