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Gawker reported on Friday that Adweek editor Michael Wolff will be ousted for someone with stronger ties to the advertising world. Not so, says the chairman of Adweek owner Prometheus Global Media. “Michael’s name is still on the masthead. He’s not being fired," says Jimmy Finkelstein. "If I were going to fire someone, it would not be in the pages of the magazine or a news site. We do have differences, but we’re working through them to continue to build Adweek.”

The Wall Street Journal's Russell Adams also talked to Finkelstein, and reports the Prometheus chairman didn't exactly throw his support behind Wolff, "but he didn’t throw him under the bus, either." Finkelstein told Adams that Adweek under Wolff is doing “very well” and that while there are “some issues along the fringe,” the “statistics are good.”

Gawker
The New York Post reported two weeks ago that Jimmy Finkelstein, who hired Michael Wolff to overhaul Adweek, was looking for a replacement after deciding that his editor is -- in the Post's words -- "a controversial highbrow who has alienated old-line Madison Avenue types." Wolff shrugged off that report -- the second one in the Post in just weeks. Now Hamilton Nolan hears that as soon as today, Adweek bosses will announce that Wolff is being replaced by an editor with stronger ties to the advertising trade world. "You didn't do a bad job, Michael Wolff," writes Nolan. "You're just not the man for this job. (And you'll soon have a better job, I bet!)"

Wall Street Journal
News Corp.'s 16-member board will meet in person Tuesday for the first time since the phone-hacking scandal broke. High on the list of the directors' priorities for the meeting, according to the Wall Street Journal, is what to do with News Corp.'s $12 billion in cash. One measure the company has discussed and the board could pursue is raising the company's dividend, report Jessica E. Vascellaro and Russell Adams. (Sources tell them News Corp. isn't likely to announce any major deals or management changes soon.) Meanwhile, News Corp. watchdog and Rupert Murdoch biographer Michael Wolff writes in Adweek that "well-sourced information coming out of the Department of Justice and the FBI suggests a debate is going on that could result in the recently launched investigations of News Corp. falling under the RICO statutes." || Wolff tweets: How come Piers Morgan hasn't had me on CNN to talk about Murdoch and hacking?
> Brooks won't comment on reports that Murdoch is still paying her

Journalism.org
According to the PEJ News Coverage Index, the phone hacking scandal filled 17 percent of the newshole on network morning shows. Rupert Murdoch biographer Michael Wolff noticed the interest, and tweeted on Monday: "I'm on Today show again tomorrow --second day in A block. This story must be huge -- and interesting to the women of America." Online the subject filled 21 percent of the newshole studied, reports Mark Jurkowitz. "For the week, Murdoch himself was the second most prominent newsmaker, behind only President Obama." The No. 1 story last week -- for the fourth consecutive week -- was the U.S. economy, which accounted for more than a third (37 percent) of the newshole.