While this newfangled internet may be all the rage with kids, in Hollywood status terms, it's still the booby prize for ousted executives. The latest winner: the former boss of talent agency William Morris may be joining YouTube.

New York's epic article about Annie Leibovitz in this week's issue is well worth a read, particularly since it sheds a little light on how it is one of the world's highest-paid photographers now finds herself on the brink of financial ruin. (If the only person you'll allow to repair your air-conditioner has to travel to NYC from Vermont to do the work, that's probably not a good sign.) Leibovitz's financial fate will likely be sealed in September when the $24 million loan she secured from Art Capital Group last year is due. Interestingly, though, Leibovitz appears to be hinting that the terms of the loan— which required her to put up the rights to her photos and real estate holdings as collateral—only became apparent to her after the Times reported on Art Capital Group back in February. Friends of the photographer suggest that Leibovitz had no idea she was giving up so much when she took out the loan; they also seem to be shifting some of the blame to Ken Starr, the financial adviser who took the photographer on as a client in 2007 and who was also responsible for introducing Leibovitz to Art Capital Group. Pinning the blame on Starr, who boasts an insanely long list of celebrity clients, may be a hard argument to make.

• How is Twitter going to make money? With a reality TV series, naturally. The show will involve "putting ordinary people on the trail of celebrities in a revolutionary competitive format," in case you were wondering. [Variety]
• The primetime lineups for next year "are chockablock with shows meant to make recession-weary viewers laugh and feel better." How encouraging! [NYT]
• Ratings are down for CNN's Anderson Cooper as well as for Roland Martin, who has been subbing for Campbell Brown recently. [Page Six]
• Bravo's next Real Housewives installment: Washington, DC. [Daily Intel]
• Fox News nut Greta Van Susteren may not be around for long. Rumor has it her contract won't be be renewed and Megyn Kelly will replace her. [NYT]
• New York lost close to $5 million last year; with ad pages down 37 percent thus far in 2009, "losses are expected to be even higher this year." [NYP]
• A Russian investment firm has dropped $200 million into Facebook's bank account in return for a 1.96 percent stake in the company. [NYT]
• Ben Stiller's Night at the Museum sequel beat out the fourth installment of the Terminator franchise with a four-day pull of $70 million. [Reuters]

Despite having received a very public, strongly worded letter from Scary Hollywood Lawyer Bert Fields not too long ago, Page Six is stirring up some pretty entertaining shit with William Morris again. Who loves a feud? That's right: everyone.