Perhaps the imploding real estate market is getting under the skin of Julian Schnabel, the artist turned film director turned high-end condo developer. The auteur's movies are widely admired and his smashed-plate paintings were at least big in the 1980s, but his hot pink ("Pompeii red") Palazzo Chupi has turned into a controversial icon for angry neighbors, gauche celebrity speculators and tumbling prices. And though Chupi didn't come up during Schnabel's 60 Minutes interview, the thin-skinned artist didn't take this blessing to heart, instead lashing out at Morley Shafer for daring to ask about art critic Robert Hughes, one of his most prominent detractors.

Did People cut a sneaky deal with Angelina Jolie and Brad Pitt to get photos of the couple's newborn twins? Absolutely yes, the New York Times said last month. Today? Absolutely not, says the Times.

Nick Kristof, the Times' most earnestly boring columnist, has started a Twitter feed. Finally. Here's the single most interesting thing he's said so far: "Here's my fave word of the week: 'leporine.' Apparently it means rabbit-like. Great word, no? I'll try sneaking it into a column. —ndk." Nick, you sly devil! I feel like I am literally standing on the set of All The President's Men.

Chris Matthews made some fabulously entertaining television in May when he schooled a right-wing pundit pretending to know who Neville Chamberlain was and why Barack Obama was just as awful. Then he did it again to Michele Bachmann when the Republican Congresswoman tried to slyly say all liberals and entire certain states were anti-American. Now he's just going all GOTCHA! on everyone, constantly, embarrassing himself in the process, like in the attached clip.

The 850 layoffs at Viacom today—including hundreds at MTV—are claiming the livelihoods of tons of hardworking people who did their jobs well without ever receiving fame and fortune. And just like when a jumbo jet crashes with hundreds of souls aboard, the first question is: "Were any celebrities involved?" You know you were thinking that, you heartless swine. Well (according to an unconfirmed rumor from an inside tipster), your third-favorite MTV correspondent-for-life, John Norris, was laid off today. After the jump, we've got other reports from the Viacom scene.

More sunny economic news for the newspaper industry: yesterday the financial ratings firm Fitch put out a report predicting that "several cities could go without a daily print newspaper by 2010." Oh joy! You won't have to complain about your shitty local fish wrapper much longer, if you live in "some cities" (*NEWARK*, ahem). This would really be a serious change in American civic life, people. Crooked city councilmen and religious nut school board members are bound to run wild without any reporters telling people what they're up to. Well, buck up, doomed papers in "some cities"—every other newspaper will have a hellish year, too:

Nearly 200 people died in the terrorist attacks in Mumbai, but amid economic chaos and a presidential transition, the story is bound to soon fall off the front pages of American newspapers. How to keep readers interested? By helping them somehow relate to a despicable band of terrorists born in a foreign land and fervently devoted to an unfamiliar religion. Preferably in a way that simultaneously makes the perpetrators seem even more crazed an awful. Enter wild allegations of cocaine and LSD use, via the British press!

Although the business of journalism is currently in the process of imploding, the romance of journalism remains. So while journalists can't find jobs any more, they can at least take comfort in the fact that they are very attractive subjects for Hollywood! The Sundance Film Festival released its lineup today, and there are no less than three documentaries that are all about the drama of the A-list press. They could all conceivably be good, although Anna Wintour sounds like a far more compelling subject than Nick Kristof:

Can Tina Brown and her newfangled "website" The Daily Beast singlehandedly provide refuge to all of New York's talented laid-off writers? Ha, no, of course not, not even a glimmer of a chance. She'll be lucky to get through the next two years without burning through tens of millions in start-up funds and flaming out like the Talk magazine of the internet. But there's no reason talented laid-off writers can't get a piece of that sweet monetary pie while it's here! The Observer notes that Tina's passing out freelance bylines to many deserving newly unemployed vets of dead publications like Radar and the New York Sun, like a blond Brit Santa with a media fetish. And the pay is not bad! Not by recession standards, at least:

Everyone's been talking about David Gregory moderating Meet the Press all week, even stretching the very definition of journalism to report on it. And yet the NBC News chief White House correspondent hasn't even taken the job yet, according to the Times, and all the leaks might even ruin his chances! But probably not, because it sounds like one of his competitors for the job spilled the beans:

When the Huffington Post reported last night that David Gregory would be the next host of Meet The Press, all the other online news sites treated it as a rumor. Then today Politico ran the same story, citing anonymous sources, and everyone accepted it as a confirmed fact. Why? It's just the new rules of online sourcing at work. The outsourcing of sourcing!

Tragedy of the elite: we hear that Sheryl WuDunn, the wife of Times columnist Nick Kristof, has been laid off from her job as a private wealth advisor at Goldman Sachs—a casualty of Goldman's plan to cut 10% of staff. She was a longtime journalist, and wrote for the Times, Reuters, and the WSJ before going into banking. She married Kristof in 1988 and won a Pulitzer in 1990 for her reporting in Beijing. Rather ironic that the journalist in the family is now the breadwinner over the banker, no? The lesson here: just when you thought you were getting out of the crappy journalism industry... it PULLS YOU BACK IN! And lays you off at your new job. Care to watch Nick and Sheryl appear together on Charlie Rose back in happier days? Then click through to do so!

Extremely tall man David Gregory will be your next host of Meet the Press. He's still famous mostly for dancing and for arguing with Bush press secretaries, which proves that he's a serious journalist, and it also served the press well to look like it was totally standing up to Bush just as it served the administration well to look like innocent victims of the liberal media. That is how the world works. Who knows how he'll perform on that show, because frankly the format itself is outdated and useless. The late Tim Russert was no prize either, friends. But Gregory is just... kind of annoying.

Ron Howard, TV's Opie, just directed the film version of Frost/Nixon, because the man knows Oscar-bait when he sees it. And also, sure, because it's politically relevant or something. Howard, the very definition of American Middlebrow, is not a political director, though this year he endorsed Obama because he is a Hollyweird liberal (like his godless pal Andy Griffith). At a recent screening of the film, Howard mentioned how the lessons of Nixon became newly relevant during the Bush administration. Shocking! Good thing Fox News anchor and noted objective journalist Chris Wallace was there to set him straight! Nixon was a crook, see, and Bush is a hero.

NBC's on-the-record response to the New York Times' David Barstow regarding his front-page story on their war-profiteering hack retired general Barry McCaffrey is pretty choice, as it's both filled with obvious factual inaccuracies and obtuse point-missing diversions. This is a letter from one major news outlet to another, remember, though it doesn't read like one. The whole thing, obtained by Salon's Glenn Greenwald, is below.

With a recession in progress, but lots of robber barons left in a society that the media has just now noticed is more stratified than ever, the headline "Party Like It's 1929" has proved too irresistible for even the most austere of publications. This Sunday's New York Times "We're Going to Party Like It's 1929" header in the Styles section represents the apotheosis of the trend. Journalists and editors: it's been done. Retire the headline now. Proof after the jump.

We were impressed last month when it was rumored that the Huffington Post may have raised $15 million in new investment, a big accomplishment for a media company at a time when the media economy is in the trash. Well, those rumors turned out to be false. Actually, HuffPo has raised $25 million from a venture capital firm. Amazing. So what will they do with all this cash?

It turns out the news media had a pretty shameful weekend. A British couple came forward to say that while they were hiding from terrorists at the Taj Mahal Palace hotel in Mumbai, CNN broadcast details of their specific hiding place in the facility, resulting in a fresh search by the gunmen in control of the hotel at the time. The Indian government blacked out local TV after claiming the terrorists were gaining tactical information from the broadcasts. And now David Carr weighs in via the Times with a column about how U.S. newspapers were complicit in whipping shoppers into the frenzy that culminated in a deadly Wal-Mart stampede:

In April, the Times published a 7,600-word story on how major news networks presented as their own military "analysts" former officers who were on the payroll of major defense contractors and who had received talking points in special Pentagon briefings. The networks declined to cover the story and the scandal never caught fire. The newspaper's solution? Recast the story to focus on a single villain, retired General Barry McCaffrey, who NBC News' Brian Williams defended as a "passionate patriot" the last time around.

It's hard for journalists to reach the roving band of Somali pirates that's been capturing booty on the high seas, even though they have a PR person. A frustrated BBC journalist who couldn't get through to them via telephone ("They usually picked up the phone but put it down again when I said I was from the BBC") gave in to her kid's nagging and let her call the pirates. The number was "under P for pirates" in her phone, naturally. The kid got through, and the conversation went well: