Today our beloved media suffered some serious losses, tried to pick up some younger chicks (Newsweek, you don’t have to look so desperate), and went shopping for a bigger house. It is a very confusing time for media. But thankfully, the Times made a really pretty chart to help us understand everything!
• Time Warner lost a lot of money. [NYT]
• Time Inc., Bauer, and American Media are now playing a full-on, to-the-death game of chicken with magazine distributors Anderson News and Source Interlink: Magazines such as People and Time will not make it to Wal-Mart’s shelves this week. [FishbowlNY/Mediabistro]
• More sort-of good news: Apparently the rough economy has actually helped television evening newscasts. So maybe someone will still have jobs to offer. [Yahoo]
• And now News Corp is expected to cut jobs at The Wall Street Journal and other properties, including Britain’s Times, in the next few weeks. [FT]
• Also, layoffs at Bloomberg. [NYP]
• Condé Nast is looking for a home upgrade anyway. Maybe there’s a skyscraper in foreclosure? [NYO]
• Twitter goes to Washington! Journalists are now Twittering from the White House briefing room. So if you’ve always wondered who generally wins briefing-room musical chairs, now you can find out. Journalism at its best! [Politico]