FIRST CUTS: Current’s new president; Conde Nast slapped with libel suit

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

• Conde Nast has been slapped with a libel lawsuit over a Vanity Fair article. (New York Observer)

• Current TV has tapped a CNN vet as its new president. (paidContent)

• He talked to Michael Calderone about his plans for the network. (HuffPo)

• Jeff Bercovici explains why HuffPo would be better off without AOL. (Forbes)

• Reporters were attacked during the London riots. (HuffPo)