First on FishbowlNY: Time Inc. will shutter American Express-owned custom pub Fortune Small Business, FishbowlNY has learned exclusively. Although the magazine publisher has said it would not close any publications as part of its current restructuring, a Time Inc. spokesperson confirmed that the magazine will no longer be produced by the company's Content Solutions division.

Breaking: Time Inc. Shutters Custom Pub Fortune Small Business (FishbowlNY)

Breaking: MediaJobsDaily reports Media General is considering consolidating the copy-editing and design functions for most of its papers into a central location. According to several sources, the company, which publishes 21 daily newspapers including the Richmond Times-Dispatch and the Tampa Tribune, would move all its design, pagination, and copy editing crew to Lynchburg, Va. next year.
Breaking: Media General Plans To Consolidate Copy Editing, Designing, Thus Cutting Jobs (MediaJobsDaily)

Breaking: Fox News SVP Michael Clemente met with White House Press Secretary Robert Gibbs and reached what some are calling a "truce," FishbowlDC has learned. Clemente then met with the FNC Washington bureau and encouraged staff to remain "fair and balanced."

Breaking: Fox News and White House: "Truce" (FishbowlDC)
White House Confirms Meeting With Gibbs, Clemente (TVNewser)

Breaking: Gawker Media fell victim to phony ad sales from scammers claiming to work for Spark SMG, a Chicago-based agency which until recently represented Suzuki. AgencySpy has learned Gawker never received payment for the ads, which crashed browsers and in some cases installed spyware on visitors' computers.

Starcom MediaVest Group's Spark SMG at Center of Suzuki Scam Ads (AgencySpy)

Breaking: Another round of layoffs is coming to Forbes. In an internal memo obtained by FishbowlNY, Steve Forbes said, "We -- and the entire media world -- have been hit hard by both the severe recession and the seismic shifts wrought by the Web. Given these dramatic events, further layoffs, unfortunately, are necessary across the entire organization." Top-level managers may already know who they have to cut, and the bloodletting could begin tomorrow.

Breaking: More Layoffs Hit Forbes (FishbowlNY)

Breaking: The New York Times is planning to cut 100 newsroom jobs by the end of the year. In an internal memo obtained by FishbowlNY, executive editor Bill Keller says, "As before, if we do not reach 100 positions through buyouts, we will be forced to go to layoffs. I hope that won't happen, but it might."

Breaking: Memo: Times To Lay Off 100 Newsroom Staffers (FBNY)

Breaking: Bloomberg LP wins the bid to buy BusinessWeek from McGraw-Hill Cos. Bloomberg president Daniel Doctoroff said, "The BusinessWeek acquisition will yield huge benefits for users of the Bloomberg terminal, and for our television, online and mobile properties." Bloomberg did not disclose the terms of the deal, but BusinessWeek sources say the cash offer is in the $2 million to $5 million range. Norman Pearlstine, Bloomberg's chief content officer, has been named chairman of BusinessWeek.

Breaking: BusinessWeek Goes To Bloomberg LP (FishbowlNY)
What BusinessWeek Will Mean For Bloomberg TV (TVNewser)

Breaking: The New York State Supreme Court's Appellate Division has thrown out Dan Rather's $70 million lawsuit against his former employer, CBS Corp. In a statement, CBS said they are "pleased by the appellate court's unanimous ruling today dismissing all of Dan Rather's claims." Rather's lawyer Martin Gold told TVNewser, "We believe the decision is incorrect on a number of grounds and, accordingly, we intend to ask the New York Court of Appeals to review it."

Breaking: Rather Case Against CBS Dismissed; Rather's Lawyers to Ask for Review (TVNewser)

First on FishbowlDC: CQ-Roll Call Group has eliminated 44 editorial positions, according to an internal memo obtained by FishbowlDC.

Breaking: Blood Bath at CQ-RollCall: 44 Positions Cut (FBDC)

This morning FishbowlDC got its hands on the first copy of the revamped Washington Post Magazine as it left the newsroom. Matt Dornic breaks down the artistic, graphical and brand changes, as well as the latest features.

Exclusive: Meet the New WaPo Mag (FBDC)