Morning Links: Where There’s M&A Lawyers, There’s a Fire Sale

Following last week’s reports that M&A lawyers had been to AOL headquarters, AOL CEO Tim Armstrong is thinking about taking the company private. Private equity firm KKR is reportedly interested. Felix Salmon predicts they will manage the decline of the dial-up business and sell the content making parts of it to Yahoo at a discount. [NY Post, Reuters]

Tavi’s website for teenage girls, Rookie, launches Monday. New York magazine parent company New York Media will handle advertising and Emily Condon, formerly of This American Life, is managing editor. [WWD]

Newsweek has a new CFO, Gary Starr, from Martha Stewart Living Omnimedia. [Adweek]

Tribune Co. asked the judge in its bankruptcy case to authorize bonuses between 16.4 and 42.5 million for 2011. [Chicago Tribune]

Between MTVs 30th birthday and the Real Housewives suicide, Robert Thompson, Syracuse professor of pop culture and former New York Times super source, had a really busy summer. [Romenesko]

The Guardian published the decryption password to WikiLeaks’ database, which they’re choosing to interpret as “betrayal” by the newspaper, not laziness on the part of their security. [Gawker] Morning Links: Where There’s M&A Lawyers, There’s a Fire Sale