- David Pecker's magazine conglomerate, AMI, may be turned over creditors. [NYP]
- The merger of XM and Sirius is, like, this close to receiving FCC approval. [NYT]
- Advertising revenue at the New York Times Co. dropped 10 percent and second-quarter earnings slipped 82 percent. [WSJ]
- Daily Candy will not be sold for $75 million. Bob Pittman isn't taking anything less than $100 million, thanks. [SAI]
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