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Posts Tagged ‘Nick Matarazzo’

Lunch: Warren Buffett Dines & Dashes

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— DIANE CLEHANE

How about a side order of sound investment advice with that salmon? When none other than Warren Buffett showed up at Michael’s today, every head in the dining room turned his way. Even if he is ‘the world’s greatest investor,’ this legend is, by all accounts, fairly low-key when dining out. He ambled over to his table without a fuss and waited patiently for his date, Fortune‘s Carol Loomis, who has written extensively on him.

It seemed money was on everyone’s mind today. When I sat down, I found myself right next to Cosmopolitan‘s Kate White as she lunched with Jean Chatzky, the financial guru who dispenses tips on the Today show and Oprah. When Kate asked, “Do you have any questions for Jean?” I wasn’t sure where to start. So, I decided to go with whether we’d seen the bottom of the market. Jean replied, “I think we could still see some dips, but that doesn’t mean I’m not investing.” Being a financial novice myself, I also queried her on why there’s so much talk about the recession being over when employment continues to climb. She explained, “The markets are the leading indicator” while the unemployment statistics “lag a bit behind.” All of us agreed that, based on all the folks we know who are under-employed or who have just given up searching for jobs all together at the moment, the unemployment figure is actually much higher than what’s reported. I guess that means don’t take all of that money out from underneath your mattress just yet.

Here’s the rundown on today’s crowd:

1. Mrs. Martin Bregman and pals, so we’re told.

2. The New York Post‘s Keith Kelly (love the beard!) and a fellow we didn’t recognize.

3. Warren Buffett and Carol Loomis were in and out before we even got our salads. Guess that proves the old adage ‘time is money!’

4. Men’s Health honcho Dave Zinczenko and William Morris’ Jon Rosen. Dave is everywhere these days promoting the 2010 edition of Eat This, Not That! and its low-cal cousin, Eat This, Not That! Restaurant Survival Guide: The No-Diet Weight Loss Solution. Watch out Zagats! He’s been on the Today show, Extra, and The Bonnie Hunt Show of late to reveal the staggering fat and calorie counts of some seemingly innocent-looking food. (Did you know Cosi’s Cobb salad has a whopping 55 grams of fat? Now you do!) Dave told me he was headed off to tape a segment on Rachel Ray after lunch. Perhaps he’ll helm his own show one day soon. Stay tuned.

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At Least One Person Will Miss Hachette’s Matarazzo

matarazzo2.jpgYesterday, we reported that Nick Matarazzo (right) was leaving Hachette Filipacchi Media. In response, one commenter “Hachette Employee” expressed regret:

What a huge mistake. I’ve worked with Mr. Matarazzo for over twenty years and don’t know a more dedicated, intelligent and creative person in the business. Hachette’s loss will be another company’s gain.

Good luck Nick!

We certainly would like to see Matarazzo, a 28-year Hachette veteran, land on his feet, but in today’s job market that might be a challenge. What do you think? If you’ve ever worked for or with Matarazzo, have any tips about where he might land or have any thoughts about Hachette’s recent restructuring, leave them in the comments below.

Also, you can email us or send messages through the anonymous tip box on the right. We’d love to hear any tips, advice, feedback or what’s on your mind today.

Hachette Dumps Men’s Enthusiast Group Publisher, Looks To Sell Titles

matarazzo2.jpg Two months after restructuring its women’s titles, Hachette Filipacchi Media has started to expand its restructuring efforts to its men’s enthusiast titles. Yesterday, the company’s president and CEO Alain Lemarchand announced that 28-year veteran Nick Matarazzo, group publishing director of Hachette’s Men’s Enthusiast Network, would be leaving the company. An internal memo said that Matarazzo and Hachette “mutually agreed” to part ways and noted that his position will not be filled.

Matarazzo (left) oversaw titles such as Car and Driver, Road & Track, Cycle World, American Photo, Popular Photography, Boating, Flying and Sound & Vision. Anne Janas, senior vice president of corporate communications at Hachette, confirmed that the company is in discussions to sell a number of those titles — the photography books, Boating, Flying and Sound & Vision — but said Matarazzo’s departure did not necessarily mean that they were close to a deal. But we’re going to keep our eye on it.

As for the other titles in the M.E.N. group, Janas said Hachette “will continue to make changes [like the recent brand-centric restructuring at its women's titles] in order to best meet today’s market challenges.”

The full internal memo regarding Matarazzo’s exit, plus statements from Matarazzo and Lemarchand, after the jump.

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