It's the highest volume music store in the country and makes roughly MM in profit annually, but who cares about that, what this city really needs is another Forever 21! And so it will be: In April the Times Square Virgin Megastore will close, and from its dust will rise a discount department store. Sad. Meanwhile the Union Square location is not being closed! (Yet). More info for you to read and weep at Billboard.biz. - Source

Leonard Cohen is set to return to the live stage in the US with his first show here in 15 years, scheduled for next month. - Source

Band chief Liam Howlett chats exclusively to Xfm about the new single, âEUR~Omen'. Click this way to listen to the interview and trackâEUR¦ - Source

The masters of lo-fi indie rock are set to join the comeback trail, all with a headlining stint at their home state's biggest music festâEUR¦ - Source

Sonic Youth are in the final stages of recording their new album. - Source

Fleet Foxes are set to perform as the musical guests on this week's Saturday Night Live, set to air January 17 on NBC. - Source

Considering the publicity wonders The Grey Album worked for Danger Mouse, we're surprised it's taken so long for someone to cook this one up. (Girl Talk did it for like 30 seconds, so that doesn't count.) Enter the enterprising DJ Minty Fresh Beats, who's mashed instrumental tracks from OK Computer, Kid A, and In Rainbows with various Jigga raps on a set titled Jaydiohead. Download it at jaydiohead.com. The sound you hear in the interim is a million DJs slapping their foreheads at once. - Source

This cheeeky Britpop trio had morphed into a truly world class band. - Source

'The Seldom Seen Kid' makes the top of music scribes' Best Of lists... - Source

According to US/People/Sufjan Beat, Death Cab For Cutie's frontman proposed to the She half of She & Him before Christmas and she said yes man (sorry). We're happy for them (sort of!), but look forward to your indie wedding jokes in the comments. (Via Rawkblog, pic by a35mmlife at Unconventional '08.) - Source