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Idle Chatter The Great Newspaper Hangover

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by Jeff Bercovici
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Dec 10 2008 8:55am EDT

Idle Chatter: The Great Newspaper Hangover

-The newspaper industry wouldn't be in such bad shape today if so many newspapers hadn't changed hands two years or so ago in highly leveraged deals. [NYT]

-News Corp. had to pay Judith Regan $10.6 million to get her to drop her lawsuit and go away, according to a new court filing. [Bloomberg via Media Mob]

-If you like Facebook or MySpace, you'll love Bebo. That's what AOL things, in spite of many indications to the contrary. [WSJ]

-All signs point to tabloid-and-fitness publisher American Media following Tribune Co. into bankruptcy soon. [NYP]

-OK is lowering its newsstand price to $2.99 in hopes of peeling readers away from People and Us Weekly. [WSJ]. □

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