company town

‘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. []

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.

‘Us Weekly’: Keeping ‘OK!’ Honest