♦ Gordon Gekko will live again: A sequel to Wall Street is in the works, although Michael Douglas has yet to sign on to the pic. [Variety]
♦ The downturn has been good for financial news sites: CNNMoney.com and BusinessWeek.com have both experience record growth. [WWD]
♦ The new issue of Rolling Stone is shorter and skinnier than issues past. [AP]
♦ Andy Lack, the former president of NBC News (and, more recently, the relatively unsuccessful CEO of Sony Music) is joining Bloomberg L.P. as CEO of the company's multimedia group. [NYO]
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DAILYFILE
Media
A Sequel to Wall Street, A New Job for Andy Lack
Media Remainders
New Publisher for Rolling Stone, No Sale for HuffPo
- Arianna Huffington says her website is not for sale, but that's probably just because no one is interested in paying $200 million for it. [Gawker]
- Jann Wenner has tapped Will Schenck as the new publisher of Rolling Stone. [Mediaweek]
- The John Edwards scandal provided a nice boost to the National Enquirer. [WWD]
- ABC has five new shows for the fall. [AdAge]
- ESPN has a late-night talk show in the works. [NYP]
- Rising cable news star Rachel Maddow drives a pickup truck and doesn't have a TV in her NYC apartment. [WaPo]
The Downturn
The Magically Shrinking Magazine
Finally, a silver lining to the declining economy! This month you won't need to put in extra time at the gym in order to be fit enough to carry the fall issues of Vogue and W home from the newsstand (nor will it take 20 minutes of flicking until you reach any actual content): ad pages in both mags (as well as other fashion and beauty titles) are way down, reports the WSJ today, as advertisers, especially mid-tier brands, scale back. (Anna Wintour won't be hanging up her Chanel couture just yet, however: The September Vogue still has 674 pages of ads.) Similar shrinkage will soon take place at Rolling Stone, news that actually may be welcome to the mag's core readership of aging rock fans, since they probably have difficulty raising their arms anyway. Founder and publisher Jann Wenner has decided to shave a few inches off the mag's size, although he's quick to point out that the mag is going to spend more on production, with glossier paper and a flat, glued spine instead of staples, in the hopes of attracting new advertisers and younger readers. What, slapping the Jonas Brothers on the cover to appeal to ten-year-old girls wasn't enough?
Gossip
Did Uma and Arki Tie the Knot?

- Did Uma Thurman and Arki Busson get secretly married during their engagement party earlier this month? If so, does that mean the European vacation they're on right now is really a honeymoon? [Page Six]
- Frances Bean Cobain is supposed to be interning at Rolling Stone this summer. But it seems she isn't doing her job: She's been calling in sick, wearing funny outfits, and not getting coffee. [Page Six]
- Alex Rodriguez's "friends" say his soon-to-be ex Cynthia used her psychology degree to brainwash and emotionally abuse him. Also, she refused to let him eat Spanish food because she didn't want him to seem like a Latin player. [Rush & Molloy]









