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Microsoft Seen as Diller's Best Bet for Ask.com (Reuters)
Microsoft Corp is viewed as the most likely buyer or partner for IAC/InterActiveCorp's Ask.com if CEO Barry Diller decides to throw in the towel on the struggling search engine. Diller said on a conference call with Wall Street analysts Tuesday that the search business is "challenging" and its future is "speculative."

Dwindling Time and Space for the Expertly Crafted Narrative (WaPo)
David Remnick, editor of The New Yorker, which continues to run long narratives even while dabbling in supplemental online blogs, tells us, "I can't imagine a world in which the only thing of interest is the brief, the ephemeral, the flickering and the Tweeted."

Philly Papers Cite 20.6 Percent Drop in Revenue (Philadelphia Inquirer)
Philadelphia Newspapers L.L.C. expects to see a 20.6 percent drop in revenue this year, a figure that includes a 27.7 percent fall in ad revenue. The company projects advertising and overall revenue to continue to fall through 2011, but with the decline diminishing each year.

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