• More cuts are coming at Time Inc., according to David Carr. [NYT]
• Time Warner picks Google search over Microsoft for AOL, and sells the the search company a 5 percent stake in AOL — which means Parsons ain't selling off the whole thing. [NYT]
• The Times gets it from two sides on wiretapping story: Some media folks don't like the paper held the story for so long, while Bush doesn't like that the paper pointed out he's spying on citizens. [USAT]
• Jon Friedman thinks the new Nightline sucks. [MW]
• Media Guy Simon Dumenco looks back at the 10 big media-news stories of 2005 — nearly all of them bad for the biz — and realizes where it'll all end: Google Hunting and Gathering. [Ad Age]