• Rupert Murdoch is hoping to give the Times a run for its money. The mogul plans to put $15 million into the NYC edition of the Wall Street Journal. [NYO]
• ABC still hasn't said who's replacing Diane Sawyer on Good Morning America, which has led to some "puzzlement and frustration" among staffers. [LAT]
• Why is…
Bloomberg-ing of BusinessWeek Begins: Editor Out
Steve Adler resigned as editor in chief of BusinessWeek, the New York Post's Keith Kelly reports, effective as soon as Bloomberg LP completed its expected takeover of the McGraw-Hill magazine. This was to be expected.
• It's Tuesday, which means fresh job cuts at Condé Nast have been revealed. In addition to the dozen Glamour staffers laid off yesterday, Style.com will cut Candy Pratts Price. And 200+ more layoffs could be ahead. [WWD, NYP, FWD]
• Maybe Condé Nast's fancy iPhone application, which was announced today, will stem the…
