Magazine world view: No Magic at Ebony; GQ.com relaunches; East-West closes; Dow wants to buy other half of SmartMoney

Magic Johnson's bid to buy Ebony and Jet publishers falls through (Folio:)
Reader's Digest emerges from Chapter 11 (Folio:}  
Active Interest Media buys nine equine magazines, seven web sites (Audience Development) 
U.S. and U.K. ABCs partner for international product report (Audience Development) 
Murdoch's paywalls are 'antithetical to everything' claims Guardian's Rusbridger (Brand Republic)