As he does every year, Keith Kelly celebrates the holidays with a report on Conde Nast's annual power luncheon, where Si Newhouse holds court over his editors and publishers and a well-choreographed seating chart lets each person know how pleased or disappointed Si is in circulation and ad pages.

Seated at Si's right at Table 4 this year was Cindi Leive, the Glamour girl. Vanity Fair's new publisher Edward Menicheschi had the left-hand seat. And seated far, far away, at Table 1? That would be VF editor Graydon Carter. Even sagging Jane editor Brandon Holley got better treatment than that.