Get your daily entertainment news fix! Rachel shares today's buzz on the upcoming ABC Family show, The Lying Game, from the author of the Pretty Little Liars book series. Could ABC Family have another super-hit on their hands? Also, the Oscars are fast approaching (this Sunday 2/28!), and last-minute cuts to the show have been announced to help keep the awards quick and concise (fat chance)! Also, Kira reported the breakup of I Am Number Four costars Alex Pettyfer and Dianna Agron, but could Alex actually be a "psycho," as claimed by Dianna? Find out all the news and gossip by watching the news below!