LAT in 90 Seconds

Stealing Its Own Thunder: So much for understanding the media. CBS Corp. announced its “rapid evolution from an old-media titan into a powerful Internet player” with a “Rolling Thunder,” a new online network that will partner with Microsoft, Comcast and Yahoo. They thought the news was all anyone would talk about. Then they fired Imus.

Newest Trend Story: Be on the lookout for more “Big Water” stories. They’ll be everywhere. They’ll be important. And no one will read them.

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