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Ted Koppel Snapped Up by Discovery [LAT]
The longtime Nightline presenter will be making a series of long-form programs for the cable network. Koppel, who will bring eight of his former ABC producers with him, described his salary arrangements at the Discovery Channel as "very generous." NYT: Koppel deal with HBO fell through at last minute.

Jon Stewart to Host Oscars [LAT]
The Daily Show anchor will be named this morning, ending three months of speculation. Stewart is expected to take a week off from his job to prepare.

Mine Fallout for U.S. Dailies [E&P]
Front pages across the country reported the "good news" version of events yesterday. The Boston Globe trashed 30,000 copies at 3 a.m. NYT: LA Times dumped 200,000. Gawker: NY Post got it more wrong than anyone else. E&P: AP says it had "credible sources" and blames mine company officials.

Fairchild's Berner to Leave CN [Folio]
Mary Berner, who has been president of Condé Nast's Fairchild unit since 1999, has resigned from her position following a reorganization by the parent company in September.

D.C. Radio Shake-Up Makes Room for Radio WaPo [WaPo]
Radio broadcaster Bonneville International is eliminating pop music station Z-104, and turning WTOP into "Washington Post Radio." AP: WaPo shares spike on news.

Vargas: Nervous Before Her First Time [Philly Inky]
Elizabeth Vargas tells Gail Shister she had the "jitters" before last night's new World News Tonight debut on ABC. But in a good way. Boston Globe: New format was "nothing revolutionary."

WSJ Slack on Jack Attack [Slate]
Slate's Jack Shafer wonders why The Wall Street Journal is going so soft on Jack Ambramoff.

Daniel in the Lion's Den [AdAge]
The American Family Association keeps up pressure on NBC for Book of Daniel, whose main character is a drug-addicted priest with an alcoholic wife, a gay son, a daughter caught selling drugs, an adopted son having sex with a bishop's daughter and a lesbian
secretary.

Cable News Knows Only Emotion [HuffPo]
Waas: Being outraged after the fact is not the same as journalists doing their jobs.

U.S. Curbs Soldiers' Blogs [Newsday]
A military spokesman says blogs written by troops in Iraq offer too much information for "the bad guys."

Long-Time Nick Prez Leaves Viacom [MarketWatch]
Herb Scannell, who has led Nickelodeon since its early days, says he's leaving the kids' channel's parent company to pursue other opportunities.

Nelson Promoted at People [NYT]
Martha Nelson, managing editor of People magazine, will take over as editor of the People Group, which includes People.com, Teen People and People en Español.

CMO Mag Winds Down [AdAge]
The 15-month title aimed at marketing executives says it just couldn't compete.

Ebony's Fading Glamour [WaPo]
The magazine's nationwide fashion show takes to the runways for its 49th year, showing all the signs of its age.

Will Telenovelas Cross Over? [NYT]
ABC and CBS say they're considering creating English-language versions of the racy Latin American soap format.

Climate Change at the Weather Channel [AdAge]
The cable network is hoping to turn itself into a
prime-time destination channel.

Chicago Defender Turns Profitable [E&P]
The metro daily has had a volatile year, but exec ed Roland Martin says he just keeps "preaching patience" to his staff.

Ethiopian Journos Detained [VOA]
Arrests follow month of unrest after disputed election. The U.S. has called for their release.

—John Ghazvinian