ASME Is In No Mood To Party|Time Warner Wants To Ditch AOL|MSLO Takes A Hit|A Bad Day At The NAA|The Boston Globe Talks Are Looking Good

WWD: Since the magazine industry is screwed, the American Society of Magazine Editors is scaling back the party for tonight’s National Magazine Awards

New York Times: Time Warner is nearing a decision to spin off America Online

Reuters: Martha Stewart Living Omnimedia reports a $16.8 million first quarter loss because of a bad deal with KMart and falling magazine revenues

FishbowlLA: The Newspaper Association of America is laying off half of their staff and folding Presstime magazine

Editor & Publisher: Boston Globe publisher P. Steven Ainsley seems optimistic about the negotiations to keep the paper alive

MEDIABISTRO EVENTS

Get Social Media Marketing Secrets from Experts

Create a social media strategy, launch your campaign, and track the results in our Social Media Marketing Boot Camp starting February 16. The online event and workshop will feature speakers including The Onion‘s Baratunde Thurston (left), Facebook’s Morin Oluwole, and bitly’s Tim Devane. Register now.