‘CosmoGIRL!’ Parties Like It’s Freshman Year All Over AgainLast night saw loads of magazine parties: The blazered GQ staff boogied down at Passerby, Wenner Media rocked out at Madison in the meatpacking district, and W celebrated its continued existence at Death & Co. We didn’t go to any of those, because we were at New York’s own fiesta at the Cub Room. Unfortunately, we can’t tell you much about that, partly because we’re not allowed to but mostly because we can’t remember much — except that we were pleased to learn that our co-workers like to party. And that Jessica Coen will do the splits if you ask her nicely. But we can offer you a report from inside the CosmoGirl soirée, held at the decidedly un-girlie Rumours, a tinsel-decked, wood-paneled sports bar on Eighth Avenue in midtown.
Jann Wenner Has No Contingency PlanAs Rolling Stone celebrates its 40th anniversary (and celebrates, and celebrates), Business Week’s Jon Fine discovers that 62-year-old founder Jann Wenner has no plans for succession. “I haven’t thought about it all,” Wenner told Fine. Selling the company is “not inconceivable,” he says. But “it’s not on the table now.” In his column, what Fine finds inconceivable is the Rolling Stone’s own staying power. It “astounds” the media critic that a magazine with no emphasis on the Web and a baby-boomer focus manages to have such a cache with advertisers. But as Wenner ages, who will his mini-empire of RS, Men’s Journal, and Us Weekly pass to? A sale would sock Wenner and his estranged wife, Jane, with massive capital-gains taxes, Fine argues, so they’re unlikely to want to sell. In other words, what we expected all along will probably come to pass. Wenner will never let go of Rolling Stone until he is 90 years old and the magazine has to run shots of Bruce Springsteen’s grave to keep up its annual Boss cover quota.
The Last Tycoon of Print [Business Week]
Related: The Odd Couple [NYM]
No Band, Little Booze, But Good Food (for Munchies?) at Wenner PartyThere was one last big blowout to catch before Holiday Party Season 2006 wound down: The annual Wenner Media extravaganza. With the bank busted on Rolling Stone’s 1,000th-issue celebration in May, this year’s holiday gathering was less glitzy in the past, with no big-name musical act slated to perform. But that didn’t stop indefatigable party reporter Julia Allison. Her wrap-up — her final wrap-up of the season — is after the jump.