Leibovitz can keep portfolio under new debt deal (AP)

NEW YORK – Annie Leibovitz , the photographer who mismanaged her fortune so badly that she faced losing legal rights to some of pop culture's most enduring images, has reached a long-term agreement with a private investment firm to help manage her debt and market her vast portfolio, both sides said Tuesday.

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Leibovitz, 60, will retain total control of her multimillion-dollar portfolio under the deal she signed with Colony Capital LLC of Santa Monica, Calif., on Monday, said Richard Nanula , a principal with the firm. Under the agreement, Colony will become the photographer's sole creditor and help market her archive of such provocative images as a nude John Lennon cuddling with a clothed Yoko Ono hours before his death, as well as a nude and very pregnant Demi Moore.

Full Story: Leibovitz can keep portfolio under new debt deal (AP)