Knight-Ridder is planning to cut jobs and benefits and reduce newspaper sizes, which is never a good sign for a company's 18,000 employees or the journalism they churn out at places like The Philadelphia Inquirer. [WSJ]
More from the WSJ, this time about the WSJ: Apparently WSJ writer Tunku Varadarajan made a rather anti-Semitic sounding observation about New York reader favorite Bernard-Henri Lévy, describing him as having ""an upward tilt of a nose so aquiline one might hang a hat on it." Unfortunate phraseology, that. [Arts Journal via Romenesko]
Profits drop precipitously at the NYT: Wow - today the NYT reported that its profits have dropped by 41 percent despite large gains in advertising revenue showed a surprisingly large increase - mainly because of high severance (cough Judy Miller cough) and stock-options costs. It will be increasing the cost of home delivery as a counter-meausre, and hopefully convincing peole to buy TimesSelect. [NYT]
Stephen Harper is Canada's new Prime Minister. That's depressing Canadian news. (Sorry, couldn't resist.)[WaPo]