Rumor has it that Conde Nast will launch a new "web network" in late March or early April. The network will incorporate articles from Allure, Jane, Self and Glamour. In the past, Conde's overall web strategy—plumbing existing properties for content, but rebranding that content for the web—has both worked (Epicurious, Concierge) and not-worked (Swoon, Phys, maybe Flip). It's entirely possible that this new venture will be a huge success! Here are some reasons it might not, though. Hint: Brooke Parkhurst.

• Read all about Hassan Elmasry, the Morgan Stanley portfolio manager who's trying to take the Times out of Sulzberger family hands, and the man responsible for tearing Pinch Sulzberger a new one at the late February board meeting. (In PowerPoint, no less!) [WSJ]
  

Attention, teenage girls! Did you make your Flipbook on Flip.com yet? No? You say you don't even know what a Flipbook is? Yeah. Us neither. And apparently the suits inside Conde Nast are having trouble figuring out why they spent millions, and years, on this lame website! A source at 4 Times Square tells us that execs were recently overheard "seeming bummed about the big money investment not paying off." The source adds: "How could that site cost millions? That seems really crazy." Crazy, indeed. But maybe not to our good friend Doctor72.

• Conrad Black trial driving Canadian reporters crazy. [Toronto Star]
  

Someone sent us this picture of what they describe as a "wild bird" outside the Conde Nast building this morning, which is apparently freaking people out as much or more than the homeless woman who was peeing in the lobby of 4 Times Square on Friday. The bird will be served in the cafeteria around noon. Anna Wintour's gonna put a napkin over her head and eat it ortolan-style. And now, the news.

• Conrad Black's fraud trial starts today. [Chicago Tribune]
  

We hear that former TV Guide and Glamour publisher and current Conde Nast Media Group senior V.P. Suzanne Grimes has resigned. This has apparently been in the works for some months. "Reaction," our source tells us, "is mixed: Some saw her eyeing Richard Beckman's job." Hmm. Maybe she wasn't able to get those girls to make out with each other either!

So if you're skimming through Media Monday in the Times, you'll note an adorable article sandwiched in-between two full-pages ads taken out by Conde Nast to celebrate a couple of rewards awards the company's titles recently received from AdWeek. The article notes that Vanity Fair head Graydon Carter recently penned an introduction to Good magazine's "51 best magazines ever" list.

Far be it from us to deign to offer fashion critiques. We work in our footie pjs and don't understand sneaker trends, remember? But all that aside, we do think it's odd that fellow Conde Nastie, Vanity Fair editor Graydon Carter, finds his wife on Vogue's first post-Oscars 10 Best Dressed list. We guess her dress is nice and all! It's very... black! And also white! Well, Kirsten Dunst is on this list too, so maybe there is just no rhyme or reason to the thing.

A tipster reports: "Huge explosion in right front of CN mothership just now. not in news yet. Probably pipe." No word yet on any injuries. At least we know that the Town Cars wait on the 43rd St. side.

Google is amping up its Adsense offerings with embedded video clips from sources such as Dow Jones & Co. and Condé Nast. A variety of revenue models are being explored, but the basic deal has Google sharing ad income in some proportion with the video content creator and the hosting site; ads are arranged around the video and occasionally inserted between clips, as each video box has a mutli-clip "playlist." Contextual relations between the clips and surrounding material is pretty thin, but no worse than most contextual ads. More interesting is what this could mean for other video creators, should the system's economies scale down as well as up. With a small amount of judicious oversight, even the vast wasteland of Youtube content could be leveraged into embedded clip boxes to punch up boring site content elsewhere, perhaps creating a Revver-style payment scheme for Youtubers.

A lucky reader orwards this exclusive o er or a Premier Subscription to Port olio, Cond Nast's orthcoming business magazine/ ull-employment scheme. The details are almost too good to be true: A ull year or $12 and a ree gol umbrella? There's no way this thing can ail, is there?

Hey, teenage girls! Conde Nast has a new place for you to hang out! It's totally rad! You post photos of yourself, and you join clubs, and make flipbooks! And did we mention post pictures? No ... no, it's not MySpace! This is different. Like we said, already, you can make flipbooks. You can't make flipbooks on MySpace! Oh yeah, and you can buy discounted Teen Vogue subscriptions! Okay, also, it's only for teenage girls! No pervs here! Well, except for this guy. Whatevs, he probably just likes hanging out with teenage girls! Like, rad!

• Hey, ladies, Sheryl Crow reads the Wall Street Journal. Shouldn't you? [NYT]
  

• Conrad Black allegedly "engaged in insider trading and used anonymous Internet postings to pump his company's flagging stock." Say what you will about the guy, he's not afraid to get his fingers dirty. [NYP]
  

Ever dreamed of picking up Jessica Coen's dry cleaning or turning the many public humiliations Vogue editor Anna Wintour dishes out into the next optionable roman clef? Well, if you're coming into the home stretch of college, this might be your big break:

See that classy little widget? Cond Nast wants all you blushing bridezillas out there to stick it on your MySpace profile; that way, you'll be able to simultaneously help them promote their Brides.com site and count down the moments that remain until your Specialest Day. The Nast also wants you to help them out by using your profile to host a "bridal quiz" that determines whether you're a "modern, classic, or glamorous" bride. It's an intriguing strategy on their behalf — after all, why MySpace? Well, according to a spokeswoman,

After racking our brains for a good five minutes and doing a halfhearted Google search, we realized that no, Conde Nast doesn't have a books division, as far as we can tell, and therefore this Mediabistro posting for an Assistant Editor must mean some sort of new, exciting publishing endeavor from Si Newhouse & Co.:

• Federal government trying to make Times op-ed page less boring. [NYT]
  

This delicious pastry you see be ore you was one o the treats handed out at last night's Port olio holiday party. Note the stunning cra tsmanship, intricate design, and aesthetically pleasing requency o the amed Port olio . I this cookie is any indication o how the inance mag will actually turn out, we're sure the 8,000 sta ers Conde Nast has hired over the last year will have long, productive tenures at the book. We'll give you an update on how it tastes a ter the Adderall wears o and we eel like having ood again.