• A new poll finds that one-third of Americans under 40 think The Daily Show and The Colbert Report are replacing "traditional" news outlets. [HP]
• Nickelodeon is asking kids to unplug their TVs and gadgets for a minute on Earth Day to signal "a commitment to helping the environment." Just a minute, though! Then they can go back to filling their heads with mindless junk. [AP]
• CNBC's Larry Kudlow will not be running for the Senate. Crushing! [NYT]
• Ratings for President Obama's telecast last night "showed some audience slippage compared with his two most recent live events." [THR]
• The Chicago Tribune and LA Times are combining their foreign reporters into one unit. Meanwhile, the AJC is cutting 30% of its staff. [E&P, AP]
• How is Twitter going to make money? Good question! [WSJ]
• William Morris is likely to seal a deal with Endeavor this week. [TDB]
• Verizon says it plans to launch its own local TV channel in NYC this summer. It will be just like NY1, minus the incomparable Pat Kiernan, of course. [WSJ]