• NYP's Tim Arango becomes only reporter in last month not snapped up by Portfolio; he's going to Fortune. [NYO]
• NewsCorp buys up a bunch of metropolitan-area newspapers. Expect them to be rebranded as Queenist and Only the Paper Knows Brooklyn any day now. [NYT]
• If David Geffen buys the LAT will the paper be able to cover his friends fairly? Speaking as the employees of a gay media magnate ourselves, we're gonna say no. [DHD]