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David Letterman Has a Record Label Now

We're not sure why, but David Letterman's Worldwide Pants, Inc. has branched off a record label. It's called Clear Entertainment/C.E. Music, and it's already signed a band: California haircut-emo act Runner Runner, whose self-titled debut is out this summer. It's possible/likely that Letterman is only tangentially connected to the operation, but we're going to go ahead anyways and assume that Dave's really into mall-punk these days. [EW]