Alexandra Penney—the stupendously un-self-aware once-rich former magazine editor and sex book author who lost all her money to Bernie Madoff and became our favorite blogger—has a book deal! "Notorious" is the new "Deserving."

• Daily News owner Mort Zuckerman is cutting employee benefits. [NYP]
• Former Self editor and Bernie Madoff victim Alexandra Penney has landed a book deal with Voice, an imprint of Disney's Hyperion Books. [NYT]
• A few photos of Michelle Obama from the new issue of Vogue. [HP]
• How SI's Selena Roberts landed the Alex Rodriguez steroid story. [NYO]
• Former NYDN editor Michael Cooke is leaving Chicago for Toronto. [CT]
• John Grisham is close to signing a big e-book deal with Random House. [WSJ]
• The Justice Department plans to investigate the proposed (and controversial) merger of Ticketmaster and Live Nation. [AP]

Unconspicuous consumption is the hot new thing. That $300 million megayacht? Tacky, what with the layoffs. Private jet? Forget about it, after Detroit's debacle. Even the celebrity goodie-bag business is endangered.

Alexandra Penney was a wealthy UES sex book author and editor who lost everything in the Bernie Madoff swindle. The only winners: us, because she's now the most delightfully un-self-aware ex-rich blogger evah!