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May 5 2008 7:04PM EDT

Late Breaks: Passing the Magabrand Torch

-The sale of Entrepreneur is winding down; Elevation Partners is out of the running. [Folio]

-Why doesn't Rupert Murdoch want to swear on a bible that News Corp. didn't play a dirty $100 million hacking trick on EchoStar? [ABC News]

-Random House CEO Peter Olson is stepping down. [NYT]

-Is David Willey the new Dave Zinczenko? [Gawker]

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