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Revolving Door Newsletter: 08.10.10
Twitter Hires Sales Force from Facebook, Yelp; Departures Adds Three StaffersAugust 10, 2010
Want a media success story? Look no further than TriBeCa, where New York succeeds both editorially and financially. Purchased for $55 million in 2003 -- considered by media watchers to be an absurdly high sum -- business is booming and the publication (with its corresponding website) is worth that figure many times over. In fact, "several billionaires" came calling after owner Bruce Wasserstein's death last year, but his family made it clear they weren't selling. David Carr, who tells the tale in Sunday's New York Times, draws a connection between New York and Newsweek, although he is careful to note that ...