The New York Times reports that the Museum of Contemporary Art board reached a preliminary agreement on Thursday to accept Eli Broad's financial rescue offer, while the L.A. Times adds the nugget that museum director Jeremy Strick resigned in a tearful scene at the private meetingof the board. A museum spokeswoman said, however, that Strick "did not submit his resignation." The Broad deal is also said to be very tentative. For those keeping score at home, the NYT was up first with the news out of the Los Angeles meeting. NYT, LAT

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4:03 PM Fri | CBS and ABC have far bigger fish to fry - namely whether their stations can get back the auto and retail advertising that fell off a cliff in 2009.
Native Intelligence
Veronique de Turenne | And there's still time to take part!
Phil Wallace | Searching for answers after a third loss this year.
Deanne Stillman | Jihad and cash offers meet American soldiers during the Gulf War, and beyond.
Iris Schneider | After a tough year financially, the Museum of Contemporary Art put on a gala party to celebrate with 1,000 of its closest friends.
Bill Boyarsky
One of the last of Doug Ring’s many good deeds was a visit to the Los Angeles Times editorial board with members of Housing LA, an organization advocating affordable housing for the thousands of residents being forced out of the city by high rents.
Jenny Burman
Thinking more about buying less.
Here in Malibu
Seriously -- turn out the lights.
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