Posts Tagged ‘Radaronline’
Gawker is reporting (and FBNY has also heard separately from sources within) that Maer Roshan‘s multiply-launched magazine Radar is folding. The magazine, which pubbed at varying degrees of frequency, and was rumored to have been funded (at least in its later incarnations) by Ron Burkle, never really gave the impression that it was on solid ground. So in the current economic environment the news comes as no real suprise.
However! The Website (a completely different animal run by former Gawker Alex Balk) was, in our modest opinion, a must-read. And we not only will be sorry to see its demise but are amazed that the powers that be are shutting it down. The NYO is reporting “there might a business arrangement to keep the web site afloat and that it will be sold to AMI.” One can hope. Stay tuned.
Update: Hooray! (We think). Looks like the NYO had it right and AMI is indeed purchasing radaronline. Full press release after the jump. But wait! On second glance this part of the press release is quite worrisome for those of us who enjoy our Daily Intelligence just the way it is:
Chairman and CEO David Pecker said that David Perel, Executive Vice President of AMI News, will leave that position to become managing editor of RadarOnline. At AMI, Mr. Perel was responsible for breaking many of the biggest celebrity stories of the past two decades.
Also, the release makes it sound like they are interested in turning the site into some sort of online National Enquirer (also owned by AMI). One imagines if The Daily Beast has their wits about them they will quickly go on some sort of hiring spree.
Lots of New York Times news to discuss today! You may recall, way back in the early days of August before Sarah Palin was even a glimmer in John McCain‘s eye, that we told you how the NYT Co. was under increases pressure to cut its dividends (simply put: “it has to stop paying its shareholders so much money and use some of its finite cash to pay off its bonds”). Bloomberg is now reporting the company is considering doing just that, or perhaps even dropping dividends altogether(!) after “reporting a loss on severance costs and a steeper drop in advertising sales.” Keep in mind that the NYT Co. has a $1.1 billion debt and pays the controlling Ochs-Sulzberger family a $25.1 million a year dividend. Time for some belt-tightening we thinks!
But that is not all, by a long shot. Because if you were the national paper of record, as well as (by far), the best example of how a newspaper should go about transitioning to the online world, and you found yourself struggling, what would you do? Hire a celebrity for your op-ed pages, of course!
There is a good chance that we only have two weeks left to enjoy Sarah Palin, because after Nov. 4 she will either disappear into the Alaskan woodwork for four years, or(!), she will move into the White House and strike such fear in our hearts that we will maybe be unable to laugh ever again. So let’s enjoy her while we can, yes? Per Radaronline.
So basically we are assuming that over the next two weeks things will just proceed to get crazier as the reality of a Barack Obama presidency, helped along no doubt by the Liberal media elite(!), begins to sink in to a certain portion of the population. To wit: Radaronline is reporting that the NYT office received an envelope today containing a “white granular substance.” Per the in-house email:
At about 11:30 a.m. today an employee on the 13th floor of our headquarters building in New York opened an envelope addressed to The New York Times. A white granular substance was in the envelope. The New York City police were called and are now on site investigating. The 41st Street side of the lobby is closed but people are able to get in and out of the building. We will keep you updated on any developments.
So, by this point you know that FBNY is here in St. Paul-Minneapolis for the RNC along with FishbowlDC, and TVNewser. But that is not the limit of familiar faces! Here’s a short round-up of people who we seem to be spending a lot of time with, be it at the buffet, the CNN Grill, Sammy Hagar concerts, or extended walks around the ever-shifting Xcel barricade.