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by Jeff Bercovici
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Mar 26 2008 12:00am EDT

Idle Chatter: Clear Channel, 'NYT,' CAA, more

-U.S. ad spending grew 0.2 percent last year. And we weren't even in a recession yet! [TNS]

-Clear Channel and its private equity buyers might have to go to court to force the banks financing the sale to hold up their end of the bargain. [NYT]

-New York Times Co. chairman Arthur "Pinch" Sulzberger Jr. took a 21 percent pay cut last year -- and a lot of people at the Time probably thought he should've gotten even less. [NYP]

-Creative Artists Agency is launching a social networking site for young athletes, WePlay.com. Who's going to break it to them that social sites are no longer considered smart bets? [NYT]

-More than a dozen publishers have approached Michelle Obama about writing a book. [NYO]. □

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