Wall Street Journal: Viacom, parent company of MTV Networks, reported its third quarter earnings today. Profit grew 15 percent due to cost-cutting, perhaps related to this summer’s layoffs at MTV?

New York Times: Scripps is reportedly close to closing its deal to buy the Travel Channel from Cox Communications.

Folio: B-to-b publisher Ascend Media has filed for Chapter 7 liquidation.

MediaWeek: Bloomberg unveils its plans for BusinessWeek: make it look more like The Economist and offer content for free “while creating deep, vertical content areas that paying users could access for roughly $100 a year.”

Business Insider: Alan Meckler, the CEO of mediabistro.com’s parent company WebMediaBrands, talks about plans to buy new blogs, and his plans for Mediabistro and Semantic Web.