New York Newspapers Tanking More Slowly Than Papers Elsewhere

MEDIA
• Of the top twenty American newspapers, the circulation of New York ones suffered less than others over the past few years. [Mixed Media/Portfolio]
• We hear ... that gossip Website Jossip.com is up for sale. [NYP]
• And that ESPN The Magazine is beefing up its fashion coverage. [WWD]

FINANCE
• On the heels of Blackstone's 89 percent profit drop, it's reported that the firm's chairman and CEO, Stephen Schwarzman, received $350.7 million in 2007. That's oh, just a little bit more than Goldman Sachs chief Lloyd Blankfein's $68.5 million paycheck. [DealBook/NYT]
• Following in the footsteps of Ben Bernanke and Warren Buffett, J.P. Morgan Chase's chairman and CEO James Dimon says its likely that the U.S. is in a recession. [DealBook/NYT]
• Meanwhile, Carlyle Capital is on the verge of collapse. [NYT]

LAW
• Eliot Spitzer might have trouble following the paths of George Pataki, Mario Cuomo, and Hugh Carey, who have all gone to work at law firms after vacating their posts as New York governor. [Law.com]
• Guitar Hero maker Activision is suing Gibson Guitar. Will Gibson "Surrender"? Or perhaps send Activision a "Message in a Bottle"? Okay, sorry, forgive us. [WSJ]
• Just in time for Visa's $19 billion IPO, lawmakers introduce a bill that takes a swipe at the credit card company. [NYP]