• Sundance was a lower-key affair this year thanks to the economy. [WWD]
• Layoffs: Rumor has it The Weinstein Co. cut as many as 30 staffers today. And a big round of layoffs could come to CBS next week. [Gawker, LAT]
• The Vancouver Olympics could cost NBC as much as $250 million. [THR]
• Keith Olbermann's ratings are down. Guess there are only so many times you can call Bill O'Reilly the worst person in the world before it gets old. [DF]
• BusinessWeek continues to staff up. Eric Pooley (formerly of Fortune) and New York's Hugo Lindgren are joining the Bloomberg-owned mag. [TW, TBM]
• Could a Catcher in the Rye be coming soon? Don't hold your breath. [LAT]
• Does Rudy Giuliani make stuff up every time he appears on TV? Yes. [NYT]
• Mort Zuckerman says Rupert Murdoch's plan to launch a local edition of the Journal is a "brilliant move." Translation: Extra competition for the New York Times is a good thing, especially when someone else is paying for it. [Forbes]
• The Grammy Awards go down on CBS on Sunday night. [NYT]
• George Stephanopoulos and Hillary Clinton are related? Apparently so. [AP]