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Announcement On 'Gunga Dan' Expected Today (Hollywood Reporter)
CBS is expected to announce today that former CBS Evening News anchor Dan Rather will leave the company after 44 years at the network. Rather's contract runs through November but he is expected to leave the network immediately to pursue other opportunities. Forbes: Officials at CBS News have reportedly been anxious to have Rather leave the building before the arrival this summer of new anchor Katie Couric.

Body of Publisher Philip Merrill Recovered in Chesapeake Bay (Baltimore Sun)
A search for Merrill — the Annapolis-area publisher, philanthropist and former diplomat who disappeared while sailing on the Chesapeake Bay on June 10 — ended when a boater who was not part of the recovery effort found the body floating near a shipping channel southwest of Poplar Island.

Prosecutors: Lying Is the New Black — And the Old Black (NYP)
Federal prosecutors say disgraced media baron Conrad Black, who is scheduled for trial next March on charges that he looted newspaper giant Hollinger of millions, should have his bail revoked because he lied to the government about his assets and failed to make a mortgage payment on his mansion.

BBC America Chief Steps Down (Guardian)
The chief executive of the BBC's American entertainment channel, BBC America, has quit after just two years in the role. Bill Hilary, who previously worked at Comedy Central, will leave to take up the role of head of entertainment at media negotiation firm Magna Global.

Washington Post Outfitting Print Reporters With Digital Video Cameras (Washingtonian)
Harry Jaffe: The paper is shipping digital video cameras to its bureaus, and Post reporters are now expected to report in multimedia. Video from around the world shot by writers is starting to show up on the paper's site, and most Post Metro bureaus have at least one digital video camera.

Tribune CEO Facing Public Criticism (LAT)
Critics say that Dennis J. FitzSimons, the chairman and chief executive of Tribune Co. can be self-confident to the point of arrogance and touchy about being challenged. Some doubt his strategic vision and, as the first Tribune chief to rise through the broadcast division, his "feel" for newspapers.

MySpace Targets Expansion in Europe, Asia (FT)
Chris DeWolfe, co-founder and chief executive of MySpace, said yesterday that he had earmarked 11 countries for its international expansion, among them France and Germany, and was looking at China and India over the longer term.

Low-Key Mogul Perenchio Ready to Sell Univision (LAT)
Mercurial 75-year-old A. Jerrold Perenchio is poised for his biggest payday yet. With bids due today, Wall Street analysts say his company, whose television ratings among younger viewers often rival those of ABC, CBS and NBC, could fetch as much as $13 billion. NYP: Conflict weighed in bid for Univision.

Who Knows What Feelings Lurk in the Hearts of Men? Zinczenko Knows! (WWD)
Editing a men's magazine is a pretty good way to learn what makes men tick. But what's one to do with this valuable knowledge? And who might be willing to pay for it? Why, women, of course. Hence Men, Love & Sex: The Complete User's Guide for Women, by Men's Health EIC David Zinczenko.

Connie Chung Goes Cabaret for Last Episode of Weekends With Maury & Connie (NYT)
Those who caught a glimpse over the weekend — either on television, or later on the Internet — of the torch song that Connie Chung warbled to mark the end of her short-lived program with Maury Povich on MSNBC, take note: She says she meant her performance to be a gag. YouTube: See video clip of Chung allegedly channeling Marilyn Monroe.

187 Ways to Rock Your Chador and Make Him Beg for More (WSJ)
Elle's new Middle East edition hopes to tap into the region's riches by mixing glossy photos with dressing advice tailored for readers who veil themselves in public, but in private, wear elegant, fashionable and often-revealing attire.

Times Editors Knew of Glueck's Board Seat (NY Sun)
Freelance New York Times art critic Grace Glueck, who resigned from the Clark Art Institute's board of trustees last week, had informed her editors of her role at the museum in 1995. The editors at the time decided the situation did not pose a problem as long as Glueck did not write about the Clark.

New Network To Sell TV Ad Time Via Online 'Shopping Cart' (Mediapost)
In a move that is likely to win favor from advertisers seeking to develop an open market structure for buying media, media entrepreneur Frank Maggio this week will unveil a new system for buying TV ad time on his new ReacTV channel that utilizes an approach akin to Amazon.com.

Public Television Pioneer Bill Lamb Dies (NYT)
In 1962, when a group of philanthropists and business leaders took over what had been a commercial station showing mostly cartoons and westerns, Lamb was a member of a small team of executives recruited to transform it into a nonprofit educational channel.

New ABC Anchor Charlie Gibson Ready for the Challenge (WaPo)
In his new role, Gibson makes no secret that he is interested in Washington and foreign news and cool to softer features. He is well aware that viewers have been deserting the once-dominant network newscasts for two decades, but believes that they remain a formidable force.

Media Over-Hyping 'Pharm Parties'? (Slate)
Jack Shafer: It goes without saying that pharm parties may be very real and very everywhere. It's a big country. But it looks to me like pharm party is just a new label the drug-abuse industrial complex has adopted to describe the decades-old tradition of pill parties.