• Fighting back against Fox News, whose ratings dwarf CNN's, Jon Klein savors small victories. Which makes sense, because there ain't been a whole lot of big ones. [NYT]
• Conde Nast is running out of ad inventory. [WWD]
• Nick Kristof manages the delicate trick of making Jack Shafer feel a little bit bad for Bill O'Reilly. [Slate]
• Icahn and Wasserstein's TW plans don't don't help thing. [NYT]