According to several sources, News Corp. will officially announce its shaken-but-not-stirred digital lineup this morning, as former AOL head Jon Miller takes over as the media giant’s new chief digital officer.

And Peter Levinsohn–his predecessor at Fox Interactive Media, which Miller will inherit in a new form, along with a larger portfolio, all based in New York–will also officially take up his new post as the key digital exec at News Corp.’s film and television studios in California.

BoomTown and others had reported on the changes last week.

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BoomTown has confirmed a report that former AOL head Jon Miller is set to take over as digital head at News Corp., replacing Peter Levinsohn.

But Miller has not actually signed up for the job officially, since he is still under a noncompete agreement with Time Warner from his AOL stint. It runs out in three days, in fact.

But sources said News Corp. is likely to announce Miller as its “chief digital officer” by Monday or Tuesday at the latest.

Once he does sign, which seems likely, Miller will be reporting directly to the media giant’s head, Rupert Murdoch. Based in New York, he will also be chairman and CEO of the newly created News Digital Media group.

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The stock seesaw for Yahoo–fueled this time by a story in The Wall Street Journal that claimed that former AOL CEO Jon Miller was buttonholing private equity firms for money to buy the Internet giant–continues.

Yahoo shares rose seven percent due to the report, to $11.50, up 76 cents.

Unfortunately for everyone but stock manipulators, the Journal story had a lot of problems, including the highly pertinent fact that Miller has not been actively working on such a deal with any more effort that he had been over the last six months.

“Nothing is different now than it was last week, or even months ago,” said one person close to the situation.

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Let me be crystal clear: Yahoo and Microsoft are not currently secretly at work on a pricey new search partnership and a piece this weekend in the Times of London that said they were is inaccurate.

It’s natural for the idea to be brought up, since they have talked about such a deal many months ago and have indicated publicly and recently that they should again in the future, so smart betting is correct in guessing that they probably will do some sort of search deal in the months ahead.

Still, various rumors pop up weekly about deals between the pair, which are about as convoluted as a mash-up of “Richard III” and “Macbeth,” with some “Three’s Company” thrown in for comic relief.

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A report in the Times of London in which Microsoft would buy Yahoo’s search business in a convoluted $20 billion deal that would include well-known Internet execs Jon Miller and Ross Levinsohn, is–in the words of one key player–”total fiction.”

Actually, that’s Levinsohn speaking, on the record. But that’s also the essential word from all key players regarding the Times’s report.

While Microsoft has long been interested in doing a search deal with Yahoo, BoomTown has spoken to top sources at Yahoo and Microsoft too and all scoff at such a deal taking place right now or that either side has been in any such discussions of late.

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Obviously, the dream CEO for Yahoo is News Corp. President and COO Peter Chernin.

And, no surprise, he is the No. 1 choice of most inside and outside Yahoo in the wake of the news late yesterday that its current CEO and Co-Founder Jerry Yang is stepping down.

Well, Yahoo would certainly be a challenge for Chernin, in terms of a corporate cleanup challenge, especially compared to figuring out how to make bank on plush toys from “The Simpsons.”

But there are many other contenders for the job, despite the slog it could be. Here’s BoomTown’s list…

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Yahoo CEO Jerry Yang will step down from his job as CEO, said sources close to the company, as soon as the board finds a replacement for him, in what sources close to the situation call a joint decision by him and the directors.

Yahoo will announce the move later today. [UPDATED: Yahoo has since confirmed the move.]

Yahoo has hired Heidrick & Struggles, the well-known executive search firm, to vet candidates, both internally and externally, to take over the top spot at the troubled Internet giant.

Sources said it is unlikely current Yahoo President Sue Decker will get the job, which is more likely to go to an outsider.

Some BoomTown choices: News Corp. COO Peter Chernin, former eBay CEO Meg Whitman or former Yahoo COO Dan Rosensweig.

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BoomTown was all busy trying to think of execs to replace Yahoo CEO Jerry Yang, as pressure mounts on him to right the troubled Internet company.

But now, Yang’s position feels safer than ever and it’s his nemesis–Microsoft–that needs a new leader for its long-stumbling online services business.

Microsoft is already been cracking, according to sources, with a wish list of internal and external candidates that CEO Steve Ballmer is now considering.

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Here’s a way Yahoo CEO Jerry Yang can needle activist investor Carl Icahn, using an famous old ad tag line:

Where’s the beef?

Specifically, who’s going to mind the store if Icahn actually manages to win his proxy fight against Yahoo’s board and makes good on his promise to fire Yang?

Because if there is one thing that is hurting Icahn’s chances, it is the worry among major Yahoo investors that he simply cannot run Yahoo, even for a short time.

So, of course, he is out beating the bushes for a suitable CEO.

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Could Ross Levinsohn and Jon Miller reinvent Yahoo? What about OpenTable’s Jeff Jordan? Or various and sundry Google or Microsoft execs?

It could happen.

That specific scenario of putting someone like the two former Internet execs in charge of the troubled Web giant is one of the many being bandied about, as Yahoo shares tumble and the company heads toward a potentially ugly annual meeting everyone involved desperately wants to avoid.

In fact, Yahoo’s board and major investors are talking today about various options for the company, including Yahoo’s receptivity to a sweetened deal with Microsoft and also other ways to pull the asset-rich company out of its stock doldrums.

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Who in the Internet sector hasn’t enjoyed the always amusing stylings of Mr. Ross Levinsohn, the high-profile former head of Fox Interactive Media a.k.a. “The Guy Who Bought MySpace for News Corp.”?
Today, he added another song to his silky smooth repertoire as the “Internet guy who dissed Yahoo.”
In a nice scoop, TechCrunch reported that Levinsohn [...]

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On our recent trip to sunny Southern California, we had a lively lunch in Brentwood with the ever-sassy Ross Levinsohn.
In the dullish panoply of Internet moguls, Levinsohn stands out as one of the more colorful characters, no small thing since he comes from a big company, News Corp. (owner of this site), where he played [...]

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So, I am back in Los Angeles today, part of my ongoing quest to make sense of the wrenching changes facing the entertainment industry in the face of the continuing pummeling by the digital tidal wave.
I just had a bracing lunch with Ross Levinsohn, former Fox Interactive Media head and newly minted investor, where we [...]

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I will be traveling south to Los Angeles Sunday afternoon to do a few days reporting there.
That will include visits to the offices of JibJab, Userplane, Disney’s Internet Group, as well as some catching up with newly minted investor Ross Levinsohn and Joost CEO Mike Volpi.
We’ll be headed that way again a week later to [...]

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I went to a dinner last night hosted by John Battelle and Tim O’Reilly of the Web 2.0 Summit, and it was one of the more schmoozy events I have been to in a while.
The event–this year at Foreign Cinema in the Mission District of San Francisco–is held to elicit feedback from the Internet’s movers [...]

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