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• Time Inc. is likely to cut as many as 400 jobs next year, maybe as early as the end of January. There is no joke to be made here. [NYP]
• How much did Mort Zuckerman want to hang onto to the News's Les Goodstein? Enough to — perish the thought — interrupt a vacation to try to convince him to stay. [WWD]
• In the crystal ball: Yahoo and Google will build news divisions in 2006, and the Bancrofts will finally sell the Journal — to an alliance of WashPostCo and Warren Buffett. [Forbes]
• Mag circ shit continues hitting the fan. [BW]
• Jon Friedman spent the strike watching NY1, and he developed a crush on the stations — and on transit reporter Bobby Cuza. [MW]