Time Warner took a break from firing Time Inc-ers to fully acquire the Daniel Baldwin breaking celeb scandal channel, Court TV. The station is set to be folded into Turner Broadcasting System Inc. which also owns TNT, TBS, and CNN.

Those ever reliable "industry insiders" confirmed that the network will acquire Court TV "quite shortly," but in this somewhat mundane turn of events, an extraordinary fact emerges.

Typically, executives of the acquiring company end up staying, and executives of the acquired company get pink slips (or golden parachutes). But Court TV’s ratings performance will bode well for its executives in this transition.

They aren't firing the former executives? They're sending people on offsites? What is the world coming to?

Turner May Absorb Court TV [Steve Donohue, Mulitchannel News]

From the desk of Court TV: they knew that Daniel Baldwin was arrested for coke first. They broke the story … an entire hour and a half before TMZ did.

Hey can you please link to our story instead of TMZ's? We posted last night a full 90 minutes before they did and our story is much more complete. I'd appreciate it!

Normally our response to these requests are, "hey, um, no." But since we're running the obnoxious email as fodder for our site, we'll throw a pity link their way.

Earlier: Daniel Baldwin Makes Coke Less Cool

• Jann Wenner already has his Us Weekly, but now he wants to out-People People with a celebrity weekly crossed with a "real stories" glossy. And what do you know, Bauer wants to out-Wenner Wenner with the same idea.

• The Village Voice-New Times merger is real! Like, more real than anything on Tara Reid! A May 27 merger agreement has surfaced with terms of the deal, which include handing over majority control to the New Times in shares and board members and VV CEO David Schneiderman receiving a $500k bonus for his "work on the merger."

• After seeing its credibility crumble from the wrath of blogs, CBS News is getting a blog of its own. It's enlisted former Hotline editor Vaughn Ververs to pen a "nonbudsman" column on CBSNews.com, debuting next month. He'll be reporting to CBS digital media chief Larry Kramer, not news prez Andrew Heyward.

• As Diane Dimond tries cashing in (again) on Michael Jackson with a new book, Court TV decides it's had enough of her outbursts. Diane signs off .. to her fan club (yes, that's deserving of at least two "WTF's").

• Real life "Mr. Big" Ron Galotti is splitting his farm, but only so he can hunker down at his "other" farmhouse in Vermont to conduct rennovations.

• After eight years of letting New Yorkers forget it exists, Adam Moss' New York magazine would like to remind you: "This is New York." (That doesn't mean you, Philly.)

• It wasn't quite Pat Robertson calling for the assassination of Venezuelan President Hugo Chavez, but watching CNN meteorologist Chad Myers flip out at Daybreak's Carol Costello was just as entertaining — without the death threats.

• It shouldn't take a whole article on Slate to inform you that freelancers are paid less than the guy messengering over our enema equipment, but if that's what it takes to alert the unions, so be it.

• After the Simpson clan demanded perks that would've cost hundreds of thousands of dollars, People magazine pulled out as a sponsor of Jessica and Ashlee's party at the Setai resort in Miami. It couldn't have had anything to do with daddy Joe's negotiations with OK!, right?

• Congratulations to Details' Daniel Peres on his wedding to Sarah Wynter, the Australian actress. Ya know, Dan, you didn't have to get married for your readers to believe you're straight.

• Hilary Duff might be touching down in Chelsea after scoping a flat on West 26th Street. Her main concern? Proximity to shopping.

• What Martha Stewart wanted to use as competition to Donald Trump's "You're fired!"? "Your ass is grass." Ahem, just kidding, or at least she was.

• The legacy of Lizzie Grubman won't have any problem living on, thanks to fictional roles in books from Candace Bushnell to Tom Dolby.

• Wal-Mart continues to fight for a spot in New York, lobbying the good folks in Staten Island that its corporate dominance is good for the local economy.

• The Sopranos latest marketing campaign proves a bit edgier than Court TV's clever slogan efforts.

• Director Oliver Stone pleaded no contest to misdemeanor charges of marijuana possession, which follows his 1999 guilty plea for the same thing.

• There's a snag in the wedding plans for Paris Hilton and Paris Latsis. They won't make their promised nuptials of 2005, instead moving the ceremony to at least 2006.

• Court TV continues its city-wide ad campaign by blanketing the side of an apartment building on Sixth Avenue with images of murder. How pleasant for passers-by.

• Martha Stewart's on the ballot for October's American Magazine Conference, where her prison tales are expected to make cameos during her speech.

• Rupert Murdoch's wad of cash continues to fatten, but no thanks to the New York Post.

While we normally walk around the fair city of New York with our blinders on (also known as oversized Gucci shades), it's a bit hard to ignore Court TV's deluge of marketing gimmicks. They're everywhere, from phone booths to sidewalks.

The ads will have different slogans based on where they appear. Phone booths will say, "The Lookout," taxicabs will be labeled "Getaway Car" and deli bags will say "The Stash."

Other areas of the city that will be blanketed are sidewalks, which will say "perp walk," and coffee sleeves, which will read "the heat."

Juris even convinced one car service company to participate by carrying ads on black town cars that say "unmarked car."

Which makes it easier to know where to aim your eggs.

The network's campaign is a push to nab that ever elusive demographic that guarantees pleased advertisers.

The multi-million dollar outdoor ad campaign is the largest ever for the network, which is trying to revamp its image for a more youthful audience.

"Everyone thinks Court TV is seen as serious and stodgy," said Marc Juris, general manager of programming and marketing at the network. "We did want to articulate through the ad campaign that we can be more contemporary and breezy as we tell a story."

More celebrity trials, please. Especially if Colin Farrell decides to sue this so-called J.J. shopping around his Playboy Bunny sex tape.