Arthur Sulzberger Jr. says he has no plans to take the New York Times Co. private, despite "brutal conditions" that threaten his paper's survival. [NYT]
Meanwhile, Moody's has downgraded the NYT Co.'s credit rating. [E&P]
• A few theories on why Peter Kaplan departed Jared Kushner's Observer, and what's in store for Kaplan—and the paper—in the future. [WWD]
• Former Facebook exec Owen Van Natta is the new CEO of MySpace. [WSJ]
• Is GE looking to sell NBC Universal to Time Warner? It's possible! [TDB]
• Ambushing the ambusher: Staking out the home of Jesse Watters, the Fox News producer who stalks liberals for Bill O'Reilly. [Gawker]

• Randi Rhodes, the liberal talk-radio host formerly of Air America, is joining the same radio network that's home to Rush Limbaugh. [WSJ]
• Yahoo is shutting down Geocities. You remember Geocities, don't you? [DMW]
• Two American journalists may stand trial in North Korea. [Reuters]
• NPR is laying off 13 staff members. [WaPo]
• HuffPo co-founder Ken Lerer on the future of journalism. [Portfolio]
• Rod Blagojevich won't get to go to Costa Rica for NBC's I'm a Celebrity... Get Me Out Of Here, "but he may be involved in the show somehow." [NYDN]
Newsweek's Jon Meacham is writing a George H.W. Bush biography. [NYP]
• Former Vogue fashion editor Catherine di Montezemolo has died. [WWD]