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Karl Rove to Finally Profit From Professional Secret-Keeping

MEDIA • Here come the NBC News pay cuts: Jeff Zucker plans to slash anywhere between $20 and $40 million, including an entire level of MSNBC management. And thanks to the writers' strike and fears of recession, future cuts may only get worse. [NYP] • Karl Rove may be offered $3 million for a memoir, in which we may find out how much he got in exchange for his soul. [NYP] • At least one person thinks the press did a heckuva job in reporting the lead-up to the Iraq war — former top White House communications adviser Dan Bartlett. [NYO]

GE Wants In on the Dow Jones Action

MEDIA • GE and Pearson, the parents of NBC and the Financial Times, are considering a rival bid for Dow Jones. [NYT] • Quadrangle Group bought Dennis Publishing for $240 million and is courting editorial talent. [WWD] • Demand for ad space pushes Page Six up to three pages. [NYT]