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Dow Jones Board to Take Over News Corp. Negotiations (AP)
Dow Jones & Co. Inc. said on Wednesday its board will take over negotiations related to a $5 billion takeover offer from Rupert Murdoch's News Corp., a move that could bring a quicker resolution to the talks. The decision follows several weeks of discussions within Dow Jones' controlling Bancroft family that have failed to bridge a rift over whether to accept Murdoch's offer. NYT: Few choices for workers at Dow Jones. LAT: Murdoch's odds of landing Dow Jones & Co. increased substantially Wednesday. AP: MySpace founder in bid for Dow Jones. Variety: Murdoch's moves hard to read. BusinessWeek: Yesterday's development opens up a new, Delicious Dramatic Possibility in the whole Dow Jones sale saga, writes Jon Fine.

Price May Not Be Right for Rosie (FoxNews)
Roger Friedman: O'Donnell has issues that could scotch the entire set up. They are: she lives in New York, the show is shot in Los Angeles and the twain just don't meet. Rosie, I am told, simply is not moving west. And the show isn't coming east. So what to do? It's not going to be about money, either, since Rosie is wealthier than ever. She turned down $10 million a year from The View, after all. NYT: Rosie O'Donnell's miniature Web videos, which seem to be nothing but the ramblings of an old comic who won't be funny unless she's being paid, are so watchable, writes Virginia Heffernan.

TMZ Headed to Court Over OJ Book Leak (WaPo)
Lawyers for the family of Ron Goldman and a bankruptcy trustee say the celebrity gossip Internet site TMZ.com should be held in contempt for posting a manuscript of O.J. Simpson's book If I Did It. The Web site and its lawyer contend that the company did nothing wrong and that the manuscript was posted only briefly, though excerpts remained on the site Wednesday afternoon.

Lawsuit vs. CNN, Grace Goes to Court (AP)
A judge has ruled that a wrongful death lawsuit claiming that CNN's Nancy Grace pushed the mother of a missing toddler to suicide through aggressive questioning on her show will be tried in federal court. U.S. Magistrate Judge Gary R. Jones ruled Monday that federal court would handle the lawsuit filed by Melinda Duckett's relatives because the involved parties are from different jurisdictions.

NYT Will Raise Price (NYT)
The increases will produce an additional $7 million to $8 million in revenue this year and $14 million to $16 million a year after that, the chief executive, Janet L. Robinson, said at a conference sponsored by the Newspaper Association of America.

LonelyGirl15 Partners With Neutrogena (Variety)
In an unusual promotional partnership, Neutrogena has inked a deal with the producers of the popular Web series to help market "Lonelygirl15" — with one of the company's young scientists to join the cast. Financial terms of the two-month deal were not disclosed, but the move is the latest sign of how marketers are increasingly moving more of their traditional ad dollars online.

Writer Albert Defends JT Leroy (WaPo)
If they ever make a movie of the life of Laura Albert — and for reasons we'll get to, that now seems unlikely — the scene Wednesday in a Manhattan courtroom would make a killer denouement. The troubled and struggling writer-turned-literary-hoax-maestro took the stand in a civil trial where she had come to defend her infamous creation: JT LeRoy.

Bloomberg to Boost Reporting Team (FT)
Bloomberg, the privately owned news and information company, will expand its 2,300-strong news operation by more than 10 percent this year as news plays a growing role in the content on the electronic system. The plans to add at least 240 more reporters in 2007 shed light on Bloomberg's strategy for maintaining an edge over rivals Reuters and Thomson, which have agreed to merge.

CBS Upfront Closes at $2.5 Billion (AdAge)
CBS closed its upfront business today with a package worth $2.5 billion, boasting the highest volume of inventory for a second consecutive year and a more than 5 percent increase from its 2006 total. ABC was the second network to wrap upfront business this week after Fox closed yesterday with deals worth a total of $1.9 billion, a 5 percent increase from its total last year. ABC finished with $2.4 billion.

Lawyer: Conrad Black Is Stubborn, Innocent (Reuters)
Conrad Black is a stubborn but innocent man, the victim of manipulative, over-reaching government prosecutors and shareholders who wanted to break up his publishing company, a lawyer for the former media mogul told jurors at his criminal fraud trial on Wednesday.

Vogue Living Lives On (WWD)
Vogue will publish a second edition of the magazine in October even though the first version left many media watchers underwhelmed. And for those who can't get enough interiors in a 200-page magazine, there's also a coffee table tome coming called Vogue Living: Houses, Gardens, People that can be had for $75.

Problems for Perez Hilton (Variety)
In what may be the first hit against bloggerazzi star Perez Hilton's empire, his main webhost has dropped Perezhilton.com. After numerous warnings against Hilton's (aka Mario Lavandeira) use of copyrighted celebrity images, the Australia-based Crucial Paradigm took the site off line; it was dark for a number of hours before it returned to the Internet with a different host.

Papers Hope Glossies Reflect Well on Them (PR Week)
Once upon a time, glossy magazines that came enclosed in weekend newspapers fell either into the category of fluff (like Parade, for example), or weighty long-form journalism that complemented the paper itself (like the New York Times Magazine). But those days may be permanently fading away as major U.S. papers look to take ownership of a broader array of magazine categories.

Small Presses Like McSweeney's Struggle to Survive (Salon)
McSweeney's is far from the only publisher that's taken a hit lately: As a result of the bankruptcy of Advanced Marketing Services, either directly or indirectly, small publishers Soft Skull, Hugh Lauter Levin and Inner Ocean have been acquired by larger publishers, and Carroll & Graf and Thunder's Mouth, two Avalon Publishing Group imprints, have folded.

NBC's The Office Gets a ... Video Game? (Hollywood Reporter)
Developed and published exclusively by MumboJumbo, The Office game will debut in the fall as a PC game sold at retail and available as an online digital download. Next year, the plan is to create additional games based on The Office license beginning with portable experiences for the Nintendo DS and PlayStation Portable.