NEVERLAND IS SAFE

Despite earlier reports this week, Michael Jackson will not be losing his famed California ranch to foreclosure, his rep said on Friday.

"Contrary to published reports, Mr. Jackson was never in default of the loan," the statement said. "Mr. Jackson is in the final stages of refinance and will not lose Neverland Valley Ranch. No further comments will be made regarding this subject as it has been our long-term policy not to address Mr. Jackson's personal financial affairs."