LOWERED: Madonna, 45, has dropped the $10.9 million asking price for her Wallace Neff-designed Beverly Hills house by $1 million, reflecting a slowness in the high-end real-estate market, reports Friday's Wall Street Journal. Madonna bought the 7,000-sq.-ft. residence (with guesthouse) from Diane Keaton in 2000, for about $6.5 million, says the paper, adding that "The English Roses" author shoveled $2 million worth of recent renovations into the house.
QUOTED: "It's amazing. This is a time to let go and become a kid again." -- John Travolta, 49, admiring the new home of the National Air and Space Museum in Chantilly, Va., to the Associated Press
KNIGHTED: It's official: He's Sir Mick. Jagger, 60, went to Buckingham Palace Friday morning to receive his knighthood from Prince Charles, who was standing in for his mother, Queen Elizabeth (who was in the hospital for knee surgery). Jagger planned to take his 90-year-old father, Joe, to the ceremony with him. The new designation now puts the Rolling Stone on a ceremonial par with pop knights Sir Elton John and Sir Paul McCartney.
HONORED: Blake Edwards, 81, director of such stylish screen gems as "The Pink Panther" series, "Breakfast at Tiffany's," "10" and "Victor/Victoria" (starring his wife, Julie Andrews), will receive an Oscar lifetime achievement award during the Feb. 29 ceremony, the Academy of Motion Picture Arts and Sciences announced Thursday. His Oscar citation will read: "In recognition of his writing, directing and producing an extraordinary body of work for the screen." Last year's lifetime achievement honoree was actor Peter O'Toole.
PROPOSED: ABC's plan to create a new weekend edition of "Good Morning America" moved closer to reality on Thursday as the network's affiliate board unanimously endorsed the idea, reports Reuters. The move to expand "GMA" to seven days a week comes just after the nation's No. 2 morning program -- hosted by Diane Sawyer, 58, and Charles Gibson, 60 -- delivered its biggest November sweeps audience in 11 years, averaging 5.2 million viewers during the key ratings survey.
NAMED: Zooey Deschanel, 23, and Jake Gyllenhaal, 22, who played discontented discount store employees last year in the independent film "The Good Girl," will team up again to co-host the Sundance Film Festival Awards, reports the Associated Press. The ceremony is scheduled to air live from Park City, Utah, on the Sundance Channel at 9 p.m. EST Jan. 24. The 2004 Sundance Film Festival is set for Jan. 15-25.