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Si Newhouse Catches a Break | It looked like Condé Nast boss Si Newhouse was going to lose big when he put a prized sculpture up for auction at Sotheby's last night. But he ended up doing fine! Or close to it, least. Instead of losing as much as $10 or $12 million on the sale, he only came up $2.8 million short in the end: More

It's been a brutal few weeks at Condé Nast as the magazine giant has shut down four magazines and slashed hundreds of jobs. The pain, however, isn't limited to the rank and file. A prized piece of art from the collection of Condé Nast chairman Si Newhouse goes up for auction tomorrow at Sotheby's and despite the fact he stands to lose much as $10 million by selling now at the market abyss, Newhouse has opted to try and unload the piece anyway. Desperate times call for desperate measures, it seems.More

• Tom McGeveran took over as editor of the Observer after Peter Kaplan made his exit this spring, but now he's headed out the door as well. [NYO]
• Layoffs: The cuts at Condé Nast continue though they should end soon; the layoffs at Forbes this week were deep ones: 1 in 4 editorial staffers were let go.
• Newsday's website erected a pay wall today. Good luck with that. [E&P]
• The Michael Jackson movie This Is It sold $2.2 million in tickets on its opening night, which is pretty good considering it was a Tuesday. [LAT, NYT]More

• Nell Scovell, a writer on Dave Letterman's show in the late '80s, has stepped forward to detail the show's "hostile, sexually charged atmosphere." [VF]
• Layoffs: Yesterday's cuts at Forbes claimed 30-40 people; reality TV-focused Teen Vogue laid off half a dozen staffers today; the cuts continue this week at W; and a big round of cuts could go down at Time Inc. sometime next week.
• Sarah Palin's memoir, which comes out next month, had already earned her $1.25 million even before she stepped down as Alaska's governor. [AP]
• Michael Jackson's This Is It debuts in theaters tonight. [NYDN]
• How's Jay Leno's new show doing more than a month in? Not so good. [NYT]More

• Bad news for CNN: The network now occupies fourth (and last) place in the cable news ratings. Not only did it fall behind Fox News and MSNBC in October, it also dropped below its sister network HLN as well. [DF, NYT]
• More bad news for newspapers: Sales were down 10 percent between April and September; the New York Times' weekday circulation has now fallen below 1 million for the first time in two decades. [AP, NYT, AdAge]
• As rumored, Forbes carried out a round of job cuts today. [NYT]
• Ricky Gervais will be the host of the 67th Annual Golden Globes. [LAT]
• If you love Top Chef and Top Chef Masters, you'll be pleased to hear that a third iteration, Top Chef: Just Desserts, will debut on Bravo next year. [THR]
• Rosie O'Donnell's new Sirius XM show debuts next week. Get excited! [USAT]
• Self editor Lucy Danzinger has no need for the Town Cars normally provided to Condé Nast editors. After she's finished running six miles in Central Park in the morning, Condé's bravest editor straps on a helmet and bikes to work! (Except when it's snowing or she has an important meeting, of course.) [NYT]

Ever since McKinsey & Company finished up its three-month review at Condé Nast a few weeks ago, the publishing giant has been busy cutting costs, closing down four magazines and laying off staff at most of its remaining titles. But perhaps instead of hiring the pricey consulting firm, Condé should have traveled to the front lines to talk to one of the guys who sells magazines for a living? To gain some insight into the future of printed media and find out what sells (and what doesn't), we headed over to a newsstand on Third Avenue to chat with a kind gentleman named Naseer. You'll find his thoughts on the layoffs and career advice for unemployed journalists below. More

• The job cuts at Condé Nast continue. (Apparently laying off everyone at once would have just been too easy.) Yesterday it lowered the boom at Vanity Fair and GQ, although VF editor Graydon Carter managed to shield his eyes from carnage since he'd jetted off on vacation earlier that morning. [NYP, WWD]
• News Corp. appears to be the front-runner to buy the Travel Channel. [NYT]
• NBC has picked up Community, Parks and Recreation, and Mercy for the full season. It's also signed Adam Carolla and Don Cheadle to each do a show.
• Last night's premiere of The Jeff Dunham Show set a new record for Comedy Central, which, if you've seen Dunham, is a sad statement indeed. [Wrap]
• Silliest rumor of the day: Politico reported this morning that friends were urging Fox News chief Roger Ailes to run for president in 2012. But that's not going to happen, of course, so a few hours later Politico posted Ailes' denial.
• The first official portrait of the Obamas was taken by Annie Leibovitz. [VF]
• A few early predictions for Best Picture, if you're interested. [LAT]

• Both Google and Facebook are getting into the music biz, apparently. [NYT]
• ESPN's Steve Phillips has a pretty messy sex scandal on his hands. [NYP]
• Condé Nast's latest effort to branch out: It's starting discount travel site called Jetsetter in partnership with Gilt Groupe. Meanwhile, this week's Observer recaps Condé's recent problems and reflects on the good 'ol days. [NYT, NYO]
• People's decision to pay big bucks for exclusive pics of kidnapee Jaycee Dugard sure paid off. The issue sold 2 million copies last week. [WWD]
• Who will be the next editor of BusinessWeek? Jon Friedman thinks former Portfolio editor Joanne Lipman would be a "fine choice." And she may be, provided Bloomberg is looking to destroy what's left of the magazine. [MW]
• Michael Steele is now (officially) Us Weekly's editor-in-chief. [NYT]
• How many people despise cable news clown Glenn Beck? Enough that the network has hired a bodyguard to follow him everywhere he goes. [P6]
• Yet another book "by" Michael Jackson may be coming soon. Super! [Crain's]

• It's Tuesday, which means fresh job cuts at Condé Nast have been revealed. In addition to the dozen Glamour staffers laid off yesterday, Style.com will cut Candy Pratts Price. And 200+ more layoffs could be ahead. [WWD, NYP, FWD]
• Maybe Condé Nast's fancy iPhone application, which was announced today, will stem the red ink? Maybe not. But it certainly can't hurt either. [AdAge]
• BusinessWeek editor-in-chief Steve Adler says he will step down once the sale of the magazine to Bloomberg LP is completed in about a month. [BW]
• Sarah Palin will be Oprah's guest on November 16 as the former governor embarks on her book tour. Many of her fans aren't happy, unsurprisingly. [CT]
• The search for a Good Morning America co-host continues at ABC News. The front-runner at the moment seems to be George Stephanopoulos. [LAT]
• Malcolm Gladwell says journalists shouldn't go to journalism school. [Time]
• Harvey Weinstein's book publishing company is giving up its independence. It will be combined with Perseus Books starting December 1. [WSJ] More

• The New York Times says it will cut 100 newsroom jobs, or roughly 8% of its editorial workforce, via buyouts and/or layoffs. [NYT, NYO]
• The Condé Nast cuts continue today at Wired, Glamour and Lucky. [Gawker]
• The bad news for NBC: It's facing blowback from its affiliates over Jay Leno's 10pm show. The good news: MObama is booked on Leno this Fri. [LAT, AP]
• Meanwhile, Vivendi, NBC and Comcast are inching along in their respective negotiations to hand over control of the network to Comcast; and former News Corp. exec Peter Chernin has signed on to advise the cable giant. [NYT, WSJ]
• CBS News paid tribute to late 60 Minutes creator Don Hewitt today. [AP]
• Ticket sales were up big this weekend. As expected, Where the Wild Things Are came in No. 1 at the box office with $32.5 million in sales. [LAT, THR] More

• Rupert Murdoch and John Malone are "interested" in a deal with NBC Universal, but have yet to pick up the phone and do anything about it. [THR]
• Condé Nast cut sales staff at W and Vanity Fair today and proved that no one is safe by dismissing the wife of a Newhouse family member. Some good news: magazines are reporting that automotive advertising is way up, so maybe the auto industry will end up saving print media! Crazier things have happened.
• The Ticketmaster-Live Nation merger is running into trouble in DC. [WSJ]
• The Fox News-White House brouhaha continues, not surprisingly. [THR]
• Fox Reality, which is going off the air next year, will be replaced by a new channel called Nat Geo Wild. Think less Cesar Millan, more Jeff Corwin. [NYT]
• Were you dismayed that yesterday's little balloon incident generated so much cable news coverage? Wait till you see what's in store next week! [CJR]More

• Is New York magazine up for sale now that Bruce Wasserstein has died?  There's no reason to assume so, but that isn't stopping people from tossing around the names of some very unlikely "contenders." [NYP, AdAge, DF]
• Related: David Carr of the Times details how Wasserstein benefited the magazine; Daniel Gross of Slate focuses on his commitment to journalism; and New York's editors offer up their own heartfelt tribute to the mag's late owner.
• The cuts at Condé continue: Golf World felt the pain today. [Gawker]
• SNL has cut a deal with Anheuser-Busch to stick beer ads into the show. "Maybe if we drink enough the show will actually seem funny." [LAT] More

• The Condé Nast job cuts have made their way to Anna's domain on the 12th floor of 4 Times Square: Vogue laid off six staffers today. [AllThingsD]
• More bad news for Condé: some advertisers are reportedly "jumping ship" after the recent shake-up at Brides. On the plus side, The New Yorker appears to be hiring, so you can take that as good news if you'd like. [NYP, NYO]
• Remember how the New York Times Co. was planning to sell the Boston Globe? Yea, well, NYT publisher Artie Sulz has changed his mind. [AP, BG]
• Mike Bloomberg totally approves of Bloomberg LP's decision to buy BusinessWeek. Translation: The mayor backs the decisions he, himself, makes even if he contends that he wasn't actually responsible for making them. [NYT]
• Is Bloomberg LP's acquisition of BusinessWeek part of a big, new plan to compete with the Wall Street Journal and Dow Jones? Sure seems like it. [NYT]
• Meanwhile, WSJ staffers gathered today to toast the news that the Journal has surpassed USA Today as the top-selling paper in the U.S. [Politico, E&P]
• CBS News is now "investigating" the David Letterman saga (and his employer CBS!) as part of a future story. That must be a bit awkward, huh? [NYO] More

• Comcast is "leaning toward" keeping Jeff Zucker as NBC Universal's CEO if it goes ahead with a deal to buy take control of the company. [Bloomberg]
• The Fine Living Network will be rebranded as the Cooking Channel—and positioned as a Food Network competitor—in the second half of 2010. [AdAge]
• Some laid-off staffers at Condé Nast are furious about the severance they've received; chances are ex-Gourmet editor Ruth Reichl isn't one of them. [NYP]
• Does NBC's decision to cancel Southland "signal an abandonment of a decades-long commitment to drama"? Some seem to think so. Meanwhile, the show's producers are looking for a new home for the cop drama. [NPR, LAT]
• Let the hair battle begin: Disgraced former Illinois Gov. Rod Blagojevich may be a contestant on Donald Trump's Celebrity Apprentice next season. [CT]More

Condé Nast has been busy slashing staff all this week. (It's rumored the cuts continued today at Glamour, and some suspect that other publishing companies like Time Inc. are now gearing up to follow suit.) Clearly, though, it's all part of Condé's master plan to move out of unprofitable businesses like magazines and expand into markets that do make money. Like online dating. Yes, because meeting that special someone on the Internet is like "your winter Ugg boot obsession: totally understandable and great in the comfort of your own home, but not something you would brag about at a chic cocktail party," Condé Nast has introduced TrulyMadlyDating.com in order to "unite glamorous girls with fashion-conscious GQ-reading boys to create matches made in style heaven." Yes, we did quickly check a calendar. And, no, today is not April 1st. [Vogue UK via Fashionista]