• The Boston Newspaper Guild, the Boston Globe's largest union, narrowly rejected a package of pay concessions and benefit cuts last night. [NYT]
• David Letterman is close to signing a new, 3-year contract with CBS. [THR]
• Conan O'Brien has beat Letterman in the ratings every night since his show debuted last week. But that may very well change pretty soon. [Vulture]
• Rachael Ray's talk show has been renewed for two more seasons. Alas. [THR]
• Glenn O'Brien is out as Interview's editorial director. [Daily Intel, FWD]

• CBS posted a first-quarter loss as the ad recession took its toll. [THR, NYT]
• News Corp. reported a 70 percent drop in quarterly profits. [LAT, B&C]
• Profit dropped by 46 percent at Warner Music during the same period. [PC]
• Sirius XM posted a $236 million quarterly loss and also announced that its number of subscribers declined for the first time ever. [AP]
• Cablevision plans to "explore" a spinoff of Madison Square Garden. [NYT]
• News Corp. chairman Rupert Murdoch says he plans to charge readers to access the online content of his newspapers in the near future. [E&P]
• The new Bob Dylan album is No. 1 on the charts this week. [THR]
• Felix Dennis says The Week is for sale. For just $200 million. [Folio]

Victoria Beckham is turning 35 today. Jennifer Garner is turning 37. Actress Monet Mazur is 33. Liz Phair turns 42. The rapper Redman is turning 39. Architect Costas Kondylis is 69. Writer Cynthia Ozick is 81. Former football star Boomer Esiason is turning 47. Author Nick Hornby is 52. And television exec Henry Schleiff turns 61 today. Weekend birthdays after the jump.

The former head of Court TV, cable vet Schleiff is now the guy responsible for all those made-for-TV tearjerkers your grandmother loves. He's head of Crown Media, the owner of the Hallmark Channel and Hallmark Movie Channel.