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Olympic gold medal swimmer Michael Phelps has avoided jail time after a judge placed him on probation for pleading guilty on a DUI. This is the second time in 10 years for the swimmer. This probation will still give Phelps the chance to train for the 2016 Games in Rio De Janeiro. [ESPN]

Chairman of the University of Virginia Board of Visitors slammed Rolling Stone magazine for “unfairly tarnishing the school’s image.” He described Rolling Stone’s gang-rape article as “drive-by journalism.” Get the details here –> [Daily Mail]

President Obama mistakenly called James Franco “James Flacco” when speaking about Sony’s decision to not release “The Interview” in theaters. Obama said: “I think it says something interesting about North Korea that they decided to have the state mount an all-out assault on a movie studio because of a satirical movie starring Seth Rogen and James Flacco.” Watch the hilarious clip here —> [Gawker]