Morning Media Mix

(Illustration by Lauren Payne.)

(Illustration by Lauren Payne.)

It’s an unhappy holiday over at Time Inc.: CEO Joe Ripp has lowered the corporate match on contributions to the 401(k) plan by two percent, and there are rumors that on Dec. 9, at the company’s quarterly management meeting, Mr. Ripp will announce a plan to to cut $125 million in costs from the budget next year. (New York Post)

Speaking of rumors, it’s been hinted that editor in chief Cyndi Stivers—who’s been in the position for under a year—will be exiting. (New York Post)

Gawker editors are planning to give Neetzan “Blogging Machine” Zimmerman his own vertical. (Capital NY)

Brian Stelter says CNN’s offer was “irresistable.” (Mediabistro)

A Settlement Between Fox News and a Former Top Executive? Perhaps. (New York Times)