CBS Sports Understands the Kids and the YouTube

MEDIA
• CBS Sports launched an NCAA Tournament channel on YouTube yesterday. Not everyone's afraid of the Web. [MediaWeek via mediabistro.com]
• But things aren't as good over at CBS Radio, where CEO Joel Hollander is letting his contract lapse after disagreements with Les Moonves. [NYP]
• Starting this weekend, you can add the Sunday Times of London magazine to the pile of things you don't have time to read. [WWD]

FINANCE
• Can Blackstone employees get any richer? They can, if the fund goes public. [CNBC via DealBook/NYT]
• Can UBS stay in the investment banking game? Ken Moelis is rumored to be on his way out; one of his protégés, Jeffrey McDermott, left yesterday. [Deal Journal/WSJ]
• In honor of St. Patrick's Day, the CEO of Diageo North America, owner of Guinness and Bushmills, will ring the closing bell at the New York Stock Exchange. [NYSE Group via DealBreaker]

LAW
• Sadly, Aaron Charney did not make a surprise appearance at the LeGal dinner last night, despite delicious rumors to the contrary. [Soloway via Above the Law]
• Welcome back, Kenneth Starr! America's favorite independent prosecutor will argue before the Supreme Court that an Alaska school principal had the right to rip down a student's "Bong Hits 4 Jesus" banner. [Law Blog/WSJ]
• There a new online forum advocating for women in the legal profession: Ms. JD. [Ms. JD via Legal Blog Watch]

FASHION
• Bag-fight! After Louis Vuitton announced their patchwork purse cost $42,000, Chanel one-upped them with a $45,000 crocodile one. [Fashionista]
• Designer Tory Burch (and Lance Armstrong's latest girlfriend) is suing Strawberry's for copying her ballet-pump design. [WWD via UK Vogue]