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Skadden Arps

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Fox Business Network: Still Painting the Offices

MEDIA • Looks like the Fox Business Network has a shitload of work to do on their studio before launching next Monday. They've got the requisite bright-red circle hung above the anchor desk, but otherwise the floor's not even finished. NBC News, on the other hand, finally cut the ribbon on their new 30 Rock studio, which president Steve Capus compared to "the dance floor of the Stockholm Hilton." Was that supposed to be a compliment? [FishbowlNY/Mediabistro, TVNewser] • Jan Wenner failed to lure Ed Felsenthal away from the Journal (and Portfolio) and had to settle for Brad Wieners as new editor at Men's Journal. Wieners has been acting editor since August, when James Kaminsky decamped for Maxim. [NYP] • Poynter Institute: As a journalist, it's your "duty" to read the print newspaper. Unclear how that affects bloggers. [Poynter]

Question of the Day: What to Do When Rupert Calls?

MEDIA • Rupert Murdoch personally called several reporters at The Wall Street Journal, including Tara Parker-Pope, Kate Kelly, and Henny Sender, to try and persuade them to stay with the paper. Some staffers are jealous, others asking whether the media baron is already overinvolved. [LAT] • Despite its huge ad counts, the Times Magazine is cutting first and business-class flights for reporters. From now on they’ll have to get masthead-level approval to avoid us plebes back in coach. [Gawker] • Former Jane staffers hope subscribers trash the Glamour issues they’re being sent as substitutes for the shuttered mag. How Jane of them. [NYP]

It's Expensive Being Rupert Murdoch

MEDIA • Did Dow Jones cost Rupert Murdoch an extra $1 billion just because he’s Rupert Murdoch? [Slate] • Rik Hertzberg to blog for The New Yorker. From YearlyKos. And without fact-checking. [WWD] • Doug Henwood feels guilty about enjoying The Nation’s cruise. Because liberals always feel guilty. [The Nation]

Is Murdoch Starting to Sweat?

MEDIA • With the deadline set for 5 p.m. tonight, the Bancrofts' vote on the Dow Jones deal remains too close to call. [WSJ] • Jimmy Fallon is apparently the lead contender to take Conan O'Brien's place once Conan jumps to Leno's time slot. Yikes. [Broadcasting & Cable] • Is Jane Pratt's new project a Gwen Stefani magazine? [Fashionista] • Late-night talk legend Tom Snyder is dead at 71. [AP via NYT]

H&M: The Game

FASHION • When shopping at H&M isn't stimulating enough, play The Sims 2: H&M Fashion Runway. [Pro-G] • The Olsens do menswear. [Fashionista] • Ralph Lauren claims American fashion is just starting. [British Vogue]

Wall Street Suffering Butler Shortage

FINANCE • The Dutch-based International Butler Academy may open a New York training center to supply hedge-fund managers with personal valets. [NYP] • A Cerberus managing director admits the firm has a horrible name but says it's too late to change it. [NYT] • Activist fund managers are known on the Street to be bullies. But who's the meanest of them all? Vote now. [DealBreaker]

Skadden, Arps Tops AmLaw 100

LAW • Skadden Arps tops the AmLaw list with $1.85 billion in revenue last year. [The American Lawyer via Law Blog/WSJ] • The AmLaw 100 reveals that the majority of top-performing firms have profits per equity partner of $1 million or more. [The American Lawyer] • Martin Armstrong, the Ponzi scheme investor who was jailed for contempt for over seven years, was released after a psychiatrist testified in his favor. Armstrong now begins his original five-year sentence, with no credit for time served. [New York Law Journal]