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In Media, Even Death Cannot Stop Nepotism
Luke Russert gets a job at NBC, and everyone has liquidity problems (except the tenants of 15 Central Park West), in our daily roundup of media, finance, real-estate and law news.
Posted 08/01/08 in Daily Intel : Company Town
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Murdoch Won't Go Any Higher on ‘Newsday’ Bid
Also, Microsoft gives up on Yahoo, Berkshire Hathaway's profits tank briefly, and Buzz Bissinger apologizes to Will Leitch, all in our daily industry roundup.
Posted 05/05/08 in Daily Intel : Company Town
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Les Moonves Has Bigger Fish to Fry Than Katie Couric
He's got to deal with Viacom CEO Philippe Dauman, who the 'Post' says is out for Moonves's neck.
Posted 04/22/08 in Daily Intel : Company Town
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Delta and Northwest to Fly in Formation
FINANCE • High fuel prices and a soft economy have sent Delta and Northwest Airlines running into each other's arms. The two could announce a definitive plan to merge as early as next week. [NYT] • Senate Republicans have axed a proposed economic-stimulus bill. The Dem-proposed $158 billion package, which sought to avert a full-fledged recession, came up one short of the required 60 votes. [FT] • But, no worries. Economists put odds of a U.S. recession at 49 percent, which means we're not technically there yet. Also, for what it's worth, this video is funny. [WSJ]
Posted 02/07/08 in Daily Intel : Company Town
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Finance Types Split Over Hillary and Romney
FINANCE • Wall Street hopes Hillary has a super Super Tuesday, but private equity is standing by one of its own. Fourth-quarter campaign-financing reports show Senator Clinton taking in the lion’s share of donations from the Street’s top ten financial firms. Meanwhile, Bain Capital co-founder Mitt Romney is still tops among the PE crowd. [NYT/Dealbook] • So, what’s it gonna be, boy? Stuck between Microsoft’s rock and Google’s hard place, Yahoo! CEO Jerry Yang has limited options for saving his company at his disposal. [NYP] • If you believe the latest hype, Citadel is paving the way for an IPO after all. Ken Griffin’s asset-management firm has split its proprietary hedge-fund business from its client-based options-making business. “Legally, it makes it cleaner,” said Josh Galper in an interview. [Bloomberg]
Posted 02/05/08 in Daily Intel : Company Town
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