ASME Is In No Mood To Party|Time Warner Wants To Ditch AOL|MSLO Takes A Hit|A Bad Day At The NAA|The Boston Globe Talks Are Looking Good


WWD: Since the magazine industry is screwed, the American Society of Magazine Editors is scaling back the party for tonight’s National Magazine Awards
New York Times: Time Warner is nearing a decision to spin off America Online
Reuters: Martha Stewart Living Omnimedia reports a $16.8 million first quarter loss because of a bad deal with KMart and falling magazine revenues
FishbowlLA: The Newspaper Association of America is laying off half of their staff and folding Presstime magazine
Editor & Publisher: Boston Globe publisher P. Steven Ainsley seems optimistic about the negotiations to keep the paper alive



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