FAO Schwarz has a new owner. The investment firm that controls the legendary chain of toy stores, David Shaw's D.E. Shaw, has sold it to (Wayne, N.J.-based!) Toys 'R' Us. Terms of the deal weren't disclosed, but we'll go ahead and assume it couldn't possibly have been more than the most expensive stuffed animal on sale at the store. [Crain's]

David Shaw

• Murdoch Family Feud: It's all about control. [NYT]
• Bad news on Posner's NYTBR "Bad News." [Slate]
• NYT, NYTimes.com to fully integrate newsrooms. [Romenesko]
• LAT media writer David Shaw dies at 62. (Gawker's earlier thoughts on Shaw.) [LAT]

Forgive us a moment of non-smartass, non-Manhattanite comment, but we wanted to stop and tip our Romenesko bookmarks to David Shaw, the Los Angeles Times's magisterial media critic.