Bear with me as we recap last week's 100-yard dash of media industry financial woe before breasting the tape of eternal doom. First comes ITV with its 40% profit decline, 600 redundancies and regional closures, then Channel Five making one in four people redundant - saving almost as much money as Channel 4 will gain from Kevin Lygo halving his £1m pay package. In print, things are no less unappealing. The ABCs for national newspapers recorded almost universal sales decline, with no sector growin