In the "second high-level resignation at Disney this month," Carolina Lightcap unexpectedly announced she was leaving her post as president of Disney Channels Worldwide, reports Ronald Grover. The first exiting Disney exec was Andrew P. Mooney, who resigned as chairman of the consumer products unit earlier this month "to seek a larger executive role" (or is that a reminder of the typical corporate code for "let go" discussed in all the stories about Carol Bartz' refreshing honesty about her Yahoo firing?) Lightcap, an 11-year Disney veteran who had held her last position for fewer than two years, will be replaced …

Some New York City cab drivers now have the power to refuse putting ads they think are too racy on their vehicle -- such as long-controversial strip-club and liquor ads. New York's Taxi and Limousine Commission just passed a rule giving such veto power over ads "reasonably" deemed inappropriate to "owners of yellow-taxi medallions, who lease the right to operate taxis to the drivers," writes Tim Nudd.

CBS -- criticized by investors in the past for "its heavy reliance on advertising revenue compared to other media giants that also have stakes in subscription businesses such as cable television" is diversifying its revenue stream, writes Joe Flint. CBS Chief Executive Leslie Moonves told a media conference that advertising "accounts for about 64% of the company's revenue, down 8% from just a few years ago," according to Flint. The switch is pegged to retransmission consent fees, along with "strong sales of [CBS] content both abroad and to new platforms, including Netflix and Amazon."

Just how outdated is Vogue magazine anyway? "Young media start-ups and tech savvy entrepreneurs are giving old-school fashion magazines a run for their money, lulling away advertisers that are starting to look for digital platforms that just don't exist within brands like Vogue and Cosmo," writes Eric Markowitz in a profile of one of the most successful fashion media start-ups, the Web site StyleCaster. Hear the clash of swords as new media attempts to foil old media! "We create content like The Huffington Post, but we have the caliber of brand that Conde Nast has built," says StyleCaster's Ari Goldberg. …

This year will feature none of the "deep, nerve-rattling cuts [in ad spend] that marked the 2007-09 recession," writes Paul Thomasch, explaining the views of UM Chief Executive Jacki Kelley. "Advertisers are a bit more cautious, but they are not panicking and they are certainly not pulling dollars out of the marketplace," Kelley says. Kelley predicts that media such as television and Internet search -- which "allow you [to] get in and out with a little more immediacy" -- will grow at this time, while "the media that tend to be the most vulnerable -- which isn't because of their …

Hearst is converting all its publication Web sites to HTML5 to make content functional for all devices. The first mag to get the digital redesign was Good Housekeeping, whose revised site -- previously named "one of the worst magazine websites on the Internet" -- went live five days ago, writes TJ Raphael. Rollout of the revamps for the rest of the Hearst stable will take place over the next six to 18 months.

Penske Media, the owner of entertainment news site Deadline.com, has sued The Hollywood Reporter for copyright infringement, claiming that violations occur on an almost daily basis. Similar suits may be coming against the likes of TheWrap.com, as well. For its part, the Reporter basically says that rewriting widely distributed press releases is not copyright infringement just because Deadline.com rewrites them first.

Fast Company has teamed up with Fab.com, a flash sales site, to sell nearly 100 handmade items -- including purses made with recycled leather -- featured in an October article, "The United States of Design." Fab.com will open a pop-up shop on its site to sell the products for 30 days. The magazine will also release an iPad app -- which will link to Fab.com -- using video and audio to tell the stories behind some of the products for sale.

Should papers like the Chicago Tribune and Newsday have killed the "Doonesbury" comic strip illustrating excerpts from an as-yet-unpublished, highly negative bio of Sarah Palin? The Tribune, for one, claimed "the subject matter does not meet our standards of fairness [because] the strips include excerpts from a book that is not yet on the market and therefore unavailable for review or verification by the Tribune." "Editors, of course, have the right not to run a cartoon. But... cartoonists who editorialize, of course, have the responsibility not to be fair," writes The Washington Post's Michael Cavna, …

Brian Fays, senior vice president at MTV Networks, has left the company following an investigation into his allegedly accepting millions of dollars of kickbacks, according to the Hollywood Reporter. Fays handled direct-response advertising and paid programming for Viacom's 17 ad-supported cable networks.According to sources cited by the paper, Fays allegedly "offered discounted advertising to certain direct-response sellers," allegedly seeking "kickbacks in cash -- sometimes delivered in briefcases."