Hollinger to Dump Canadian Assets [E&P]
The world's third-largest English-language newspaper chain exits its native Canada in a U.S. $104 million deal.

Hard Times Spin Globe [Boston Phoenix]
The Globe had fallen victim to the classic ills of the modern media world: cuts dictated by the out-of-town conglomerate that owns one of Boston's distinguishing institutions at a time when the newspaper business is hemorrhaging jobs, circulation, and self-confidence, and everything from Knight Ridder's empire to Pat Purcell's Boston Herald is up for grabs.

Martha Stewart Plans New Mag [NYT]
Blueprint will be aimed at "modern, multitasking" women between 25 and 45, and is expected to debut in August.

Redstone Covets CNN [B&C]
Viacom/CBS Chairman Sumner Redstone tells an audience: "Call Dick [Parsons, head of TimeWarner], tell him I want to buy CNN."

Couric Denies CBS Rumors [NYDN]
"My contract is not up till May, and I can't even negotiate until then," says the Today show host. Although she does admit that that Bob Schieffer is "such a lovely man."

New ABC News Team 'Yet to Make Its Mark' [Slate]
Dana Stevens: So far, Woodruff and Vargas have come off as smooth, professional, and bland, indistinguishable from countless good-looking talking heads on the cable news channels.

RandomHouse's Million Little Refunds [WaPo]
The publishing giant says anyone who bought James Frey's drug and alcohol memoir can have their money back. Gawker: Not so fast on those refunds, pal.

Zannino Shakes Up Dow Jones [Fortune]
The new CEO promises big changes, including a smaller WSJ with "fewer jumps."

$10 Million Losses at Inc. and Fast Company [BusinessWeek]
CEO John Koten outlines the depth of the loss in a frank memo to employees.

ABC's Martin to NPR [WaPo]
ABC News reporter Michel Martin will host a new afternoon-drive-time show that will focus "on stories of importance to African Americans."

Eisner Cashes In [NYT]
The former Disney CEO collected over $10 million from the company in 2005, despite leaving in October. LAT: Shareholder reaction is "largely subdued."

Sony Launches Gay Music Label [LAT]
The music giant launches "Music with a Twist," the first major label to be dedicated to nurturing LGBT artists.

Reality TV, Iraqi Style [Guardian]
Iraq's new TV landscape includes a show in which people whose homes have been bombed look for a new place to live, and even a version of pop idol, called Iraq Star.

Big Media Find Religion [CNNMoney.com]
Following successes with The DaVinci Code, The Chronicles of Narnia, and Mel Gibson's Passion, media companies are coming to terms with a simple fact: God sells.

NY1's Everyman [NYO]
Reporter Roger Clark, known for his oaf-like modesty, is developing a loyal fan base among viewers of the New York cable news channel.

The 'Anderson Effect': Newsmen Go Gray [NYDN]
CNN anchor Anderson Cooper's prematurely gray look is creating a trend among newsreaders.

SmartMoney Names Dahl EIC [SmartMoney]
Jonathan Dahl replaces Ed Finn at helm of Dow Jones-Hearst joint publication.

Bloomsbury Has Money to Burn [Guardian]
The British book publisher behind the Harry Potter phenomenon may have to return its $85 million cash pile to shareholders if it does not find an acquisition target.

Programming Note: Golf Coverage [NYT]
The PGA Tour announced new television agreements yesterday that will provide more tournaments for CBS and NBC and shift all of its cable arrangements to the Golf Channel.

New TV Guide Boosts Circ [Crain's NY]
Sales have spiked 38 percent since the October redesign.

Brazil's Black Network Raises Tough Questions [LAT]
TV da Gente, billed as Brazil's first television station aimed at black audiences, has been called "racist."

Redskins Boss Buys Radio Stations [WaPo]
Washington Redskins owner Daniel Snyder is nearing the purchase of three area radio stations as part of a broader plan to expand his media holdings.