What's one more bit of bad media news on this dark, gloomy Friday? ABC News sent out a memo today saying that the bad economy is causing them to cut back on expense accounts, travel, and conference attendance, cancel all of their holiday parties, and, ironically, cancel all of their subscriptions to print magazines and newspapers (which will help the environment, they note!). And most painfully for ABC execs:

1. All executives are asked to fly one grade below what they're entitled to. Some have contractual provisions on air travel, and the company is not breaching any contracts. But we are being asked to use our discretion on this. 3. All executives are asked to stay in "B" level hotels. I'm told that Travel knows what this means.

Oh, they know what it means. The end is nigh. [NYO]