• The Times is folding in several sections of the paper (City, Escapes); scrapping the weekly fashion spread in the New York Times Magazine, and cutting the budget for freelance writers. Grim times, indeed. [NYT, Gawker]
• NBC CEO Jeff Zucker is reportedly concerned that CNBC has become too conservative and is becoming "the anti-Obama network." [P6]
• The new Ben Silverman? That would be ABC's Stephen McPherson. [NYP]
Bill O'Reilly tends to ambush liberals more often than he does conservatives. Could that mean he, like, has an agenda or something? How surprising! [NYT]
• Twitter on fire: Traffic is up 131 percent from February. [AdAge]
• Gannett Co. reported a 60 percent decline in first-quarter profit today. [AP]

Worth is relaunching as a bimonthly magazine in May. The cost per issue at newsstands? Just $20. No, this is not going to end well. [AdAge]
• CNN's Jon Klein: Likes talking about the network's "brand of quality journalism," doesn't much enjoy talking about things like ratings. [HuffPo]
• Jack Haire is the new CEO of PARADE Publications. [E&P]
• Newsroom employment dropped 11.3 percent in 2008. [E&P]
• Advertisers really like saying the word "stimulus." [NYT]
• Tensions appear to be rising as Esquire continues to struggle. [Gawker]
• John Madden is retiring from sportscasting. [NYDN]