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Koppel to Bow Out Tonight (NYT)
Alessandra Stanley: His choice for a valedictory broadcast is not a video scrapbook crammed with slow-motion clips and misty testimonials from world leaders. Instead, Mr. Koppel cunningly devotes his last half-hour on ABC News to someone else's last act. NYDN: David Hinkley on how Koppel shaped cable. AP via USAT: New Nightline mixes old with new. Knight Ridder via Boston Globe: Koppel's departure may signal the end of serious, long-form journalism in late-night broadcast television. B&C: Nightline's new slogan will be "Nowhere Else."

Craig's List Founder to Target Journalism (Guardian)
Craig Newmark, who has already revolutionized classified advertising with his website, will launch a major online journalism project within three months that he says will copy his "wisdom of the masses" approach to advertising and apply it to journalism.

So It's Not Condi... (E&P)
Appearing on Larry King's CNN show, the Washington Post's Bob Woodward vigorously defended his conduct, and on at least one occasion called his still-unknown source "he" instead of "the source." NYT: Woodward sees no conspiracy in the leak case.

Internet Ad Sales Continue Steep Ascent (AP via LAT)
The $3.1 billion for the third quarter of 2005 was a 34 percent jump from the same period a year earlier. The previous record was just under $3 billion in the second quarter; online ad revenue breaks records most quarters.

NBC Universal Shutting Down Trio Network (AP via Miami Herald)
Perhaps best known for show-business documentaries and its Brilliant, But Cancelled series resurrecting short-lived TV shows, the cable network will sign off at the end of the year.

Drudge Ignores X-Planation [TVNewser]
CNN explained the technical glitch that resulted in an X over Cheney's face, but Drudge forgets to mention it.

Hollinger Clears Way for New Board (Chicago Sun-Times)
Frustrated shareholders of Hollinger International—which owns the Chicago Sun-Times—succeeded in changing the board of directors. Now, some might push the company to put itself up for sale.

Longtime Time Correspondent Hugh Sidey Dies (Washington Post)
Sidey served as Time's White House correspondent, its Washington bureau chief, and wrote The Presidency column from 1966 to 1996. He was a contributing editor to the newsweekly at the time of his death.

Slight Gain in Mag Ad Pages (MIN)
MIN's exclusive analysis of monthly magazines' ad pages finds a marginal year-end gain despite the Katrina fears that has helped slow automotive spending. Also (low in column), the inside scoop on Kent Brownridge's departure from Wenner.

Decoding the Digital Divide (Ad Age)
Simon Dumenco: Welcome to the bright and shiny future of bewildering, totally inconsistent, piecemeal digital-content delivery! To help you sort through the myriad options, I've assembled this Frequently Asked Questions guide.

As Newspapers Shrink, a Blog Hires Reporters (NY Sun)
The proprietor of TalkingPointsMemo.com, Joshua Marshall, is seeking two journalists to work for a new blog that will offer "wall-to-wall coverage of corruption, self-dealing, and betrayals of the public trust in today's Washington."

Reporter and Editor Ben Franklin Dies (NYT)
A longtime reporter in the Washington bureau of The New York Times, Franklin reported for many years on the Middle Atlantic States. Later he edited The Washington Spectator, a twice-monthly political newsletter.

Mags Asking the Tough Questions? (WaPo)
Peter Carlson: Glance at a newsstand and you'll see so many magazine covers asking so many scintillating questions that you despair, knowing you'll never have the time to learn all the answers. But we've taken the time to do it for you.

Tierney's Conspiracy Theory (E&P)
John Tierney, the New York Times columnist, says indoctrination or discrimination starts in j-school—and conservatives soon give up on joining, or trusting, the media. But does he have any facts to support this charge?

Shafer Foresees Google Implosion (Slate)
Jack Shafer: The young company that arrogantly thought it owned the Internet soon learned that its only assets were tens of thousands of computers, terabytes of hard-disk storage, a terrific page-rank algorithm that coughed up pretty accurate searches, billions in the bank, and a dandy logo.

Plame Case a Black Mark on Media (Boston Globe)
Joan Vennochi: The case against Scooter Libby is up in the air, but the case against the press is solid. Plamegate is revealing uncomfortable truths about the media.

Venezuelan Network Doesn't Bow to Chavez, Yet (CSM)
In Telesur's first month of live broadcasting, the fledgling pan-Latin American television network—founded by Venezuelan President Hugo Chávez and majority owned by Venezuela—is seeking to demonstrate its professionalism and impartiality.

Longtime Arizona Newsman Paul Schatt Dies (Arizona Republic)
The affable news veteran known for his ironic humor and hearty laugh had been at The Republic since 1962. His tenure included stints as city hall reporter, columnist, city editor and editorial page editor.

—David S. Hirschman

IN YESTERDAY'S MB BLOGS:

Drudge Delighted By CNN Glitch [TVNewser]
The same minute Drudge spoke on FNC, CNN DID give an explanation.

Woodward Update (with LKL Drinking Game) [FishbowlDC]
Drinking game for tonight's Larry King Live (after all, Woodward's a slow talker, so you might need a distraction)...

Gentlemen, start your televisions... [FishbowlLA]
Around 18 months from now, Netflix will be remembered as the Pet Rock of this decade.

Alessandra Stanely: At this point, she must be just seeing how far she can go [FishbowlNY]
Can it be possible that Alessandra Stanley has another error in another column?

50 Cent deal; 1 dollar followup [Galleycat]
Oddly, it never occurred to Gawker to ask Gerald for comment, so I got in touch with him by phone to get his side of the story.

We Love Schadenfreude [Unbeige]
Which is why we love Pitchfork Media's feature on The Worst Record Covers of All Time.

All You Need to Know About Agents—For Now [MBToolbox]
Having an agent does not a successful writer make...