AND NOW HERE’S THE NEWS: If you’ve...

AND NOW HERE’S THE NEWS: If you’ve missed seeing Madonna every five minutes on your local video channel, stay tuned. The Material Girl is back on the airwaves again this weekend singing “Live to Tell,” a new ballad from Orion Pictures’ upcoming “At Close Range.” Why did Madonna lend her talents to the clip? Maybe it had something to do with the fact that the star is hubby Sean Penn. The video features performance footage of Madonna, as well as scenes from the movie. The song will also be released as a single from Warners this week. . . . Meanwhile, our Shot of the Week goes to the KBZT-FM deejay who, after announcing the news that Bruce Springsteen had purchased a $3.2-million home in Pacific Palisades, remarked, “It’s so huge that it’s the kind of place Ferdinand Marcos would’ve bought if he was moving here.”