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How To Disappoint Your Graduating Class (WWD)
Howard University got Oprah Winfrey, Columbia University snagged "Lost" actor (and class of '89 graduate) Matthew Fox. And on Wednesday, The Laboratory Institute of Merchandising, the College for the Business of Fashion will welcome Time Inc. executive vice president Stephanie George. The publishing veteran jumped at the opportunity since she was a teacher at the Fashion and Art Institute of Dallas (now the Art Institute of Dallas) for eight years before beginning her career in magazines.

Lions Gate Raises $400M (Bloomberg)
Lions Gate Entertainment Corp., operator of the largest independent U.S. film studio, raised $400 million with Pride Pictures LLC to finance a slate of 23 movies including Bug, released last weekend. Closely held Pride and Lions Gate jointly own the fund, which is backing forthcoming releases such as Good Luck, Chuck and 3:10 to Yuma, Lions Gate said yesterday in a regulatory filing.

Jill Abramson Goes Home, To Work (NYO)
New York Times managing editor Jill Abramson checked out of Bellevue Hospital on May 29, three weeks after being hit by a truck at the intersection of Seventh Avenue and 44th Street. Abramson suffered a broken femur and fractured hip in the May 8 accident. In an e-mail from Bellevue, Abramson said that she has also been vetting stories and taking part in conference calls with editors. "[Executive editor] Bill [Keller] has asked me to lead an investigative project for the next month, which I'll mainly do from home," Abramson wrote in an e-mail. "It involves a group of domestic and foreign reporters, but I obviously can't tell you what it is."

Anheuser Gives Web Channel Another Try (WSJ)
Anheuser-Busch has decided instead to revamp the Web site to make it edgier. Just three months ago, the St. Louis brewer made a big splash in advertising circles with the launch of Bud.TV. The network, which includes 2,000 minutes of original programming, was aimed at getting the attention of beer-drinking young men, who are spending more of their time on the Web. But traffic to the site has plummeted amid complaints from viewers.

Mark Whitaker is Ready for His Third Act (MarketWatch)
Whitaker, 49, started his journalism career as a Newsweek intern three decades ago. With perseverance and exemplary news judgment, he shot up the ladder and became the magazine's editor in 1998. Last year, he took a position as editor in chief of new ventures at Washingtonpost.Newsweek Interactive. Then a few months ago, NBC News chief Steve Capus made Whitaker a career-altering offer: an opportunity to be his deputy, with oversight of the department's daily editorial, newsgathering, and new-media efforts.

Arts Space in Brooklyn to Get New Digs (NYT)
In a move that has greater symbolic significance than mere real estate hopscotch, Galapagos Art Space, the pioneering bar and performing arts space that helped put Williamsburg, Brooklyn, on the cultural map, is moving a few neighborhoods down the East River, to Dumbo.

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