Welcome to this morning’s edition of “First To Know,” a series in which we keep you in the know on what’s happening in the digital world. We’re keeping our eyes on five particular stories of interest today.

Cisco Kills the Flip Cam

Cisco plans to cease production of its Flip line of digital video cameras, CEO John Chambers announced.

Mitt Romney Announces Presidential Bid via YouTube

Mitt Romney announced his bid for the 2012 presidency via a YouTube video posted Monday.

Microsoft Takes Control of 30% of Search Market

Microsoft has secured 30% of the search market, largely at Google’s expense, according to figures from Experian Hitwise.

AOL Shuts Down Download Squad

In a somewhat surprising move, AOL/Huffington Post has shut down popular software blog Download Squad, according to its editor.

Amazon Announces Cheaper $114 Kindle With Ads

Amazon has announced a cheaper, ad-supported version of its Wi-Fi-only Kindle 3 device called “Kindle With Special Offers.”

Further News

• Twitter has extended its Trends feature to 70 more locations.
• The nominees for the 15th Annual Webby Awards have been announced.
• According to new data from Experian Hitwise, unique traffic to nytimes.com has declined by 5% to 10% since the digital paywall was erected.

Image courtesy of iStockphoto, DNY59