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Could Colbert's Presidential Bid Violate Federal Law? (Radar)
Nick Curran: Ever the publicity hound, Comedy Central's Stephen Colbert must understand that no real presidential campaign is complete without a scandal. But does he know that if he succeeds in using his show to help him score a slot on South Carolina ballots as a bona fide 2008 contender, he'll also violate federal campaign law?

Murdoch Seems 'Both Pleased and Grumpy' at Facebook's Potential $10B Price Tag (Guardian)
At the We 2.0 Summit in San Francisco, Murdoch swerved away from the question of whether Facebook, with 47 million users was overvalued, or what MySpace, with 110 million users, is worth. "I would say we're different [from Facebook] and in spite of all the hype we seem to be growing faster," he said. The rival's valuation? "What it really does is it tells you that News Corp. is totally underpriced."

Anderson Cooper Gets Bugged Out in Brazil (E! Online)
When CNN producer David Doss announced that Planet in Peril would probably become a regular feature on Anderson Cooper 360, Cooper groaned, "Jesus Christ! We really need to solve this whole environmental thing quickly, because I really don't want to do it again."

Google Under Fire in Brazil Over Controversial Site (WSJ)
Google has gotten in hot water over its Web site Orkut, which like other social-networking sites allows people to swap information and create personal Web pages. For most of its history Orkut was ad-free. Then, when Google tried putting ads on the site, it ran into trouble. Critics in Brazil released a report showing advertisements on Orkut alongside pictures of naked children and abused animals.

Vogue Living Still Living (WWD)
Reports of Vogue Living's death may have been exaggerated — or at least premature. The Vogue shelter spin-off, downgraded last year to a "13th issue," appears this week for the second time, and several sources at Condé Nast said the company was strongly leaning toward bumping up the title to two issues next year.

An Assault on Media Diversity and Democracy (The Nation)
John Nichols: The mogul's dream is the citizen's nightmare. With the FCC's rewrite of media-ownership rules, local, state, and national democratic processes would be run through the wringer of media monopolies designed to reap massive profits. Basic liberties would exist largely within boundaries established and policied by local media managers.

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