Cityfile: New York's Most Notable and Influential

• The cuts continue at Time Inc. Fortune Small Business was shuttered today. And as many as 500 employees may lose their jobs when all is said and done. Meanwhile, parent company Time Warner reported a drop in revenues and earnings in the third quarter, as expected. [NYT, WWD, AdAge, NYP]
• Profits were up at News Corp. thanks to its film, cable, and book units. [BN]
• The publisher of Marie Claire has jumped over to Vogue. [NYO]
• Fox News came out on top in the ratings with its election night coverage. CNN performed miserably, dropping down to fourth place. [NYT, Politico]
• WNET is giving employees off between Christmas and New Year's. It's not to be nice; it's designed to cut costs since the days off are unpaid. [Crain's]
• A theory as to why Tom McGeveran quit the Observer. [Daily Intel]
• Highlights from last weekend's Tribeca Film Festival, Doha edition. [Vulture] More

• Esquire, The New Yorker, Backpacker, and Wired were all big winners at last night's National Magazine Awards, although the mood was much more subdued this year, not surprisingly. [ NYT, WWD, NYP]
• Portfolio's Joanne Lipman reflects on what went wrong. [Newsweek]
• Hollywood might be on track for its best year ever at the box office. [WSJ]
• A roundup of the winners at the Tribeca Film Festival. [NYT, THR]
• White House Social Secretary Desirée Rogers appears on the cover of the new issue of WSJ. The idea of having her pose in an Oscar de la Renta gown in the First Lady's garden was vetoed by the powers-that-be, wisely. [WWD]More

• Suggestions on places to eat in the vicinity of the Tribeca Film Festival. [NYP]
• It's going to be hot this weekend. Luckily for you, the backyards at Bobo and Table 8 are both open for business (or will be by this weekend). [Eater]
• Balducci's on 14th Street closes this Sunday and there's a big sale underway, not that there's much of anything left on the store's shelves. [GS]
• David Burke's coping with the downturn just fine, thanks very much. [WSJ]
• Matt Levine of Eldridge infamy is making over Thor. [GS]
• Tom Potter, the retired co-founder of Brooklyn Brewery, is hoping to establish Brooklyn's first whiskey and gin distillery. [Brooklyn Paper]
• At last night's City Harvest auction, a private dinner by Eric Ripert went for $45K. Surfing and dinner in the Hamptons with Marc Murphy took in 14K. [GS]

Bobby's Reservations Line Is Still Open | The Tribeca Film Festival is only two weeks away, which means Robert De Niro's Greenwich Hotel must already be fully booked with attendees paying top dollar to stay around the corner, right? Not so much. It turns out plenty of rooms are available, according to the folks over at Hotel Chatter, who found run-of-the-mill rooms going for just $475 a night. Of course, if you've been following the hotel over the past few months, it's likely you saw this coming. [Hotel Chatter]

• Marty Peretz, former owner of the New Republic, is buying back the mag with a group of investors led by former Lazard exec Laurence Grafstein. [Politico]
• The New York Times Co. has successfully raised $225 million by selling off 21 floors of its Eighth Avenue office building. [NYT]
• "Was last week the worst one in CNBC's 20-year history—or the best?" asks the Times today. Thanks in part to Jon Stewart, we're pretty sure it was its worst, but ratings are up so CNBC execs aren't complaining. [NYT]
• Carl Icahn is stepping up his effort to take control of Lionsgate. [Variety]
• McClatchy, which publishes 30 daily newspapers, says it plans to slash 1,600 jobs, or 15% of its work force, as well as cut salaries across the board. [WSJ]
• Mag covers with Barack Obama have performed well, by and large. [NYP]
• Watchmen was No. 1 at the weekend box office, grossing $55.7 million. [EW]
• The Tribeca Film Festival announced its May lineup today. [THR]

• Fox News remains in first place in the cable news ratings race. MSNBC is showing modest gains, while CNN is dropping like a lead balloon. [NYT, MM]
• Cablevision says it plans to charge readers to access to Newsday.com. [NYP]
• Hearst is launching an e-reader for magazines and newspapers. [Fortune]
• The Times is launching several local "citizen journalism" sites. [E&P]
• Sony CEO Howard Stringer has pushed aside two senior execs. [WSJ]
• Old Navy's newest ad campaign resembles a celeb tabloid. [Jossip]
• Peter Scarlet has resigned as the Tribeca Film Fest's artistic director. [THR]
• Take a tour of the White House with Katie Couric if you'd like. [YouTube]
• Denver's Rocky Mountain News says goodbye. [RMN]

The Tribeca Film Festival was founded to help New York bounce back after the deadly attacks of Sept. 11th. That was all well and good, except for the fact that the fest never managed to turn a profit, much to the chagrin of the festival's founders, Jane Rosenthal, Craig Hatkoff and Robert De Niro, who had established the annual event as a moneymaking enterprise, not as a not-for-profit like, say, Sundance or the Toronto Film Festival. Last year, the trio raised ticket prices and trimmed the lineup, an effort designed to stem the flow of red ink. But it seems the three have figured out a new way to boost the fest's fortunes: They're taking the franchise to the Middle East. More