• As expected, ratings for Jay Leno's new show are falling fast. [THR]
• Bloomberg LP appears to now be in the lead to buy BusinessWeek. [NYP]
• Dan Brown's The Lost Symbol sold 1 million copies its first day. [NYT]
• Don't try to talk to Vogue publisher Tom Florio about what changes are in store for the mag now that those McKinsey consultants have finished their review. (He's not talking about it.) Meantime, McKinsey's final report will be handed over to Condé Nast's management next week. [NYO, WWD]
• Fox News boss Roger Ailes collected $24 million in compensation last year, which is $2 million more than his boss, Rupert Murdoch, took home. [BW]
• Jay-Z has his 11th No. 1 album. That puts him ahead of Elvis Presley as the solo artist with the most chart-toppers. But he's still behind the Beatles. [LAT]

In your willful Wednesday media column: Meghan McCain is the queen of all media, BusinessWeek's sale grinds on, Lou Dobbs catches a boycott, and you can finally find political opinions, on the internet.

New York magazine has a new story about a Nepali woman who came to visit her daughter in Woodside, Queens and got lost, wandering alone for more than two days. How's schmancy New York mag track down these outer-borough oddities?

• So how did Jay Leno's new show do? He hit it out of the park ratings-wise, roping in an estimated 18 million viewers. The reviews were all pretty lousy, though, so don't be surprised if it's all downhill from here. [AdAge, LAT, THR]
• The sale of BusinessWeek: Bruce Wasserstein has dropped out as a potential acquirer of the struggling mag. And it's cutting 20% of its staff. [BW, NYT]
• ABC News has apologized to the White House for Nightline anchor Terry Moran's tweet about Obama calling Kanye West a "jackass." [LAT]
• Speaking of the White House, Barack Obama will be David Letterman's guest on Monday night; it's the first time a sitting president has done the show. [NYT]
• Oprah's season premiere scored big thanks to Whitney Houston. [Wrap]
• The House of Harvey has sustained another blow: Harvey Weinstein's 70 percent stake in the home-video distributor Genius Products, once worth as much as $400 million, is now pretty much worthless. [NYP]
• Speaking of the film mogul, The Weinstein Co. picked up the rights to A Single Man, designer Tom Ford's debut film, at the Toronto Film Festival. [THR]

In your revenue-generating Tuesday media column: the BusinessWeek bidding draws to a close, Americans would pay only a pittance for newspaper websites, Peter Shankman's getting rich somehow, and the WaPo is determined not to write about dwarves.

You've probably heard that these are grim times for Condé Nast. Editors and publishers may be asked to cut spending by 25 percent, further layoffs are expected in the coming weeks, and several other magazines may shuttered entirely. If you're anything like us, you've probably been sitting at home asking, "What can I do to help?" Obviously, you could subscribe to one of Condé's magazines. But let's be honest: A $10-a-year subscription to Glamour isn't going to exactly turn the ship around. One much better way to deliver a few bucks to Condé's bottom line: Consider purchasing one of the fine, overpriced items on sale in the Condé Nast store! Last week, The New Yorker started selling wristwatches featuring the magazine's mascot, Eustace Tilley. But there's plenty more to choose from. A few suggestions below.

The New York Times just sent out an internal memo announcing that Jonathan Landman—currently the deputy managing editor and head of the paper's digital operations—will succeed Sam Sifton as the paper's culture editor. Full memo below.

Twenty-five percent! One fourth of the whole pie! This scary number's being kicked around everywhere as the worst(?) case scenario for the looming Conde Nast budget cuts. Every perk is being trimmed—even the ones for little old ladies.

The community group ACORN has come under heavy fire after two employees were filmed giving a fake hooker advice on how to commit tax fraud. Now they're thinking of suing Fox News for airing the footage. But does it matter?

In your mawkish Monday media column: Conde braces itself for the coming cutbacks, America hates the media more than ever, Anna Wintour has hated the media forever, as well, and Las Vegas is full of crooks.

• The bad news for Condé Nast now that McKinsey has finished up its summer-long review: Editors and publishers at the company may be asked to trim their budgets by as much as 25 percent. The good news, according to one Condé insider: "This doesn't mean Anna Wintour is going to start taking the bus," nor is the company going to get all cheap "like Hachette." [Crain's]
• Jay Leno's new show debuts tonight on NBC. Will it be a success? A massive failure? Only time will tell, but the stakes "couldn't be higher." [LAT]
• Oprah's ratings are down. And Barack Obama is to blame, apparently. [AP]
• Ratings are down for Project Runway, too. Barack is not to blame. [WWD]
• According to a poll of newspaper publishers, 51 percent think they can successfully get their readers to pay for content online. Optimistic! [PC]
• As if newspapers and magazines don't have enough to worry about these days, a new survey finds that the percentage of people who think journalists are increasingly "inaccurate and biased" is on the rise. [AP]

How did Jay Leno become the most punk rock upstart revolutionary force in media today? Across the spectrum, the entertainment world has lined-up arm-in-arm, salivating at the prospect of disaster when his new show debuts tonight.

Slovenly documentarian Michael Moore has a pretty good idea about why America's newspaper industry is in the toilet! 1) Greed; 2) Americans are dumb; 3) Republicans.

Ashley Dupre and the New York Post have finalized their deal: Ashley will give the Post exclusive interviews and sexxxy exclusive photo shoots in hooker heels. In return, they'll play like they're on her side. Everybody wins, except Ashley Dupre!

Keith McNally—proprietor of media commissary Balthazar—also owns New York's restaurant of the moment, Minetta Tavern. It's an elusive reservation, because the place is packed with celebrities. But what happens when Gawker Alumnus Jesse Oxfeld tries to get in?

A group of German idiots seeking publicity for their movie staged a fake suicide bombing in a fake California town yesterday and tricked the German media into running with it. Kind of like the Coast Guard did with CNN today.

In your unforgettable Friday media column: Creativity magazine folds, a high school paper bravely outs its school's Jesus-tainted food supply, medical journals are full of ghostwriters, and the WaPo's most infamous marketer resigns.

• Today's awkward cable moments: CNN reported this morning that the Coast Guard opened fire on a boat on the Potomoc. (Not true.) And the geniuses at MSNBC thought it would be a really neat idea to once again commemorate 9/11 by re-airing its coverage from the fateful morning. Thanks, guys.
• Fran Drescher is in discussions to host a Fox News show. No joke. [USN]
• President Obama sits down with Steve Kroft on Sunday's 60 Minutes. [CBS]
• A long list of media figures turned out for Dominick Dunne's memorial service yesterday at Church of Saint Vincent Ferrer on the UES. [NYT, WWD]
• Anna Wintour is "bigger than ever," at least according to Tina Brown. [TDB]
• Obits: Larry Gelbart, the man who developed the TV series MASH and co-wrote Tootsie, is dead at 81. And Frank Batten Sr., the man responsible for bringing the Weather Channel into the world, is dead at 82.
• As if Twitter wasn't inundated with enough self-promotion as it is, the company now says it plans to start accepting advertising. [Reuters]

The Columbia Journalism School had an extra-special visitor yesterday: someone who can actually offer jobs to j-school graduates. Hunter Walker, our blogger turned j-school student, reports on what his classmates think of their new boss.