Media Bubble: 'Observer' Admires Its Elders
• Murdoch, Newhouse, Philbin, and friends: Meet the city's media Power Geezers. [NYO]
• CBS wants Katie so badly that they're offering her a pay cut. [NYP]
• Food and the City: HBO buys rights to Ruth Reichl's memoirs for a new memoir. [WWD]
• A new front in the War on Christmas: Plano, Texas, where the school district bans kids from wearing red and green, according to Defender of the Faith O'Reilly. Except for one thing: It's not true. [Dallas Morning News]
• LAT to shutter national edition, ending its print presence in Washington and New York. Yeah, we're as surprised as you are to discover it had a print presence in New York. [NYT]