Conde Nast's home shopping magazine Domino folded last month. Here, photos of their magazine death party, at the apartment of editor Deborah Needleman. Note the bottles of Stella, the official beverage of magazine closings. Sad.

MSNBC's Peter Alexander concludes an interview today with the president of the NAACP by noting, "The president honors this country's colored people." Nilla! Shortly afterwards Alexander apologized, which was even more amusing.

• Viacom reported a 69 percent drop in its fourth-quarter profit today. [NYT]
• Vibe is cutting back to 10 issues a year and merging its print and digital operations. It's also slashing pay and adopting a four-day workweek. [AdAge]
• Sirius XM is looking to sell the company to Liberty Media in order to fend off a takeover by satellite entrepreneur Charles Ergen. [WSJ, NYT]
• Paul Allen's Charter Communications may file Chapter 11 by April. [THR]
• Scene from Domino's death party last night. [Gawker]
• Quentin Tarantino's Inglorious Basterds will hit theaters this August. [RB]

Bobbie Battista was a CNN anchor for 20 years, covering everything from the fall of the Berlin Wall to 9/11. What's she up to now? Reading fake news for The Onion. A step up!

Is the bad economy a turn-on, or a turn-off? With a fake recession trend story, either can be true! Just study this easy guide to manufacturing trends in these tough times. Everybody's doing it:

Fashion Week this year will just be full of commoners and riff-raff, because people are scalping "tickets" for it all over Craigslist! The five priciest—and five cheapest—"tickets" below. Buy some for the hobos!

Earlier this month we told you about rumors of serious money troubles at Vibe , said to have endangered the March issue. The company denied that. But the "money troubles" part was obviously accurate:

In your almost-Spring Wednesday media column: layoffs at Billboard, Comcast calls the FBI, the continued decline of lunch, and the future of newspapers is here!

Alexandra Penney—the stupendously un-self-aware once-rich former magazine editor and sex book author who lost all her money to Bernie Madoff and became our favorite blogger—has a book deal! "Notorious" is the new "Deserving."

• Daily News owner Mort Zuckerman is cutting employee benefits. [NYP]
• Former Self editor and Bernie Madoff victim Alexandra Penney has landed a book deal with Voice, an imprint of Disney's Hyperion Books. [NYT]
• A few photos of Michelle Obama from the new issue of Vogue. [HP]
• How SI's Selena Roberts landed the Alex Rodriguez steroid story. [NYO]
• Former NYDN editor Michael Cooke is leaving Chicago for Toronto. [CT]
• John Grisham is close to signing a big e-book deal with Random House. [WSJ]
• The Justice Department plans to investigate the proposed (and controversial) merger of Ticketmaster and Live Nation. [AP]

Note: We're redacting the prosecution's list of the two video files and three images they allegedly found on Bruns' computer because of their highly graphic descriptions of sex acts involving girls they describe in two instances as "under the age of 10," and in two others as "under the age of five."

Gawker has obtained the criminal complaint and arrest warrant filed by federal prosecutors against Fox News producer Aaron Bruns, including the affidavit of the detective who investigated him. Here's how they say it went down.

This is the year of new ideas for saving newspapers! Unfortunately, the main solutions seem to be plagued the one thing that led most people into journalism in the first place: lack of math skills.

Do you listen to satellite radio? Do you find Howard Stern's antics amusing? Do you have some spare change buried in your couch? Get to work. Unless Sirius XM finds a buyer in the next few days, the company will probably file for bankruptcy protection "within days." [NYT]

In the March Harper's there's an article about last fall's Frankfurt Book Fair, where the publishing industry gathered to bemoan its recession-era fate. Will a world with poorer authors really make publishing more pure?

In your sumptuous Tuesday media feast: Celebrity mags flounder, interns replace reporters, Ron Burkle's steaming mad, the New Yorker has jokes, and more!

Esquire has a profile of every liberal's favorite Fox News jockey Shep Smith this month. It's cute-ish and funny, but a bit murky. Just who is this guy? Is he friend or foe?

• HarperCollins announced layoffs and a major reorg today. [NYO, Gawker]
• No one wants to take the editor job at OK! [Page Six]
• Ron Burkle's magazine distribution company is suing a bunch of publishing companies for trying to drive it out of business. We should be so lucky. [NYP]
• Michael Kinsley explains why micropayments won't save newspapers. [NYT]
• Time's Walter Isaacson, however, argued the opposite position last night when he appeared on The Daily Show with Jon Stewart. [NYO, TDS]
• Hachette is dropping out of the Magazine Publishers of America. [AdAge]
• Live Nation and Ticketmaster have announced plans to merge. [NYT]
• CBS scored big ratings on Sunday thanks to the Grammys. [AdAge]
• A day in the life of Fox News anchor Shepard Smith. [Esquire]

Today is a major layoff day at publishing house HarperCollins. Below, two internal memos [Updated: three], and the rumors we've heard so far:

The identity of subway ad vandalartist Poster Boy is now the most important issue facing New York. He was arrested last week—or was he? Either way, the guy is now fighting the power: