'Red Widow' Gets The Axe
Comedienne's Second TV Show Canceled This Year
Tough times for Ed McMahon
by Allison Waldman, posted Jun 4th 2008 10:24AM
It's no secret that the country is in severe financial straits, especially people who are caught in the real estate merry-go-round where they find themselves unable to pay their monthly mortgage. Amazingly, someone as seemingly well-heeled and secure as Ed McMahon is one of those people struggling. Johnny Carson's sidekick on The Tonight Show is on the verge of losing his Beverly Hills home through foreclosure.Published reports claim that Ed McMahon's home on Mulholland Drive, part of the gated hilltop development called The Summit, has been on the market for sale since 2006. Unfortunately, moving real estate in a depressed market is very tough. Complicating matters for McMahon is the neighborhood, in particular, one neighbor: Britney Spears.
In one instance, while trying to show the house, potential buyers were faced with navigating streets teeming with paparazzi and TV crews. Would you want to move into a community where you're facing that every other week?
Currently, he owes $644,000 on $4.8 million mortgage loans. McMahon's spokesman, Howard Bragman, said that Ed and his wife have had "very fruitful discussions" with the bankers to resolve the problems -- and keep them in the six-bedroom, five-bath house.
Ed's finances have apparently suffered in the past year and a half since he suffered a broken neck. The 85-year-old TV mainstay has been unable to work because of his injuries. Back in 2005, he was touring the country doing speeches about working with Johnny for so many years.
It's sad that someone as beloved a TV personality as Ed McMahon is going through such tough times, but then it's just as sad if it's someone you know personally or a member of your family. Here's hoping Ed will be able to work again soon and be back on TV making some coin. NBC should give him a gig on one of their shows; he's certainly as capable as Howie Mandel or Bob Saget as a game show host. Maybe CBS should book him; he'd be a welcomed guest on Million Dollar Password, if you ask me.
12 Comments