Saturday, August 15

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John Schnatter Sells About $107.5 Million Worth Of Papa John’s Stock

Disgraced Papa John's founder John Schnatter may not have much to do with the pizza delivery chain he founded, but even though he's not CEO and chairman anymore, he is a substantial stockholder in the company, and he recently sold about $107.5 million worth of that stock. In a Fox Business interview, the man formerly known as Papa John explained that the decision was strictly business and not meant to be any kind of personal expression on his part: "My decisions are made strictly as an outside investor…And in this case, it's really simple. Arithmetic is not an opinion." Schnatter let go of 1.9 million shares in Papa John's per an SEC filing, but he still has 2.9 million shares left, themselves valued at about $166 million. And those shares account for about 9.2 percent of the com...
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With No Major Network Job In Sight, Megyn Kelly Turns To Instagram

Once upon a time, the major network and cable news channels were hotly competing for Megyn Kelly. But things change quickly in the broadcasting world, and following the controversial remarks about blackface Halloween costumes that got her fired from NBC, she's now taken her talents to Instagram. Kelly's exit from NBC was a somewhat contentious one, but ultimately she was able to leave with not just the remainder of her $69 million contract but free of any non-compete clauses as well. Rumors swirled that CBS or her old home at Fox News could be interested in hiring her, but CNBC reports that executives at both networks took the time to deny those rumors in public. Phillip Faraone/Getty Images For someone like Kelly, whose chosen field is TV news, that left a shortage of option...
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Damon Dash Says He Can’t Pay $2,400 Debt, Gets Arrested For Unpaid Child Support

Things are not going well for Damon Dash, financially speaking. TMZ reported that Dash recently filed documents pertaining to an ongoing lawsuit in which he claims he's so broke that he can't pay off a $2,400 debt. And that was before he was  reportedly arrested over his failure to pay child support. Dash is in deep with various creditors who have been garnishing the money from his income, including the sum of $2 million plus interest he's being paid by producer Lee Daniels after an investment Dash made years ago in an ultimately unprofitable movie project. Dash confronted Daniels over what he saw as a $2 million debt and Daniels agreed to pay back the principle, but in the court filings Dash said he needs more assistance to keep his head above water: "My income streams have all bee...
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Ryan Reynolds Is Now Pitchman For Mint Mobile, As Well As Part Owner

Actor Ryan Reynolds has appeared in advertisements for his own Aviation Gin brand as well as the mobile smartphone game Toon Blast, and now he's taken a partial ownership interest in "virtual" wireless carrier Mint Mobile as well. And this particular gig carries with it more responsibilities than just serving as a celebrity spokesman for the company as well, since he's also reportedly taken a partial-ownership stake in the brand. That's according to a recent press release announcing the Deadpool and Buried star's affiliation with Mint. The precise financial details of that partnership haven't been disclosed, but the company says that as part owner Reynolds "will help with Mint's communications and marketing efforts as well as strategic decision-making." Mint's CE...
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Papa John Schnatter’s Wife Has Filed For Divorce

Yet another bump in the road for John Schnatter, better known to the public as the disgraced former face of pizza delivery chain Papa John's, has been reported in the Louisville Courtier-Journal. Schnatter's wife M. Annette Cox has filed for divorce, citing irreconcilable differences in their relationship. Schnatter and his soon-to-be ex-wife had been married for 32 years. Schnatter said in his response to the filing that the desire to split was mutual, and that the two had already agreed on a split of their assets. Those assets, thanks in large part to Schnatter's battered-but-still-formidable pizza fortune, are significant, but the terms of that split aren't known to the public since no formal settlement agreement has been filed (Schnatter's total net worth is some $500 million). Som...
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‘A Christmas Story’ Actor Zack Ward Reveals How Much Money He Still Makes Off The Classic Movie

Net Worth This time of year, a staple of songs and movies get played on what seems like an incessant loop. 'A Christmas Story' is one of those movies. The 1983 film's broadcast rights are held by Turner Broadcasting, and since 1997, the film is shown consecutively on TNT and/or TBS for 24 hours in a marathon dubbed "24 Hours of 'A Christmas Story'. One would think with all of that television airtime, that would mean hefty royalty checks for the actors involved. But according to one of the actors in the film, that isn't quite the case. Zack Ward, who played Scut Farkus in 'A Christmas Story,' recently revealed to Page Six that though he does still get royalty checks, the amount he makes from the movie isn't anything to write home about. "You're going to be so disappointed," he said. "It...
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Damon Dash Has Been Hit With A $50 Million Sexual Battery Lawsuit

Producer and rap mogul Damon Dash is now facing a hefty lawsuit from a photographer who The Wrap reports is alleging that she was sexually assaulted by Dash inside his home, and she's now seeking some $50 million in damages from Dash and various other entities (including Dash's wife) who she says were partially responsible for the alleged assault. Monique Bunn is a photographer who says she was hired by Dash to shoot some photographs for his Poppington fashion company back in April of this year. After her first day on the job, she says she stayed at Dash's house and slept in his daughter's room. According to the complaint, this is what happened next: "While Bunn was sleeping, Dash approached Bunn and placed his hand on Bunn's breasts and placed hands/fingers on Bunn's buttocks. Dash...
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Dennis Quaid Files To INCREASE His Monthly Child Support – Sort Of

It's not unusual to read about a celebrity asking a judge to change their child support obligations. But Dennis Quaid has gone significantly against the grain with his recent request to actually increase his monthly payment, according to a TMZ report. And while he is indeed asking the court to increase his monthly child support payment, he's also seeking to avoid a potentially "astronomical" increase that he could be looking at after a more lucrative-than-normal 2019 for the actor. Basically, Quaid's current arrangement calls for $13,750 a month from Quaid for his kids with ex-wife Kimberly Quaid, Zoe and Thomas. But a clause in the agreement calls for Quaid's obligation to go up if his annual income exceeds $1.3 million. Bryan Steffy/Getty Images Quaid says he's doing way be...
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NBA Star Trae Young Helps Cancel Over $1 Million Of Medical Debt In Atlanta

Medical debt is a persistent and for some people unsolvable problem. But Trae Young of the Atlanta Hawks recently made a decent dent in the issue in Atlanta, helping to cancel out more than a million dollars of medical debt that was weighing down residents of the city through a partnership with a non-profit organization called RIP Medical. RIP Medical's MO is to use donations in order to bulk-buy large amounts of medical debt off of various organizations without any sort of financial liability for the beneficiaries. Amazingly, TMZ reports that a $10,000 donation from Young's foundation translated to a total $1,059,186.39 in vanished debt – which makes one wonder if this sort of philanthropy may be on the verge of becoming much more popular for both philanthropists and regular individua...