Media Bubble: Frustrations and Grievances Abound!

• Jon Friedman gets feisty and calls "Bullshit!" on Time and Newsweek's Person of the Year shtick. [MW]
• Jann Wenner channels Joe Francis at the company holiday party, asking a female employee to show her tits for some shiny beads. Wenner reps deny reports, but who cares?. [Lowdown]
• Former Condé Nast editorial director James Truman is feeling out New York editors to helm a soon-to-be-launched travel/culture publication for Louise McBain. Condé Nast Traveler braces for an inevitable fleecing. [WWD]
• Time Warner appoints Jeff Bewkes as new president and chief operating officer of television and movies. We still don't know who to call when our wifi craps itself. [NYT]
OK! magazine assures everybody that their recent addition of tabloid editors are not signs of desperation for a struggling publication. Things are okay at OK!, okay? So stop asking. [NY Post]
• And then there's that half-wit, pseudo-McCarthyism involved in the White House trying to stop the publishing of the New York Times' wiretapping story. [NYO]