Cosmo inked a creative deal with production company Mosaic to make branded scripted and unscripted programming, Hearst overall entered a financial partnership with Mark Burnett for the same reason. [Variety]
Graydon Carter will appear in Arbitrage, he was shooting with Richard Gere at Le Caprice yesterday. [Page Six]
As part of stuntman Morgan Spurlock’s documentary about product placement, he’s bought the naming rights of Altoona, PA. For one month it will be called after the title of the movie, Pom Wonderful Presents the Greatest Movie Ever Sold. [Decoder]
Jezebel’s Sadie Stein has been named contributing editor at The Paris Review. [Paris Review]
Rupert Murdoch has set aside $33 million to compensate the victims of News of the World‘s phone hacking. [Bloomberg]
Flipboard raised $50 million at a $200 million valuation. They also gave Oprah what we think is the equivalent of like her own vertical? [All Things Digital, Read Write Web]
kstoeffel@observer.com :: @kstoeffel
