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Subject: Think good thoughts - June23, 2006


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Positive Attitude, Everyone!
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It's not going to rain. It's not going to rain. It's going to be a beautiful weekend. Repeat after me.

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News
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1. NY Post
LAD MAG'S COVERUP: FHM WRAPS RACY GLOSSY AFTER HUDSON NEWS COMPLAINT
By Keith J. Kelly
6/23/06
http://www.nypost.com/business/lad_mags_coverup_business_keith_j__kelly.htm

NAUGHTY, naughty. After complaints from its landlord at Grand Central Station, Hudson News is draping the July cover of FHM, the laddie title that features scantily clad porn star Tera Patrick.

An FHM spokeswoman says the three newsstands in Grand Central are the only locations where Hudson has placed partial blinders over the cover.

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Baby, baby: So how did baby Shiloh, the offspring of Angelina Jolie and Brad Pitt, do selling copies for People, which reputedly paid $4.1 million for exclusive rights to those first photos?

Apparently very well - to the tune of at least 2.3 million newsstand copies, say insiders at Time Inc. People normally sells about 1.5 million a week on newsstands. Its total average circ is about 3.7 million. That was with a sticker price of $3.99 - 50 cents higher than normal. "We were very pleased," said People Managing Editor Larry Hackett. The extra newsstand sales were probably good for $2.25 million in additional revenue..

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Min's In: In other baby news, Janice Min returned to the offices of Wenner Media this week for the first time since the birth of her baby boy, Tate, on May 7.

One source speculated that she was worried because the best-selling issue in Us Weekly history was the Janet Jackson mag, which sold a record 1.4 million the week of May 26.

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Nast-y jobs: There's a whisper campaign that Joanne Lipman, the editor-in-chief of Cond? Nast Portfolio, may be having trouble luring star writers to the new financial magazine that's due to launch next April.

That's not where she wants to be. A staff that will be doing sophisticated, long-form financial journalism should be in place by the fourth quarter at the latest to comfortably hit that date. In other words, we should soon start hearing about some bell-ringing hires.

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2. WWD
Memo Pad: Giving An Assist ... Spin Hits Eject ... Power Table ...
By Jeff Bercovici
6/23/06
http://wwd.com/issue/article/107285

GIVING AN ASSIST: Like "He's Just Not That Into You" and "The Nanny Diaries," Lauren Weisberger's "The Devil Wears Prada" achieved towering success based, at least in part, on the strength of its title. In fact, judging from the reviews, those four words may have been the best-received part of the book.

But catchy as it may be, the title was not Weisberger's idea, according to a source. Rather, it was the suggestion of her former roommate, Daryl Nierenberg - or so Nierenberg has been telling people. The two were classmates at Cornell University, and, like Weisberger, who was Anna Wintour's assistant at Vogue, Nierenberg also had a short-lived, entry-level job at Cond? Nast Publications, on the business side of Bon App?tit.

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SPIN HITS EJECT: Andy Pemberton's slow-motion exit from Spin has finally concluded. The music magazine confirmed Thursday what WWD first reported three weeks ago: Pemberton is stepping down after only two issues.

Sources said the delay was caused by haggling over how Pemberton's departure would be explained and what kind of parting compensation he would receive. As for why he's leaving in the first place, Pemberton, a former editor in chief of Blender, is said to have clashed with the magazine's new owners, Tom Hartle and Nion McEvoy.

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POWER TABLE: A bad batch of Cobb salad could have wiped out a good portion of the magazine industry's top talent Wednesday afternoon as Elle's Roberta Myers, Teen Vogue's Amy Astley, Men's Health's David Zinczenko, Blender's Craig Marks, O's Amy Gross, ESPN The Magazine's Gary Hoenig and What was their purpose? To help Glamour editor in chief Cindi Leive shape the agenda for her presidency of the American Society of Magazine Editors.

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3. AdAge
'Spin' Editor in Chief Andy Pemberton Resigns: After One Issue, Disagreement Over Direction
By Nat Ives
6/22/06
http://www.adage.com/mediaworks/article?article_id=110091

After an agonizing few weeks of tension between Andrew Pemberton, Spin magazine's editor in chief of less than four months, and the title's new owners who brought him in, Mr. Pemberton has resigned with just one completed issue under his belt.

Rumors that Mr. Pemberton would be fired have swirled all month, even appearing online as a done deal, after Women's Wear Daily reported June 1 that insiders expected his imminent departure. But Mr. Pemberton held on while all involved tried to work out differences over what direction the magazine should take.

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4. NY Times
The Lifestyles of Rich and Famous Traders
By MICHAEL S. SCHMIDT
6/23/06
http://www.nytimes.com/2006/06/23/business/media/23trader.html?_r=1&adxnnl=1&oref=slogin&adxnnlx=1151071445-qbdMkg4a1JECsMbZd5oItw

Traders on Wall Street are a well-heeled lot. For betting their firm's money on stocks, bonds, currencies, commodities or derivatives, they routinely take home big salaries and bigger bonuses. Trying to tap into that rich market is a magazine called Trader Monthly. Since 2004, it has been blending a bit of Institutional Investor with GQ and dashes of Maxim to give its readers sage market articles to help them profit on, say, emerging markets, alongside articles about luxuries like $20 million jets and helicopters.

It has outlasted the novelty value of its debut and the loss of one of its biggest advertisers, Refco, the futures and commodities broker that collapsed last fall.

The editor in chief of Trader Monthly, Randall Lane, said the magazine tries to merge a trade publication with a lifestyle magazine. Not only is it important to know what is happening in the market, he said, but it also helps to know where to buy an expensive watch after making $100,000 in a day.

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Whisper Jobs
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Ed hears ...

... that King Magazine, a Harris publication, just lost a full-time copy editor. Better not to mention Ed.

Internships

... that VIBE Vixen is looking for a design intern for the art department, 3 days a week for 7 weeks from the last week in July to the second week in September. Responsibilities will include design assistance, researching illustrators/photographers and stock photos, archiving artwork and photo production. You will primarily be using Photoshop and Quark. Please send your resume plus a sample of your work in PDF format to ablanter@vibevixen.com Compensation is college credit. (OK to mention Ed)

... that Shelter Interiors, a design and luxury lifestyle magazine (shelterinteriors.us), is seeking a part-time summer intern to start immediately. The position requires a commitment of about 15-20 hours per week, working remotely as the company is headquartered in Chicago with the EIC and ME based in NY. While the internship is unpaid, it's a great opportunity to get some clips, writing our FOB book reviews and other short pieces. There will also be some BOB editing opportunities as well as photo/project research, fact checking and calling in projects from designers. This is a great opportunity for writing, editing and getting your feet wet with the basics. The schedule is felxible (save for some mandatory edit planning meetings in NYC once a month) and the staff is terrific. Please email a brief cover letter and resume to: anna@shelterinteriors.us (OK to mention Ed)

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About Ed:

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