While some are betting that Rupert Murdoch's News Corp. will be the next owner of Newsday, the Dolan family - owner of Madison Square Garden and Cablevision - is expected to up the ante and make a $650 million bid.

There's no shortage of news about newspapers and the companies that own them, but not much of it is good news.

As Rupert Murdoch's News Corp. girds for a possible confrontation with the Federal Communications Commission over its intended Newsday purchase, a member of the Bancroft family - the clan that sold Murdoch The Wall Street Journal - says, figuratively, "I told you so" over managing editor Marcus Brauchli's resignation.

How much of New York's newspaper landscape can one man own? While redesigning The Wall Street Journal, Rupert Murdoch has agreed in principal to buy Newsday, according to reports in the Journal and Newsday.

Although the chattering continues about her future, Katie Couric is still in the anchor's chair at the CBS Evening News.

Gawker chief Nick Denton rid his blog empire of three online destinations: Idolator, Gridskipper, and political mainstay Wonkette.

CBS News and Katie Couric look like they're headed for splitsville, more than a year before her contract with the network runs out.

The New York Times reported that CBS News, once the highest-rated and most distinguished network news organization, is considering outsourcing some news coverage to CNN.

While Rupert Murdoch gave Georgetown University students tips on how to take over the media world, big things were happening at his Wall Street Journal, including the newspaper improving its congressional coverage by upping its Capitol Hill bureau to three members.

Newsweek is offering more than 100 buyouts from a combination of the editorial and business sides, although the bigger names are still on board.