Today: CNN's Rick Sanchez hosted an award ceremony for Twitterers, and the Daily Beast is "evolving." Meanwhile, Craft and Figure magazines are folding.
• Here's a sad story: Figure, a fashion mag for larger ladies published by Meredith Corp., got thin and then folded. [Folio]
• News Corp. is cutting jobs at European newspapers, including the Times, the Sun, and News of the World. The Times and the Sun are also integrating their websites with their print editions. [Telegraph UK]
• Chicago Sun-Times editor Michael Cooke is resigning to become the editor of the Toronto Star. [Chicago Tribune]
• Peggy Olson and Green Moms were two big winners at last night's first annual Shorty Awards, honoring the best content producers on Twitter. Our friend The Media Is Dying lost to Breaking News in the News category. CNN's Rick Sanchez hosted the event, and a special appearance was made by Shaq via video. Congrats to all the winners! [Shorty Awards]
• The Daily Beast, Tina Brown's four-month-old web project, is working on its business model for selling ads. "We're just in the stage of evolving," said Beast general manager Caroline Marks. "There are a spectrum of ways you can execute [an ad model], and we're looking at all of them. It is a dialogue that will evolve over the course of this year." [Brandweek]