New York Times' Ron Stodghill says Dick Parsons is being forced to stand down and more in this morning's not so worthy media news

The head of Merrill Lynch got canned and Dick Parsons is about to hand over control of Time Warner to Jeff Bewkes. Does this spell doom for black chief execs in America? [NYT] Ted Turner knows when to back down from a fight he can't win. The mouth of the south made nice with the world's biggest media mogul, Rupert Murdoch over lunch signaling the end of many years of back and forth insults. Good for you Teddy. [DHD] NBC Universal shutters yet another online failure. First it was NBCi, then NBBC , now its Dotcomedy.com which was basically like Viacom's thedailyshow.com. Dotcomedy.com ran clips of SNL but never gained any real traction. Could it be because SNL lost traction about 5 years ago? [MW] While getting roasted by colleagues, former bosses and friends, former NBCer turned AOLer Randy Falco said that AOL is worth fighting for. Um.....OK [B&C]