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‘Bastards. Bastards All.’

Michelle Malkin confirms that Sarah Palin's e-mail account was indeed hacked this morning, and has some wise words for those who would mess with the Alaska governor.

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How to Be a Gawker

Denton
"We need to put back the Gawkeresque angry-creative-underclass glint to our voice," Valleywag contributor Paul Boutin wrote in a self-serious and totally fascinating memo passed on to Gawker Media editors this morning by managing editor Noah Robischon and passed on to Intel…later. The memo to the various writers in Nick Denton's snarky blog empire suggests that they take care to make sure each item contains a "glint of nastiness." But don't overdo it! Cramming in a ton of insults makes the site look a lot "less brilliant," Boutin says. When eviscerating a target, it's best to "pick the one best dig, and save the others for another time."

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Alan Richman Confirmed Out at Bloomberg

Alan Richman is out at Bloomberg, reports say. A tipster reported as much to Gawker over the weekend, and Eater currently is citing “reliable info” that the critic left on his own, rather than getting fired. Our own source on the subject, a figure close to the center of the situation, confirms for us that Richman is no longer reviewing for Bloomberg. As much as we admire Richman’s work, we weren’t entirely surprised: Richman had evidenced tablecloth fatigue over the last few years, and had been at the reviewing grind much longer than any of his current peers. According to Eater, Peter Eliot will replace Richman in the weeks before a permanent replacement is named. More on the story (and our source says there is more to the story) as we hear it. EaterWire AM Edition: Alan Richman Out at Bloomberg [Eater]

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Have You Heard? There's a New Economic Freak-out Happening!

FINANCE • William A. Ackman of Pershing Hedge Funds got everyone freaking out about bond insurers by issuing a report yesterday afternoon predicting that MBIA and the Ambac Financial Group might just lose $24 billion on mortgage investments. “Here comes Ackman at the 11th hour upsetting the apple cart,” Douglas M. Peta, chief market strategist at J.& W. Seligman & Company, told the Times. “I don’t think anybody has really thought it all through, but we all understand the implications of real trouble in the bond insurers could be far reaching.” [NYT] Related! MBIA announced a $3.5 billion write-down this morning. [CNN] • Wharton is still the number-one place in the universe to pick up an MBA. [FT] • Following in the steps of other CEOs with giant mortgage-related losses, Merrill won't give its top brass any bonuses. But they will give them stock options "to promote the continuity of the management team as they continue to navigate through challenging market conditions in 2008." That's one way to hang on to staff. [Reuters]

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