• Another magazine has gone under: Hachette announced today that it's closing Metropolitan Home to "focus its resources" on Elle Décor. [AdAge]
• New York's profile of star Times reporter Andrew Ross Sorkin reveals he's one of the paper's highest-paid staffers and is beloved by the titans of Wall Street, but is not quite as popular with some of his Times colleagues. [NYM]
• Circulation is down—and losses are up—at the New York Post. [NYT]
• GE and Comcast have agreed on a valuation for NBC, which brings the parties one step closer to handing over control of the network to Comcast. [Reuters]
• Condé Nast may be trimming expenses and cutting jobs here at home, but the mag giant is busy expanding its presence in China. [NYP]
• Curb Your Enthusiasm is coming to basic cable. TV Land and TV Guide have picked up reruns of the show and will begin airing them next year. [LAT]
• Google has acquired the mobile ad company AdMob for $750 million. [NYT]
• Last night's Mad Men scored AMC its highest-rated finale ever, although considering it's AMC we're talking about, that isn't saying much. [B&C]
• A Christmas Carol was No. 1 at the weekend box office, although its $31 million gross was weak given it cost $200 million to produce. Meanwhile, Precious' $1.8 million take on 18 screens set a limited-release record. [LAT]

It's a season for endings and beginnings and new beginnings and final endings and a reboot or two. Today's trades make Hollywood look like one of its own over-handled franchises.

• Comcast is "close" to a deal to take control of NBC Universal. [NYT]
• Scripps Networks, which controls the Food Network and HGTV, is close to taking over the Travel Channel for the low, low price of $1 billion. [NYT]
• The critically-acclaimed cop drama Southland is coming back. Although NBC canceled the show, TNT now plans to air the remaining episodes. [LAT]
• It's been a rocky road for Jay Leno since moving to 10pm, which may explain why he says he'd go right back to his old time slot if NBC requested it. [B&C]
• Oprah has signed on to narrate a new Discovery Channel nature series. [NYT]
• Universal Music is bringing in a successor to CEO Doug Morris. [BW]
• The Jackson doc This Is It was No. 1 at the box office this weekend. [THR]
• Did you know that in the '80s, Sue Simmons used to knock back a couple of cocktails and hit the clubs before the 11pm newscast? How scandalous! [NYO]

For the past few months Hollywood's favorite two guessing games have been: Who's going to take over NBC/Universal and what's going to happen to ex-Fox chief Peter Chernin? Well, yesterday the two games collided in a paradigm-exploding pile-up.

• The New York Times says it will cut 100 newsroom jobs, or roughly 8% of its editorial workforce, via buyouts and/or layoffs. [NYT, NYO]
• The Condé Nast cuts continue today at Wired, Glamour and Lucky. [Gawker]
• The bad news for NBC: It's facing blowback from its affiliates over Jay Leno's 10pm show. The good news: MObama is booked on Leno this Fri. [LAT, AP]
• Meanwhile, Vivendi, NBC and Comcast are inching along in their respective negotiations to hand over control of the network to Comcast; and former News Corp. exec Peter Chernin has signed on to advise the cable giant. [NYT, WSJ]
• CBS News paid tribute to late 60 Minutes creator Don Hewitt today. [AP]
• Ticket sales were up big this weekend. As expected, Where the Wild Things Are came in No. 1 at the box office with $32.5 million in sales. [LAT, THR]

Firings, sell-offs, suicide stories and Joe Pesci's leftovers; It's a bummer of a day for everyone in Hollywood who is not locked into the role of James T. Kirk.

• There may be other suitors for NBC in addition to Comcast. Like News Corp. And Liberty Media. And Time Warner. Or maybe not. Time Warner CEO Jeff Bewkes, for one, says he isn't interested. [THR, DHD, Gawker, AdAge]
• More on the sale of BusinessWeek: "Knowledgeable sources" say Bloomberg is paying $2-$5 million in cash for the mag. And another source reports the mag will be changing its name to Bloomberg BusinessWeek. Naturally. [BW, NYT]
• The war between the White House and Fox News goes on. [NYDN, ABC, CJR]
• If you notice TV commercials seem more upbeat than usual, it's because the advertising world has decided to be cheerful and optimistic again. [NYT]
• The Atlantic has determined that NBC CEO Jeff Zucker and New York Times publisher Arthur Sulzberger Jr. are "Brave Thinkers," for some reason. [NYO]

• Comcast is "leaning toward" keeping Jeff Zucker as NBC Universal's CEO if it goes ahead with a deal to buy take control of the company. [Bloomberg]
• The Fine Living Network will be rebranded as the Cooking Channel—and positioned as a Food Network competitor—in the second half of 2010. [AdAge]
• Some laid-off staffers at Condé Nast are furious about the severance they've received; chances are ex-Gourmet editor Ruth Reichl isn't one of them. [NYP]
• Does NBC's decision to cancel Southland "signal an abandonment of a decades-long commitment to drama"? Some seem to think so. Meanwhile, the show's producers are looking for a new home for the cop drama. [NPR, LAT]
• Let the hair battle begin: Disgraced former Illinois Gov. Rod Blagojevich may be a contestant on Donald Trump's Celebrity Apprentice next season. [CT]

• More on Condé Nast's decision to shut down four magazines, including Gourmet, Cookie, Modern Bride and Elegant Bride: An estimated 180 people will likely lose their jobs as part of the move, although CEO Chuck Townsend says the company has no plans to shutter any other titles. [NYO, AdAge]
• If Comcast goes ahead with a deal to take a controlling stake in NBC, Jeff Zucker, NBC Universal's CEO, may need to find a new job. [NYP]
• Don Imus' radio show debuted on Fox Business today. [WP]
• Rich Ross, the president of Disney Channels Worldwide, is taking over Walt Disney Studios; he's succeeding Dick Cook, who was ousted on Sept. 16. [NYT]
• Universal Pictures has fired chairmen Marc Shmuger and David Linde. [LAT]
• CBS has been busy ridding YouTube of David Letterman's mea culpa. [NYT]
• Zombieland was No. 1 at the box office this weekend with a $25 million take. Cloudy With a Chance of Meatballs dropped to second place. [Variety]
• It wasn't all bad news at Condé Nast today: The New Yorker landed its biggest ad buy since 2005 with a $1 million deal with HSBC. [Folio]

• Time Inc. is "not for sale," says Time Warner boss Jeff Bewkes. [DF]
• Meanwhile, Time Inc., Condé Nast, and Hearst are looking to team up and create a "Hulu for magazines." Another winning idea, clearly. [FT, ATD]
• Miramax is fast approaching non-existence. Disney, Miramax's parent, is cutting 50 jobs at the company, leaving it with just 20 employees. [NYT]
• The pros and cons to a marriage between Comcast and NBC. [AdAge]
• The Washington Post and Bloomberg are launching a joint news service. [AP]
• TV Guide dismissed several execs yesterday, including its publisher. [NYP]
• Former Warner Bros. and Yahoo! chief Terry Semel was interested in buying the Nets, but he couldn't compete with Russian mogul Mikhail Prokhorov. [P6]
• Will the David Letterman drama ultimately hurt the show's ratings or send skittish advertisers running for the exits? That's unlikely, say observers. [THR]
• The cover of Sarah Palin's forthcoming (and already best-selling) memoir, Going Rogue, has been revealed. Try to contain your excitement. [AP]

• Comcast denied the rumors yesterday, but it now appears the cable giant is involved in talks to take a controlling stake in NBC Universal. [NYT, NYT]
• It hasn't been smooth sailing for Jay Leno since his primetime show debuted—ratings have been slipping and the critical buzz has been lousy—but now it looks like NBC has another problem to worry about: CBS and ABC have both been actively discouraging their stars from appearing on the show. [LAT]
• Bravo reports it's developing solo series for three of its reality TV stars: Bethenny Frankel, Christian Siriano and Top Chef's Fabio Viviani. [Variety]
• Meanwhile, Logo is casting its gay version of the Real Housewives. [Gawker]
• Maybe the magazine industry isn't dead, after all: American Media plans to launch a new bridal title in early 2010 called Shapebride. [WWD]

Everyone's talking about The Wrap's report last night that cable giant Comcast is in talks to buy NBC Universal. We don't know if it's true or not, but one thing's for certain: If it is, Tina Fey is screwed.

• Confirming the rumors from a few weeks back, Fox Business says it will begin simulcasting Don Imus' radio show beginning next month. [LAT]
• The total number of advertisers that have decided to yank their ads from Glenn Beck's Fox News show, according to ColorofChange: 57. [NYDN]
• More on the transition at ABC News: Charles Gibson's decision to retire took ABC execs by surprise; an effort to get him to change his mind didn't work; and it's still unclear who will replace Diane Sawyer at GMA. [NYT]
• Is YouTube going to be the new Netflix? The site is reportedly in talks with Hollywood studios about renting new release movies online. [WSJ]
• Two new women have been added to the cast of SNL. [AP]
• Erin Andrews returns to ESPN tonight for the first time since that whole hote room videotaping incident went down a few weeks back. [NYDN]
• OK!'s circulation is dropping. Naturally, things will get much better just as soon as Kim Kardashian takes up her new post at the magazine. [AdAge]

Happy Birthday, Internet! This September marks the 40th anniversary of our virtual god, and, as happens with the marching of time, it faces some changes. The scope and impact of those potential changes remains to be seen, but they're scary!

• The New York Times Co. is selling its classical radio station WQXR to WNYC Radio and Univision as part of a "complex deal." One thing that isn't complex: The sale will pump a much-needed $45 million into the paper's coffers. [NYT]
• Is Rupert Murdoch planning to buy the Daily News from Mort Zuckerman? That's what some are suggesting, although Mort is denying it. [DailyFinance]
• McGraw-Hill shouldn't expect to make much from the sale of BusinessWeek. In fact, the company may be forced to give the magazine away. [FT]
• Neil Patrick Harris has signed on to host this year's Emmy Awards. [NYDN]
• Russell Brand will be the host of the MTV Video Music Awards. [Vulture]

Until today, if edgy digerati blog Boing Boing mentioned Comcast, it was with a sneer that was practically house style. Suddenly Boing Boing has fallen in love with the "bumbing, evil" cable guys. Why? Money.

In your almost-Spring Wednesday media column: layoffs at Billboard, Comcast calls the FBI, the continued decline of lunch, and the future of newspapers is here!

Everyone's pretending to be shocked about the 10-second clip of porn spliced into Comcast's Tucson-area broadcast of the Super Bowl. Why? That's how Comcast butters its bread.

Silicon Valley has its own portfolio of toxic investments that no one likes to talk about. The office parks along 101 are littered with the living dead, startups running on fumes of hope and trickles of venture capital. What their future looks like: The $5 million asset sale of Radiance Technologies, a digital-video file-delivery company, to Comcast. An asset sale means that the buyer gets the technology, patents, and servers, while investors are left with the liabilities. Radiance's VCs, who sank $26 million into the company starting in 2000, are unlikely to see much from the purchase. Play that scenario out hundreds of times, and you get a glimpse at what's coming for investors and entrepreneurs. No wonder even sunnily optimistic VCs are losing hope.As it should be. It's always at the height of a bubble that some fad — bandwidth delivery! online ad-networks! social media marketing management! — starts looking like a sure thing. But most startups fail, tech startups included. Few make any money for their investors; VCs, like Hollywood studios, live off the hits. What to do if you work at the 17th Ajax-enabled online calendar to hit the market, the 217th YouTube clone, the 397th online-ad network ? Give up, move on. Despite the headlines, people are still hiring — even, sometimes, as they shed jobs. Wall Street may have failed in its job at allocating capital. But Silicon Valley's particular genius is in matching talent to markets. So embrace it! The world has countless real problems to solve. You're not going to make a fortune copying someone else's idea. Come up with your own genuinely good one, and you'll never have to read about your company's fire sale in Valleywag.

Comcast's announcement of a bandwidth cap for home users beginning in October has raised a recurring fear: Is the Internet being overloaded? It's not a new worry. Ethernet inventor Bob Metcalfe forecasted a meltdown in 1995. But our growing adoption of BitTorrent downloads and YouTube-like streaming clips must be straining the pipes, right?No. Metcalfe literally ate his words two years after his prediction. In the decade since, Internet infrastructure upgrades continue to outpace growth. So even though worldwide traffic grew by half last year, peak utilization is now less than 50 percent of available capacity. Don't believe out-of-date claims about "last mile" bottlenecks, either. Home broadband users have been built out to more traffic than they're using. Comcast's caps are about per-customer profitability, not system overload. If anything, you should feel encouraged to use the Net even more. Just make sure your ISP is willing to let you have at it. (Photo by zinkwazi)