Klein has shot the next three covers, including August's Daniel Radcliffe one, and is committed to photograph the covers for "the balance of the year," said Peres. While the editor declined to comment specifically on the cover budget, he did say, "This is not a money job, and if he were looking for a money job, obviously he wouldn't be shooting for Details. I think he's doing it out of commitment to what he believes he can add to what we do, certainly not for the paycheck."

Details, which like WWD is published by Condé Nast Publications Inc., has an overall rate base of 425,000 and sold an average of 76,117 copies on the newsstand in the last six months of 2006, flat with the preceding year. — Irin Carmon

ROCK STAR: Loud applause and shouts of "I love you!" were lavished upon André Leon Talley as he stood in front of the graduating class of the High School of Fashion Industries in New York Thursday morning. Talley had clearly achieved star status among the students and many of them may have given away the reason why: They whispered to each other during his speech that they hoped to one day get a job at Vogue. He told the teens that frustration, paying attention to detail, perseverance and "never being afraid to fail," are a few of the keys to success. He also recounted stories of his own start in New York in 1975, when he worked for Andy Warhol. Talley warned the students to stay humble and gave examples of the menial tasks he performed for Warhol, such as fetching his lunch and licking stamps. "Have respect for the universe you are about to walk in," he said. And while students hung on every word of Tally's speech, it was the school's principal, Hilda Nieto, who could lead his fan club. "Last night I stayed up and read his entire memoir — again," she admitted. — Amy Wicks

KARL SHOOTS FERGIE: In an unlikely pairing, singer Stacy Ferguson, aka Fergie, has teamed up with Karl Lagerfeld for an upcoming feature in V magazine. On Wednesday, Lagerfeld shot the songstress in Paris for an eight- to 10-page feature in the fall issue. A spokeswoman added it's too soon to tell whether Fergie will make the cover. Fergie's camp at Wilhelmina Artist Management put the shoot together. — A.W.