Playboy boss Hugh Hefner has taken to the airwaves to squash rumors he's planning to settle down and start a family with girlfriend Holly Madison. Hefner has also dismissed reports the same woman, who shares the tycoon's bed with two other Playboy blondes, is dating illusionist Criss Angel.

Appearing on Ryan Seacrest's radio show in Los Angeles on Thursday, Hefner was keen to clear up rumors about his trio of girlfriends.

After rumors that his girlfriends Holly and Kendra are cheating, Hugh Hefner called Ryan to set the record straight, stating, "Everything is fine... lots of rumors, lots of gossip, but things are good."

And when pressed about the pregnancy stories which have dogged Madison for the past 18 months, Hefner insists his number one girlfriend will have to wait until she moves out of the Playboy mansion to start a family.

He added, "Holly would like very much to get married and have children— understandable. That's out there in the future with someone (else)."

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(This news article provided by World Entertainment News Network)