Former KGB agent and billionaire newspaper tycoon Alexander Lebedev decided to spice up his appearance on some boring Russian talk show by punching fellow Russian billionaire Sergei Polonsky in the face. But it was probably justified, because Polonsky was the first to say he wanted to "stick one in the mouth."

In your untrustworthy Wednesday media column: College journalists prepare for a wild April Fools, Alexander Lebedev's not in it for the money, Wonkette loses a writer, and layoffs hit USNWR.

In your copacetic Thursday media column: a Russian tycoon buys a British paper, a new NYT White House correspondent, John Carney is let go, and newspapers in general had the worst year everrrrrrr last year.

Forbes has busy been laying off staff today. But the magazine is facing other problems, too. Billionaire Russian oligarch Alexander Lebedev now says he plans to sue the mag for reducing his net worth on its recent list of the world's richest people. "Forbes magazine claimed that I lost $2.5 billion in the global financial crisis," he told the Russian news agency, Interfax. "That's absurd. I will demand compensation of material and moral damage caused by this defamation." [Guardian]