• News Corp. posted a $6.4 billion loss for the quarter after writing down half the value of Dow Jones, which it purchased in 2007. [Reuters, BN]
• The Wall Street Journal is laying off 14 people and will also be closing the newspaper's fashion bureau. [E&P, FWD]
Rupert Murdoch says he has no plans to buy the Times. [E&P]
• The Grammys are on Sunday; here's what you can expect to see. [CNN]
• Chesley Sullenberger will be on 60 Minutes this weekend. [NYP]
• Congrats, ESPN! Sarah Palin says she named her baby in honor of the cable network's hometown of Bristol, Connecticut. [HuffPo]