When they first registered the domain in 1993, they didn’t mean it like that. “Tea Party was a euphemism the Beat poets used for getting high and writing poetry and vibing with each other,” says Tea Party — the “Moroccan roll” band, not the political party — bassist Stuart Chatwood. The band split six years [...]

Alright, is this immature? Yes. Is it a little stupid? Yes. Did it make us laugh really hard when we saw it? Absolutely. The folks over at the Society of Publication Designers caught a fairly interesting juxtaposition at their local newsstand involving the covers of Bloomberg Businessweek and Wired and what looks like a naked, angry Sarah Palin. Forgive us, dear reader. We just had to share it with you.

Eat that, Web 2.0 naysayers: Twitter is profitable in 2009, Bloomberg Businessweek reports. Twitter is still at least a few months away from integrating advertising, which could be its real moneymaker further down the road. The key to Twitter’s surprise yearend profitability? Search deals with Google and Bing, which total about $25 million.

BusinessWeek, the $5 million mag recently acquired by the pomegranate-providing Bloomberg L.P., has announced that the company has selected Josh Tyrangiel, a 37-year-old non-business journalist, to run the revamped title. With the acquisition set to close by the end of the year, the selection of an editor-in-chief is a highly symbolic and indicative move.

It’s official: after weeks of speculation, Bloomberg has won the bidding for BusinessWeek. BusinessWeek reports (erm) that though terms of the offer will not be disclosed by either party, “knowledgeable sources say that Bloomberg’s cash offer is in the $2 million to $5 million range and that it has agreed to assume liabilities, including potential severance payments.”