Gawker
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Media Crack
Rupert Murdoch Declares Culture War
In your woebegone Wednesday media column: the WSJ takes on the NYT's culture section in a total death match, TV networks not upset they lost $23 in ad money covering MJ, more Hobo New York Times coverage, and newspapers burn. More »
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Comment by son of spam: Murdoch's right about the NYT coverage. Now, did he say anything about a "Women of Sotheby's" feature on page 3? more » | Other threads
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the internet
How Long Before the NYT Shuts Down Its Scandalous Twitterers?!
In January, the New York Times' standards editor issued guidelines about how editorial staffers are allowed to use Facebook and other scary online tools. Is reporter Twittering making a mockery of those guidelines? Let's explore! More »
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Comment by SultanaEleusis: Name me two people who wish The Times ill! Okay, name me two million, along with their middle initials... 1 Responses | Other threads
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populism
AIG Deserves Hazard Pay, Argues Times Capitalist Tool
AIG is facing angry unemployed mobs, which is exactly why they deserve gobs of bonus money, argues the NYT's Andrew Ross Sorkin in the least persuasive case possible for rewarding failed finance executives. More »
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By John CookComment by lawyergay: Haha...I started reading this but realized almost immediately that it was a desperate gambit by Sorkin to get people to... 8 Responses | Other threads
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books
Madoff Book Commissioned Within Week of Bust
A contract has already been cut with former Time and Fortune writer Richard Behar for a book on ponzi schemer Bernie Madoff, arrested one week ago today. Joe Nocera, ear your heart out! More »
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By Ryan TateComment by Minsley Tortimer: madoff needs a good lawyer to make sure he gets a decent cut of the commissions on that book 10 Responses | Other threads
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andrew ross sorkin
Who's Dying To Read A Book On The Meltdown?
That was fast. Four of the business writers said last week to be hunting for Wall Street crisis book deals have found publishers — the same publisher. Penguin Group swears it wasn't bumbling when it hired the authors in rapid succession, at a cost of more than $2 million, to basically compete with one other. What does Penguin look like, some kind of investment bank? "I would rather be publishing all three of the best books on the economic crisis than to be competing against any one of them," Penguin's president told the Observer. OK, but who's going to buy these tomes? More »
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By Ryan TateComment by siouxnyc: And yet my book proposal on running a roadside lemonade stand garnered zero interest. Dammit. 4 Responses | Other threads
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the panic of '08
Newspapers Soft-Pedal $700 Billion Bailout
What does it take to get American editorial pages honest-to-God riled up about something? In addition to the expected criticism from the left, Hank Paulson's $700 billion bank bailout has been savaged by no less a conservative than Newt Gingrich, who wrote, "we’re using the taxpayers’ money to hire people to save their friends with even more taxpayer money." Among the more strenuous Congressional opponents is the Republican senator from Alabama who chairs the Senate banking committee and said he worries the bailout "is neither workable nor comprehensive despite its enormous price tag." The Monday plunge in the dollar and U.S. stocks was widely seen as rendering judgement on the cost and effectiveness of the plan, unveiled over the weekend. And yet, save for some quibbling about oversight, the Times' Tuesday editorial on the matter treats the bailout as a given: More »
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By Ryan TateComment by Private Hangnail: I say we just hang an 'Abandoned' sign on the country and walk quietly away. 6 Responses | Other threads
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the panic of '08
"We Don't Want To Think About It Today, And It's Actually Happening!"
CNBC is usually sort of like commercial hip-hop for really nerdy people: even if you are totally broke, it is still kind of fun to get in on the giddy clubby lingo of the wealth creating classes, babbling incomprehensibly about the ETFs and munis and benchmark outperformers financing the ice and Benzes and G4 jets of middle-aged white guys and throwing massive tantrums directed at any haters standing in wealth's way. Well okay but not today! It is a decidedly toned-down day on CNBC, because as the Times's Andrew Ross Sorkin already told you no one got any sleep last night and everyone besides Erin Burnett looks like death. But don't let that put you off! As the CIA can vouch, sleep deprivation is like truth serum for some people! More »
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By MoeComment by ADismalScience: Correct on the sleep point, I actually woke a guy up during a conference call today. Coffee and fortitude have gotten... 15 Responses | Other threads
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Next Establishment
Once again, Vanity Fair leaves geeks at the kids' power table
Preeminent among the magazine world's kingmaking power lists is Vanity Fair's New Establishment, which appears in the October issue — on newsstands in L.A. and New York today, but not in the Bay Area for another six days. Silicon Valley gets similar short shrift: The names who make it there are predictable bigs like Steve Jobs and Larry Ellison, or Hollywood-crossover types like Jeff Skoll, eBay's first employee turned movie producer. Walt Mossberg, now employed by New Establishment perennial Rupert Murdoch, also squeaked in. The consolation prize Vanity Fair offers: Its "Next Establishment" list, reserved for the likes of Twitter's Ev Williams. It's a marvelous piece of New York media trickery — flatter the geeks by making them feel included, but corral them into a side room so the real power brokers aren't offended by comparison. True, the "Next Establishment" suggests that these are people who might matter in the future. But in saying that, Vanity Fair's editors are also sending the message that right here, right now, its "Next" nominees are nobodies. On this year's list: More »
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By Owen ThomasComment by Robleh: I doubt they would put Murdoch's wife on a list of nobodies. more » | Other threads
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scandal
Cuckold's Internet Revenge Against Top Banker
If you've visited sites like those run by New York magazine and the Observer over the past couple of months, you may have noticed, in the comments section, repeated instances of a message that begins, "Steve Ratner [sic]... has paid my wife $500,000.00 to leave me." If you saw these comments, you probably wondered what the hell was going on. Well, the Times this morning sheds precious little light on the situation because, get this, there is a Steven Rattner, he did sleep with that guy's wife and now, as a result of the angry ex-husband's smear campaign, he has vacated his job atop the private equity division of Credit Suisse. The lesson, as relayed by the Times' hotshot finance writer Andrew Ross Sorkin, is that the internet renders "helpless" ordinary plutocrats who just want to hush up stories about how they allegedly taunted and harassed the husbands of the high-class escorts they procured on trips abroad. Wait, what?
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the sum of all human knowledge
Jimmy Wales namedrops Richard Branson on CNBC
One of Wikipedia founder Jimmy Wales's most charming personality traits is his relentless starfucking. It's a tendency that's exacerbated by his role as spiritual leader of the world's most comprehensive collection of inconsequentially inaccurate details about famous peoples' lives. On CNBC's Squawk Box this morning, note Wales's body language — the shoulder roll, the falsely modest talking-into-his-coffee-cup maneuver — as he chats up New York Times reporter Andrew Ross Sorkin, making sure to remind viewers that he's totally BFF with Virgin founder Richard Branson.
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By Owen ThomasComment by dannyisme: I can only wonder: does Richard Branson ever namedrop Jimmy Wales's name? more » | Other threads
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newspapers
Why The Times Should Abandon The News-Opinion Divide
When Microsoft's bid for Yahoo fell through, hotshot reporter Andrew Ross Sorkin produced a scathing analysis of the deal-making skills of the Redmond software giant's boss, Steve Ballmer. 'Microsoft has tried to spin its reversal as a show of “discipline” and “self-control.” But what it really shows — painfully — is Mr. Ballmer’s indecisiveness about this deal.' Ouch! And fun! But you won't find Bill Keller and his fellow editors boasting about Sorkin's punchiness: because they're still in denial about the blurring of news and opinion, and so much else.
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By Nick DentonComment by johnnypotatoes: I'll go back and read the rest of this in a minute, but the first couple of paragraphs don't make... 1 Responses | Other threads
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rumormonger
Might Murdoch Skip A Generation At Wall Street Journal?
At a farewell party last week, some Journal staffers bitched that Marcus Brauchli, the managing editor pushed out by the paper's new owners, had sold his silence for a generous severance package. "It was disgusting," one told David Carr of the New York Times. But there was some more intriguing scuttlebutt from the event. Brauchli's predecessor Paul Steiger was overheard saying that Rupert Murdoch's lieutenants were looking externally for a replacement atop the newspaper. The name Steiger mentioned: Andrew Ross Sorkin, the Times' blue-eyed mergers and acquisitions correspondent.
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By Nick DentonComment by Nick Denton: By the way, Secret Diary of Steve Jobs makes a good point. The Journal dissenters are disgusted that Brauchli won't... more » | Other threads
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media power couples
New York Times business reporting wunderkind Andrew Ross Sorkin gets married to a literary agent whose mother is an editor at W and WWD, at Lower East Side Jewish grup-fave wedding emporium the Angel Orensanz Center. [NYT]
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Comment by westward ho: oh my god -- pilar! thank heavens they didn't run a picture with this one. more » | Other threads
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