• Boston University's students will now be able to get course credit for recording Saturday night's keg stands on their Razr. [Cinematical]

• Not content to own merely the gossipy Digg-like site Lipstick.com, Conde Nast picks up Reddit too. [TC]

• Fox 411's Roger Friedman originally reported (and sticks by) Studio 60's cancelation. But GE chief Bob Wright says he wants to see the series remain on air. [Fox 411]

• Newspaper circulation may be plummeting, but why would that worry analysts? [E&P]

• The amount of money MSLO is burning through was less this quarter. More good news: Martha gets a third season. [TV Week]

• Tori Spelling gets another TV deal. Though it's only for six episodes. And it's on Oxygen. [TV Week]