We Give Up, It's Over: Perez Hilton, Music Mogul

Obnoxious gossip blogger and music industry neophyte Perez Hilton will be heading his own record label, Perezcious Music, which will be distributed by Warner Bros. Let that sink in for a bit.

So, what's next? Will Kathy Griffin be curating Sundance?

These are indeed the worst of times...feel like that Longwave song right about now.