Traditional media companies, the FCC’s “Future of Media Report” has nothing to offer you. [WSJ]
Time Warner is in talks to buy the American version of OK! magazine, which is like a British version of People, from owner Richard Desmond. [BSkyB]
NBCUniversal will pay Blackstone $1 B for their stake in Universal Studios Florida, giving them full control of the Wizarding World of Harry Potter, at last. [Los Angeles Times]
Watch Jon Stewart cut his wrist on set while taping a Weiner sketch. It’ll make sense when you get to the part with the blender. [Media Decoder]
Page One director Andrew Rossi says Bill Keller had the air of someone about to “throw in the towel.” [Esquire]
kstoeffel@observer.com :: @kstoeffel