TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Bernie Madoff’s Ponzi Victims Include Mort Zuckerman

zuckerman_0.jpgAs if newspapers didn’t have enough to worry about already! Probably by now you’re at least somewhat aware of Bernie Madoff — he may have got a little lost in all the Blago of last week but some background here — he’s the Wall St. investor to billionaires whose recent arrest due to a “brazen” Ponzi scheme has shocked Wall Street (though, really, at this point one wonders at Wall Street being shockable). On a side note: here’s some background on who exactly Ponzi was to begin with. Anyway, looks like among the long list of people who are going to get screwed by Madoff, a list which tangentially includes Steven Spielberg and the New York Mets, is New York Daily News owner Mort Zuckerman (place your bets now on tomorrow’s NYP headline).Per today’s WSJ:

Mr. Zuckerman, the chairman of real-estate firm Boston Properties and owner of the New York Daily News and U.S. News & World Report, had significant exposure through a fund that invested substantially all of its assets with Mr. Madoff, according to a person familiar with his investments. A spokesman for Mr. Zuckerman declined to comment.

UPDATE: Looks like it was charity money and not Zuckerman’s personal fortune that was affected.

Mediabistro Course

Magazine Writing

Magazine WritingStarting September 4, learn how to get your work in top publications! You'll learn how to create captivating stories editors will want and readers will love, understand which magazines are right for your stories, craft compelling pitch letters, and more! You'll leave this class with two polished articles and corresponding pitch letters. Register now!