• Newsweek is planning to cut staff as well as give the mag a makeover. [WSJ]
• NPR is cutting 7 percent of its staff and dropping two shows. [NYT]
• Ad spending fell 2 percent during the third quarter, although online advertising continued to grow. [Adage]
• Les Moonves isn't too worried about Jay Leno's move to primetime. [NYP]
• Rumor has it Entertainment Weekly may go web-only. [Gawker]
• Reed Elsevier, which has been trying to sell trade titles like Variety and Publishers Weekly, is pulling them off the market. [NYP]
• Golden Globe nominations were announced this morning. [HFPA]