Steven Rattner and Newsweek's Meacham Lunch... Lucky Hosts Facebook Sale...

Newsweek editor Jon Meacham was spotted lunching at Michael’s restaurant with falling Wall Street tycoon (and President Obama’s former car czar) Steven Rattner.

DESPERATION, MEET SCANDAL: Newsweek editor Jon Meacham last week said two wealthy individuals left him voice mails after The Washington Post Co. said it would put the struggling magazine on the selling block. Meacham further noted he might be interested in partnering with a few people to buy the unprofitable newsweekly. Cut to Tuesday afternoon at Michael’s restaurant — where no person goes unnoticed and where Meacham was spotted having lunch with none other than falling Wall Street tycoon (and President Obama’s former car czar) Steven Rattner. The former Quadrangle Group executive — whose star has been severely tarnished by the investigation by the New York State Attorney General and the Securities and Exchange Commission into his involvement in a pension kickback scandal — certainly knows the print world since he was a reporter at The New York Times before moving into finance and since Quadrangle made several media deals while he was there. So perhaps Rattner is considering a move on his own or with others into the magazine business? He could certainly use some good press, even if he owns it. Neither Meacham nor Rattner responded to WWD at press time. — Amy Wicks

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