Look at this nasty ad for shingles medication. It is featured prominently on the New York Times home page today. Is there no gross ad the Hobo NYT will not display, in exchange for precious money? (Click for full grossness!)

• The Harry Potter frenzy kicked off last night when the latest installment debuted at midnight last night and raked in $22.2 million in the process. [THR]
• Jared Kushner's struggling Observer is still hunting for a new editor. [DF]
• Time Inc. has "assembled a high-level SWAT team" to revamp Fortune. [NYP]
• The most successful magazine at the moment? Fitness. Obviously! [Folio]
• Ukraine's Culture Ministry has banned Brüno because "it's immoral." [THR]
• A hacker accessed the computers of several Twitter employees, made off with a big bunch of documents, and is now leaking the info online. Technology! [TC]
• Is NBC's wacky, new terrorist-hunting reality show going to put war correspondents in danger's way? Guess we'll find out shortly, right? [NYO]

In your level-headed Wednesday media column: Jared Kushner congratulates his busy employees, the New York Times Co. explains how broke it is, a great idea for J-schools, and Fitness magazine finds success in fat America, somehow.

ABC News' Jake "The Octogon" Tapper thinks NBC News is totally "slimy" for their gross and "insulting" reporting during South Carolina Gov. Mark Sanford's disappearance. The nerve of those guys, suggesting that something untoward was going on!

Yesterday, Debbie Rowe's lawyer demanded that the New York Post retract its claim that she sold her kids to Katherine Jackson for $4 million. Today the Post dug in.

Oh my—Bill O'Reilly is angry. Angry at Newsweek specifically, for perpetrating what he sees as a "growing problem in America...media corruption." What did Newsweek do? They allowed a liberal columnist to criticize Fox News and Sarah Palin!

The New York Post is facing a demand for retraction from Debbie Rowe's attorney over a story in today's paper, and it's choosing an odd way to defend itself: By relying on the reporting of its arch-rival, the Daily News.

Felix Dennis is publishing's wild man! How is the former Maxim publisher and admitted (then hastily retracted!) murderer keeping himself busy these days?

In your tragic Tuesday media column: the ad slump is *almost* over, the NYT Co. sells its classical music station, an act of God stops Bob Woodruff in Iraq, and a eulogy for a murdered Complex magazine intern.

Stephen Colbert e-mailed Gov. Mark Sanford's office—in character!—last month at the height of the media frenzy surrounding the governor's disappearance, inviting him on the show "for a friendly place to make light" of the story.

• The New York Times Co. is selling its classical radio station WQXR to WNYC Radio and Univision as part of a "complex deal." One thing that isn't complex: The sale will pump a much-needed $45 million into the paper's coffers. [NYT]
• Is Rupert Murdoch planning to buy the Daily News from Mort Zuckerman? That's what some are suggesting, although Mort is denying it. [DailyFinance]
• McGraw-Hill shouldn't expect to make much from the sale of BusinessWeek. In fact, the company may be forced to give the magazine away. [FT]
• Neil Patrick Harris has signed on to host this year's Emmy Awards. [NYDN]
• Russell Brand will be the host of the MTV Video Music Awards. [Vulture]

Sinclair Broadcast Group, the media company that aggressively used its 57 television stations to distribute lies about John Kerry and did everything it could to make sure George W. Bush won re-election in 2004, is on the verge of bankruptcy.

BusinessWeek is for sale! How much do we hear for this, the granddaddy of all business magazines? Do we hear...$1? Anyone?

In 2006 ABC's Bob Woodruff was seriously injured in a bombing by Iraqi insurgents while covering the war for his network. Today he returned for the first time since the incident.

Veteran media reporterDylan Stableford has been laid off from Folio magazine. Media reporting: it sucks.

Dow Jones CEO Les Hinton was asked last week by England's House of Commons to testify about the rampant wiretapping that he allegedly oversaw when running Rupert Murdoch's British newspapers. He's not going to show.

Paula Froelich, the long-time No. 2 on the New York Post's Page Six gossip column, just gave two weeks notice, a source says. She recently published a novel Mercury in Retrograde, and there's no word on what she's doing next.

Bernie Madoff's only remaining purpose in life is to be exploited by the media. Who will land the first jailhouse TV interview with the villain? We handicap the possibilities, below.

The Fox crew are plain goin' nuts about how Obama has appointed many people whom the media have dubbed "Czars." They will not shut about about the Czars! You know who else hated Czars, guys? How soon we forget!

A numbers genius—not Nate Silver!—has pored over the 171,000-plus recorded updates of the Drudge Report since 2002 and put it all into chart form. Most stunning-yet-not-surprising statistic: two-year-old Politico ranks 16th among sites linked to by Drudge.