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Late Breaks: Wall-to-Wall Russert, more   Hachette Names New CEO
Jun 18 2008 8:48AM EDT

Idle Chatter: LinkedIn, Sundance, 'Cosmo' vs. Cosmo

-Professional networking site LinkedIn has closed a round of funding that values it at $1 billion, or more than News Corp. paid for MySpace. [NYT]

-Cablevision's Rainbow Media has acquired the Sundance Channel for $496 million. [MCN]

-Hearst is suing to prevent a new Las Vegas hotel and casino from calling itself Cosmo. [WWD]

-Julia Allison has lost her editor-at-large gig at Star. And if you don't know who that is, you're doing something right. [NYP]

-Tim Russert was "ruthless," "shrewd" and "ambitious," but all in a good way, according to people at his wake. [NYO]

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