Guy who told Murdoch to buy MySpace quits. [Guardian]
Private equity firms love them some media conglomerates. Latest example: ClearChannel, the company that has spent the last decade making sure radio sucks, which was snapped up for a kajillion dollars yesterday. [NYT]
Energetic new media entrepreneur out at AOL. [Valleywag]
WSJ employees will not be allowed to wear shorts no matter how much they piss and moan about it. [NYP]
Those who aren't getting fired by NBC are leaving voluntarily. [NYT]