With a few exceptions, such as New York magazine, People, In Style, and in-flight airline titles, magazines had a bad first half of 2008, with newsstand sales falling 6.3% from last year.

Time Warner, the world's largest media conglomerate, announced a 26% drop in second-quarter earnings, burdened by declining AOL subscriber fees and dropping publishing advertising revenue.

It's been another trying week for Tribune Co. employees. In Los Angeles, where rumors of a free daily newspaper are flying, the Los Angeles Times stopped its job-cutting spree at 135 positions instead of the previously announced 150.

NBC News named Mark Whitaker, former Newsweek editor, its new Washington bureau chief on July 28, effective immediately. Whitaker will assume some of the duties vacant since the June 13 death of Tim Russert.

Hours after Tribune Co. CEO Sam Zell told reporters at his newspapers that job cuts and content reduction are his only option, New York Times Co. president and CEO Janet Robinson announced during a conference call that the company's second quarter profit dropped 82% from last year, when the company sold its television stations.

More than four years after Justin Timberlake revealed a rarely seen portion of Janet Jackson's anatomy to millions of football fans during Super Bowl XXXVIII, a federal court threw out the Federal Communications Commission's (FCC) $550,000 fine for CBS.

The outrage over The New Yorker's cover depicting Sen. Barack Obama (D-IL) and his wife - satirically - as radicals roasting Old Glory in the Oval Office fireplace has drawn a backlash of its own.

Wall Street Journal tech guru Walt Mossberg has signed up as a regular Thursday morning contributor on Fox Business Network (FBN), the Journal's sister News Corp. organization.

Washington Post publisher Katharine Weymouth made the expected official on July 7, naming former Wall Street Journal managing editor Marcus Brauchli the Post's executive editor, effective September 8.

With a New York Times Magazine profile just published online, right-wing radio host Rush Limbaugh signs a $400 million contract with Clear Channel Communications to continue broadcasting through 2016.