Check it out: Time magazine has graffiti artist COPE2 bombing a billboard at Houston and Wooster with an "application of the Time logo and promotional copy." AdRants says that Fallon arranged the deal, which seems about right, that Time would buy legal ad space, versus having COPE2 bomb walls, doors, whatever, especially in light of COPE2's arrest last year. While this might make some people at Time feel like their magazine is down, Gothamist questions if any graffiti enthusiasts are really reading Time; maybe their online version should become free. [Via Bucky Turco at Animal Magazine]

Photo of COPE2's Time-bombing from AdRants, where there are larger images