We’re almost midway through the second season of the Real Housewives of Beverly Hills, so what better time to bring you some more old school/before they were famous photos of your favorite BH housewives!
Last night’s episode of Jersey Shore was a hot mess of Mike hate and meatball madness. Pauly D manages to avoid Deena’s advances for “the sex,” while JWoww and Sam relish in their new found (and slightly surprising, given past seasons) friendship.
We rejoin the group with Snooki on the phone with Jionni discussing her smush session with Vinny. Jionni is pissed and Snooki is fanning her face to dry up her tears and while cocking her pink sequined ball cap to the side like a rapper. Jionni can’t handle her news, but he’s willing to continue talking to her. After they hang up, Vinny asks if Snooks wants to cuddle with him to make her feel better. He’s too funny.
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Days after the Huffington Post reportedBethenny Frankelonly received $8.1 million for the sale of her Skinnygirl drink line, and not the widely reported $120 million, both Bethenny and Forbes are now firing back!
First Forbes is stating they stand by the $100 million figure. If you recall, the Bethenny Ever Afterstar graced the cover of Forbes back in May during which they declared she sold the drink line for $100 mil — $20 mil less than the amount originally reported by The Hollywood Reporter.
So what exactly was the $8.1 mil figure about? Well according to a financial analyst, the $8.1 million is merely the value of the goodwill attributed to the brand.
“The $8.1 million was just the amount of intangible assets purchased in the Skinnygirl transaction, essentially the amount Beam paid for the Skinnygirl brand rights—not the total purchase price,” saidanalyst R.J. Hottovy to Forbes.
So how did Huffington Post’s Rob Shuter get it wrong? Well for starters the actual price Beam paid for Skinnygirl is missing from the 10-Q statement and Bethenny cannot publicly disclose the amount due to a confidential agreement. Beam is also refusing to disclose the amount and they can actually get away with doing that under accounting rules.
“We will continue to disclose accounting data as required to be included in financial filings,” said Beam Global spokeswoman Paula Erickson, “but do not expect that a black-and-white lump sum ‘purchase price’ figure will be made available. Suffice to say, this was not an $8.1 million acquisition.”
So the BIG question now is how much did Bethenny really receive for the sale of her drink line? According to Forbes, that figure is at least $39 million. See Beam listed $39 million in their financial disclosures for acquisitions made in the second quarter of 2011. And as financial analyst R.J. points out, the only acquisition the company made during that period was for the Skinnygirl Drinkline.
“The only deal they announced over that period was Skinnygirl,” said R.J. “This means [Beam] paid at least that much for Skinnygirl [during that period].” He goes on to add that there may be additional elements to the deal not accounted for or visible in company filings, including stock options that could yield Bethenny additional long-term returns.
In addition to the $39 million Bethenny likely received upfront, she also stands to earn up to an additional $25 million. The company’s financial statement revealed “the Company may be required to record contingent consideration in an amount not in excess of approximately $25 million.” That basically means Bethenny stands to earn up to an additional $25 million based on future sales, incentives, meeting high targets etc.
Bethenny herself confirmed this to Forbes stating she’d get “on-going back end”—payments based on how well Skinnygirl’s cocktails sold after Beam took control. Experts say Bethenny should be getting that $25 million as “sales of Skinnygirl have exceeded expectations for 2011 and that threshold will be met this year.”
According to Forbes, this brings “the value of the deal to at least $64 million in this year alone, without accounting for any further payments or other compensation for Frankel.” Bethenny adds, “The acquisition was structured with various potential payout levels based on sales of Skinnygirl products.”
Bethenny of course also fired back at critics. When asked about the reported $8.1 million figure, Bethenny said laughing: “Come on. That it could be the fastest growing booze brand on the market and have sold for that little is just preposterous… I’m going to be paying a hell of a lot more than $8.1 million in taxes.”
As for the Huffington Post, they have since retracted their original errornous report stating they “regret” it.
However, some things are still not adding up. For example, where did the $100 million figure come from? It appears Forbes can only put a $64 million figure on the deal and cannot account for the remaining $36 million. Yes, it’s clear Bethenny potentially stands to earn more, according to her, but it would have been nice if Forbes could further explain how exactly they were able to put a $36 mil figure on that potential income.
Other things that make you scratch your head is the fact that immediately following the Huffington Post’s report, Bethenny quickly removed the Forbes $100 million cover story from her website. Why remove the article if it’s accurate?
Also more odd, Forbes released the statement below to the Huffington Post before they ultimately decided to back Bethenny and themselves on the issue -
“We’re taking this very seriously. We based our numbers at the time of reporting on solid sources. We’re aware of the new information and we’re looking into it right now,” Dan Bigman, Forbes executive editor stated. “We’re going to review all the information thoroughly and talk to Ms. Frankel before taking any steps. If there are any inaccuracies, we’ll correct them. If clarification is required, we’ll do so.”
As for Bethenny, she also tweeted: “Most people are morons. Stay tuned.” She later added, “Only listen to sources you trust. Irresponsible journalism is a waste of your time.” Bethenny also changed her Twitter profile picture to her Forbes cover. That cover is below.
Must say Bethenny should be giving thanks that this Huffington Post report came out just in time to distract the public from Lost-at-sea-gate!
Photo credit: Roger Wong/INFEvents.com
TELL US – THOUGHTS ON THE LATEST? SOMETHING FISHY ABOUT THE $100 MILLION FIGURE OR MUCH ADO ABOUT NOTHING?
Well we are almost to the end of the road with the most ridiculous season of Project Runway ever as the final five remain! This challenge determined which designers will be designing a collection for fashion week and who will be going home to wallow in despair while STILL designing a collection for fashion week, albeit forfeiting the $100,000 grand and the Piperlime endorsement.
Eyebrows McSequins decides to start his day off right with a steaming hot cup of bitch café as he rants about how Anya doesn’t deserve to be here and calling her out on her inability to thread a sewing needle. While I don’t disagree, no one is calling McSequins out on his complete inability to edit. Oh wait…
HBIC Heidi Klum informs the designers they will be meeting the delightful, yet clearly over it, Tim Gunn on Governors Island for the details on the challenge. There, Tim informs the designers that Governors Island will serve as inspiration for a thee-look mini collection that features a variety of looks (i.e. can’t be three cocktail dresses). The designers are given 1 hour, a map, and a golf cart (is this Amazing Race or PR?) to explore the island and sketch. I kept waiting for a golf cart accident, but it didn’t happen.
Can we all have a moment for Eyebrows McSequins Palm Beach on Crack Bermuda shorts? Oooohhh…lordy. That print!
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This is possibly verified by the fact that Marlo was not included in any of the official Bravo promotional pictures or write-ups for the new season. And Phaedra Parks stated in a recent interview: “We’re almost finished filming, it’s still just the six of us, no one left and there is no new Housewife.”
The reason Marlo got downgraded? Apparently not only did she lie about her affiliation with supposed fiancé Charles Grant, she also has a pretty shady and violent criminal past! (oh no – Danielle 2.0!). Also she was supposed to bring the catfights with NeNe Leakes, but instead the two formed a friendship! A Bravo no-no!
Marlo’s criminal past is quite extensive, resulting in seven arrests, including a couple for aggravated assault and another for check fraud from her days living in Florida. Seriously! Sources say Bravo is claiming they did not know about her lengthy violent criminal history and when they were alerted to it through the blogosphere, were forced to reconsider adding her to the cast permanently to avoid being held responsible for any of her untoward (re: possibly illegal) behaviors! Hey, they’ve already got enough of that on their hands!
I find it very hard to believe that Bravo would not thoroughly and exhaustively background check their cast members – and I believe they do conduct those checks and then cast for maximum drama. I mean, you get a background check to work at Target!
In addition the number one reason Marlo was added to the cast was to create controversy with NeNe as a result of her relationship with Charles. Well, allegedly not only were Marlo and Charles never engaged and Charles refused to be implicated in her schemes; Nene KNEW their relationship was a fraud all along!
In fact, Marlo and NeNe allegedly pulled a fast one and buddied up against other ladies on the cast (although the recent trailer for the season shows them getting into plenty of disputes!) and Marlo also formed friendships with Phaedra and Cynthia Bailey in the hopes the network would keep her on anyways.
StraightFromTheA, who cites their source as “highly credible,” is also claiming that Marlo “didn’t have ANY of the qualifications that Bravo requests for inclusion on the show, i.e. married, divorced or in a long-term relationship with a baller/well-to-do mate, career, kids,” so Bravo simply lost interest in what she could bring to the show long-term. Um… chaos? But I guess with NeNe and Phaedra they’ve already got enough of that!
Marlo’s numerous mugshots are featured below.
Do you think there is truth to the rumor that Marlo will not be included in the cast or just an attempt to create buzz for the new season? Thoughts on Marlos’ background and supposed faux-gagement to Charles Grant?
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So, I was secretly hoping for Millionaire Matchmakerto have another week off, but unlucky me got to sit through another episode. I kept my fingers crossed that Patti Stangerwould be in Florida for this episode, and Bravo would hireKim Richardsto take her spot. Now that would be a good show, Kim probably would not make it to the office, recruiting sessions, or mixer, but hey the viewers would finally get to see the Millionaire Matchmaker bathroom as Kim does her make-up!
Now to the important issue at hand, Destin and Rachel are still planning their wedding! Haven’t they been engaged for a full three seasons now? Well, my favorite part of the episode was Destin’s adorable offspring! Destin’s son definitely got all the good genes, but where was his Mohawk?
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The Celebrity Apprentice casting rumors continue to swirl and speculation that Teresa Giudice will be part of the cast is stronger than ever! They better hurry up and decide as filming is expected to begin next week!
Insiders confirm that former swimsuit model, Cheryl Tiegs and race car driver, Marco Andretti are definitely in the line-up!
Tiegs has been on a couple of reality shows herself, including ABC’s short-lived True Beauty, but Andretti’s experience in the reality circuit mostly stems from post-race interviews. Hey, at least he’s likely cool under pressure!
Insiders close to the show also reveal that the fifth season will feature not one, but TWO loud-mouthed Italian princesses: Real Housewives of New Jersey’s infamous table flipping, cookbook shilling mama who took bankruptcy to a whole new level, Teresa Giudice and notorious mob-daughter, Victoria Gotti, star of Growing Up Gottia reality show of yore and the author of several books – who has also had some financial and legal troubles of her own! Oh, please let this rumor be true! The drama, oh the heavenly drama!
Teresa, who possibly beat out her RHONJ co-star and current nemesis Caroline Manzo for a spot on the show, has Caroline’s camp claiming she recommended the business-savvy Jersian to Senor Trump after she turned their offer down. Team Trump denounces this rumor as not even 1/16th true. I wonder if Project Ladybug, charity of Teresa’s only remaining friend, Dina Manzo, will be her cause of choice?
Also speculated to be included in the cast is Debbie Gibson – oh excuse me Deborah Gibson – who sowed her reality TV oats on Skating With The Celebrities (yeah, I don’t remember it either) and a stint on WWHL! Deborah “I Think We’re Alone Now” Gibson seems level-headed and kind of sweet; which means underneath it all the former teen pop prodigy is likely a majah drama queen!
Finally, almost American Idolwinner, Clay Aiken, who has been largely out of the spotlight as of late, might be making his triumphant return to the teevee! And I truly think the philanthropic and low-key Aiken would be a great asset to any Celebrity Apprentice team. The real question is, can he handle the out-of-control drama that is Mrs. T-Money Giudice? Probably not.
Thoughts on the rumored casting lineup? Are you excited about the possibility of a Giudice vs. Gotti throwdown or tired of the cray-cray?
The latest is Caroline Manzo is finally speaking out against her former friend and costar Teresa Giudice. Following Sunday night’s finale which revealed the growing rift between the two ladies, The Caroline is not mincing her words when it comes to Tre! The drama began when Teresa insulted Caroline by stating she is “as Italian as the Olive Garden,” and then to add insult to injury, she also took a shot at Caroline’s son Christopher Manzo in her cookbook.
In an interview with Life & Style magazine, Caroline, 50, states fame has changed Teresa, 39. “I’m done with her,” Caroline states. “We’re housewives, nothing more,” Caroline asserts. “But she believes she’s Angelina Jolie or something!”
“She’s a bully,” Caroline adds. “She crossed the line in so many ways in trying to maintain this image that she has, that there were no boundaries.”
Oh but there’s more! In a separate interview with The Insider, Caroline accuses Teresa of playing the victim. “You don’t have the right to play the victim when you’re the one doing all the hitting,” said Caroline. “Everybody here wants to hug… Everybody loves each other here, it’s all love.”
Teresa apparently sees herself as the victim as she blogged last week: ” The whole time we were filming, I had no idea what other people were saying about me. I just assumed they were all my friends.”
Caroline, who had remained loyal to Teresa on the show, almost to a fault, then goes on to admit she even mistreated Teresa’s sworn enemies family members Melissa Gorga and Kathy Wakile based on what Teresa had told her about them.
“I was awful to them, awful to them. [Kathy] came to my house, this poor thing — her angel wings are underneath the dress, you don’t see them — and I abused her. Because I had a preconceived notion about who they were, and it was so far from the truth,” said Caroline.
Caroline finishes the interview stating: “Why should I feel sorry for somebody that walks away from people that want to help her, that walks away from love and tries to hurt?”
A former friend of Teresa’s tells Life & Style: “She is just not the same person. When filming began on the show, she seemed so sweet but now she doesn’t seem to care about the people around her.”
Our RHONJ insider told us Teresa is now friendless as evident by the fact that none of her RHONJ castmates attended her recent party to launch her Fabellini wine with the exception of Dina Manzo.
And speaking of Dina, Caroline is finally confirming what we reported a while back. Back in June, we broke the news that Caroline and her sister Dina were no longer on speaking terms. A source confirmed the story to us back then in addition to the fact that the two sisters stopped following each other on twitter.
Back then Caroline denied the feud, perhaps wanting to protect her family, but in a new preview clip for the upcoming reunion, she finally comes clean. In fact she blames Teresa for straining her relationship with Dina.
In the clip below, Teresa says to Caroline, “No wonder why Dina doesn’t want to talk to you! Like, what happened to you?” Caroline responds: “I lost a lot of my relationship with her.” Andy Cohen then asks, “With Dina?” Caroline states, “Yeah.” Andy asks over what, and Caroline right at Teresa and says, “I’m looking at you.” Whoa!
Part 1 of the reunion airs this Sunday on Bravo at 10/9c.
TELL US – THOUGHTS ON CAROLINE’S COMMENTS? DO YOU AGREE THAT TERESA IS A BULLY AND PLAYING VICTIM? THOUGHTS ON CAROLINE NOT TALKING TO DINA & BLAMING TERESA?
Teresa Giudice says to Caroline, “No wonder why Dina doesn’t want to talk to you! Like, what happened to you?” Caroline says, “I lost a lot of my relationship with her.” Andy asks, “With Dina?” Caroline says, “Yeah,” and when Andy asks over what, Caroline looks to Teresa and says, “I’m looking at you.”