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I'm the Â鶹Éç's media correspondent and this is my brief selection of what's going on.

The announcement of the sale of the Independent to Alexander Lebedev is expected "very shortly", says Independent News & Media in its results announcement. that its pre-tax profits fell by 39%.

The Daily Telegraph scooped six of the British Press Awards last night for its expose on MPs expenses, including Newspaper, Journalist, Campaign, Scoop and Political Reporter of the Year the .

The chief executive of Guardian Media Group Carolyn McCall is leaving to become chief executive of EasyJet .

A TV commercial in which Lenny Henry parodies the horror film The Shining has been banned from children's programming. The Advertising Standards Authority said it was likely to frighten young viewers .

The Justice Secretary Jack Straw has announced libel reform proposals aimed at tackling the "chilling effect" of Britain's strict laws, and stopping "libel tourism" .

Legislation to allow product placement on commercial television will be introduced to Parliament before the election .

Speculation about the Budget occupies the newspapers as .

Links in full

• Read Tuesday's Media Brief.

• Read .