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) 
• GQ.com relaunches with simpler navigation (Brand Republic) 
• Magazine editor paid damages after Take A Break slur (Press Gazette) 
• Teen magazine's 'War' issue is stellar (Utne Media Blog) 
• Haymarket's Autosport magazine launches e-paper version (paidContent) 
• Dow Jones in negotiations with Hearst to buy remaining half of SmartMoney (paidContent) 
• East West Magazine to close, again (Audience Development)