In your crushing Wednesday media column: another media bankruptcy, the Businessweek sale draws nearer, Paula Froelich occupies her time, and the magazine industry has an idea!

• The Condé Nast shake-up continues: A day after the company shuttered four titles, it's ousted the publisher of Details. And rumor has it the Condé cuts may now "inspire" similar such moves at Hearst and Time Inc. [AdAge, NYT, NYP]
• Ruth Reichl says she was completely surprised by the news Gourmet was closing. (She says she's planning to write a book about her years there.) And Gourmet's offices have since been completely cleared out. [NYT, Gawker]
• David Letterman should apologize on his show every night. His latest mea culpa generated better ratings than anything NBC aired during primetime. [AP]
• CBS is talking to Nancy Grace about hosting a Judge Judge clone. [B&C]
• The only big media company hiring and not firing? Bloomberg LP. [Crain's]