TOP OF THE NEWS: The power! The glory! The borrowed gowns! It's Oscar night and E! Online is providing live coverage of the awards show and festivities.

PARTY POOPERS: Scott Kerman, who claims to have sneaked into 300 sporting events, was arrested on his way into an Oscar rehearsal yesterday...Larry Flynt's daughter Tonya Flynt Vega held a protest press conference today over the film version of her dad's life.

COSBYS VS. TABLOID: Bill and Camille Cosby are demanding that the National Enquirer retract statements suggesting Camille hired gunmen to find her only son Ennis Cosby's killer. Family spokesman David Brokaw says the Cosbys would never take the law into their own hands; the couple also claim the tabloid falsely reported that Mrs. Cosby is sedated and on the verge of a nervous breakdown.

OPTIONED: Magazine writer Mike Sager signed a big first look deal with producer Jerry Bruckheimer (The Rock), in another sign of how journalists are drawing ever closer to Hollywood.

FIRED: Bondholders of Marvel Entertainment, the comic book company, fired the company's board of directors and elected a replacement group. The lawyer for the bondholders accused former controlling shareholder Ronald Perelman of enriching himself and his company, at the expense of Marvel's future while the company was under Chapter 11 bankruptcy protection.

LAWSUIT: Jean-Claude Van Damme is being sued by a Frank Dux, onetime collaborator, for fraud and breach of contract. Dux alleges he never received the promised payment of $100,000 plus 2 1/2 percent of the gross for The Quest. The Los Angeles Superior Court action seeks unspecified compensatory and punitive damages.

ANTI-DISCRIMINATION: Lesbian executive Jessica Stevens is the sole funder of an anti-discrimination ad that will run during the upcoming Ellen episode in which the Ellen DeGeneres character reveals she's attracted to women. Stevens donated $225,000 to the Human Rights Campaign, a Washington-based gay rights group; the public service announcement will air on 29 ABC affiliates nationwide during the show.

VIDEO HITS: The top five rentals for the week of March 17 through 23, according to VideoLog: The Hunchback of Notre Dame, The First Wives Club, That Thing You Do, Space Jam and Courage Under Fire.

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