• David Pecker's magazine conglomerate, AMI, may be turned over creditors. [NYP]
  • The merger of XM and Sirius is, like, this close to receiving FCC approval. [NYT]
  • Advertising revenue at the New York Times Co. dropped 10 percent and second-quarter earnings slipped 82 percent. [WSJ]
  • Daily Candy will not be sold for $75 million. Bob Pittman isn't taking anything less than $100 million, thanks. [SAI]