LAW
• A.G. Andrew Cuomo reaches a groundbreaking agreement with Verizon, Sprint, and Time Warner Cable: The Internet-service providers will block child-pornography sites. [NYT]
• April and May did a number on the legal sector’s employment rate. [WSJ]
• In the wake of the lawsuit against Kasowitz, Benson, Torres & Friedman by its former head of intellectual property, the issue of the managing partner firing other partners has been brought into the spotlight. [FINANCE
• Last week’s Fashion Meets Finance party united fashionistas with bankers. “Women in fashion need men who can facilitate their pre-30 marriage/retirement plan,” read the invitation. “And men in finance need women who will allow them to leverage their career in their dating equity.” [NYP]
• Meanwhile, the write-downs announced yesterday by Lehman Brothers paint an ominous picture for UBS, whose investors are now bracing themselves for more write-downs from the Swiss banking giant. [WSJ]
• Denis Bovin and Mike Urfirer, two top Bear Stearns bankers, are opening their own advisory boutique. [Street]
MEDIA
• Time Warner says that it would consider buying NBC Universal if General Electric ever put the Peacock Network up for sale. Thanks for the FYI. [Reuters]
• The Wall Street Journal’s new glossy magazine, WSJ, is shaping up for its September 6 distribution. “What we’re always intently trying to do is transport the DNA of the Journal into the magazine,” editor-in-chief Tina Gaudoin said. “Since I’ve come on, obviously I’ve learned much, much more about the Journal, the reporters, how it looks, how it feels. Now I can see it physically coming to life.” [Ad Age]
• Sporting News, formerly the authoritative source of information for serious sports fans, is trying to restore its greatness by offering a daily e-mail blast that will deliver scores and stats to subscribers’ in-boxes. [NYT]
REAL ESTATE
• Doctors at Brooklyn’s Long Island College hospital, which is part of the Continuum Health Partners system that runs Beth Israel Medical Center in Manhattan, say they are being squeezed out so their parent company can sell off property. [NYT]
• A former concrete plant in the Bronx will be revamped into an urban oasis following a $10 million cleanup. [NYP]
• McDonald’s finds itself Philippe Starck–iffied. [Curbed]
