• Why did Budget Living fold? The word "budget" in its name. On, and also too many subscribers, apparently. [Folio:]
• Victor Navasky's secret to indie-mag success: Get Paul Newman to give you money. [FBNY]
• Jon Friedman likes Fortune. That's nice. [MW]
• Hungry in the new Hearst Building? The cafeteria officially opens Monday, but there was a "trial run" today. When does Bruni arrive? [Jossip]
Us Weekly covers the Rolling Stone 1,000th-issue party, shockingly. [WWD (second item)]