Couric split from CBS rumored

CBS News and Katie Couric look like they're headed for splitsville, more than a year before her contract with the network runs out.

CBS News and Katie Couric look like they're headed for splitsville, more than a year before her contract with the network runs out. What's the problem? Time's James Poniewozik says it's not the ratings - it's her salary. What's next? Couric could move to CNN, where the seat behind Larry King's desk may open. Though the rumors have started now, Couric's exit could take nine months.

In the media glare: Who's buying Yahoo?

Yahoo and Time Warner are reportedly close to a deal that would merge Yahoo with the media giant's AOL Internet division. Meanwhile, News Corp. is reportedly in talks with Microsoft to join in its bid for Yahoo, which would combine Yahoo, Microsoft's MSN, and MySpace into an Internet behemoth. Also of note: Yahoo is in discussions to carry search-driven advertisements from Google.

Also:

The Wall Street Journal names Ellen Asmodeo-Giglio publisher of its new weekly magazine WSJ., which will launch Sept. 6.

Nielsen lays off an unspecified number of employees, so does Ziff Davis Enterprise.

Dan Rather's lawsuit against CBS is dismissed, sort of.

On-air host Randi Rhodes quits Air America.

The editor of Newsweek.com takes a buyout.

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