The co-founders of New Times, now known as Village Voice Media*, were arrested last night ("led away in handcuffs," according to their press release), at their homes in Phoenix, AZ, on misdemeanor charges related to revealing details of a grand jury investigation. Mike Lacey, the company's executive editor, and Jim Larkin, VVM's CEO, revealed in a story published yesterday in the Phoenix New-Times, that the paper is the target of a grand jury investigation stemming from a long-running feud with mercenary county sheriff Joe Arpaio. A few hours later, they were in the pokey themselves.