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The Wrap: Nielsen's sale of various publications, including The Hollywood Reporter and Billboard to James Finkelstein, whose family's company News Communications Inc. owns the "Who's Who" series, may be completed by Friday.

The Awl: A graph of magazine revenue over the last 10 years.

Gawker: David Letterman makes fun of NY1 reporters Roger Clark and Pat Kiernan.

Journal-isms: Newsday was picketed by people protesting the publication of a comic that mocked the idea of hate crimes.

Huffington Post: The Huffington Post's top game changers including top media game changer Sue Gardner of the Wikimedia Foundation.

Coming a day late (The Wall Street Journal broke the story yesterday which quickly sped through media outlets) Condé Nast announced this afternoon its plan to move its titles into the 21st century with its Digital Magazine Initiative. This includes the much-talked-about e-readers version of Wired magazine, which will "deliver full-color, high resolution magazines" to your smartphone, laptop and "netbooks."

But that's not the only thing S.I. Newhouse's team is working on: Condé Nast Digital has been busy reorganizing its sales sector into 5 different sectors, and hiring on its digital arm even as deep cuts are being made into its print divisions. Good strategy for looking ahead, or cutting off the nose to spite the face? You tell us.

Press release after the jump.

Read More: Condé Preparing E-Reader Version of Wired Preparing E-Reader Version of Wired --Wall Street Journal

Previously: Condé Nast Digital's Schutte: We're Not A Late Bloomer

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"Nightline" has an interview with lifestyle and cooking tycoon Martha Stewart tonight, in which she talks about how it felt to lose "more than a billion dollars" while in prison (though whether that billion was hers personally, or tied up in Martha Stewart Living Omnimedia is not made clear) and what it's like to be completely bonkers (which, in Stewart's opinion, involves her picking up gravel from her mile-long driveway in Maine).

But our favorite segment features Stewart slamming bubbly 30-minute meal cooking television personality and talk show host Rachael Ray for not being a real chef.

Video after the jump.

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We've been following the brutal layoffs at the Associated Press all week, and the news organization has remained mum throughout. Until now.

Last year, CEO Tom Curley told staff that the company needed to cut 10 percent of its payroll costs, and voluntary buyouts, a hiring freeze and layoffs this year have moved the company toward this goal. Today, the AP said in a statement that the 90 people let go across the organization this week have brought them to that point. Said the AP:

"The 90 news department staffers being notified this week, along with earlier reductions in other departments, a voluntary retirement program last summer, a continuing hiring freeze and attrition, bring The Associated Press to its goal of a 10 percent reduction in the news cooperative's global payroll costs in 2009, as outlined by President and CEO Tom Curley last November."

Hopefully this means the bloodshed is over at the AP for now.

Earlier: AP Layoff Update: Four Bureaus Closed, Says Union

Ken Armstrong accepts the John Chancellor Award

"The only way I can get into Columbia is to be asked to speak," joked NBC News correspondent Tom Brokaw as he kicked off the ceremony for the John Chancellor Award for Excellence in Journalism at Columbia's Low Library last night.

Brokaw spoke about the award's namesake, his former colleague John Chancellor, as well as the night's award recipient, Ken Armstrong, an investigative journalist at The Seattle Times.

Columbia Journalism School Dean Nicholas Lemann also introduced a number of people who had worked with Armstrong over the years, including Seattle Times executive editor David Boardman and the publisher of Armstrong's college paper, Pat Kuhnle. They all spoke highly of Armstrong, about his important investigative works including a series on the death penalty in Illinois while he was working for The Chicago Tribune.

"I am truly flattered," Armstrong said, upon accepting the award. "The work I do isn't always dramatic."

Tom Brokaw

Today, the News Media Guild, which represents 1,300 Associated Press employees, provided an update on this week's layoffs.

According to the union, 14 more people lost their jobs yesterday, bringing the grand total of unionized AP staffers laid off during this week to 71. Four bureaus are also being closed due to the cuts. Reports the guild:

"The terminations Wednesday involved nine newspersons, three editorial assistants, one photographer, and one office assistant. The notice appears to state that correspondencies in Dayton, Ohio; Roanoke, Va.; Grand Rapids, Mich.; and Jacksonville, Fla., are being closed.In addition, the Guild is aware of layoffs among U.S. managers and overseas staff."

And, it might not be over. More layoffs could come today:

"Guild members, citing managers, have reported that more people may lose their jobs Thursday. The AP has not informed the union about future staff reductions, despite Guild requests for information. AP has not provided any assurance to the union that the company is 'finished' with this current round of staff reductions."

Again, if you know any other news, send us an email or leave a note in the anonymous tip box on the right.

Black Tuesday At AP -- News Media Guild

Earlier: More Info Emerges About AP Layoffs

After filing for Chapter 11 this August, Reader's Digest Association has been working on a restructuring plan to get itself out of debt. Some of this has been the unfortunate (but par for course) shuttering of titles, like Rick Warren's ill-fated The Purpose Driven Connection magazine.

Yesterday, editor-in-chief Peggy Northrop mentioned at the ASME luncheon that the Reader's Digest brand would never again launch a magazine that wasn't able to perform across different media platforms. And today, RDA continues its attempts to get back in the black, and no it doesn't involve firing staffers. It looks like the company will be moving its staffers from its offices in Pleasantville, N.Y.

As Keith Kelly reported this morning:

"Some of the 600 employees based in [Pleasantville] will be relocated to White Plains, N.Y. But executive offices and Reader's Digest magazine's editorial will move to space at 750 Third Avenue that was recently vacated by S.I. Newhouse's Condé Nast Publications.

So some editorial staffers will be going to White Plains while the corporate headquarters and other editorial staffers move to NYC to share in the same building as Condé Nast. (FishbowlNY previously reported that The Economist is also moving into that building in the second quarter of next year.) While it's always terrible to have to pick up your life and move elsewhere for a job, relocating to New York isn't the worst thing to happen to a magazine staff in the last, oh say, 24 hours. In terms of restructuring, this is one of the more positive moves we've seen in awhile, which it should be obvious by the very un-restructuring phrase in CEO Mary Berner's letter to the staffers, "Some of you will be excited by this change..."

Berner's full memo to RDA staffers after the jump.

Previously: Reader's Digest Files For Ch. 11

Read More: Reader's Digest moving to NYC --New York Post

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Today, we have been following the tweets of departing BusinessWeek writers and editors as they get word from the bosses at Bloomberg LP about layoffs.

Although we knew no one was safe, we were shocked to learn that media columnist Jon Fine, who has been enjoying a six-month sabbatical since September, would not be returning to the magazine after it gets taken over by its new parent. So what will become of respected media reporter Fine and his column Fine on Media?

The sad irony of the situation is that the magazine's own media columnist missed the opportunity to cover the sale of BusinessWeek, a deal that ultimately ended up eliminating his job. But we have a feeling that when Fine returns from his travels abroad, he won't have trouble finding some place to write about the media and the new Bloomberg-owned BusinessWeek.

Update: We asked Fine if he had any regrets about taking his sabbatical when he did. "I have absolutely no regrets," he told us, while enjoying a burger at Peter Luger. "We had a chance to do it, to go around the world and talk to media people on the ground. And that's going to serve us well no matter what."

Fine and wife Laurel Touby wrapped up the first leg of their worldwide tour earlier this month, and they're planning to depart to places unknown in early December.

Follow all the BusinessWeek layoffs tweets here.

Earlier: Jon Fine Says Goodbye

FishbowlNY sister site MediaJobsDaily made mention of Danko Steiner's exit as design director from Vogue this morning.

Steiner had been working at the Condé Nast publication for four years, but his decision to leave must have been known for quite some time. How else would you explain the quick turnaround that's being reported, with creative director of ad agency AR New York, Raúl Martinez, already being tapped for Steiner's position?

Of course, this will not be Martinez's first stint at the fashion bible. He left Anna Wintour's side in 1996 to work for AR. His homecoming is nothing short of getting the gang back together, Don Draper-style. As Martinez told Women's Wear Daily:

"I will still have the agency and undoubtedly, the two can coexist. I can't begin to explain how excited I am to be joining forces with Anna once again."

Memo Pad: Steiner Exits Vogue... --WWD

At Vogue, Danko Steiner Resigns, Raul Martinez Filling The Spot --MediaJobsDaily

Previously: Danko Steiner Named Vogue Design Director --UnBeige

Who said the shelter category is dead? After finishing the year as the leader in ad sales for the category, Elle Decor said today that it was raising its rate base by 10 percent -- from 500,000 to 550,000 -- starting with its March 2010 issue. The magazine said it will deliver an average circulation of 588,000 through the first half of next year.

The Hachette Filipacchi pub also expanded its ad sales team, promoting Matthew Talomie to the position of advertising director and appointing Linda Tullio, formerly of the recently shuttered Metropolitan Home, New York manager for Elle Decor.

"Matthew has been a creative, resourceful member of our staff for the last two years; this new role will allow him to contribute even more to our success," said Elle Decor publisher Barbara Friedmann. "Linda's 11 years with Metropolitan Home have made her an invaluable resource; this new position allows her to share her expertise."

And although Elle Decor nabbed the top spot in ad pages in the shelter category -- for the first time in its 20-year history -- its success is no doubt related to the closure of other shelter mags like Domino, Southern Accents and Metropolitan Home, whose "highest-quality subscribers" have been added to Elle Decor's readership, resulting in the rate base increase, the magazine said today.

Related: Breaking: Hachette Shutters Metropolitan Home

Today on the mediabistro.com Morning Media Menu podcast, hosts Jason Boog of GalleyCat and AgencySpy's Matt Van Hoven welcomed PRNewser editor Joe Ciarallo to talk about the day's biggest media news.

On tap today: Jason discussed last night's National Book Awards (see GalleyCat for full coverage) and Matt talked about an ad for Sarah Palin's book Going Rogue running during "The Rachel Maddow Show."

"We do have standing a call and emails, multiple, out to Tina Andreadis at HarperCollins, the director of publicity," Joe said. "We imagine she's quite busy with the book launch, but we do want to get her take so Tina, if you're listening, call us."

You can listen to all the past podcasts at BlogTalkRadio.com/mediabistro and call in at 646-929-0321.