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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.

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.

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.

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.

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?

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]

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]

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]