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THAT’S LIFE: So much for those rumors that Walter Isaacson, former CNN chief executive officer and Time magazine managing editor and current president and ceo of The Aspen Institute, has been pondering a run for governor of Louisiana. (Kathleen Babineaux Blanco comes up for reelection next year.) “I’ve heard the rumor on and off for a month or two,” Isaacson, a New Orleans native and vice chairman of the Louisiana Recovery Authority, said Monday. “Most rumors like this have some basis for truth, but not this one. How about ambassador to Barbados — you can float my name for that job, if you want.”

Meanwhile, Time Inc. ceo Ann Moore is headed to New Orleans today with First Lady Laura Bush and Secretary of Education Margaret Spellings to announce a series of grants intended to rebuild school libraries damaged or destroyed by Hurricane Katrina. So why is Moore making the trip with two politicos? She’s hand-delivering books, photos and back issues of Life to a school that lost an entire collection, dating back to Life’s first issue in 1932, in the storm. As for the NOLA students whose term paper source material has been restored, we’re sure they’re thrilled.
Sara James and Jeff Bercovici

SOUTHERN EXPOSURE: Time Inc. editor in chief John Huey spent the better part of the White House Correspondents’ Dinner on Saturday getting to know fellow Atlanta native and rapper Chris “Ludacris” Bridges, who was a guest of People magazine. The evening’s keynote speaker — Stephen Colbert, of “The Colbert Report,” who hails from Huey’s current hometown, Charleston, S.C. — proved more elusive in the crowd. “Huey did not meet Colbert this weekend, but they will meet next week at the Time 100,” a Time Inc. spokeswoman said Monday. And if not, perhaps their children can introduce them? The Colbert offspring evidently took swimming lessons in the Huey family pool on Sullivan’s Island outside of Charleston last summer, after Huey’s wife opened the pool up to the community.

This story first appeared in the May 2, 2006 issue of WWD. Subscribe Today.

WEB SLINGER: A lot of magazines have recently begun taking their Web sites seriously, and Jane is no exception. The young women’s title (which is owned by Condé Nast Publications, parent of WWD) has hired a new Web editor to feed its Janey-come-lately obsession with blogging and streaming video. Melinda Anderson is no stranger to the Internet, having started her career as an intern at CondéNet, and served as managing editor at now-defunct “When I started the process of deciding what was next for me, my first instinct was, ‘Am I going to have to go back to the Web?'” said Anderson (whose father, Walter, is chairman of Parade). “Then the more I thought about it, the more excited I was to run toward the Web. The possibilities have changed.”

And what is she running from? Most recently, Anderson worked for Meredith Corp., researching the market for a new lifestyle magazine concept called Nice Life. Before that, she worked at Condé Nast, helping then-editorial director James Truman create a prototype of an arts-and-culture magazine. Neither project ever made it out of the incubator. Said Anderson, “Eventually, you can spin your wheels in development.”