• CBS reports that profits plunged 52 percent last quarter. [Variety]
• The editor of the Post is defending the chimp cartoon in yesterday's paper; meanwhile, Al Sharpton led a protest outside News Corp. today. [E&P, WCBS]
• Despite the horrible reviews, the second-season premiere of Bravo's Real Housewives of New York City on Tuesday set a high for the series. [THR]
• Chris Mitchell has been named the publisher of Conde Nast Traveler. [MW]
• Conan O'Brien will conclude his 16-year Late Night run on Friday. Then it's off to LA to take over for Jay Leno as host of the Tonight Show. [NYT]