CBS News and Katie Couric look like they're
headed
for splitsville, more than a year before her contract with the
network
runs out. What's
the problem?
Time's
James Poniewozik says
it's not the ratings - it's her salary. What's next? Couric could
move
to CNN, where the seat behind Larry King's desk may open.
Though the rumors have started now, Couric's exit could take nine months.
In the media glare:
Who's buying Yahoo?
Yahoo and Time Warner are reportedly close to a deal that
would merge
Yahoo with the media giant's AOL Internet division. Meanwhile, News Corp. is
reportedly in talks
with Microsoft to join in its bid for Yahoo, which
would combine Yahoo, Microsoft's MSN, and MySpace into an Internet behemoth.
Also of note: Yahoo is in discussions
to carry search-driven advertisements from Google.
Also:
The Wall Street
Journal names
Ellen Asmodeo-Giglio publisher of its new weekly magazine WSJ., which will launch Sept. 6.
Nielsen lays
off an unspecified number of employees, so does Ziff Davis Enterprise.
Dan Rather's lawsuit against CBS is dismissed,
sort of.
On-air host Randi Rhodes quits
Air America.
The editor of Newsweek.com takes
a buyout.