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Bloomberg Buys BusinessWeek
7:37AM Gabriel Snyder | BusinessWeek fire sale: Bloomberg pays less than $US5 million cash, plus debt and gulp severance.
Flotsam & Jetsam
Times Square Taxi Inferno!
1:04AM Hamilton Nolan | An alert reader sends us this dynamic pic of a burning cab near Times Square, just moments ago. The NYT asks, and our readers answer. Another shocking inferno image after the jump. More »
People
Michael Phelps Crashes Car
12:43PM the cajun boy | Olympic stoner Michael Phelps has been involved in an automobile accident in downtown Baltimore.
Music
Beastie Boy Is Ill
2:30AM Hamilton Nolan | The Beastie Boys’ MCA, a.k.a. Adam Yauch, has cancer. The group is cancelling its upcoming tour. Yauch, a Buddhist, turns 45 on August 5. More »
Online
MySpace Lays Off 400
4:02AM Ryan Tate | Two months after taking over as CEO, Owen Van Natta is laying off 30 percent of MySpace employees. His outlook remains bleak; when was the last time you heard a CEO call his company “bloated” in a press release? More »
Online
Investor Takes Over Management Of Huffington Post
6:25AM Ryan Tate | As the Huffington Post bulks up, the company is apparently changing management: CEO Betsy Morgan is on her way out, replaced by Eric Hippeau of investor SoftBank Capital, PaidContent reports. More »
Small Screen
Breaking: Susan Boyle Loses Britain’s Got Talent To ‘Diversity’
7:17AM Foster Kamer | Susan Boyle lost Britain’s Got Talent! To a dance troupe called “Diversity.” Ha!
People
Liam Neeson’s Wife Suffers Brain Injury In Ski Accident: Report
1:33PM Ryan Tate | Liam Neeson’s wife, the actress Natasha Richardson, injured herself skiing in Canada and suffered a “traumatic brain injury,” reports IrishCentral.com, citing a Montreal “hospital insider.” More »
BREAKING: Fire At ‘Ellen’?
3:30AM Seth | This just in: I work on the WB lot and I think there’s a fire going on at the stage where they tape the Ellen show… More »
