SO HOW’S THAT DAILY BEAST / NEWSWEEK MERGER WORKING OUT? “OK, now they’ve basically killed off traffic at Newsweek.com, while visits to Dailybeast.com remain flat. The brilliance of this strategy is still escaping me.”

UPDATE: Reader Tom Grant writes: “Their entire focus is to act as campaign supporters for Obama’s 2012 re-election bid, so neither traffic, advertising revenue, nor profitability, actually matter.”