Kevin: Jay Rosen gives some advice to the Cleveland Plain Dealer following the meltdown of their blogging experiment Wide Open. Jay called P-D’s reader rep’s explanation: ‘almost a primer in legacy media sludge think’

Kevin: Frightening graph showing McClatchy’s $4bn loss in market value in two years after it purchased Knight-Ridder. McClatchy is a hard-driving, focused company. Pretty unsettling.