Though the buzz-worthy bells and whistles surrounding the issue — and the month's ad pages, double last year's (the better to pay Leibovitz's no doubt staggering bills) — will surely fatten Vanity Fair's bottom line, the magazine will also support charitable causes benefitting Africa with two initiatives: It will donate $5 of every subscription purchased online in the month of June to the Global Fund to Fight AIDS, Tuberculosis and Malaria. And Vanity Fair and (Product) Red will donate to the fund 100 percent of the sales from a special CD curated by African musician Youssou N'Dour on sale at iTunes for $8.99. — Stephanie D. Smith
ALMOST HOME: Felix Dennis is close to unloading Maxim, Stuff and Blender to private equity firm Quadrangle Group, according to sources familiar with the situation, although last-minute negotiations appear to be holding up an announcement of a deal. And as any banker worth his bonus will know, any deal can fall apart over small details. Quadrangle, which is working with ex-Wenner vet Kent Brownridge, is said to have bid more than $235 million for the magazines, though a figure has not been confirmed. — S.D.S.
MILLER TIME: For the first time in its history, Tod's has tapped a celebrity to appear in one of its ad campaigns — and not just any celebrity, but actress and tabloid regular Sienna Miller, who flew into New York last month for a weekend photo shoot at Megu in TriBeCa, straight from the set of "The Edge of Love," co-starring Keira Knightley. Mikael Jansson shot Miller with the fall 2008 collection, overseen by Derek Lam, Tod's creative director (and recent CFDA accessories designer of the year). This season will mark Lam's first time designing the brand's accessories as well as its ready-to-wear. Miller spent her downtime during the shoot chatting with Lam and Diego Della Valle, president of Tod's. The ads will be seen worldwide in fashion and lifestyle magazines beginning in August. — Amy Wicks