• The deal between Comcast and GE to hand over control of NBC Universal to the cable giant is done; an announcement may come Thursday. [CNBC]
• Job cuts hit Gannett today; USA Today is reducing its staff by 5 percent. [AP]
• So much for Lou Dobbs moving over to CNBC. The cable network now says it has no plans to hire…

• A big round of layoffs landed at the Associated Press today. [BI, NYT]
• Budget Travel isn't shutting down, contrary to rumors. But its owner is looking to sell the magazine or find new investors, however. [AdAge]
• Time.com's managing editor, Josh Tyrangiel, will become the editor of BusinessWeek when Bloomberg LP…

• A&E has agreed to acquire Lifetime, which means it's not entirely out of the realm of synergistic possibility that Duane Chapman of Dog the Bounty Hunter will make a cameo on Project Runway sometime next season. Yay. [THR, NYT]
• The Daily News has dropped its restaurant critic, Danyelle Freeman, and doesn't appear…

• Just when you think members of the Jackson family can't possibly stoop any lower comes confirmation they've agreed to do a reality TV show for A&E. It's going to be "genuine," says the show's producer. Clearly. [THR]
• Because the public has been clamoring for 24/7 access to fake wrestling matches, the WWF is now…