Weekend media business news aggregated....

-SDH Former Regan Books queen Judith Regan and News Corp has come to an agreement to leave each other alone with Regan reportedly pocketing major cash from her former employer. Was the suit settled out of court to prevent further information to come to light to avoid throwing Rudy Giuliani's presidential campaign in limbo? Wait, Rudy Giuliani's campaign was dead right out the gate. [NYT] Vivendi which owns the world biggest record company Universal Music Group, says that the current situation in the music industry is waaay over blown. Vivendi CEO Jean-Bernard Levy says that the industry it just going through a transition at the moment. Yeah, the transition from quality artists to shitty one hit artists. [Reuters] Former Oxygen CEO Geraldine (Geri) Laybourne is traveling abroad planning her next move being that Oxygen was sold from underneath her. Hey Geri, your buddy Oprah is setting up a whole new Network with Discovery called OWN. Maybe she needs someone to run it for her!! [Portfolio] Tom Glocer, CEO of media and financial giant Reuters Group Plc said that the company had a good start in 2008, and that the merger with Thomson Corp is on schedule and should clear in the first quarter. Good because, we need some big media news. Jeff Bewkes isn't giving us a show at Time Warner. [Reuters]