• Another magazine has gone under: Hachette announced today that it's closing Metropolitan Home to "focus its resources" on Elle Décor. [AdAge]
• New York's profile of star Times reporter Andrew Ross Sorkin reveals he's one of the paper's highest-paid staffers and is beloved by the titans of Wall Street, but is not quite as popular with some of his Times colleagues. [NYM]
• Circulation is down—and losses are up—at the New York Post. [NYT]
• GE and Comcast have agreed on a valuation for NBC, which brings the parties one step closer to handing over control of the network to Comcast. [Reuters]
• Condé Nast may be trimming expenses and cutting jobs here at home, but the mag giant is busy expanding its presence in China. [NYP]
• Curb Your Enthusiasm is coming to basic cable. TV Land and TV Guide have picked up reruns of the show and will begin airing them next year. [LAT]
• Google has acquired the mobile ad company AdMob for $750 million. [NYT]
• Last night's Mad Men scored AMC its highest-rated finale ever, although considering it's AMC we're talking about, that isn't saying much. [B&C]
• A Christmas Carol was No. 1 at the weekend box office, although its $31 million gross was weak given it cost $200 million to produce. Meanwhile, Precious' $1.8 million take on 18 screens set a limited-release record. [LAT]

Did you dutifully rush out and buy the $22,000 picnic basket featured in Elle Décor a few months ago? Well, the magazine's editor Margaret Russell would like to make it clear that such items will no longer be darkening her pages: "It just seems vulgar, and vulgar is not a word I want to associate with our magazine." Russell, who was moderating an interior design panel with Cynthia Rowley, Bunny Williams, Celerie Kemble, and Annabelle Selldorf last night at the Pratt House, suggests that quilts are now the appropriate "humble" purchase, while Rowley recommends art: "That's the only thing I buy now." After seeing Rowley's home, we slightly doubt that. But we'll take her advice and resist splashing out on even her Target housewares.

We hear that home decorating magazine Elle Decor is in trouble, and it may not survive into next year. Hear anything? Email us. Could this be related to "the steep decline in the middle market for the shelter category" that's forcing Hachette to close HOME magazine after its October issue? Click through for the internal memo on this latest magazine death. UPDATE: Hachette's PR rep tells us that Elle Decor is "strong and profitable" and will not be shut down—just HOME.