What percentage of $2.4 billion is that smile worth?

Try to follow this three-headed triangle of big, old media movement today:

Clear Channel Communications, the mongoloid radio company — which since the advent of the iPod and satellite radio we notice more for its billboards than its airwaves — has agreed to be sold for $18.7 billion, some $7 billion less than what some said it was worth. But hey, what's $7 billion among friends?

Reader's Digest Co., holed up in its Pleasantville, New York compound, has agreed to a sale worth $2.4 billion. Open questions: What does it say about the state of media that a 84-year-old magazine company — which celebrated its flagship's 1000th issue in grand, futuristic, awkward style last spring — is worth roughly $800 million more than one-year-old YouTube? And how much of that $800 million — or, $2.4 billion, for that matter — was earmarked for Everyday With Rachael Ray?

And, finally, TV Guide, the yin to Reader's Digest's crusty yang, has laid off 24, a year and change since it made a dramatic shift from pocket-listings guide to oversized glossy. Can a print shuttering be far behind?