Oh shucks, now there are layoffs at Bloomberg. Which brings the number of remaining media companies with good job security to, hmm, let me check here... none.

Stock downgrades. Acquisitions that didn't pan out. Businesses leaking cash. Layoffs. And a whole lot of pessimism about the future. Is Rupert Murdoch losing his magic, wrinkly touch?

• As expected, Barack Obama has been named Time's person of the year. [Time]
• Oprah has negotiated a deal to produce movies for HBO. [Reuters]
• It appears the end is near for Lenny Dykstra's Players Club magazine. [NYP]
• News Corp. is moving its listing from the NYSE to the NASDAQ. [NYT]
• American Idol was the most time-shifted show in primetime in 2008. [Reuters]
• Cutting web staff seems to be a popular way for magazines to keep their print titles afloat. [NYO]

Just about every media company, from us (small) to Time Inc. (big) to many others of varying sizes, shapes, and predilections have been laying people off lately. Because everything is terrible, especially the prospects of media employment! Still, we don't want to be perceived as negative. So we've assembled a roundup of the major media companies that haven't had any big layoffs throughout this new depression, and analyzed why they've been so fortunate. Praise them:

♦ David Pecker's AMI, the publisher of the Star and National Enquirer, has been near bankruptcy for months. Now it's one step closer. [NYP]
♦ The details of Judith Regan's settlement with News Corp. have been revealed: It cost the company $10.75 million to make her go away. [Bloomberg]
♦ Janet Robinson says there are no plans to sell the Times. [E&P]
♦ A brief explanation for why newspapers are so screwed right now. [NYT, AP]
♦ An increasingly desperate OK! has cut the price of the mag. [NYP]
♦ The reorganization of Random House will likely leave Sonny Mehta the big winner. [NYO]
♦ Les Moonves on the state of network TV: "The model ain't broke." [THR]
♦ Gus Van Sant's Milk was named by the New York Film Critics Circle as the best film of 2008. [THR]

Remember Judith Regan? She was famous for publishing anything at her Newscorp/HarperCollins imprint, Regan books—as long as it was trashy, salacious, and celeb-autobiography oriented, like O.J. Simpson's If I Did It (which Newscorp killed.) She was like the National Enquirer of book publishers. In 2006, she was fired for saying something about the Jews, and she filed a $100 million lawsuit. It was settled out of court for an undisclosed amount, but, as the Observer brought to our attention, we now know the figure that NewsCorp paid out to shut her up—$10.75 mil. Damn—that's a lot of lawyering. Update: When called for comment by our intern James Frey, Jonathan Burnham, publisher of HarperCollins, said "no comment."

The fun party game tonight at Michael Wolff's shindig for his Rupert Murdoch biography, The Man Who Owns the News, is going to be to see if anyone from the News Corp. orbit actually shows up. There must have been some overlap in the guest list if Murdoch had Wolff move his party to tonight so as not to conflict with last night's 40th birthday party for wife Wendi Deng. Speaking of whom, we've heard at least one crazy conspiracy theory about who might be spreading rumors about her sleeping around. As with the original rumor, we're extremely skeptical but the theory is so beautifully convoluted and Machiavellian that it's worth sharing.

Robert Thomson, the wily Aussie installed by Rupert Murdoch as editor of the Wall Street Journal, wants his newspaper to be big in Japan. And Europe. And Chicago. And Los Angeles.

The celebrity-industrial complex will expand, must expand, can't help but expand until every site on the Web features gossipy famous-people headlines. The latest entrant: DailyFill, MySpace's slapdash copycat celebrity-news site.

Next Monday, Rupert Murdoch is planning a big bash for wife Wendi Deng Murdoch's 40th birthday on the Gramercy Park Hotel roof that has a six-figure budget and folks like Nicole Kidman and Barry Diller on the guest list. It's such a big deal that Murdoch made Michael Wolff (hey, did you hear he has a book coming out?) move his party for The Man Who Owns the News to Tuesday, according to Jeff Bercovici. They both sound like fabulous affairs. Especially compared to the staff Christmas party that the New York Post announced yesterday. News Corp. canceled its regular company-wide holiday bash last month. So, instead next Friday the staff are heading to their regular Midtown watering hole, Langan's. With a cash bar. Aside from the promised "sexy elves" and "special theme rooms," it'd be tough to tell this from any other Friday night at Langan's. Full invite after the jump.

The financial reports of the New York Times Co. yesterday were predictably awful. Print ad revenue was cratering even before the stock market collapsed, so it's hard to see any turnaround in the near future. And as if the economy itself isn't giving the Times enough problems, they're also dealing with Rupert Murdoch trying to crush them, advertising-wise, in a pincer grip; the Wall Street Journal is falling on their head, and the New York Post is coming right up their ass. Rupert made a lot of noise about taking on the Times directly when he bought the WSJ. But he has a big advantage: another major newspaper in the same market. So while the WSJ is trying to steal away the NYT's high-end advertisers (and succeeding)—luxury watchmakers, Tiffany & Co., expensive liquors, and corporations running "message" ads—the other News Corp. paper, the unprofitable Post, is competing with the Times for middlebrow advertisers and upper middle class retailers in New York City—Bergdorf Goodman, Macy's, Bloomingdale's, car dealerships, cell phone companies.

♦ Roger Ailes (left) has renewed his contract with News Corp., which will keep him by Rupert Murdoch's side for at least five more years (and keep him running the show at Fox News for at least one more presidential election). [NYT]
♦ New York has fired longtime restaurant critic Gael Greene. [Feedbag]
♦ The Runway battle continues: Lifetime has sued NBC over claims it is blocking the cable channel from airing future episodes of the reality TV show. [NYP]

♦ Peter Chernin, Rupert Murdoch's right-hand at News Corp., may be planning to depart the company in the near future. [LAT]
♦ 60 Minutes has snagged the first interview with Barack Obama. [THR]
♦ WWD has a roundup of how magazines will fare overall in 2008. Most of the news is depressing, yes, but there are a couple of bright spots: Elle and Men's Journal reported 3 percent increases in ad pages. [WWD]
♦ You knew this one was coming: Political statistics star Nate Silver is reportedly shopping a pair of books to publishers. [NYO]

♦ Michelle Obama may end up on the cover of Vogue in the next few months: "It's been a long-standing tradition to photograph the new first lady. So needless to say, we are very interested in working with Mrs. Obama." But Ebony may get there first. [WWD]
♦ Shares of Rupert Murdoch's News Corp. plunged today following the company's announcement it's revising its 2009 forecast. [Bloomberg]
♦ New York television critic John Leonard has died. [Vulture]
♦ A round of layoffs have hit Hearst, although the exact numbers haven't been released. [Folio]

♦ The Bank of England slashed its key interest rate to 3 percent. And it may go even lower. [Marketwatch]
♦ The short list for Treasury Secretary: Larry Summers, Tim Geithner, Paul Volcker, and Bob Rubin. [WSJ]
♦ Steve Schwarzman's Blackstone Group reported a $502.5 million loss for the third quarter. [DB]
♦ More chatter about falling bonuses: One study says the drop could be 20 and 35 percent on average with a 70 percent fall-off for some top execs. [NYT]

Has Rupert Murdoch made a terrible miscalculation? Michael Wolff thinks so! Wolff, Murdoch's newest biographer, says that the New York Post's uncharacteristically fawning Obama-centric cover today is Murdoch's way of apologizing to the future president (Obama) for the Post's endorsement of McCain. In fact, it's been widely rumored for months that Murdoch wanted the Post to endorse Obama. So what's going on here? Rupert Murdoch has always been canny about getting in good with those in power, even if they're from the party he opposes. He made nice with Tony Blair in the UK. And the Post did in fact endorse Obama over Hillary Clinton, once it was clear Obama would win. Besides that, Murdoch's pet paper the Sun in the UK pretty much deified Obama. And even Fox News managed to work out an Obama interview with Bill O'Reilly, when they weren't calling him "Osama" and such. So why didn't Rupert just get the Post to go ahead and endorse Obama in the general election? Two reason. One of those reasons is named "Sarah Palin." Murdoch flirted with her coyly, and ended up tentatively supporting her convoluted policy proposals in public. It may be that he fell in love with her personality (the same mistake McCain made), or just came to the conclusion that, dumb as she is, at least she wasn't likely to push for any more regulation of his business if she came into office when McCain keeled over. The second reason is more basic: a Post endorsement of Obama just wasn't practical. It would defeat the paper's very reason for existence, which is to be a rabid conservative voice in the midst of the liberal NYC media. So Rupert Murdoch just allowed them to endorse McCain, then set about sending every possible signal that he's willing to be friendly with Obama after he wins. Not that dumb after all.

Vanity Fair has a new excerpt from professional media beef-starter Michael Wolff's upcoming biography of News Corp. chief Rupert Murdoch. Murdoch already said publicly that the book is flawed, but his problems with it seemed to center on how some of his business relationships are portrayed. The excerpt today, disappointingly, focuses on Murdoch's family life, and some of it is predictable. Friction between the new wife and the old wife and the kids from the old wife! Drama about succession! The only real interesting parts come when Wolff starts riffing on Murdoch's greedy ambitious kids and their Oedipal tendencies: Prue, Murdoch's eldest daughter, is a weirdo, says Wolff. But at least she didn't want to marry her mom, yuck!:

Brad Greenspan, the former CEO of Intermix Media, the company which launched MySpace, loves to make trouble for News Corp., the media giant he claims bought Intermix and MySpace for a song. Too bad he pays more attention to his ongoing, one-sided feud than his revenge vehicle, LiveUniverse. Greenspan's startup is having trouble with his uptime; a tipster says his LiveUniverse and LiveVideo sites have been down for two days running. That's not the real problem; the real problem is that it took two days for anyone to notice they've been down.

Jason Kilar, the CEO of online-video site Hulu, has rediscovered a truism: less is more. Hulu, which is mostly owned by NBC and News Corp., runs fewer ads on the TV clips it licenses from its TV-network parents than they air when they broadcast the same shows. And yet the ads are more effective. This could simply be a novelty effect; everything about Hulu is new, so the ads also draw more notice. But Hulu may be onto something. Why don't networks try running fewer ads on air, too? (Photo via Alarm:Clock)

Why can't News Corp. find anyone to run MySpace Music, the spinoff from its social network which is part-owned by major labels? No one seems able to state the obvious: MySpace Music is a feature, not a company. The outside investment it garners is just an elaborate way of cutting in the labels on MySpace's music-related profits. No wonder former Facebook COO Owen Van Natta turned down the job; TechCrunch reports that he cleverly tried to get MySpace to buy Project Playlist, a music startup he'd invested in, as part of the deal. Van Natta picked the right test: If MySpace had been willing to fold Project Playlist into MySpace Music, it would have proven that the music venture really had some independence. Any other CEO candidate should ask the same questions Van Natta raised with his quid-pro-quo deal.