Well, well… interesting news for Velvet Underground fans (uh, all of us). Lou Reed, Maureen Tucker, and Greg Yule will share a stage on December 8th at the New York Public Library to talk about the VU’s legacy as part of the “Live from the NYPL” series. The appearance will be sans original members John Cale (and Sterling Morrison and Nico, both of whom are deceased), and is totally affordable (general admission is $25). If we were in NYC, you can bet Crawdaddy! would be there representing, so I urge those of you who can make it to do so and let us know how it went. (Billboard)

Everybody’s favorite (except for, perhaps, with that last record) freakout musician Anton Newcombe is back… again! Yes, the perpetually awesome (depending on your definition of the word) Brian Jonestown Massacre is set to release a new record on New Year’s Day. Can’t Wait. (Chart Attack)

The latest on the struggling-to-monetize MySpace Music: The once-ubiquitously used social networking site is in “late stage negotiations to acquire imeem.” (Hypebot)

More free stuff! The effervescent duo Beach House is giving away their new single for free download. (Strange Glue)

Fan of the Deftones? Well, if you live in LA, give some money to see one or both benefit shows they are playing at the Avalon this week to provide financial aid towards the medical bills of the band’s bassist, who has been semi-unconscious for the past year after a serious car accident. Learn more about the medical needs of the music community in this Smoke-Filled Room column. (CMJ)

Read more news after the jump.

Rogue Wave has had a hell of a time, but they will prevail. The SF band is releasing a new album and going on tour, despite some seriously heavy stuff they’ve had to deal with. (Pitchfork)

Any yes, the Magnetic Fields will be touring on their new album. Awe-some. (Pitchfork)

Knoxville’s Big Ears Festival, this year with Terry Riley as Artist in Residence, sounds hella cool. (Daily Swarm)

Badly Drawn Boy is making the soundtrack for a TV movie. That is all. (Paste)