Newspaper Roundup: DJ Settlement; Star Tribune; NCT Buyout; McClatchy Downgrade; Bruce Sherman

Dow Jones: As tipped last month, the SEC has settled an insider trading complaint against ex-Dow Jones (NYSE: NWS) director David Li and certain affiliated parties. Li was alleged to have passed on news of News Corp.’s bid for Dow Jones to friends, and though he won’t admit to wrongdoing, he will pay an $8.1 million fine. Affiliate Michael Lueng, who traded with the help of his daughter and son-in-law, will pay another $16.2 million. Statement.

Star Tribune: The Minneapolis daily has laid off 58 staffers – about 3 percent of the newspaper