The Fed
The Fed is an "alternative" campus newspaper, in the sense that it's rather different to the Columbia Spectator. It was founded by "a libertarian, a conservative, and a socialist (although no one knows which was which)".
The Fed comes out every three weeks. It is rumored to have been funny at one point in history, although no empirical evidence exists. At other times, it is satirical and even investigative.
The newspaper almost died after publishing the infamous Wacky Fun Whitey cartoon.
Fed Bash
A party hosted by The Fed once a semester. Ads usually involve people in leather or other conventionally-shocking-but-unremarkable-in-New-York-things.