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Rupert Murdoch

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Rupert Murdoch Is Full of Vim, Vigor and Probably Viagra

The media mogul seems gleeful about life (and also his wife!) in a 'Newsweek' profile, Bank of America's CEO is startled by losses, a fifth-grade graduation ceremony gets ugly, and a hedge-funder pays $801,000 for a literal closet in today's collection of media, finance, law, and real-estate news.

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NBC Throws a Changeup

The Peacock network is the first to ditch the traditional notion of television "seasons." That, and more news from the city's media, finance, law and real-estate industries.

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Rupert Murdoch Making a Bid for ‘Newsday’?

According to Crain's, Rupert Murdoch and News Corp. might be plotting to buy Long Island tabloid Newsday. The news comes shortly after the release of the quarterly results of the Tribune Company (Newsday's owner), which showed an $78 million loss in its continuing operations at the end of 2007.

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The ‘GQ’ Whipped List Includes Some of New York's Meekest

We were just tipped off to GQ's list of "the twenty-five most emasculated, disempowered, henpecked husbands on the planet" by Portfolio's Jeff Bercovici. He was fascinated by the fact that Wendi Deng, our best friend, pushed Rupert Murdoch around so much. Well, yeah. Doesn't everyone know that it's the powerful men who love to be dominated? But what other New York men did GQ out as submissives? Despite the obvious and frankly just-for-show sexism (because everyone knows that all dudes who work for GQ are either gay or Sensitive) we clicked over, and we were not disappointed.

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Jimmy Cayne and Richard Fuld Disinvited From the Billionaire Party

Rich
How humiliating is it to be dropped off Forbes' annual list of the world's billionaires? Just ask Jimmy Cayne and Lehman Brothers' Richard Fuld. Cayne, who stepped down from Bear Stearns earlier this year, and Fuld, who it was just announced raked in a paltry $40 million in 2007, were notably absent from this year's list, which was released yesterday. Does this mean they will be turned away from Steve Schwarzman's next birthday party? Will it be like, I'm sorry, sirs. Only billionaires are allowed here? If that's the case, it's going to be a pretty small crowd, unless Schwarzie plans to hold his fiesta in Moscow. This year, the Russian capital eclipsed New York in the amount of billionaires per capita: We have only 71, with an average net worth of $3.3 billion each, whereas in Russia, 74 billionaires, with an average net worth of $5.9 billion each, are whooping it up with the caviar blini. So other than deadbeats Fuld and Cayne, who else is keeping us down?

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Rupert Murdoch Isn't Ruining the ‘Journal’ — the Reporters Are

MEDIA • You know how the stories in The Wall Street Journal have gotten punchier and shorter? Yeah, well, apparently it is not the great soft hand of Rupert Murdoch making these changes. The journalists are cleaving to him of their own free will. "Our people are doing this in advance, I think, to make him happy," a reporter told the Washington Post. [WP] • "Is the Hillary Clinton campaign staffed with morons or do they just not care anymore? It is unbelievable that on the night before the Texas and Ohio (and Vermont and Rhode Island) primaries they would set up an impromptu press room in a freaking men's bathroom, complete with urinals." [HuffPo] • Fox and CNN to go head-to-head. [Mixed Media/Portfolio]

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Reporters Pissed About Changes at ‘The Wall Street Journal’

MEDIAThe Wall Street Journal wants a cut in its reporters' book deals. Also, they fired their longtime First Amendment lawyer Stuart Karle. "We're pissed," one reporter says. [NYO, Ad Age] • Former Condé Nast execs James Truman and Mitch Fox are collaborating on a project that will combine "a green market and eco-technology with a Cirque du Soleil-like performance series." [WWD]

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Lawyers Advocate an Oscar for 'Michael Clayton' — That George Clooney Makes Them Look So Good!

LEGAL • Lawyers everywhere are crossing their fingers for a Michael Clayton Oscar win. "In 80 years, only 10 legal movies or actors playing members of the legal community have taken home gold," a columnist sighs. Awwwwww. Wait a second. We didn't do the math, but isn't that more than like, every other profession? How many people playing bloggers have won Oscars, for instance? Slickster lawyers. Always trying to trick us with their fancy talk. [Law.com] • Could John Edwards be our next attorney general? [The American] • The Sean Bell "50-shot" case is set to go to trial on Monday. [NYT]

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Which Celebrities Will Be Bidding Tonight at the Sotheby's (Auction)RED?

Josh Hartnett
With pieces donated by Banksy, Damien Hirst, Jeff Koons, Richard Prince, and many more art heavyweights, the Sotheby's (AUCTION)Red at the auction house tonight is gearing up to be a collector's scrum. Christy Turlington, Dennis Hopper, and Mario Batali are all slated to attend, as is Michael Stipe, who already knows what he wants to buy. "I'll tell you, the Ed Ruscha is so beautiful" he gushed to New York's Fiona Byrne at Tuesday's Edun party at the Desmond Tutu Center in Chelsea "I think it's a 2007, but it's brought what he does full circle, which is part of the reason I am drawn to it. I am tempted to bid; I may well." Elsewhere at the party, Josh Hartnett told us he's watching the pennies after a recent large purchase. "I have to find out if I have any money left," he said, not ruling out the prospect of picking something up from the auction, which will go to help fight HIV/AIDS in Africa. "I just bought a new place and totally redid it and put in new furniture, but I have to get something for the walls!" Last night at a Gagosian Gallery preview, celebrities like Jon Bon Jovi, Anna Wintour, Donna Karan, Tory Burch, Russell Simmons, and Ivanka Trump were more hushed about what they wanted. But we think we can guess which painting caught Rupert Murdoch's fancy.… He spent the entire night standing in front of Damien Hirst's Where There's a Will, There's a Way. It's expected to fetch between $5 and $7 million tonight. Which, for Rupert, is probably a small price to pay for a piece of contemporary art that embodies your life philosophy.

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‘Us Weekly’: Keeping ‘OK!’ Honest

MEDIA • NBC golden boy Ben Silverman sells his production company, Reveille, to Rupert Murdoch's daughter, Elizabeth. [LAT] • CNN producer Chez Pazienza is forced to pack his bags after blogging for the Huffington Post. [TVNewser/Mediabistro] • Us Weekly reports that OK! magazine "sensationalized" Grey's Anatomy star Eric Dane's battle with cancer in a cover story. (Actually, he only had some malignant cells on his lip frozen off in a doctor's office.) "This isn't the first time OK! has been wrong," they note. But is Us really crusading against yellow journalism? Or are they just annoyed they didn't get the scoop? [Us Weekly]

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Yahoo! Rupert Cooks Up Another Diabolical Plan

Ruler
In last week's earnings call, Rupert Murdoch was asked about the talks he'd had with Yahoo about combining it with MySpace, a News Corp. property. "I think that day has passed," he said, "but you never know." Indeed! Today, Murdoch's Wall Street Journal is reporting that its parent company, along with a private-equity group, is in talks to combine MySpace and other News Corp. properties with Yahoo. This new round of discussions, the Journal tells us, are aimed at "helping Yahoo fend off Microsoft Corp's unsolicited" $44.6 billion offer to buy the company. Under the deal being discussed, News Corp. would get a 20 percent stake in Yahoo, but, more importantly, "they’d be the largest single stockholder and effectively in control of the combined Yahoo/FIM entity and their nearly 150 billion monthly page views (which would be second only to Google)," according to TechCrunch. Which basically means, we think, that Murdoch would own at least a 65 percent stake in, like, our brains. News Corp. Enters Yahoo Fray [WSJ]

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Meet Microsoft's ‘Gatekeeper of Funding’

FINANCE • Now that Yahoo rejected Microsoft's $44.6 billion bid, it's up to Microsoft's self-described "gatekeeper of funding" Christopher P. Liddell to plot the company's next chess move. [DealBook/NYT] • Fearful that 90 percent of TheStreet.com's franchise revolves around Jim Cramer, today the finance-driven Website launched Mainstreet.com, which will revolve around celebrities and personal finance. You think Britney's psychological drama is intense? Wait until you hear about her bond portfolio. [NYP] • France's rogue trader Jérôme Kerviel might have had an accomplice. How did police find out? By sifting through 2,000 pages of instant-message traffic. Bet that was a gr8 time. [NYT]

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Amy Fisher: Bullet in the Head, Silicone in the Boobs — Same Diff

Amy Fisher
Amy Fisher is unbothered that the bullet she fired into the head of Mary Joe Buttafuoco is still lodged in her brain. "I feel no sympathy for Mary Jo," she said. "I still have silicone in my boobs, and you don't hear me complaining. She can't feel her bullet, and I can't feel my silicone." Gwyneth Paltrow said that she and hubby Chris Martin are open to adopting a baby but that they'd likely get it from Brooklyn instead of Africa. Don't you know? It's CNN that is biased! They're the ones who have a problem with letting Fox News anchors appear on their shows, despite the fact that Fox News lets CNN anchors appear on its programs, the Rupert Murdoch–owned Post tells us. They're probably just scared. Pussies.

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