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Posts Tagged ‘Mortimer Zuckerman’

Joan Rivers|No More News Corp. Deal With NYT|Zuckerman Weighs In On Local Journal Section|Bloomberg In A Reuters Ad|Salinger TK|NYTimes.com Pay Wall

Vanity Fair: Former late night host Joan Rivers: Jay Leno isn’t funny.

Editor & Publisher: News Corp. is no longer in talks with The New York Times over printing The Wall Street Journal.

Forbes: New York Daily News publisher Mortimer Zuckerman calls Rupert Murdoch‘s plan to launch a local New York section of The Wall Street Journal “a brilliant move”, but worries that there may not be enough advertising to go around for all of the local NY news outlets.

AgencySpy: Would you have been able to tell that there are Bloomberg screens in this ad for Thomson Reuters?

J. Alfred Proofreader: Oops, looks like The New York Times forgot to fill a TK in its obit of J.D. Salinger.

Time: Could the Times‘ pay wall plans imply an impending death for the newspaper? “The online-pay-wall plan is the Times saying things cannot continue at this rate. Something has to give, and the paper is hoping it will be its readers’ purse strings. And if not? What would its fans — and its critics — do without it?”

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Spielberg One Of Many Victims Of Madoff Swindle

spielb.jpgSteven Spielberg was one of many ultra-rich Hollywood and Wall Street types whom Bernard Madoff scammed in a $50 billion Ponzi scheme, Associated Press reports.

The alleged victims who sunk cash into veteran Wall Street money manager Bernard Madoff’s investment pool include real estate magnate Mortimer Zuckerman, the foundation of Nobel laureate Elie Wiesel, and a charity of movie director Spielberg, according to the Wall Street Journal.

Among the world’s biggest banking institutions, Britain’s HSBC Holdings PLC, Royal Bank of Scotland Group PLC and Man Group PLC, Spain’s Grupo Santander SA, France’s BNP Paribas and Japan’s Nomura Holdings all reported that they had fallen victim to Madoff’s alleged $50 billion Ponzi scheme

Michael Wolff Interviews Billionaire, Promised ‘Consultations’

Vanity Fair‘s media writer must have had flashbacks of his dot-com days. Michael Wolff finds himself not only in an “off-the-record” interview with a billionaire who would like to buy a newspaper, but also giving the guy advice. Wolff tells one of the great man’s aides on his way out: “He doesn’t have a clue.”

His outspokenness also gets a promise of “future consultations” and reminds us why we have paid tabloids in our fair city:

Newspapers — in rather direct contradiction to the theoretical values of the journalists who worked for them — have classically been about power and influence and settling scores (in the ideal formulation, the proprietor gets the editorial page to exercise his primal needs, while the news pages remain more pure) and, not least of all, gaining advantages in real-estate deals. Newspapers often bullied their way to centrality in a community. They were a kind of Mafia, a kind of protection racket — you don’t play nice with me, you don’t advertise with me, I mess with you.

Actually, it is not impossible to imagine, in this age of so many billionaires, that competing billionaires would want competing papers. That you can’t be an effective or prideful billionaire without your own paper. New York City has the most robust newspaper market in the nation because billionaire Mortimer Zuckerman‘s break-even-ish Daily News competes against billionaire Rupert Murdoch‘s certainly-money-losing New York Post.

  • Billionaires and Broadsheets [Vanity Fair]

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  • Video: Vanity Fair’s Wolff Spars With Columbia Journo Prof On PBS Panel