Media execs buy and sell in East Hampton

Only in this town are television bigwigs a dime a dozen. Cory Shields, NBC’s executive vice president of communications, just bought a one-acre compound in East Hampton for $4.5 million, 27East reported. The four-bedroom, four-bath at 11 LaForest Lane features cathedral ceilings and a kitchen with a fireplace. Meanwhile, Sheraton Kalouria, the president of Sony Pictures Television, sold his digs at 11 Muchmore Lane for $3.95 million. The newly constructed home has six bedrooms, 6.5 bathrooms, three stories, and a dining room with wine bar. [27East]