We just got off the phone with our editor at Budget Living - as we had started a new column (Decorating RX) that was to come out next month - and heard the news first hand: Budget Living had the plug pulled last night. Everyone's getting paid till the end of the month, but it's going to be tough over there as everyone goes looking for work. The magazine world is brutal. All over Gawker this morning is news of layoffs and cutbacks in the industry. And Daily Candy will sell for $100m? It's only been half a year since Angela Matusik took over as editor-in-chief (you will remember her as a faithful reader and winner of last year's kitchen contest), and she had barely been able to make her own stamp on the magazine. In talking with her over the past few months, she had exciting plans and ways of tying the magazine and the website together in a more seamless fashion. Someone else will have to hire her now, so she can put her ideas to work. We wish her and all the BL people well and look forward to seeing them arise again (perhaps on the web?).