Lady Gaga Went Bankrupt to Entertain Her Fans (Or So She Says)

The Financial Times has a long interview with Lady Gaga conducted by British actor/author Stephen Fry which the paper will publish over the weekend. We were given a little sneak peek of what Gaga said to Fry during the exchange, and she makes some insane claims, including that she went bankrupt funding her Monster…
The Spitzer Files: How TV Talking Heads Get Their Cues from Flacks
In our third installment from the Spitzer Files—our collection of e-mails between Eliot Spitzer's flack and reporters at the height of his hooker scandal—we congratulate the reporters who actually try to learn things before they go on TV.
A&E Buys Lifetime; Another Luxury Magazine Launch
• A&E has agreed to acquire Lifetime, which means it's not entirely out of the realm of synergistic possibility that Duane Chapman of Dog the Bounty Hunter will make a cameo on Project Runway sometime next season. Yay. [THR, NYT]
• The Daily News has dropped its restaurant critic, Danyelle Freeman, and doesn't appear…
Reader's Digest Goes Ch. 11, The Weinsteins On the Brink
• Another media company falls: Reader's Digest Association, the publisher of Reader's Digest (duh) and a handful of other titles (like Every Day with Rachael Ray), says it will file for bankruptcy protection shortly. [Reuters]
• As you may have heard, things haven't been too well for Harvey Weinstein and his brother, …
The Sale of The Globe, Olbermann's Worst Week Ever
• The New York Times Co. is now publicly shopping the Boston Globe. Meanwhile, the list of potential acquirers is getting longer: The firm that bought the San Diego Union-Tribune is now a possible buyer. [AP, NYT]
• Related: The Globe is going to start charging to access its Web site. [E&P]
• News Corp. and GE were…
Fake FT Shows Strong Future For Newspapers — As Novelties
A group of British volunteers distributed a very slick-looking fake Financial Times in London today in a stunt expressly modeled on that fake New York Times put out by the Yes Men last year.
Twitter, the Whiner's Best Friend!
Want to complain about someone? Media people who love to whine, from L.A. to Austin to Washington, all turn to Twitter to air their beefs. Gripes from a Ryan Seacrest wordsmith and others today:
Chernin's Exit, Griffin's Memoir, Cost Cuts at the FT
• More on Peter Chernin's departure from News Corp. and the likely possibility that Rupert Murdoch will hand over the reigns to his son, James. [WSJ, NYT]
• Rupert Murdoch has issued an apology for the Post's chimp cartoon. [NYP]
• Kathy Griffin scored a $2 mil. advance from Ballantine for a memoir. [NYO]
• The FT is…
It Is Always Funny When British People Say 'Fags'
What was comely Web-video starlet Veronica Belmont thinking about today? How about Chris Nuttall of the Financial Times? VentureBeat blogger Eric Eldon? Cats, fags, gadgets, and Facebook preoccupied the Twitterati.
Blackstone Blames the Brits
Steve Schwarzman's Blackstone Group has an explanation for that lawsuit by Financial Times which accused the private equity giant of sharing an account login and password to the FT website. A Blackstone employee tells the Observer that it was all the fault of the London office and the work of eight renegade…
Schwarzman: Too Cheap to Pay for a FT Subscription!
You know we're in a deep recession when even billionaire financiers can't afford to pay for subscriptions to the Financial Times. In what will go down as one of the more bizarre (and unintentionally hilarious) lawsuits we've seen in quite some time, the newspaper filed a lawsuit against Steve Schwarzman's Blackstone…
NBC's New Marketing Agency, Cathie Black's Contract
• NBC's Lauren Zalaznick is forming a "panel" to help marketers target women. Just a few who have joined the program: Maria Bartiromo, Meredith Vieira, Candace Bushnell, Shelly Lazarus, and Tori Spelling. [AdAge]
• Hearst's Cathie Black is expected to sign a new 3-year contract. [NYP]
• The FT has let 80 people go. […
Financial Times in bloggy redesign
At a time when some blogs are trying to reinvent themselves as news websites, the Financial Times, a U.K.-based rival to the Wall Street Journal, is considering a redesign adapted from blogs' reverse-chronological-order presentation of stories. [Silicon Alley Insider]
How Obama's Literary Agent Controls the World
Although Barack Obama can count on one hand the number of houses he and his wife own, the candidate's first real financial security was derived from his success in the publishing world with his memoir Dreams from My Father. The powerful agent who helped turn Obama into a literary franchise is lawyer Bob Barnett, who…
"If You Have The Guts To Invest In This Market Because Of Negative Headlines, Go Ahead, I'm Not Following You"
Breaking new media crush alert! The Financial Times columnist Francesco Guerrera went on CNBC this morning for a segment on how the financial crisis is so bad even newspapers read by stupid poor people are writing about it. Ooooh look it's on the cover of a Spanish paper and everyone knows Spanish speakers never met a…
Nintendo makes more per employee than Google or Goldman
Damn it feels good to be a gamer: The Financial Times has calculated that Nintendo will make $1.6 million per employee in 2008. That beats Goldman Sach's 2007 record — impressive when you consider Goldman's average salary was $660,000 per year, versus only $90,900 for Nintendo. (Photo by Geek on Stun)
WSJ Misidentifies Canada. Twice.
This is what happens when you let an Australian-born media mogul buy an American newspaper and import his chief editor from Britain: Suddenly no one on staff can correctly identify the country to the north (for the record, it's "Canada" — just "Canada"). And to think we actually believed Robert Thomson would make the …
Good Morning, Your Money Is On Fire
The morning news is terrifying even before the ominous opening of U.S. markets today, and was also scary hours ago before overseas markets opened and U.S. stock futures fell sharply. The bankruptcy at Lehman Brothers, the takeover of Merrill Lynch and the plea by insurance giant AIG for $40 billion in federal aid made…
