• Gruner & Jahr is set to close today on a deal to sell Inc. and Fast Company for $40 million, a fraction of the $550 the publisher bought the two titles for five years ago. It suddenly seems very clear why these people should not be publishing business advice. [Folio:]
• The New Yorker's cartoon contest gets 7,000-10,000 entries a week. For a winner, cartoon editor Robert Mankoff suggests: keep it short, don't combine elements, don't overthink. Because they hate overthinking at the The New Yorker. [Newsday]
• Ed Klein's Hillary book goes on sale today; 350,000 copies have been printed. [WP]
• And you thought PBS was boring? Ha. Secret spies, partisan intrigue. Also, Big Bird worked for the Russians. [NYT]