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· Chairman Kevin Martin "softens" the FCC's stance on regulating cable TV by issuing a darling ultimatum: Police yourself and we won't have to do it for you. Government regulation has rarely felt so warm and fuzzy! It's like an Ugg boot on the windpipe! [Variety]
· Drew Barrymore's Flower Films drops Columbia Pictures like Tom Green once his career went cold, finding a new home at Warner Brothers. [THR]
· Spike Lee realizes that he probably needs Denzel Washington to make a movie that isn't universally hated, casts him to star in Inside Man. [Variety]
· Michael Bay may direct the Stephen Spielberg-produced live-action Transformers movie for DreamWorks and Paramount. A hack director and a beloved children's cartoon from the 80's—this might be crazy enough to work! The project provides ample opportunities to things to needlessly explode. [Variety]
·The resurgent ABC picks up Alias, Lost, Boston Legal and Desperate Housewives for next season. Like they weren't going to pick up Housewives, even if the cast has gone batshit insane? [THR]