• The New York Times Co.'s bank balance is running a bit low, but that hasn't detered the company from handing out lavish pay packages. The company's CEO, Janet Robinson, received a total compensation package valued at $5.58 million in 2008, up from $4.14 million in 2007. [NYP, HP]
• Is Rachel Maddow losing her glow? March was the lowest-rated month so far for Maddow's MSNBC show since its debut last fall. [LAT]
• The Chicago Tribune plans to cut another 20 percent of its newsroom staff as it looks to reduce expenses amid continuing declines in advertising. [CB]
• Yahoo posted a 78 percent decline in quarterly profits and said it would eliminate about 675 more jobs, or 5% of its work force. [WSJ]
• Tonight is Len Berman's last night at WNBC. [NYDN]

John Koten, Fast Company's volatile CEO, has reportedly departed, as underlings suspected he would.

John Koten, the nautical-enthusiast CEO of Fast Company and Inc. publisher Mansueto Ventures, moved out of his office last week ... into a cubicle. The move has magazine workers "freaking out," a tipster tells us.

What thoughts keep magazines bosses up late at night? Late last night John Koten, the CEO of Fast Company publisher Mansueto Ventures, was wondering why his staff hasn't asked him about how great he is.