It looks like Condé Nast editors will indeed have to cut their budgets another 10 percent, as previously suspected, including through layoffs in both advertising and editorial. But what will happen to the swankness?

In your socialist Tuesday media column: Nancy Pelosi helps newspapers (symbolically), Courtney Friel says "OMG," rumors of cheapskatism at Interview, and naptime for Jim Kelly:

Conde Nast could really use some good news. Instead, today's news is that the company is planning cuts in its media group, which handles its biggest advertisers and marketers. That's even worse than it sounds.

British former reality TV star and current terminal cancer patient Jade Goody is a national obsession. She will die soon. But not soon enough for OK! magazine.

• Jon Stewart's smackdown of Jim Cramer last week generated some of the biggest ratings The Daily Show has ever seen, not surprisingly. [MediaPost]
• Portfolio editor Joanne Lipman has once again defied logic (and some of her Condé colleagues) by putting Sarah Palin on the cover of the new issue. [WWD]
• Condé Nast is expected to trim Richard Beckman's ad sales group. [AdAge]
• Liberal activists have launched a petition drive targeted at CNBC. [AP]
• ICM's Esther Newberg has sold a memoir by Paul Allen to Penguin. [Crains]
• More on Eric Siminoff's split from Lynn Nesbit and Mort Janklow. [NYO]
• Mel Karmazin sounds off on his fight to redeem Sirius and his rep. [Fortune]
• Ratings for Donald Trump's Celebrity Apprentice continue to slide. [AdAge]
• 60 Minutes is the "hottest show on TV." Who knew? [Newsweek]

What is wrong with Joanne Lipman? Does the Portfolio editor detest business journalism? Is she trying to finally get fired? There must be some reason she's putting Sarah Palin on next month's cover.

In your aspirational Monday media column: Jimmy Cayne's a rat bastard, Scottie McClellan spawns, Liz Smith groks the email, and newspapers do various sad things:

Dear magazine writers: Just because you love a super-cool independent musician usually isn't a very good reason to commission a profile of that super-cool independent musician to appear in your mass-market consumer magazine.

Dear Shepard Fairey: as human beings we're happy you produced this image for Adopt-a-pet.com and the Dog's Life magazine cover (click for full size). We'd be less thrilled as your brand managers.

In your sunny Friday media column: Dan Peres has balls, high school reporters have dreams, Arthur Sulzberger has an honest moment, and the media at large has nothing to look forward to:

Washington has three sad "social" magazines: Washington Life, Modern Luxury's DC, and Jason Binn's Capitol File. We can't believe all three are still publishing. And Obama had them all over for tea!

After thirty years at Time Inc., Jim Kelly is stepping down as the magazine group's managing editor, according to an email he just sent out, reproduced after the jump.

In your rumormongering Thursday media column: rumors of layoffs and shenanigans at Viacom and Sesame Street (updated), Felix Salmon jumps the Fort Polio ship, Jay Carney flackery, and a journalism grad is broken:

OK!'s cover this week shows Suri Cruise and Shiloh Jolie-Pitt on an adorable playdate! Now, let's look at the two separate photos they stitched together to create this Frankenstein-like Photoshop:

Andy Warhol famously said everyone would be famous for 15 minutes; if Peter Brant has his way, everyone will work for Warhol's old magazine Interview for 15 hours. For free.

Best Life folded today. But it was just the latest of many magazines to die in this grim, anti-glossy era of dirt and mud. Here, 23 of the departed. [Montage by Jess Shaffer]

In your blustery Wednesday media column: the newspaper industry burns, News Corp can't handle hardcore music, NPR needs more black people, and the NYT sells a jet:

Rodale is folding the men's magazine Best Life. The May issue (out next month) will be its last. The move was just announced in a staff memo, copied below:

As long as college kids remain edgy, there will be college sex magazines. And as long as there are a few olds with no sense of mockery, they will be scandalized by them. Still!

Well, this was probably inevitable: Now that everyone in the world is telling newspaper and magazine publishers they need to charge for website access, the big players are reconsidering the idea.