Well, the fact is, the house is on a primo piece of land in a primo area of Montauk. You can't beat that oceanfront. That's why someone paid $1M over the asking price. Had nothing to do with Madoff. I'm betting they will tear the house down and build something much better!! #berniemadoff
@Lizawithazee: Traditional shingle-style coloring. Blends in well with the ocean and the dunes. And weathers well. Sorta works for these beachfront houses. You see them all over the LI and the Cape. (And heck, lakes in the midwest too.)
I wanted to break into this place when the news broke, but figured there were going to be too many feds there. Not to steal anything (well, depends), just as a sort of urban exploration. A few weeks later I read somewhere that people HAD broken into it. I wonder if insurance covered his losses?
Thanks New York Times for buying the Globe, reducing its quality, and then selling off the corpse. Although if the Times hadn't bought it in the first place, this all probably would have happened sooner.
Some local nouveau riche will buy it, announce some grand strategy that he or she had just been sold by a bunch of over-priced consultants, tire of the whole thing in a year and fire the cleaning lady.
@daveyjonesisdead: Not likely. This is like trying to sell a Ford Expedition after a tree fell on it. During an oil crisis. After electric cars become massively affordable.
@Awesome X: why not just close the fucker and sell off all the buildings and computers and coffee makers? I mean, if nobody wants a pay cut and the joint is losing money, it seems like time to cut bait.
@m4ximusprim3: They were never going to close it, right? Lord knows a corporation like Gannett or Scripps wouldn't think twice to shutter a massive money loser, but the Sulzberger clan? Too sentimental, too wrapped up in this "public trust" ideal. In a way, it's magnanimous that the company doesn't just liquidate the whole affair, cut their losses and concentrate on the marquee brand. But no "newspaperman" wants to be remembered as the guy who shuttered a great newspaper, even if it's a white elephant.
As someone who just watched (and was kind of part of) a recent media bloodbath, I have to applaud the Times for exhausting as many non-personnel-based options before cutting the editorial staff that keeps the behemoth afloat.
Too often the first, very unimaginative response to tough times is: let's get rid of the people who do all the work that makes us what we are in the first place!
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Yeah, it has tear-down written all over it. Too little for such a great lot. #berniemadoff
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whatever. i'll take it. oceanfront in montauk? done and done.
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Too often the first, very unimaginative response to tough times is: let's get rid of the people who do all the work that makes us what we are in the first place!
Not effective.
In short, what she said:
[www.thedailybeast.com]