• Twitter is close to raising $100 million in new funding. And despite the fact it makes no money, the deal will value the company at $1 billion. [WSJ, CNN]
• A new survey finds that 86% of the public thinks the news media tries to influence public opinion. One reason to discount the data: Fox News came in as the country's most-trusted and least-trusted news source. And Bill O'Reilly ranked as "the most-trusted news anchor on cable TV." [THR, Poynter]
• MTV reports that it plans to go ahead with the drug-intervention reality series featuring DJ AM that was shot just before he died. [THR]
• Michael Moore's new documentary is off to a strong start, alas. [LAT]
• Tim Knight, Newsday's publisher, has handed in his resignation. [NYT]
• Corynne Steindler of "Page Six" is joining Bonnie Fuller's new website. [NYO]
• NBC Nightly News' audience is growing, believe it or not. [HP]
• Yahoo is spending $100 million to remind you it still exists. [BrandChannel]
• CBS has a brand new viewer today. Chief exec Les Moonves and CBS Early Show anchor Julie Chen had a son named Charlie this morning. [ET]