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Stengel Named 16th Managing Editor of Time (FBNY)
After a build-up that included a list of heavy-hitting candidates, Richard Stengel was named as Time magazine's managing editor, replacing the slot vacated by Jim Kelly, who earlier this week was named managing editor of Time Inc. WWD: Stengel has at various times served as Time's national editor, culture editor and senior writer. Since 2004, he has served as president of the National Constitution Center, a think tank. NYP: A familiar face. Jon Friedman: What I'd do if I could run Time. Lunch at Michael's: Kelly, Stengel, Pearlstine.

Clinton Plans to Write Book About Activism and Service (NYT)
Former President Bill Clinton is following up his best-selling 2004 memoir My Life with a book on citizen activism and service, to be published by Alfred A. Knopf sometime late next year or early 2008. Clinton was paid more than $10 million for My Life, an amount then believed to be the largest ever for a nonfiction book. One industry veteran with knowledge of the new deal says Knopf is paying an advance of around $5 million.

Labels Sue XM Radio Over Recording Device (MTV.com)
XM thinks of its Inno device as a high-end VCR that customers can use to make personal copies of their favorite satellite-radio programs. The recording industry sees it as a form of "massive wholesale infringement" and it took action with a federal lawsuit that seeks $150,000 in damages for every song copied by XM customers.

Mort Bids For Philly Papers (NYP)
The New York Daily News, owned by real estate magnate Mort Zuckerman, has put in a bid for the two struggling Philadelphia newspapers being auctioned off by McClatchy. Zuckerman reps made separate approaches to at least two other bidders, asking if they would consider joining forces.

Vivendi Rejects $50B Takeover Bid (NYP)
Alexander Vik, a jet-setting Norwegian who was once one of the world's richest people before losing a good chunk of his fortune when the Internet bubble burst, saw his takeover bid for Vivendi quickly rejected. Vik's Monaco-based Sebastian Holdings offered 33.50 euros per share for the French media and telecom giant, which is home to New York-based Universal Music.

Couric's Appearance at CBS Upfront Breaks NBC's No-Publicity Deal (LAT)
The network upfronts are known for their stunts and surprises, and CBS managed to pull off one particularly unexpected appearance by Katie Couric during its presentation at Carnegie Hall. The soon-to-be CBS News anchor Katie Couric came out to greet the crowd of advertisers two weeks before her 15-year run at NBC's Today concludes.

Oliver Stone's 9/11 Film Screened For NYC Cops (NYP)
Twenty-six minutes of Stone's World Trade Center, the first big-budget Hollywood film depicting the New York 9/11 attacks was screened for police officers last night. "It's very emotional to watch, but I think most New Yorkers are ready to see it," said retired NYPD cop Scott Strauss, who worked as a consultant on the movie. AP via San Jose Mercury News: Al Gore debuted An Inconvenient Truth to a Washington audience that included members of Congress.

Food Co.'s Ready For Food Fight (WSJ)
As Fast Food Nation, a movie based on Eric Schlosser's book, is set to have its premiere at the Cannes Film Festival, an array of U.S. food companies are sharpening a campaign to rebut the allegations in the film and a new book that fast-food chains contribute to the nation's obesity epidemic and other problems. Forbes: China church urges boycott of Da Vinci Code.

Original Survivor Sentenced to 51 Months (Forbes)
Richard Hatch, who won $1 million in the debut season of Survivor, has been sentenced to 51 months in prison for failing to pay taxes on his reality TV prize and other income.

That New Show Starring ... a Tube of Toothpaste (NYT)
For decades, the broadcast television networks have urged advertisers to buy time during the commercial breaks in dramas, sitcoms, reality series and other programs. This week, as the broadcasters present their prime-time schedules for the 2006-7 season, they are working almost as hard to promote the opportunities inside their shows as outside them.

Survey: Employees Favor Personal Surfing (AP via BusinessWeek)
It should come as most Americans with Internet access at work do some personal Web surfing on the job. A new survey finds that half of them would rather give up their morning coffee than forgo that ability.

Pitt, Jolie To Sell Baby Pics For £2.6M to 'American Weekly' (Life Style Extra)
Brad Pitt and Angelina Jolie have sold the first picture of their unborn baby for £2.6 million, according Britain's Daily Mirror. Says a source: "They've signed a £2.6million deal with a publication and the money will go to children's charity UNICEF."

Is CBS Playing it Too Safe? (TVSquad)
Joel Keller: Two days, two upfronts, two completely different programming strategies. ABC introduced twelve new shows, all but two scheduled to premiere this fall. CBS, secure in its first place position, introduced only seven new shows, four of which will bow in the fall.

Nerve to Target Parents? (WWD)
Nerve.com chief executive officer and publisher Rufus Griscom and his partners are in talks to create a site for urban parents — make that, for aging hipsters who hooked up on Nerve and decided to procreate.

21-Year-Old Blogger Defeats 5-Term Incumbent in State Primary (Pittsburgh Channel)
Mark Harris of SavetheGOP got 45 percent of the vote, topping state Rep. Tom Stevenson's 36 percent in a Republican primary in Mount Lebanon, Pennsylvania. Stevenson said the focus should have been on Harris' lack of experience, but voters didn't agree.