Magazine world view: Hot M&A'; Playboy cuts; Meredith cuts; Economist phones it in

Media M & A heats up in first half (Folio:) 
Playboy reduces headcount again (Folio:)
Digital magazines don't encourage socializing (New York Times)
Seventeen.com relaunches with social-network push (Mediaweek) 
Conde Nast to launch newsstand-only special editions (Audience Development)
Bloomberg BusinessWeek snags new circulation head from Hearst (Audience Development) 
Cygnus folds weekly