Britain's "The Observer" newspaper may close

Money losing Guardian Media Group could close its weekly newspaper The Observer in a drastic cost-cutting drive, the Sunday Times reports. Members of the Scott Trust, a charitable foundation that owns GMG, had discussed the plan in early July, according to The Sunday Times.

Members were shown trial copies of an Observer-branded magazine that could replace the Sunday paper and would be published instead on Thursdays, the paper reported. GMG management agreed to put the scheme on hold while an alternative was worked out to slim down The Observer and keep it as a Sunday publication, said the report.

"An especially embarrassing correction"

New York Times corrects many mistakes appearing in Cronkite obit.

Grand jury transcript details plan to kill Oakland editor

Chauncey Bailey was murdered because he was investigating shady activity at a bakery. Grand jury hears from state's witness that two indicted men joked as they planned the crime then hugged after the journalist was killed. "This is going to be big," one of them said of Bailey's killing, according to the court document--AP, CBC.

Sunday People admits its story untrue

Pays damages to singer Peter Andre -- BBC

Venezuela shuts down first of 34 radio stations

Sinister project to "democratize airwaves" -- Reuters.