In a Django template file...
{% if last_updated %}Last Updated: {{ last_updated }}{% endif %}
{% endblock %}
Wait, where is last updated set?
$ grep -R "last_updated" . // where "." is the Django project directory
stuff
./editorial/admin.py: last_updated = datetime.datetime.now().strftime('%B %d, %Y %I:%M %p %z')
stuff
Aha!