Conrad Black was once one of the most powerful men in the publishing business. He bought London’s Daily Telegraph newspaper in 1985 and eventually owned hundreds of newspapers throughout the U.S. and Canada. But all that changed in 2007, when a U.S. Circuit Court convicted Black of fraud and obstruction of justice. He was released from prison last year, midway through his six-and-a-half year sentence, after an appellate court dropped two charges against him. Then in June of this year, a Chicago court upheld two other charges of defrauding investors against Black, ordering him to return to prison for a 13-month sentence, which he began yesterday.

• Business Takeout: New York Times finance reporter Louise Story explains why Goldman Sachs is paying its 30 top people bonuses entirely in stock, rather than cash.
• Publishing Takeout: Another blow was dealt to the newspaper industry yesterday when the Nielsen company decided to fold Editor & Publisher magazine. Greg Mitchell, editor of the 125-year-old trade magazine, shares his memories of the paper and his expectations for the industry it leaves behind.
• Listener Takeout: We hear from our listeners about President Obama's Nobel Peace Prize award in Oslo, yesterday.

• Business Takeout: Louise Story tells us about a controversial new procedure at the Dallas Morning News and several other papers owned by the A.H. Belo Corporation, which asks some journalists to run their stories by the paper's sales department as well as by editors.
  
• Sports Takeout: Sports contributor Ibrahim Abdul-Matin discusses what's at stake for international soccer teams at the much anticipated World Cup draw, scheduled for later today in Cape Town, South Africa.
• "The Waiting Room" Takeout:  The Takeaway is staying connected to Americans seeking healthcare with "The Waiting Room," a multimedia project and film documentary that collects interviews with patients at Highland Hospital in Oakland California.  Hear Producer/Director Peter Nicks on the genesis of "The Waiting Room."  Here's a recent video from the project:

Watch more from "The Waiting Room" here.

The future of the Boston Globe is in peril, as the paper's owner, The New York Times Company, and the unions continue to negotiate. The company is looking for $20 million of cost cuts in order to save the 137-year-old broadsheet. The Globe—one of the biggest names in journalism—is the highest selling paper in New England and the 14th largest in the nation. But its owner has threatened to close up shop if The Globe can't stem losses expected to reach $85 million this year. Joining us to discuss the paper’s fate is Emily Rooney. She is the host of the news show Greater Boston, she also the also hosts the weekly media criticism show, Beat the Press. For a sense of what the city and its readers will lose we are also joined by two devoted Boston Globe readers: David E. Williams of Brookline in Boston and Catherine Bumpus of Woods Hole, Mass.

For months, if not years, the plight of the newspaper industry has been well documented. We've certainly covered it on numerous occasions. Circulation is down, reporters are being laid off, papers are being merged. So why is the life of the hard boiled, gritty, grizzled and determined journalist still so intriguing? Two films out now, The State of Play and The Soloist, have newspaper reporters as the central figures. Hollywood is still depicting newspapers as heroes on screen in a year when the industry's struggles have come to a full boil. The Takeaway is joined by New York Times film critic A.O. Scott to ask if these films are suddenly an anachronism.

State of Play opened in theaters last week:



The Soloist opens this weekend:

For years, ethicist Randy Cohen has patiently guided readers through moral quagmires in his weekly column in the New York Times "The Ethicist." Now he is branching out from his popular Sunday column and is bringing his moral view to a new arena: The news. He will cast his ethical gaze on hot topics and in the news and discuss their broader moral implications. Randy Cohen joins The Takeaway to discuss his take on Madonna's failed adoption of a little girl in Malawi.

Check out Randy Cohen's column, Moral of the Story, in today's New York Times.

This week the Hearst Corporation will announce if it will shutter the 146-year-old Seattle Post-Intelligencer or turn it into an online-only publication with a much reduced staff. This is only the latest in a seemingly endless list of newspapers that are threatened with closure. Jacqueline Banaszynski, who holds the Knight Chair in Editing at the Missouri School of Journalism, talks to Farai and John about what it means to a community to lose a newspaper.