• A round of staff cuts at the Journal may come next week. [Portfolio]
• CBS and David Letterman are negotiating a new deal to keep him on the network after his contract expires in 2010. [B&C]
• Is The New Yorker in trouble? [Gawker]
• Gannett, the largest U.S. newspaper company, is writing off $5 billion. [E&P]
• Dreamworks and Pepsi have a 3D commercial airing during the Super Bowl on Sunday. You'll need special glasses to watch it, however. [Time]