Comeback! Lindsay Lohan will read the Top Ten for David Letterman tomorrow night. Letterman will only break from making fun of her long enough to flirt with her. [NYT]
Scandal! Karl Lagerfeld flew his muses out to Paris to photograph them wearing the line he designed for the Italian label Hogan. Blake Lively was not invited. [Page Six]
Turf Wars! Sally Singer advised The New York Times Magazine to fire its entire photo and art staff. [WWD]
Red Flag! With Apple demanding a 30% cut of subscriptions, Conde Nast and Time Inc. found friendlier digital publishing options with Google Android. [WWD]
Heard it Before! Lance Armstrong retired from racing. He did not retire from owning one of the largest Demand Media content farms. [AP]
Hero! Malaysian investor partyboy Jho Low threw a Grammy afterparty so awesome it brought Jay-Z and Beyonce back together. [Page Six]
Impossible! Two and a Half Men creator Chuck Lorre says he’ll be really pissed if Charlie Sheen outlives him. [Daily News]
The Machines! Watson continues to dominate Jeopardy, be a computer. [LA Times]
Finally! Borders filed for bankruptcy. They are over $1B in debt and will close 30 stores in the coming weeks. [DealBook]