• Martha Stewart has sold a third of her shares in her eponymous media company. But she's still as anal as ever around the office. [NYP, Gawker]
• Bill Kristol's New York Times column has come to an end. [NYT]
• Fashion and beauty magazines will see a 22 percent decline in advertising pages during the first three months of the year. [WWD]
• Doubledown Media, the publisher of Trader, is reportedly up for sale. [NYP]
• Conde Nast is reorganizing its web division. [MW] 
• Moody's has downgraded New York Times Co. debt to junk status. [NYP]
• A long Q&A between Lesley Stahl and Rachel Maddow. [Wow]
• Sundance ended yesterday without a big sale. [NYT]
• Once again, Paul Blart: Mall Cop was No. 1 at the box office. [THR]