If you were eagerly awaiting the release of club kid (and convicted murderer) Michael Alig, it looks like you're going to have to wait a little while longer before you get a chance to take him back to the Limelight for a trip down memory lane. Although Alig was due to be released next month after a 13-year stretch behind bars, an additional four years has been tacked on to his sentence, reportedly because he came up positive during a drug test. Oh, and if you're under the age of 25 and you have no idea who it is we're talking about, you'll find the full backstory here if you're interested. [BlackBook]

The Tribeca Film Festival opened last night with the premiere of Whatever Works, Woody Allen's latest production, which stars Larry David, Patricia Clarkson, and Evan Rachel Wood (left). In attendance at the Ziegfeld and afterparty at the Royalton: The writer/director accompanied by child bride Soon-Yi Previn, along with Debra Messing, Harvey Keitel, Robert De Niro and Grace Hightower, Mary Kate Olsen, Uma Thurman, Cheryl Hines, Harvey Keitel and Daphna Kastner, Brian and Jane Williams, Charlie Rose, Morgan Spurlock, Charlie Rose, Craig Hatkoff and Jane Rosenthal, Jonathan and Lizzie Tisch, Les Moonves and his daughter, Melissa Leo, Morgan Spurlock, and Todd Haynes. A few photos after the jump. [NYO, VF, Wireimage, PMC]

And you thought we were in the middle of a recession! Notwithstanding the fact that existing hotels are having a very difficult time filling rooms—your wealthy uncle can now stay at the Ritz Carlton for less than $300 a night—a company just filed plans to construct a 19-story hotel on Ann Street in Lower Manhattan. Bravo, "107 W Broadway Realty Corp." We salute you for your courage and confidence. [NYO]

Is Michael Bloomberg in a bad mood because deep down he doesn't really want to be mayor for another term? If that's the case, he's not letting it show: The mayor plans to spend another $4.5 million flooding the airwaves with ads in the next few days. This brings the total cost of his campaign thus far to $7.5 million, which means he's on track to break his own campaign spending record. [NYT]

• Chris DeWolfe is out as the CEO of News Corp.-owned MySpace. [CNN]
• More on Peter Kaplan's split from Jared Kushner's Observer, and the rumor Kaplan is now heading to Condé Nast Traveler. [NYT, WWD, DHD]
• ABC has renewed 12 series, including Dancing with the Stars, The Bachelor, Grey's Anatomy, and Desperate Housewives. [THR]
• Viacom, the parent company BET, is planning to start up a new cable TV channel for middle-aged African-Americans. [NYT]
• Barry Diller is looking to shed his email newsletter Very Short List. Bob Pittman and Jared Kushner have taken a look; co-founders Kurt Andersen and Michael Jackson are considering a management buyout. [NYP]
• The New York Times Co. foundation is suspending its grants and no longer matching employees' charitable donations. [Gawker]

Billionaire Nelson Peltz remains one of the most famous takeover artists in America: In recent years, the corporate raider (or "activist investor," as he prefers to be known) has battled for control of Wendy's, Heinz, and the candymaker Cadbury Schweppes. His hard-charging approach and tendency to ruffle feathers isn't just restricted to his professional life. Life inside Peltz's vast estate in Bedford is just as vicious, we hear, and the staff at the estate is subjected to such a dizzying amount of abuse, the Peltzes may be the worst family in America to work for.

According to a new report, the median price of a home in the Hamptons dropped 23.5% during the first quarter of 2009 compared to a year ago. The number of sales during the first three months of this year plummeted 53.5% from the first quarter of 2008. [Crain's]

Guys: We understand that when you're in the early stages of a relationship, it's tempting to bring up the baby issue, especially if the big 30 isn't too far off. Some of your friends may even suggest making it clear on the first date that you need to start trying to have kids soon, because why waste time with someone who isn't serious about settling down? Just bear in mind that you might very well scare the girl off, since she can always put her eggs on ice and then marry some virile 25-year-old once she's established her career.

We've heard rumors that the "Real Housewives" of New York have been blacklisted at various high-profile social events around town. That certainly makes sense: Would you want Jill Zarin or Alex McCord lapping up attention on your red carpet? Sadly, the same seems to apply to events hosted by the ladies from the Bravo show.

Just as we now look back with amazement at our blissfully ignorant ancestors who thought that smoking was good for you, or that a suntan was a sign of health, future generations will be shaking their heads at our blithe and all-consuming addiction to the internet. Assuming, that is, that the human race survives long enough to realize that Facebook and Twitter are causing brain damage and turning the population into an army of ADHD-afflicted robots who may very well become incapable of propagating the species. Or so warns neuroscientist Susan Greenfield, who wants us to please, please think of the children.

We all need to do our part to improve life on this planet, especially during these troubled economic times when the gap between the haves and have-nots only appears to be widening with each passing day. Tinsley Mortimer clearly appreciates this: It seems she's made arrangements to have the makeup artists at Christian Dior—she's a Dior "Beauty Ambassador," in case you weren't aware—give makeovers to foster children.

Mary-Kate Olsen walking downtown in sneakers ... Beyonce getting out of an SUV in Midtown with an umbrella in hand ... Angelina Jolie on the set of Salt ... Evan Rachel Wood getting in a cab outside Rose Bar ... Madonna entering a "medical center" uptown and later leaving the Waverly Inn with Jesus Luz ... Kate Winslet entering a building with her daughter ... Brad Pitt taking flying lessons at a Long Island airport ... Kim Kardashian walking under an umbrella in Midtown ... Zoe Kravitz holding coffee on the set of her new movie. Twelve ... and Jennifer Lopez leaving the St. Regis Hotel on East 55th Street.

• Lily Lee Lee Wong has chopped $4.6 million off the price of her 115-year-old townhouse at 21 East 84th Street (left), which she purchased for $12.1 million in June 2007 and re-listed for $24.5 million just a month later. The 22-foot wide home is now on the market for $19.9 million. [Cityfile, Bellmarc]
• Bridgehampton's Stone Meadow Farm, which Mariah Carey and Nick Cannon paid $125,000 to rent for one week last summer, has gone into contract. It was most recently listed at $15.9 million. [Newsday, Corcoran]

Michael Moore turns 55 today. Social fixture (and Estee Lauder heiress) Aerin Lauder Zinterhofer is turning 39. Model Jessica Stam is 23. Writer Ken Auletta is turning 67. Former NBC CEO Bob Wright is 66. Actor Kal Penn is turning 32. Model/actress Jaime King turns 30. Former New Line co-chief Michael Lynne is 68. Real estate heiress and socialite Beth Rudin DeWoody is turning 57. Comedian George Lopez is turning 48. Valerie Bertinelli is 49. And Slumdog Millionaire star Dev Patel is 19.

• Bank of America CEO Ken Lewis testified under oath that Fed chairman Ben Bernanke and former Treasury Secretary Hank Paulson pressured him to keep quiet about BofA's plans to buy Merrill Lynch. [WSJ, CNN]
• Credit Suisse reported a profit of $1.7 billion for the first quarter. [BN]
• Executives from a bunch of credit card companies will face off against President Obama today over possible limits on fees and interest rates. [BN]

• Gwyneth Paltrow's latest goal? To get Mario Batali to lose weight, apparently. She's supposedly already given him a free membership to the gym she's opening with Tracy Anderson, since he's "the only fat friend she has, and wants him to change." [P6]
• Poor Jennifer Aniston has been "holed up" in her room at the Greenwich Hotel since arriving in New York a few weeks ago, supposedly because she's terrified of "bumping into Angie" on the street. [L&S]
• Michael Phelps and Miss California, Carrie Prejean. are apparently dating, or at least that's what Prejean's grandmother is saying. [NYDN]
• In an interview with Ellen DeGeneres, Lindsay Lohan says she's "still in love" with Sam Ronson, and that their breakup "came out of nowhere." She's also lost a lot of weight, which you've probably already noticed. [OK!, People, NYDN]
• Tim Gunn says he hasn't been on a date in 26 years, but that he's okay with it because he's "very happy being alone." [NYDN]

• Matthew Williamson's H&M line goes on sale tomorrow at 9AM. Prepare for a mob scene! [NYM]
• Lauren Conrad is teaming up with Kohl's to introduce "a casual California-inspired clothing line for young women." And she was kind enough to make a video about it, too. [NYT, Racked]
• It's official: Peter Copping is the new artistic director at Nina Ricci, where he'll have the unenviable task of filling the void left by Olivier Theyskens. [WWD, Style.com]
• André Leon Talley's "custom Obama tribute pin" is awfully chic, don't you agree? [FWD]

• Frank Bruni takes on La Fonda del Sol and Txikito in the Times, giving the former two stars for Josh DeChellis' "less forced and more exuberant" cuisine, and the latter a single star for its "complicated" cooking. [NYT]
• The Post's Steve Cuozzo likes the murals, mirrors and lighting at Monkey Bar. But he thinks Graydon Carter could be doing a better job with the food. [NYP]
• Bradford Thompson, formerly the chef at the late Lever House in Midtown, is now behind the stove at Terrance Brennan's Bar Artisanal in Tribeca. [TFB]
• More on the Gates, the over-the-top lounge "with the attitude of Soho House, Rose Bar and GoldBar rolled into one marble-encrusted crazybox." [UD]

Gunn of "Project Runway" buys $1.5M unit [Real Deal]
Upper West Side Grabs a Gunn (Tim, That Is!) [Curbed]