Time Inc. Pulls Back, Fox News Apologizes

Details on the layoffs and management changes at Time Inc. [NYP]
More on the demise of Maer Roshan's Radar and its God-awful TMZ-like reincarnation. [NYO, HuffPo]
Fox News has apologized for putting a racist and anti-Semite on the air. [MM]
Noted media expert (and former basketball player) Charles Barkley thinks Fox News is "corrupt." [B&C]
Barack Obama's 30-minute infomercial airs tonight. [AdAge, Politico]

Jennifer Lopez's deal with TLC appears to be dead in the water, but that didn't stop her from negotiating another development deal with ABC. [Jossip]
Amazon.com is practically giving away subscriptions to Newsweek. [Fishbowl]
Where are former New York Sun writers finding work? At Tina Brown's Daily Beast, of course. [NYO]
McGraw-Hill announced that profits tumbled 14 percent during the third quarter; the company says it plans to cut 270 jobs. [Bloomberg]
Phil Griffin of MSNBC talks about... MSNBC. [NYO]
Ad revenue declined 18 percent at Martha Stewart Omnimedia during the third quarter. [WWD]
American Express Publishing is laying off 22 staffers. [AdAge]
Barry Diller is voting for Barack Obama, in case you take you were wondering. [THR]