• Word has it Conan O'Brien and NBC have finally reached a deal. He'll leave with $25-30 million and could end up joining Fox eventually, although a deal is far from certain. As for NBC, fallout from the mess is expected to linger for a long time. And now Jimmy Fallon is the The Tonight Show's heir apparent.
• The…
• Goodbyes: After 53 years on the air, CBS has canceled As the World Turns; meanwhile, the Bonnie Hunt Show won't be renewed after this season.
• JuJu Chang will take over for Chris Cuomo on Good Morning America. [NYP]
• Vevo, which is hoping to become the Hulu of music videos and is owned by Universal Music and Sony…
• Comcast is "close" to a deal to take control of NBC Universal. [NYT]
• Scripps Networks, which controls the Food Network and HGTV, is close to taking over the Travel Channel for the low, low price of $1 billion. [NYT]
• The critically-acclaimed cop drama Southland is coming back. Although NBC canceled the show, TNT…
New Imprint for HarperCollins, Cuts at Sony
• HarperCollins is launching a new imprint which will focus on "pop culture, sports, style and content derived from the Internet." Clever! [NYT]
• Sony Pictures is cutting 300 employees, or 4% of its workforce. [LAT]
• YouTube and Universal are in talks to build a "hub" for music videos. [WSJ]
• Jon Stewart went to…
Behind the deal: Microsoft's payment to Universal Music is not protection money
Microsoft agreed to pay Universal Music over a dollar for each Zune it sells — and that's all the bloggers and commentators will report. But the New York Times, which broke this news, explains the payment is part of a deal in which Universal will license its music to Microsoft's new music download service.
