Nothing that excites Hollywood more than the thought of a studio changing hands; the implications spilling down over a generation of executives and deals might be completely incomprehensible from this distance, but they are darn exciting.

• Want to buy Playboy? Mail a check for $300 million to Hugh Hefner. [NYP]
• A look at the "highlights, lowlights and sidelights" from upfront week. [NYT]
• The Cannes Film Festival didn't stir up as much buzz as in years past, although industry types are hoping/praying that the worst is over. [WSJ]
• Tyra Banks will have 12 hours of airtime a week on the CW this fall; if she "gets hit by a car this year, the CW will have to go out of business." [NYP]
• Bruce will be the last act at Giants Stadium before it's demolished. [AP]
• T+L's new pro-travel ad campaign suggests people "please go away." [WWD]
• Vintage Books is promoting Netherland with a blurb by Barack Obama. [NYO]
• Jon Peters' tell-all about Hollywood sure sounds interesting! [DHD]