You won't want to miss this thorough WWD report on life inside Newsweek. It's mostly what you'd expect from Tina Brown: the magazine is constantly torn up, resulting in exhaustion and money burn, and, while some enjoy the thrill—being around a Tina turnaround joint is a great kind of rollercoaster!—the anonymous employee quotes are brutal. (Sample: "You’re exposed relentlessly to the truth that we’re not putting out a good magazine.") READ MORE

1. Before we proceed, we might all need to take a moment to acknowledge that we've reached the point in our culture where former editors of the New Yorker are writing fanfiction. Publicly, I mean; who knows what William Shawn scribbled in his most private notebooks, and in some sense who wouldn’t want to know, how many miles to Babylon, etc. But still. Fanfiction, in a “news magazine.” READ MORE

Not just two white men are without jobs, though they're the nice anecdotal evidence for the cover of Newsweek, which announced "The Beached White Male." Oh, you do not say: "Through the first quarter of 2011, nearly 600,000 college-educated white men ages 35 to 64 were unemployed." Oh but wait, do not make fun: "It might be tempting to snark at these former fat cats suffering lean times. But when Beached White Males suffer, so do their wives and children." (There are about 52 million married white men in the U.S., by the way.) But it's still safe to say this thesis doesn't have anything to do with numbers in the real world. READ MORE

The Daily Beast loses something like $200,000 a week. Newsweek loses around $500,000 a week. (Actually more like $538,000—that's $28 million a year.) Put the two entities together and you're losing a million dollars every ten days or so. Sure, there's some cash incoming—Newsweek has $165 million in annual revenue! Which is a ton of money... almost none of which comes from Newsweek.com. Making sense of the properties online is the most confusing order of the merger. (What will be done to the print product seems pretty obvious to most.) Particularly given that Newsweek.com has two to three times the traffic of the Beast. Here's the case for not shutting down Newsweek.com, which includes "not throwing away $9 million a year," because, you know, who doesn't like $9 million a year? Why, that pays for like 90 days of burn rate! After all, Newsweek.com only loses $38,000. Each week. Seems like almost nothing in all those other numbers, right? In any event, now the firings begin. READ MORE

"I'm the first woman editor of Newsweek, which is very exciting. You know that in the 1970s, the women editors of Newsweek launched a lawsuit against the management because there were hardly any women doing anything of any consequence on the magazine. And women's liberation took over and they hired the great lawyer, Eleanor Norton, and they went to battle for their rights. I feel that it—you know, a merger has created what the lawsuit couldn't." What a difference forty years makes.

David Cho: I love it when Tina Brown takes a metaphor too far. READ MORE

The video explains all. Apply within: nwktumblr@gmail.com. Or just mail it to 395 Hudson Street, NY NY 10014, ATTN: I WILL EDIT YOUR MAGAZINE THE BEST I PROMISE.