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Both the L.A. Times and N.Y. Times are investigating Vanity Fair editor Graydon Carter to see if he is benefiting financially from the magazine's Hollywood coverage, according to the L.A. Weekly's Nikki Finke. A possible windfall for Carter because of his regime's loving salad-tossing of its celeb cover story subjects? Sounds juicy to us...DEVELOPING.

UPDATE: A source close to the action tells us that these investigations are likely to turn up some serious dirt, and it's "last days of the Roman Empire" time for Graydon Carter's "freewheeling" Vanity Fair.