• Nell Scovell, a writer on Dave Letterman's show in the late '80s, has stepped forward to detail the show's "hostile, sexually charged atmosphere." [VF]
• Layoffs: Yesterday's cuts at Forbes claimed 30-40 people; reality TV-focused Teen Vogue laid off half a dozen staffers today; the cuts continue this week at W; and a big round of cuts could go down at Time Inc. sometime next week.
• Sarah Palin's memoir, which comes out next month, had already earned her $1.25 million even before she stepped down as Alaska's governor. [AP]
• Michael Jackson's This Is It debuts in theaters tonight. [NYDN]
• How's Jay Leno's new show doing more than a month in? Not so good. [NYT]

• Time Warner sucked wind in the second quarter as profits fell 34%. Newly-independent Time Warner Cable, however, posted a profit. [AP, Reuters]
• McKinsey has set up shop at Condé Nast. What it is the consulting firm's actually doing (or recommending), however, remains a mystery. [NYO]
• Barry Diller's IAC posted a modest profit for the second quarter, but reported that revenues at the media conglomerate were down modestly, too. [AP]
• Michael Milken is backing some sort of new business website. Exciting! [NYT]
• Even more exciting: Sarah Palin is thinking about hosting a radio show. [HP]

• Ben Silverman didn't have much success during his two-year stint at NBC, but that didn't stop him from scoring a super-sweet deal with Barry Diller's IAC. His new venture will reportedly give him $100 million to play with. [NYP]
• Viacom, the media conglomerate controlled by batty billionaire Sumner Redstone, reported that profits plunged 32% in the second quarter. [NYT]
• Struggling McGraw-Hill reports quarterly profits dropped 22.7%. [PC]
• The Daily News and sportswriter Adam Rubin are refuting the claims of Mets management that Rubin tried to get himself a job on the team. [E&P]
• Amanda Hearst has landed a job at Hearst's Marie Claire. It's a miracle! [P6]

At the ripe old age of 28, Ricky Van Veen is finally putting CollegeHumor.com behind him. He's leaving the site he co-founded and starting a production company called Notional. But the young man remains in Barry Diller's well-padded nest.

You know when the Sunday New York Times profiles Diane Von Furstenberg - fashion designer, wife of heterosexual business owner Barry Diller - they're going to deliver. And oh, did they. Welcome to Diane Von Furstenberg's Secrets to Success.

• The Sci Fi Channel is now called Syfy. It's pronounced the same way, except it's less science fiction-y, which is why it was changed to begin with. [THR]
• Justin Timberlake has tapped lit agent David Vigliano to sell publishers on the notion that Timberlake is just the person to write a book about golf. [NYO]
• After a heated, two-year battle, big record labels and online radio stations have finally agreed on new royalty rates for streaming music online. [NYT]
• Who says embattled media companies are doing their best to spend money more wisely? The soundstage for Jay Leno's new primetime show will be "specially fitted to accommodate his passion: expensive cars." [THR]
• "Online predators" have hit Twitter. Paging Dateline's Chris Hansen! [LAT]
• A new study finds that kids are spending more time online. Surprise! [AP]
• Equally shocking: Breaking the Jackson story has boosted TMZ's traffic. [AP]

After pawning off his highbrow cultural shopping newsletter on the New York Observer, what does Barry Diller buy? Sites for people with fetishes for the "Big and Beautiful," Black Baby Boomers and Italians. Diller, after all, knows from picky. (Pic)

How is shopping newsletter Very Short List doing on the second day under the New York Observer's ownership? Poorly enough to motivate mogul wannabe Jared Kushner to hire some dedicated staff, perhaps.

• The curse of Gisele: Both Vanity Fair and Harper's Bazaar put supermodel Gisele Bundchen on the covers of their mags this year, and both have turned out to be their worst-selling issues thus far in 2009. [NYO]
• Can Forbes survive the downturn? The Forbes family thinks so. [NYT]
• Jared Kushner's New York Observer has acquired Very Short List, the struggling email newsletter owned by Barry Diller's IAC. [Gawker, NYP]
• The Huffington Post has a new CEO, ex-Ziff-Davis CEO Eric Hippeau. [PC]
• BusinessWeek is the latest mag to test a paid online subscriptions. [MW]
• Barack Obama's half-brother landed a book deal with Simon & Schuster. [AP]
• The Hangover and Up were the top-grossing films this past weekend. [LAT]
• The Boston Globe is up for sale—and a handful of people appear to be interested—although just how much they'll pay is anybody's guess. [NYT]
• ABC's Lost is the most watched TV show on the Internet. [Variety]

The first edition of email newsletter Very Short List is out for the first time under the control of New York Observer publisher Jared Kushner. What advertiser do you think he lined up?

Our earlier post on Very Short List being sold is now confirmed via official email.

A source writes in: ink on the long-rumored deal selling IAC property Very Short List to Jared Kushner and The New York Observer's dry. VSLers have been fired, and the property's clumsily fallen into the Observer's hands, now. Update: confirmed.

Barry Diller's effort to pawn off Very Short List, his failed shopping newsletter for the rich, is turning into a classic New York media folly — a big drama over a puny digital property.

Very Short List has been a favorite bauble of Barry Diller since the IAC chief established it nearly three years ago, after failing to buy Daily Candy. He envisioned VSL as a smart, tidy newsletter. But it looks worrisomely distended.

• More trouble at Condé Nast: Ad pages at Vogue are down 31 percent this year and Vanity Fair experienced a 52 percent drop in May alone. The silver lining: Graydon Carter's lavish expense account remains unaffected. [NYP]
• The Sun really may be returning after all. As a website, that is. Seth Lipsky says "there's a business plan for the site in the formative stages." [Politico]
• This certainly isn't a good sign: It seems NBC is exploring the possibility of leasing out part of its headquarters in Washington D.C. [NYO]
• More desperate: NBC will air another season of Celebrity Apprentice. [THR]
• The Portfolio names/logos that never were (and more on its closing). [NYO]
• Al Roker will co-host a Weather Channel show called Wake Up With Al from 6 to 7 a.m. Because waking up with Al is what you've always dreamed of. [NYT]
• Oprah Winfrey's Twitter usage is way down. So much for that! [AdAge]

It's not a great time to be a media conglomerate. Time Warner and Barry Diller's IAC both put out earnings this morning that are pretty painful. Especially for Time Inc.

When Tina Brown looks at the closure of Portfolio, she must worry for her future. Publications are now expected to turn a profit? Time for the notorious spendthrift to panic.

• Chris DeWolfe is out as the CEO of News Corp.-owned MySpace. [CNN]
• More on Peter Kaplan's split from Jared Kushner's Observer, and the rumor Kaplan is now heading to Condé Nast Traveler. [NYT, WWD, DHD]
• ABC has renewed 12 series, including Dancing with the Stars, The Bachelor, Grey's Anatomy, and Desperate Housewives. [THR]
• Viacom, the parent company BET, is planning to start up a new cable TV channel for middle-aged African-Americans. [NYT]
• Barry Diller is looking to shed his email newsletter Very Short List. Bob Pittman and Jared Kushner have taken a look; co-founders Kurt Andersen and Michael Jackson are considering a management buyout. [NYP]
• The New York Times Co. foundation is suspending its grants and no longer matching employees' charitable donations. [Gawker]

Despite the fact it's a subject that is undoubtedly very close to his heart, we regret to inform you that Barry Diller will no longer be providing the public with advice on where to park their RVs or pitch their tents: Diller's IAC announced today that it's selling off its campground information site ReserveAmerica. Makes sense to us: We can't imagine Diane was ever any good at hunting down deer and finding sources of fresh drinking water. [Crain's]

Just last month, IAC chief Barry Diller was chiding his fellow moguls for laying workers off in a recession and spending indiscriminately. So how does he explain getting rid of 23/6, his humor site?