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Times Co. to Cut 500 Jobs (NYT)
The New York Times Co. announced yesterday that it would cut its work force by 500 employees, including 45 in the paper's newsroom and 35 in the newsroom of The Boston Globe. E&P: The company said it "plans to begin the staff reductions in October and implement them over the course of the next six to nine months."

Memorial for Jennings (NYT)
Peter Jennings, the ABC News anchor who died last month, was recalled as a devoted father, hard-driving journalist and a man who befriended homeless people, during a service at Carnegie Hall. Lowdown: For one brief, shining moment yesterday, Peter Jennings was very much alive again, writes Lloyd Grove. WaPo: Guests ranged from Royal Canadian Mounties to Yo-Yo Ma, from Bob Schieffer and Brian Williams to Jon Stewart and Alan Alda.

Former Sun-Times Publisher Pleads Guilty to Fraud (Chicago Sun-Times)
David Radler pleaded guilty Tuesday to a charge that he participated in a scheme to wrongfully divert $32 million in funds from Hollinger International, the newspaper's parent company. NYP: Former Hollinger Chairman Conrad Black was never mentioned by name in the 33-page plea agreement.

Philly Newspapers to Cut 100 Jobs (AP via Yahoo!)
The Philadelphia Inquirer and its sister newspaper, the Daily News, will cut a combined 100 newsroom jobs through buyouts, and potentially through layoffs, citing decreased circulation and revenue.

EU: Media Must Use Our Propaganda, Not the Terrorists' (Guardian)
Europe's media should draw up a code of conduct to ensure that newspapers, television stations and the internet do not act as propagandists for terrorists, the European commission will say today.

Britney May Get $2M From OK! for Baby Pics (Radar)
West coast paparazzi have been on high alert since Britney Spears gave birth last week. "There's a million-dollar bounty on that baby's head," says one veteran snapper. "Everyone wants that shot."

Pecker Pinching Pennies (NYP)
American Media CEO David Pecker is planning to reduce costs by cutting back the total number of pages in the National Enquirer to 60 pages in advance of a board meeting with investors. [Second item.]

Bush's War on Porn: Where Are the WMDs? (WaPo)
A new FBI squad will divert eight agents, a supervisor and assorted support staff to gather evidence against "manufacturers and purveyors" of pornography that depicts, and is marketed to, consenting adults. Slate: Is porn ruining sex?

Teen People West Coast Editor Moves On (WWD)
Lauren Tabach-Bank is leaving to become West Coast bureau chief of Celebrity Living, Star's sister publication. She replaces Mary Ann Norbom.

Mockin' in the Free World (E&P)
Famed rocker Neil Young called an article about his organization, Farm Aid, in the Chicago Tribune "the sickest piece of journalism I've ever seen."

Herwitz Exiting Fox Television Group (Mediaweek)
After 20 years with the Fox Television Group, Tom Herwitz told his staff Tuesday he is stepping down as president of operations for the 35-station group.

China Cracks Down on Foreign Media (LAT)
Officials say they want to "safeguard national cultural security." But some believe that restrictions are aimed at keeping advertising revenue in the state-controlled and domestic media enterprises.

The Sporting News, Holiday Inn to Open Themed Restaurants (AP via The Wichita Eagle)
The Sporting News Grill restaurants at all 91 Holiday Inn Select hotels will be part of a "Gen-X" concept for franchisees, and will open around the country starting early next year.

Hermes President Apologizes to Oprah On-Air (AFP via Yahoo!)
The tabloid war between Oprah Winfrey and French luxury retailer Hermes International ended in a decisive victory for the talk show host when the company's president of U.S. operations apologized.

Is Campell the Next Katie? (USNWR)
Today, Weekend Edition co-anchor Campbell Brown's gutsy and heartfelt reports on the aftermath of Hurricane Katrina cemented her position as NBC's top choice to replace Katie Couric.

An Assault on the Idea of Biography (NY Sun)
Carl Rollyson: Biography is a genre generated out of the peculiar politics of family relationships and literary history—often a fraught and fractured legacy.

Haines Takes Top Travel Honors (Society of American Travel Writers)
The Boston Globe's Tom Haines won top honors and was described by judges as "the thinking man's travel writer, a journalist who seeks to find larger meaning in the details of place and time."

The Media's Caste System (VV)
Syd Schanberg: The national press pretends that important stories uncovered by regional papers or alternative papers don't exist, except when the biggies deign to cannibalize them.

Debunking Myths About the Newspaper Biz (Grade the News)
Lou Alexander: Three prominent misconceptions about newspapers are that they could serve the public better by cutting their profit expectations, they have a bright future, and that their quality, and journalists' morale, are falling.

Times' Bogus Trendspotting (Slate)
Jack Shafer: When a reporter pours a whole jug of weasel-words into a piece, as Louise Story does, she needlessly exposes one of the trade's best-kept secrets for all to see. She deserves a week in the stockades.

—David S. Hirschman

IN YESTERDAY'S MB BLOGS:

Remembering Peter: Who's Who Of TV News Gathers For Memorial Service [TVNewser]
The memorial service for Peter Jennings concluded around 1pm at Carnegie Hall, ten blocks from the former World News Tonight anchor's newsroom in Manhattan. Outside, boldface names lined up single-file to enter the hall, as gawkers shouted asides like "look, there's Andy Rooney!" A veritable who's who of television news filled the rows by 11am.

Black Tuesday [FishbowlDC]
Coming just hours after the Philadelphia Inquirer and the Daily News announced massive cuts, the New York Times Company has announced that it will cut 500 positions, including 160 (35 in the newsroom) at the group that runs the Boston Globe and 45 NYT newsroom jobs.

The NYT: Opting Back In to the OptOut Revolution [FishbowlNY]
Today's top spot on MEL is owned by an article on high-powered female students at elite Ivy League schools who plan to choose motherhood over careers when the time comes (because college kids are often very very right about how the future is going to play out). It's an interesting trend that rings more than a faint bell -- mostly because two years ago, the NYT Magazine ran a cover story on the very same subject: "The Opt-Out Revolution" by "Life's Work" columnist Lisa
Belkin.

Movie-bashing at the Emmys [FishbowlLA]
Yes, the ratings were strong and the chocolate free-flowing, but what really seems interesting to note as a barometer-of-cultural-significance is how willing-- eager, even-- attendees were willing to diss the movie industry.

In other news, Jenna Jameson's book will just have a naked picture of her on the cover [GalleyCat]
I admit that I was one of those poor saps who wandered over to the "new paperbacks" section and saw this cut-out image and wondered what book this was.

BREAKING! Julie Taraska: I'm Out, Suckas [UnBeige]
We read our monthly Metropolis Magazine newsletter cover to cover or headline to byline, but were stopped in our tracks today with the sign-off note from metropolismag.com's editor, Julie Taraska.

NetWerk [mbToolbox]
About Freelance Writing has a few examples of how writers can better network. Networking can be a daunting idea to new writers. How exactly does one do it? It seems schmoozy, fake, complicated.