Mumbly Former Ballplayer May Not Be Upstanding Financial Genius

Lenny Dykstra—the former baseball player famous for sliding headfirst, chewin' terbacky, and picking stocks for Jim Cramer's website—allegedly touted a stock in exchange for money. Might bankrupt former athletes not be the world's foremost financial experts?
Happy Birthday
Two of the most overly dramatic—and annoying—people on TV are celebrating birthdays today: CNBC's Jim Cramer is turning 55; Glenn Beck of Fox News turns 45. Good Morning America's new anchor, George Stephanopoulos, is 49. Bob Iger, the CEO of Disney, is 59. Former Mets outfielder and failed financial guru Lenny Dykstra
It's Fix-It Time At the New York Times
• How's the New York Times Co. planning to lift itself out of the financial mess it's been in? Times Co. chief Janet Robinson says more cuts are on the way and the company is planning to sell off more assets. Also, there's some sort of paid membership model in the works, apparently. [WSJ, Gawker]
• Related: The paper…
Nick Kristof Is an Honest Man
In your commendable Thursday media column: Nick Kristof is the perfect columnist except for his writing, the NYT acknowledges its photo scandal, USA Today teaches us how to write a story that adds up to zero, and Lenny Dykstra's bankrupt.
Lenny Goes Bust
Lenny Dykstra, the former member of the New York Mets who tried to pass himself off as all-knowing financial guru, real estate investor, and magazine entrepreneur in recent years, filed for bankruptcy protection today. [Reuters]
Seymour & Brant Squabble, LiLo & Sam Reunite
• The feud between Stephanie Seymour and Peter Brant has gone from bad to worse. After tussling with Brant's bodyguards last week, Seymour was issued a summons on Saturday after she "yanked the keys out of a Brant-hired security guard's car, threw them in the bushes, and then used her Range Rover to block the…
No Fondue For David Remnick
In your awardy Thursday media column: the recessiontastic magazine awards are here, newspaper meta-layoffs, Lenny Dykstra's canned, more justice for Chauncey Bailey, and advertising brainstorming:
Any Old Celebrity Can Now Be a Financial Expert
What do you get when you mix the star power of musical train wreck Axl Rose with the finance-as-a-second-career media appeal of former ballplayer Lenny Dykstra? A Guns N' Roses financial columnist!
Ad Pages Plummet, Mags Cut Salaries and Staff
• Bad news: Magazine ad pages were down 11% in 2008 and 17% in the fourth quarter. Good news: They now take up less room in your bag. [AdAge]
• New York magazine is cutting editors' salaries. [ATD]
• Both OK! and the Star are laying off staff. [Jossip]
• Obama is expected to tap Julius Genachowski as FCC chair. [B&C]
…
Time Picks Barack, Oprah Signs with HBO
• As expected, Barack Obama has been named Time's person of the year. [Time]
• Oprah has negotiated a deal to produce movies for HBO. [Reuters]
• It appears the end is near for Lenny Dykstra's Players Club magazine. [NYP]
• News Corp. is moving its listing from the NYSE to the NASDAQ. [NYT]
• American Idol was the…
Athletes Can Wreck Magazines, Too
Lovable, tobacco-spewing former ballplayer Lenny "Nails" Dykstra is having serious problems at his new ballplayers-with-money magazine Players Club. Proving you don't have to be a media professional to run a magazine into the ground:
