Money Matters - Simplified

feared

Mel Gibson admits to slapping ex-GF, but explains WHY

Mel Gibson finally admits he slapped ex-girlfriend Oksana Grigorieva during a heated argument at his home, but insists he never hit her with a closed fist, according to U.S. reports.

Fear and rosy reports plagued Tribune deal

Chicago -- The purchase of Tribune Co. in 2007 went forward partly because participants feared backing out would lead to lawsuits, court papers filed in Chicago said.

Court examiner Kenneth Klee's report filed in the company's bankruptcy case said the two-part deal grew increasingly questionable, but went forward, anyway.

As evidence began to mount up that Tribune Co. was in losing advertising revenue, a group headed by real estate mogul Sam Zell pressed forward, taking on $13 billion of debt in the process.

The deal was structured in two parts. By the time the second part of the deal was underway, banks and Zell were increasingly concerned, but neither backed out, The Chicago Tribune reported Wednesday.

Mom says Jackson feared for his life

New York -- Michael Jackson's mother Katherine says the U.S. pop singer told her before he died last June that people wanted him "gone."

The 80-year-old matriarch of the Jackson dynasty of artists gave an exclusive television interview to NBC's "Dateline," which is to be part of an anniversary special called "Michael Jackson: A Mother's Story."

It is set to air Friday, the first anniversary of Michael's death from an anesthesia overdose at the age of 50.