Have Michael Wolff and Victoria Floethe broken up? That's what we hear! If true — and please tell us, either way — it's a tragic end to a fairy tale romance that enchanted even the most jaded of observers.

Incisive Michael Wolff commentary on Jenny Sanford: PAY ATTENTION TO MEEEEEEEE!!

WWD has a long piece today on Michael Wolff, the Vanity Fair columnist who has had a rough few months ever since we first reported that he was carrying on an affair with a former Vanity Fair intern named Victoria Floethe. If you've been wondering what Wolff has been doing since he disgraced himself so fully (or you're interested in seeing a photo of where he's currently living), you should enjoy.

"The scandalous elements of a man having an affair seem to escape me." That is Michael Wolff, talking about himself. We think some of the aggregated headlines over at his news website Sploid Newser might help enlighten him!

Weird! Last year Michael Wolff thought Politico was lame because politics is boring. Now he thinks it is the greatest thing ever! Politico's foreign policy correspondent disagrees, which is why he quit after six months.

Michael Wolff, internet shouty guy and writer-for-magazines, was supposed to write a juicy tell-all for Vanity Fair about his scandalous affair with an intern! Instead he's apparently been working on a piece about fucking Politico?

In your emboldened Wednesday media column: More on the Spin layoffs, "Where were you when Vibe died?" stories begin, Froomkin's proud, Michael Wolff's unnecessarily loud, and newspapers are how(itzer)ed.

• It's been two years since Ben Silverman became co-chairman of NBC Entertainment. And what a two years it's been, huh? [LAT]
• The largest union at the Boston Globe will vote on a new contract on July 20, even though it's yet to iron out a deal with the New York Times Co. [BG]
• Reader's Digest's plan to remain relevant: It's going to become even more conservative and old-fashioned, and embrace religion and stuff. [NYT]
• How are some newspaper reporters dealing with unemployment? They're turning to careers as go-kart racers. Just as you suspected. [Fortune]

Newser, the news aggregator co-founded by intern-shagging media blowhard Michael Wolff, has secured $2.5 million in first-round funding. The source is reported to be numerous individual investors, who must have been unfazed by the Wolff goat-molestation rumors. [Paid Content]

Michael Wolff has a habit of surreptitiously offering meta-commentary on his own untidy life via his Newser columns. Today's headline: "Here's Why I Like Silvio Berlusconi." At this point we have to assume he's just fucking with us.

• The newspaper industry may look to take a cue from the music business in its elusive hunt for new sources of revenue. Because, clearly, if there's one industry to gleam some wisdom from, that's the one. [MP, WSJ]
• The Justice Department is looking into whether tech giants like Yahoo! and Google violated antitrust laws in their recruiting efforts. [WaPo]
• NBC's two-part White House special scored big ratings. Conveniently, it also squeezed in plugs for every other show on the network. [HP, Newsday]
• Laura Ling and Euna Lee went on trial in North Korea today. [WaPo]
• Silvio Berlusconi is feuding with Rupert Murdoch. And so now Michael Wolff says he really likes Berlusconi. Business as usual, clearly. [Gawker, Reuters]
• Here's something really depressing to chew on: Glenn Beck is No. 81 on Forbes's "Celebrity 100" list and made $23 million last year. [Forbes]

Are you sick of Jon and Kate Gosselin? Probably. But that's not going to stop the media from writing about them. They apparently just discovered the story, and in a room in Minnesota, news types are wringing their hands over missing it for so long.

I have no idea! It's just an eye-grabbing headline. Like Michael Wolff's own headline on his onanistic daily column today: "Is Sonia Sotomayor Gay?" Michael Wolff has no idea. But he made you click, ha!

Is there a plot to deny Michael Wolff airtime on CNBC? For the second time in the last month, a technical glitch ended up interrupting one of his appearances, although we can't imagine viewers minded the fact that his image disappeared behind a blue screen for a minute or so while he droned on about Jon & Kate Plus 8, a show he explains at the outset he's never even seen before. (That's his shoulder sticking out on the right side of the photo.) The video is here; skip ahead to the 2:45 mark to see Wolff's magical disappearing act in action. [CNBC, previously]

We already know more about Michael Wolff than we'd frankly like to, so his disclosure today that pervy American Apparel founder/pornographer Dov Charney recently hit on his daughter in Union Square just creeps us out.

• Walt Disney reported that profits plunged 46% last quarter. [Variety, WSJ]
• Mort Zuckerman's plan to save newspapers involves bingo. Really! [NYM]
• The New York Times Co. has reached a deal with the unions at the Boston Globe, although it may take a few weeks to vote on the compromise. [E&P]
• NBC's Washington headquarters is contaminated with asbestos! [NYO]
• Tricky Dylan Ratigan isn't joining ABC after all. He's going to MSNBC. [Gawker]
• Michael Wolff may hate the New York Times, but if it weren't for the Times, he'd probably have nothing to rant about on his unknown website. [HP]
• Amazon unveiled its fancy, new Kindle reader today. [NYT, E&P]

Professional media beef-starter Michael Wolff is starting another beef! It's just what he does. Today's target: NYT media columnist David Carr, who Wolff says "I've never personally liked very much." We know why, Michael!

• New York Times union members approved a five percent pay cut last night, which takes effect today. Meanwhile, the NYT will resume negotiations with the Boston Globe's largest union at 5pm this afternoon. [NYP, E&P]
• The Onion is killing off its LA and San Francisco print editions. [Gawker, MP]
• How desperate has NBC become? Execs have announced that Jay Leno "is not afraid to experiment with live commercials and with sponsorships." [AdAge]
• Better news for NBC: It scored big with its coverage of the Derby. [NYP]
• Ad spending in the fourth quarter fell 9.2% from a year earlier. [WSJ]
• Writers gathered last night to say goodbye to the Times' City section. [NYO]

Did you know that Michael Wolff's unknown, third-rate website is "the fastest growing news site in the country"? Did you know it's putting the New York Times out of business? We sure didn't, and while we have our doubts about the continued survival of the Times, too, we're pretty sure the last thing Arthur Sulzberger Jr. worries about before he goes to sleep at night is the fifth failed media company that Michael Wolff has started over the past two decades. But it is nice to hear him talk about his company's unique ability to take an "incredibly long, incredibly gassy" Times story that's 1,200 words and reduce it to 65-120 words without losing "a thing." Perhaps next Wolff could kindly take his gassy 3,300-word columns for Vanity Fair and reduce them, too? Considering that amid all the gassiness, Wolff rarely has a point to make, a five or ten-word sentence should suffice. A clip from Wolff's appearance on CNBC on Friday night after the jump.

In your overblownTuesday media column: Time is a biter, Michael Wolff is an exaggerator, Portfolio is a fantasist, Newsweek is stank, and Esquire is an [expletive deleted]: