Heads have begun to roll at US-based newswire service the Associated Press, as the agency attempts to cut its costs by 10%.
Media death watch
National newspapers fall off a cliff, bury news
Australian newspaper buyers have punished the national papers, The Australian Financial Review and The Australian in the latest audit period, but basically spared the rod on their state-based competitors.
leaked 
The axe is about to fall at Newsweek
Politico has its hands on an internal memo from Newsweek editor, Jon Meacham, informing staff that about a dozen job are about to be cut.
Why you should never piss-off a sub-editor
Newspaper The Toronto Star recently announced it would be outsourcing some of its sub-editing work. So the paper’s disgruntled subbies have taken a red pen to the publisher’s internal memo announcing the move, proving exactly why they’re needed.
The Time Inc. carnage begins
Forced to cut $100m in expenditure, publisher Time has begun trimming the fat, announcing layoffs at Sports Illustrated and the closure of Fortune Small Business. And this is just round one: 280 layoffs are expected in total.
The last days of Gourmet
The former associate art director of the now-defunct Gourmet magazine has put up this online photo gallery to document the final days in the publication’s now-empty offices. How thoroughly depressing.
Why a Tory victory is just what Rupert wants
If the Conservative Party gain power in the UK, they will “rip up” the BBC’s royal charter, deregulating the TV industry to improve the market for commercial operators, according to the party’s shadow culture secretary.
Will Wired survive the Condé carnage?
Gawker assesses the shaky future of tech-bible Wired. Faced with sinking ad sales, major staff cuts and losses, and at the mercy of an ailing publisher, how much longer can the mag and its website cling on?
Cost-cutting carnage at Condé Nast: four mags to fold
Publisher Condé Nast (GQ, Vogue, Vanity Fair) is trimming the fat of bloated magazine empire, and the first victims are Cookie, Modern Bride, Elegant Bride and, most notably, foodie bible Gourmet. The latter’s closure has been labeled “an American tragedy”. But is this really the end?
Great moments in journalism: America’s Next Top Pundit
The Washington Post is running a contest to find “America’s Next Great Pundit”. Contestants will face-off in a series of challenges, judged by Post staff, and readers will vote on who wins a coveted byline with the paper. No matter who wins, journalism is the loser.
Conde Nast tightens its (hand-made, designer, anaconda leather) belt
Publisher Conde Nast (GQ, Vogue, Vanity Fair) is well known for its culture of extravagance and indulgence — but even Anna Wintour isn’t immune to the media downturn, and the time has come to cut some costs. Can Conde keep the class without chauffeurs and caviar?
Content isn’t king, growth isn’t always good: busting the media’s big myths
Newsflash, media moguls: your problems started well before the internet, say the authors of new book The Curse of the Mogul. A look at four big misconceptions that have been hurting the media industry far longer than the web.
Far Eastern Economic Review to close
Publisher Dow Jones is canning its excellent Far Eastern Economic Review journal after 63 years. Although now a skeleton of its former self, the publication will leave a large hole in the pan-Asian press industry, which can hopefully be filled by the WSJ Asia.
