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Twitter's Stone Says Selling Company Is Not an Option (Bloomberg)
Twitter isn't for sale and may eventually be taken public, co-founder Biz Stone said. Selling the company is "not an option," Stone said in an interview in Oxford, England. "An IPO may be an option at some point of time, who knows."

Time Inc.'s Squires Assembles Team of Rivals to Harness Digital Media (NYO)
Some of the magazine industry's biggest names are on the verge of forming a new company that would allow them to take the digital future into their own hands. Departing Time Inc. EVP John Squires would be the interim executive of the company, which would make up an alliance among rival publishers Time Inc., Condé Nast and Hearst -- houses that together publish more than 50 magazines.

BNO News to Launch Wire Service, Signs MSNBC.com (WebNewser)
Breaking news service BNO News, primarily known for its @BreakingNews Twitter account that has more than 1.4 million followers, has announced it will launch a paid-subscription newswire in early January. Called BNO News Wire, the international service will target news media organizations as subscribers.

NPR's Carl Kasell Leaving Newscasts (NPR)
Carl Kasell, who has been on the air with NPR since 1975 and has brought listeners the news of joyous events such as the fall of the Berlin Wall in 1989 and tragedies such as the Sept. 11 attacks in 2001, is planning to give his final newscast on Dec. 30. FishbowlDC: NPR internal memo.

12 Journalists Killed in Philippines Massacre (Guardian)
Twelve journalists were among 46 people murdered yesterday in the Philippines in what is thought to be the greatest loss of life by news media in a single day. Several of the victims were beheaded or mutilated in the massacre carried out by a huge force of gunmen.

Volunteers Log Off as Wikipedia Ages (WSJ)
Wikipedia.org is the fifth-most-popular Web site in the world, with roughly 325 million monthly visitors. But unprecedented numbers of the millions of online volunteers who write, edit and police it are quitting.

Dobbs: 2012 Presidential Run Not 'Crazy' (Politico)
Watch your back, Glenn Beck. Ex-CNNer Lou Dobbs told WTOP yesterday morning that he feels "liberated and emancipated" since leaving the network -- and he's not ruling out the possibility of running for president in 2012. TVNewser: Dobbs staffers looking to stay with CNN need to re-apply.

Adam Lambert's AMA Performance Sparks Complaints (AdAge)
ABC has fielded some angry calls about the performance by recent American Idol Adam Lambert during the American Music Awards Sunday night. ABC said it received approximately 1,500 complaints after Lambert kissed a male dancer on the mouth, and simulated oral sex with another male dancer. Variety: AMAs scores big for ABC in ratings race.

Murdoch and Microsoft: The Unlikeliest Freedom Fighters (The Daily Beast)
Douglas Rushkoff: Discussions between Microsoft and Rupert Murdoch's News Corp. for a structure where Bing would pay for exclusive rights to News Corp. content has proven instantly upsetting to the self-appointed defenders of a "free" Internet. The simple reason: it might just work. BusinessWeek: Douglas MacMillan thinks confining content from News Corp. publications to Bing will do more to hurt Rupert Murdoch than Google. AdAge: All of Rupert Murdoch's recent agitation and exploration are at least pushing one fact back to the fore: Web traffic only gets publishers so far in their quest for digital ad dollars.

Google, TiVo Ink Measurement Deal (Mediaweek)
Google has signed a license agreement with DVR company TiVo that enables the Internet search provider to integrate TiVo set-top-box viewing data into its measurement of audiences for ads sold through the Google TV Ads platform.

Fox News Management Fed Up With Mistakes (FishbowlDC)
After a few footage mishaps at Fox News, the higher ups at the network have had enough. In an email, FNC management alerted the newsroom that those involved in future "mistake chains" will receive "warning letters to personnel files, suspensions, and other possible actions up to and including termination."

Playboy Farms Out Business Duties (WSJ)
Playboy Enterprises Inc. has agreed to outsource most of the business operations of its namesake magazine, as it seeks to stem losses and restore the cachet that helped embed the brand in the popular culture. P6: Hollywood madam reveals Playboy links.

NYC Publication City Limits Sold (Crain's New York Business)
The Community Service Society of New York -- a 160-year old advocate for the city's poor -- has agreed to purchase the investigative public policy journal City Limits from City Futures Inc. for about $200,000. The group will immediately invest an additional $1 million in the publication.

What It Will Take for Paid Content to Work (The Wrap)
Dylan Stableford: How do we get people to pay for their news on the Web? What was once a desperate mirage now shows the hard outlines of a plan as News Corp., Journalism Online and Time Inc. all look to paid content strategies. Here's a look at the stations of the cross on the path to paid content.

L.A. Times Updates Social Media Rules for Journos (E&P)
Updated guidelines for Los Angeles Times newsroom employees using social media emphasize that just about anything posted online will be viewed as reflecting on the newspaper's credibility and reputation.