Cityfile: New York's Most Notable and Influential

• How's the New York Times Co. planning to lift itself out of the financial mess it's been in? Times Co. chief Janet Robinson says more cuts are on the way and the company is planning to sell off more assets. Also, there's some sort of paid membership model in the works, apparently. [WSJ, Gawker]
• Related: The paper says it will sell its stake in the Red Sox by January. [BG]
• What you missed at Walter Cronkite's funeral yesterday. [NYT, WaPo]
• Best-selling author E. Lynn Harris has died. He was 54. [NYT]
• More magazine is teaming up with Candace Bushnell on a new Web series starring 90210's Jennie Garth and Talia Balsam from Mad Men. [MW]
• After a ten-year run, today is Paula Froelich's last day at Page Six. [NYM] More

Lenny Goes Bust | Lenny Dykstra, the former member of the New York Mets who tried to pass himself off as all-knowing financial guru, real estate investor, and magazine entrepreneur in recent years, filed for bankruptcy protection today. [Reuters]

• The feud between Stephanie Seymour and Peter Brant has gone from bad to worse. After tussling with Brant's bodyguards last week, Seymour was issued a summons on Saturday after she "yanked the keys out of a Brant-hired security guard's car, threw them in the bushes, and then used her Range Rover to block the driveway of the couple's Greenwich estate." Just imagine what's going to happen when the two actually face one another in court. [NYP]
• Lindsay Lohan and Sam Ronson appear to have reunited. Enjoy it while it lasts! If history is any guide, by this time next week, the couple will have had another messy brawl, LiLo will be melting down on Twitter, and Sam will be running off to another foreign country to get away from her. [Sun, People]
• Madonna has managed to "convinced" three appeal judges in Malawi to let her appeal baby Mercy, or so says the Telegraph of London. [Telegraph] More

• Bad news: Magazine ad pages were down 11% in 2008 and 17% in the fourth quarter. Good news: They now take up less room in your bag. [AdAge] 
• New York magazine is cutting editors' salaries. [ATD]
• Both OK! and the Star are laying off staff. [Jossip]
• Obama is expected to tap Julius Genachowski as FCC chair. [B&C]
• MSNBC plans to broadcast the inauguration at Starbucks locations. [NYT]
• Literary agent David Vigliano has filed suit against Lenny Dykstra. [NYP]
• John Mayer is taping a new pilot for CBS. [People]
• American Idol's debut roped in more than 30 million viewers last night, but that's down 10 percent compared to last year's premiere. [Reuters]

• As expected, Barack Obama has been named Time's person of the year. [Time]
• Oprah has negotiated a deal to produce movies for HBO. [Reuters]
• It appears the end is near for Lenny Dykstra's Players Club magazine. [NYP]
• News Corp. is moving its listing from the NYSE to the NASDAQ. [NYT]
• American Idol was the most time-shifted show in primetime in 2008. [Reuters]
• Cutting web staff seems to be a popular way for magazines to keep their print titles afloat. [NYO]