The May 11 issue of Fortune Magazine is a perfect demonstration of what the three largest business magazines have done for decades. Its cover story, “How Bernie Did It’ is the culmination of a four-month investigation into the details of Bernie Madoff’s life and business operations written and reported by three of Fortune’s best editorial staff members, one of whom is a Pulitzer Prize winner. This issue of Fortune is also an example of why the magazine and its competitors Forbes and BusinessWeek, will soon no longer be able to publish these kinds of stories. The May 11 issue has 92 printed pages and covers. There are only 21 pages of paid advertising compared with more than a hundred pages in a spring issue 20 years ago.

Written by Russ Daniels,  CTO of Cloud Services Strategy at HP.

In light of all of the historical comparisons about the current economic situation and its proposed fixes, I’d like to offer my own perspective based on technology trends that have the potential to re-ignite growth for decades. My analogy comes from what at first sounds like an unlikely source: the automobile industry.

Can a lawyer hire a third person to send a “friend request” to a witness? According to an opinion from the Philadelphia Bar Association’s Professional Guidance Committee the answer is no.

Larry Page’s grandfather was an assembly worker at the Chevy plant in Flint Michigan, and his dad thought that computers were a fad. A touching story about his dad.

Rupert MurdochRupert Murdoch took a swipe at MySpace rival Facebook Thursday after News Corp. reported weaker-than-expected sales at its Fox Interactive Media unit, which consists mainly of MySpace. FIM online ad revenue during News Corp.’s fiscal third quarter ending Mar. 31 dropped 16% while the unit’s revenue overall fell 11% to $187 million.

The IT organization and the business units should be much more in tune. Here’s one way to make that happen.