This edition brings an article from Folio on a study which said magazines along with confectionary and beverages make up the “power group” of top performers at the checkout. Still at Folio, an update on layoffs at Business Week as up to a third of its staff could lose their jobs through the sale of the magazine. An article from The Guardian says Media Week will close after nearly 25 years as part of the restructuring of its parent company, Haymarket Publishing. All Things Digital reports that Apple has a tablet device in the works and Conde Nast will have a digital version of  Wired ready for it by the middle of next year. Back at Folio it reports that People continues to have the largest audience in the U.S., according to top-line readership data from Mediamark Research Inc.


• Report: Magazines Account for a Quarter of Sales, Profits at Checkout [Folio]
• UPDATE: BusinessWeek Layoffs Begin [Folio]
• Media Week to close after nearly 25 years [The Guardian]
• Condé Nast’s Offering for Apple’s Mystery Tablet: Wired Magazine [All Things Digital]
• People Draws Largest Audience, Growth in Readership [Folio]