Morning Memo: Richie Rich Returns to His First Love (Fame); Tom Cruise to Mount Oprah's Sofa Again?

Rumor has it that fashion label, Heatherette, is no more as Richie Rich may start his own line or move out to Los Angeles (gasp!) to pursue music and television projects. [N.Y. Daily News]

For John Varvatos, the real challenge of opening a store in the CBGB space was not crossing picket lines but getting the stench of punk out of the space. [NY Daily News]

Olivia Palermo has a new boyfriend and he is known as “Joe Hotness.” [Daily Intel]

Jimmy Fallon will take over for Conan O’Brian as the host of Late Night in 2009. [Radar]

Wesley Snipes got sentenced to three years in prison for failing to file tax returns. [NY Daily News]

Tom Cruise is returning to Oprah, hopefully will not mount any couches. [NY Daily News]

Maria Sharapova doesn’t want to find out what happens when you make Anna Wintour wait. [P6]

Morning Memo: Richie Rich Returns to His First Love (Fame); Tom Cruise to Mount Oprah's Sofa Again?