• The New York Times Company reported a first-quarter loss of $74.5 million today, as advertising revenue plunged by more than 28 percent. [NYT]
• Martha Stewart Living Omnimedia's Wenda Harris Millard is stepping down as the company's co-CEO and president. [Crain's]
• One magazine that hasn't been crippled by the recession: Hearst's Food Network Magazine, which is now ramping up circulation. [AdAge]
• What's former Condé Nast star James Truman up to these days? Among other things, he's working on the in-room magazine for Ritz-Carlton. [Portfolio]
• Washingtonian magazine has a shirtless pic of Obama on the cover. [WM]

• NBC is sending Today show news anchor Ann Curry to no less than two war zones this week, poor thing. [AP]
• Decaying media conglomerates: A list of the biggest losers. [PC]
• Robin Schwartz is stepping down as president of OWN, the forthcoming cable network brought to by Ms. Oprah Winfrey. [B&C]
• Prince Charles and King Abdullah II both have books in the works. [HP]
• As you may have guessed, this is a pretty tough time for Portfolio. [PC]
• Justin Timberlake's latest project? A reality show for MTV. [NYDN]
• Speaking of reality shows, the one that was supposed to feature ex-Illinois Gov. Rod Blagojevich doesn't look like it's gonna happen. [Fox News]