I guess the big story today, and admittedly that’s not saying much given the relatively dry news cycle the past 36 hours, is this FoxNation thing. I don’t really have an opinion on it except to wonder whether Foxnation really realizes what it’s getting itself in to here? An “online community that believes in the right to express your views, your values, your voice”?

Four of the country’s leading media companies today reported the creation of quadrantONE , a new online sales organization focused on premium advertisers seeking high-quality audiences and national reach. Investors in the new network include Tribune Company, Gannett Co., Inc., Hearst Corporation and The New York Times Company.

Liberty Media lodged a complaint to remove IAC/InterActiveCorp Chairman and Chief Executive Barry Diller and six other directors from IAC's board.

Media companies The New York Times Co and Media General Inc on Friday said hedge fund Harbinger Capital Partners is seeking to elect members to their boards of directors at annual meetings this spring.

After nearly 15 weeks in court, lawyers in the trial of the former media baron Conrad M. Black neared the end of their arguments Tuesday, with the jury expected to begin poring over 100 pages of jury instructions starting Wednesday, The New York Times reported.