♦ Time Inc. is slashing another 250 jobs. [NYP]
♦ CNN is spending a fortune on fancy-shmancy technology and new talent, but it's making a mint, too: The network is recording double-digit profit growth for the fifth straight year. [NYO]
♦ Dan Abrams is starting some sort of research firm/expert network/PR agency now that he's been replaced by Rachel Maddow at MSNBC. His first client is Ron Perelman. [NYT]
♦ 60 Minutes has been the most-watched program in the nation for the last two weeks, believe it or not. [NYT]

♦ PC Magazine is dropping its print edition and going all-digital. [AdAge]
♦ ESPN has cancelled its holiday party. [TheBigLead]
♦ A roundup of contenders to take over the top job at Yahoo! [SAI]
♦ Saul Hansell on what Yahoo! needs in a CEO: "Yahoo doesn't need a chief executive so much as an editor in chief. And I mean the sort of imperial editor who has a vision of how to create an environment that lures in both readers and advertisers, like Tina Brown, Clay Felker or Adam Moss." [NYT]
♦ Speaking of Tina Brown, the Brit editor celebrated the launch of The Daily Beast last night with mini-burgers and hot dogs at Pop Burger, a slightly less glam venue compared to the Talk party back in 1999. [Gawker]