‘Us Weekly’: Keeping ‘OK!’ Honest

NBC golden boy Ben Silverman sells his production company, Reveille, to
Rupert Murdoch’s daughter, Elizabeth. [LAT]
CNN producer Chez Pazienza is forced to pack his bags after blogging for the Huffington Post. [TVNewser/Mediabistro]
Us Weekly reports that OK! magazine “sensationalized” Grey’s Anatomy star Eric Dane’s battle with cancer in a cover story. (Actually, he only had some malignant cells on his lip frozen off in a doctor’s office.) “This isn’t the first time OK! has been wrong,” they note. But is Us really crusading against yellow journalism? Or are they just annoyed they didn’t get the scoop? [Us Weekly]

• It looks like the stock market isn’t a big fan of Cupid: “On February 14th the market has been up only 39.3% of the time and down 57.4% of the time.” [WSJ]
•Morgan Stanley slashes 1,000 more jobs, adding to the 19,000 Wall Street positions that have been eliminated within the past six months. [NYP]
• Can anything bring Merrill Lynch president Greg Fleming down? Perhaps the threat of a criminal investigation. [DealBreaker]

• New York attorney general Andrew Cuomo is investigating whether health-insurance providers purposefully make patients pay high out-of-pocket fees for out-of-network doctors. [WSJ]
• Hewlett-Packard settles with the New York Times and three Business Week journalists over the company’s spying scandal. [NYT]
• The sister of a firefighter who died in last summer’s Deutsche Bank building blaze is suing the Lower Manhattan Development Corporation and private-building contractors, claiming that they knew that potentially fatal conditions existed prior to the fire. [NYT]
• A word of warning to those of you with restraining orders: A MySpace friend request could violate the order of protection. [Law.com]

Sadly, we will no longer be running fashion links in Company Town. For your full fix of news, gossip, and pictures, hop on over to our newly permanent fashion blog, The Cut.