• Only Conrad Black would call Conrad Black's fraud trial "bullshit."

• Jon Friedman is first last to recognize Charlie Gibson/ABC's success.

• World rebels against business mags. Portfolio, however, is safe.

• Turns out Time Warner shareholders are more concerned with profits than with former HBO prez's indiscretions.

• San Francisco Chronicle to get 25% worse.

• AdAge: "The print-media industry is not only filled with f–k-ups, it coddles them." Case in point, AMI's David Pecker.