Women's Wear Daily reporters will be wearing Google Glass to cover New York Fashion Week, which will "allow the team to capture videos on the fly and create other interactive content, including GIFs, from behind the scenes," writes Belisa Silva.

First Look Media, the new journalism venture backed by eBay founder Pierre Omidyar, will launch its first digital magazine next week. Omidyar announced on his web site that it's initial focus will be "in-depth reporting on the classified documents previously provided by NSA whistleblower Edward Snowden." The new site will be led by journalists including Glenn Greenwald, Laura Poitras and Jeremy Scahill.

Seventeen magazine is relaunching its YouTube Seventeen Channel with original content from five YouTube personalities, as well as "introducing a related multichannel network for fan-contributed content," writes Todd Spangler.

CNN is shuttering the year-old CNN Latino, the eight-hour programming block of news and lifestyle content targeted to Hispanics, because it failed to reach "business expectations," according to the company.

"A handful of media giants control the advertising and subscription pies" in the TV biz, an unsurprising conclusion from a new report by Sanford C. Bernstein analyst Todd Juenger. Top six in ad revenue, in order: NBC (with about 20% of the $37 billion market), Disney (17%), Fox (12%), CBS (11%), Viacom (11%) and Time Warner (10%).

Jane Francisco, brought in as editor last November to "evolve" the 129-year-old Good Housekeeping, has already revamped the cover's graphic significantly with the March issue, "infused personality into its social-media feeds," and might consider changing the pub's admittedly old-fashioned name, reports Michael Sebastian. More changes should come.

Pretty lame, according to this scathing attack on the Times' editorial department -- a topic that seems oddly timely, considering one of the most hotly debated topics this week was a letter published under the purview of that department: Dylan Farrow's accusation that Woody Allen molested her. Meanwhile, Times executive editor Jill Abramson defends the department, as quoted at length in a post in Capital New York.

Time Inc. began its second round of anticipated staff layoffs on Tuesday, Feb. 4. "The ultimate number of cuts will be less than 500, according to a person familiar with the process," writes Michael Sebastian. Among those leaving: David Geithner, exec VP-president of the Style and Entertainment Group, and Ed Kelly, CEO of American Express Publishing,

Hyundai and Coca-Cola  have backed out of sponsoring the Academy Awards this year, after lengthy tenures (five years for the carmaker, eight years for the beverage giant) as exclusive, top-spending advertisers in their categories, according to Anthony Crupi. But these spots were snapped up in short order for the March 2 telecast by General Motors and Pepsi, sources say.

"At a time of atomization in which we all end up down the hobbit holes of our special interests, big live television fulfills" a real human need for group connection, writes David Carr -- a  prime reason why a few events like the Super Bowl, the Grammys and the Oscars have grown ratings each year,  "even as network ratings have dropped 29 percent over the last decade."