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]