The best stories across the web on media and technology, curated by Lily Leung.

1. James Murdoch to step down as chairman of BSkyB [live blog] (Guardian)

2. Magazines scramble to capitalize on Pinterest’s success (Advertising Age)

3. More Americans have cut the cord, but don’t expect a revolution to ditch cable yet (PaidContent)

4. Magazine publishers set guidelines for reporting tablet circulation (Media Daily News)

5. Want to start a journalism non-profit? Start with this guide from the IRS (Nieman Lab)

6. Watch a live stream of today’s Social TV Summit (Lost Remote)

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