• Now that the slightly over $2 billion purchase of the L.A. Dodgers from Frank McCourt by the Guggenheim Group, which includes Magic Johnson, Stan Kasten and Mark Walter, is finalized, the new owners will hold a press conference this morning to discuss their intentions for the franchise. [KABC]
• For the second time in a span of just 10 days, Wiz Khalifa—whose surprise appearance on stage with Snoop included sharing a blunt while performing at both Coachella weekends—is ticketed for marijuana possession after cops find 11.39 grams of herb on his tour bus in North Carolina last night. [TMZ] More»

For a classically-trained jeweler whose family has historically outfitted European royalty, Pascal Mouawad's vision for the company seems to have taken something of a turn. Without any legitimate Kings or Princesses to outfit here in L.A., Pascal seems to have set his sights on crown-holders of another sort this town has an abundance of: tabloid royalty. Having collaborated on collections with celebrities like Nicole Richie, Jessica Simpson and Kim Kardashian, it was only fitting Mouawad have self-proclaimed Queen of All Media Perez Hilton host the launch party for his Glamhouse website last night in WeHo. Let's see what other modern-day royalty showed up! More»

Jenny McCarthy hosts a World Series of Boxing match; The Producer's Guild honors Angelina Jolie in a celebrity filled night; Kate Beckinsale, Ali Larter and HIMYM star Neil Patrick Harris come out for a legen—wait for it —dary opening night of Cirque du Soleil's OVO in Santa Monica; Selena Gomez sings for UNICEF; The Wonder Girls come to America under the guidance of Nick Cannon—Sundance wasn't the only thing going on over the weekend, see what went down in L.A. in this installment of Last Night's Parties. More»

• Newly reconciled couple Kristin Cavallari and Chicago Bears quarterback Jay Cutler have renewed their engagement, announce they are expecting their first child together. [Radar]
• New York Giants triumph over the San Francisco 49ers in overtime in last night's playoff game, will challenge the New England Patriots at Super Bowl XLII. [LATimes]

• More»

• An obsolete law from 1799 that bans women in Paris from wearing pants, or trousers, is still technically in place. [Telegraph]
• Myspace's new owners have big plans to make the ailing social media site "cool again" with Justin Timberlake on staff and celebrity/artist-user interaction. [LATimes]
• In case you're wondering what Kristin Cavallari would have looked like on her wedding day, here's a spread of photos in her gown from a wedding shoot she did just days before fiance Jay Cutler dumped her. [TMZ]
• 2010 U.S. Olympic silver medalist skier Jeret "Speedy" Peterson found dead of apparent suicide in Utah. [KTLA]
• Federal Judge Royce Lamberth dismisses lawsuit, allows government to continue funding for embryonic stem cell research. [HuffPo]

• Which of these thumping Monday dance parties are you just waking up from now? None? Well, use this handy list to do better next week [BlackBook]

• Julia Allison goes home (Chicago, if you don't remember) for the holidays, gives sadfaced Bears QB Jay Cutler a lapdance, because he liked her headband [Twitter, and NYP] More»