Updated: Yahoo Reorg, Dan Rosensweig, Braun Out At Yahoo

TechCrunch is reporting that #2 Dan Rosensweig is out at Yahoo. I’ll have more to say on this when I know more….

Update: SEL has more news, so does the Merc, and Yahoo has issued a release, which SEL has in full.

From Reuters

Yahoo Inc. (YHOO.O: Quote, Profile , Research) on Tuesday announced a reorganization that marks Chief Financial Officer Susan Decker as a likely successor to the current CEO and simplifies the Internet media company’s structure.

Decker will take the lead of a new unit focused on advertising, Yahoo’s main source of income, while media, communication, and other product groups will be merged into a unit focused on user activities.

Chief Operating Officer Daniel Rosensweig, a possible rival to Decker for the mantle of successor to Chief Executive Terry Semel, will leave the company in March.

Yahoo, a 12-year-old Internet pioneer, said no layoffs are planned as it restructures the company.

Update 2: Llyod Braun is also out. This is not a surprise.