• Is Time Warner planning to shed its Time Inc. magazine division? [Crain's]
• Condé Nast is hunkering down for a big round of budget cuts, as you've probably heard. One Condé title that happens to be doing quite well: Vanity Fair's Italian edition, which having its best year ever, apparently.
• Saturday Night Live's Jenny Slate won't be punished for cursing on the air. But it's looking like Darrell Hammond may have been dropped from the show.
• Tina Brown's Daily Beast is planning to get into book publishing. [NYT]
• Former Times film critic (and Turner Classic Movies host) Elvis Mitchell is in financial trouble again: He reportedly owes $500,000 in back taxes. [P6]
• How much the cast of The Hills makes might make you nauseous. [TDB]
• Can Twitter ever earn enough in advertising revenue to justify its recent valuation of $1 billion? It's highly unlikely, say some observers. [AdAge]
• Cloudy With a Chance of Meatballs was No. 1 again this weekend. [LAT] More
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DAILYFILE
Media Roundup
Time Warner Rumors, Condé Cuts & SNL
The Circuit
The Wednesday Party Report
At last night's opening night party for the New York City Ballet's David H. Koch Theater, guest of honor David Koch and wife Julia mingled with Candace Bushnell, Sarah Jessica Parker, Alicia Keys, Al Roker, Debbie Bancroft, Lisa Falcone, Mary Alice Stephenson, Alexandra Lebenthal, Zani Gugelmann, Annie Churchill, Peter Martins, Veronica Webb, Mark Indelicato, Blythe Danner, Valentino, Rachel Roy, Derek Lam, Peter Som, and Vanessa Williams, who all ate, drank, and danced to inaugurate the new Lincoln Center venue. [Wireimage, PMc, Style.com]More
Gossip
Madonna's Noise Issues, Jen's Attention-Seeking Tactics
♦ Madonna's neighbors in her Central Park West building aren't happy that she has turned her seventh-floor apartment into a music studio. (It was originally supposed to be an office for Guy Ritchie.) Now she stays up all night blaring music and practicing for her shows. [NYDN]
♦ Alex Rodriguez is thinking of following Madonna on tour next month when she plans to make stops in Brazil, Chile, and Argentina. [R&M]
♦ Is Jennifer Aniston secretly leaking pregnancy and marriage rumors about herself to the tabloids as a way to steal attention away from Brangelina? [MSNBC]
♦ Friends of Padma Lakshmi want everyone to know she is not a gold digger. She's a "hard-working, self-made woman" who just happens to only date extremely wealthy, older men. [P6]
♦ Peaches Geldof and Max Drummey's 97-day-old marriage may already be on the rocks. [The Sun]More
Buyers & Sellers
Fashion's Downtown Girl Buys Uptown

- Ruffle-loving fashion designer Betsey Johnson closed on a one-bedroom, 850-square-foot condo on the 10th floor of 30 East 85th Street for $1.854 million.
- It looks like Chris Noth meant what he said about New York being so over. The Sex and the City star—and Greenwich Village resident—just closed on a 3-bedroom house in Sherman Oaks, Calif. for $1.445 million. [Real Estalker]
- SNL funnyman Darrell Hammond and his wife Elizabeth have sold their co-op apartment at 230 Central Park West for $1.37 million. [Real Deal]









