Puff Daddy and J-Lo Both Bid $200M for Fuse TV

Celebs Attend Hollywood Star Ceremony For Kenneth 'Babyface' Edmonds Jennifer Lopez Leaves Power 106 Studios In Los Angeles

Rap tycoon Sean Combs, aka Puff Daddy, was locked in a bitter bidding war with ex-girlfriend, Jennifer Lopez, for the rights to acquire Fuse TV.

Puff, who hates to lose, was outbid by J-Lo and the NuvoTV network — the media outfit that ponied up the cash for the purchase. Puff Daddy badly needed Fuse TV’s viewership to boost the ratings of his own Revolt TV. Fuse TV is seen in 74 million homes while Revolt TV is only in 22 million homes.

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Smash-and-Grab ATM Thieves Hit Snob Life Salon Owned by Atlanta Socialite Ming Lee

Ming Lee

Smash-and-Grab ATM thieves struck the upscale Snob Life salon near downtown Atlanta early Friday morning. The hapless thieves were foiled when they discovered the ATM was bolted to the salon floor. The thieves hit the popular salon, owned by Atlanta socialite Ming Lee, around 6:40 a.m. Friday, police told the Atlanta Journal-Constitution.

Snob Life is a salon that caters to Atlanta’s entertainment scene. The stylists are regulars on music videos sets. Their clients include reality TV stars and rappers.

“I feel violated,” salon manager Erin Wales told The Atlanta Journal-Constitution. “We did not expect this at all.”

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Rick Ross Sued By Jeweler for Unpaid Rolexes

Rick Ross sued by jeweler

Last year the timepiece of choice for the hip hop set was Audemars Piguet (because rappers like Jay Z favor the brand). This year, the timepiece of choice seems to be the legendary Rolex. So much so that jewelers can’t keep the pricey watches in stock.

Rapper Rick Ross has always had a taste for finer things since the days when he punched a clock as a corrections officer in Florida. But a jeweler is suing Ross for absconding with about $90,000 worth of Rolexes that he didn’t pay for. Read on.

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Jay Z is now officially a licensed NBA agent

Jay Z is now officially a licensed NBA agent

Rap mogul Jay Z has all the right connections. The self-professed “business, man” is now licensed by the NBA to represent NBA athletes, according to a report on ESPN. The news was first reported by Sports Business Journal.

Jay Z, who has zero experience as a sports manager, signed NY Yankee Robinson Cano and NY Giants wide receiver Victor Cruz after forming Roc Nation sports management agency with his business partner Juan Perez (pictured left). He later signed WNBA player Skylar Diggins. But professional athletes are not rappers, and insiders are questioning whether Jay Z has the skills to negotiate major sports contracts and endorsements for his clients.

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Celebs Out & About: Jay Z, Beyonce, T.I., Tameka Harris, Maxwell Attend 40/40 Club 10th Anniversary

Jay Z Beyonce TI and Tameka attend 4040 Club 10th Anniversary

Rap stars, actors, wealthy socialites, reality TV stars and professional athletes joined rap mogul Jay Z and his wife Beyonce to celebrate the 10th anniversary of the Grand Opening of Jay Z’s 40/40 Club and Sports Bar in NYC on Monday, June 17. Sharply dressed stars attending the shindig included rapper T.I. and his wife Tameka Harris; singers Maxwell, Adrienne Bailon, Kylie Minogue and Jessica Sanchez; women’s tennis superstar Serena Williams; NY Knicks star Amare Stoudemire and his wife Alexis Stoudemire; and Jay Z’s recent sports signees Robinson Cano and Victor Cruz, among other celebrity elite.

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Feds Raid 14 7-Eleven Stores in Human Smuggling Investigation

7-Eleven stores raided

Nine owners of 7-Eleven stores in Long Island were arrested in a human smuggling scheme that exploited and abused illegal immigrants. The feds also plan to raid an additional 40 7-Eleven stores in NY and Virginia, The NY Times reports.

9 people — 8 men and 1 woman — were taken into custody in NY, and charged with wire fraud, identity theft and other charges. Among the arrested were alleged ring leader Farrukh Baig, left, and his wife, Bushra Baig.

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The Biggest Selling Vogue Cover of the Year is…

The Biggest Selling Vogue Cover

The increasing dominance of the Internet over mass media has caused wholesale changes in the way publishers select magazine content, including who graces the coveted covers.

Gone are the days when magazine editors solicited Hollywood starlets for glamorous covers to help sell their magazines. Nowadays the biggest-selling magazine covers are more likely to be reality TV stars or burlesque singers, such as Beyonce.

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