Katie Couric Goes There With Larry King

MEDIA
• Fox is refusing to pay a $91,000 FCC-imposed fine for a 2003 broadcast of Married by America that featured footage of strippers at bachelor and bachelorette parties. Has the FCC never seen The Search for the Next Pussycat Doll? Or, you know, TV? [Bloomberg]
• Katie Couric snaps an unsuspecting Larry King's suspenders. [WWD]

FINANCE
• The Federal Reserve's PDAs with Wall Street are making some people uncomfortable. [Business Week]
• JPMorgan Chase made a whopping $1.36 billion on Visa's IPO. "It's hard to raise that kind of cash in today's market," an analyst said. [CNN]
• More than 20,000 more layoffs are expected in New York financial sectors — not including at Bear Stearns. [DealBook/NYT]

LAW
• The Justice Department approved the Sirus-XM satellite-radio merger. That means Howard Stern, Martha Stewart, Judith Regan, and the Rolling Stones will now be mixing and mingling with Oprah. [NYO]
• Did the JPMorgan lawyers screw up the Bear Stearns deal? [WSJ]
• Milberg LLP's co-founder Melvyn Weiss faces 33 months in prison and a $10 million fine after pleading guilty to a kickback scheme. [Fortune]