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Miley Cyrus 'Embarrassed' By Vanity Fair Photo Spread (AP)
Miley Cyrus is taking issue with a photo of herself that's going around, and it's not another amateur, truth-or-dare Internet snapshot — it's the handiwork of Annie Leibovitz. The Cyrus pictures accompany an interview with the 15-year-old pop star and her father, singer Billy Ray Cyrus. They include shots of the teen wrapped in what appears to be a satin bedsheet, looking over her shoulder with her back exposed. WWD: Vanity Fair editor-in-chief Graydon Carter wants to revamp the magazine's Web site to make it "a fun, funny, spunkier version of the magazine."

Ferguson Scores At White House Correspondents' Dinner (TVNewser)
It may have been George W. Bush's final White House Correspondents' Association dinner as president, but Craig Ferguson stole the show. 3,000 people packed the ballroom at the Washington Hilton Saturday night for the annual dinner, where Hollywood met Washington, with a stopover in Glasgow. Unlike some past entertainers, the crowd warmed to Ferguson's performance. WWD: "Pamela Anderson and Mitt Romney in the same room?" President Bush said during his speech. "Isn't that one of the signs of the apocalypse?" TVNewser: The threat of rain didn't keep Nation's Capitol newsers from gathering for the annual pre-WHCA dinner garden party at the home of Tammy Haddad and Ted Greenberg. FBDC: At Haddad's lunch, 500 Washington insiders and Hollywood/New York notables said that Barack Obama is most likely to be the next president of the United States. Page Six: Heidi Montag and Spencer Pratt found a seat at Fortune's table.

The Capital Times Stops Its Presses, Will Live Online (NYT)
On Saturday, The Capital Times, Madison, Wisconsin's fabled 90-year-old daily newspaper founded in response to the jingoist fervor of World War I, stopped printing to devote itself to publishing its daily report on the Web. PressThink: For the people in Madison who care about newspapers, the ground shook on Saturday. Some said goodbye to all that, and left the trade. Others went forward with a new thing, writes Jay Rosen.

Murdoch's 'Head Of Content' (NYT)
In a long career, Robert Thomson has left a trail of happy reporters in his wake — at the Financial Times and more recently at the Times of London, where the newsroom under his guidance was, in the words of a former colleague, "the happiest place to work on Fleet Street." He's got his work cut out for him at The Wall Street Journal.

Hollywood Reporter To Launch 'Wholesale Overhaul' Of Brand (Folio:)
In what the company is calling a "wholesale overhaul" of its 78-year-old brand, the Hollywood Reporter is expected to announce today a historic relaunch its magazine, featuring a new logo for the first time in its history, as well as a broader editorial scope.

Marcus Brauchli's Exit Will Have No Impact On WSJ. (min)
WSJ chief revenue officer (since June 2007) Michael Rooney says, "We are proceeding as scheduled, and we anticipate a healthy launch. The foundation for WSJ. started before Marcus was promoted and before I came here [from ESPN]." Today: Ellen Asmodeo (ex-Travel + Leisure) formally starts as WSJ. publisher, joining editor Tina Gaudoin (ex-Harper's Bazaar/Vogue).

The End Of Network News As We Know It? (AdAge)
The big three TV network newscasts lost about 1.2 million viewers last year, and advertising on their three big morning news shows fell to an estimated $1.03 billion. The average viewer is 60 years old, and the demographic marketers most want to reach is more likely to be facing a computer screen than a TV screen when the evening news comes on.

TV Crew Members Still Feeling Effects Of Writers' Strike (LAT)
The writers' strike ended two months ago. But many in Hollywood remain on the brink. Some are at risk of losing their homes. Some can't afford groceries. Others have filed for bankruptcy. Still others struggle to work enough hours to hold on to their health insurance. Union officials say that thousands of crew members who normally would be busy at this time of year are still idle.

Barry Diller, IAC Board Set To Meet Over Break Up (NYP)
Fresh off his legal victory over Liberty Media, IAC/InterActiveCorp boss Barry Diller is expected to meet with his board this week to restart the process of breaking up his company into five separate pieces. At the same time, sources said Diller and Liberty Media Chairman John Malone are continuing to talk about a deal that would trade one or more of IAC's assets for Liberty's ownership stake in IAC.

Take a Picture Of An Ad, Earn A Reward (NYT)
Two men's magazines are trying to engage their readers more — by increasing their cell phone bills. Rolling Stone and Men's Health are both testing programs in which readers can take cameraphone pictures of icons on ads, then send them to a certain number. In exchange, they'll receive more information or an offer from the advertiser.

Twitter King (Forbes)
Last week, Scott Beale tried snapping a picture of Google's booth at a tech industry conference, only to be blocked by the company's public relations team. But that didn't stop Beale. He shot off a quick one-liner about his displeasure to his Twitter account. Within the hour, Bob Lee, a software engineer at Google, replied that he'd look into it. Soon, Google apologized. Call Beale a Twitter King.

NBC's Todd: Bill Clinton 'Woefully Unprepared For 21st Century Media' (B&C)
As NBC News political director Chuck Todd sees it, none has gotten burned by this new-media phenomenon quite like former President Bill Clinton. "It's fascinating: Nobody's been a bigger victim of the so-called YouTube moments than Bill Clinton," Todd said. "I think Bill Clinton was woefully unprepared for 21st century media."

Grand Theft Auto IV May Drive Up Electronic Arts' Bid for Take-Two (LAT)
Grand Theft Auto IV is expected to have one of the biggest debuts in entertainment history when it hits stores Tuesday. Analysts predict it will ring up more than $400 million at retail shops in the first week. Electronic Arts Inc. has offered $2 billion for Take-Two Interactive Software Inc., the game's New York-based publisher. Take-Two has told its suitor it's not willing to consider a deal, at least not until after Tuesday.

The Newspaper Death Watch (AdAge)
By now you know the story: The business of newspapers is in decline. It's a terminal decline, if you believe experts such as Jeffrey Cole, director of the Center for the Digital Future at the University of Southern California at Annenberg. His research suggests traditional media in general must learn to shrink, but newspapers in particular are a special case.

A Literary Critic Drops His Ax And Picks Up His Pen (NYT)
In a way, All the Sad Young Literary Men is an extended dark joke on author Keith Gessen's own literary career. At the football game, he admitted to monitoring his novel's Amazon.com sales obsessively. And he lamented the fact that more visitors to his novel's Amazon page chose to buy Sloane Crosley's essay collection, I Was Told There'd Be Cake, than his book.

The Real Threat To Google (BusinessWeek)
Ben Kunz: Google's biggest threat may not be Microsoft or Yahoo. No, one of the most formidable challenges facing Google is likely sitting in your pocket or purse. It's the limited advertising space on your cell phone, and it will put added pressure on Google and other Internet companies to revamp the way they handle online marketing.