Displaying all articles tagged:

Skadden Arps

  1. The Most Annoying Thing About This Woman Who Is Getting Paid $80,000 to Take a Year Off Is That It’s Not UsBasically, we hate her.
  2. Washington ‘Post’ to Other Papers: Don’t Ditch D.C.!An axed Maine political reporter writes to tell how local papers that close their Washington bureaus are hurting the cause of democracy. Plus, the latest in finance, law, media, and real-estate news.
  3. Lehman Brothers Cannot Get Off the Roller CoasterRichard Fuld’s bank has another up-and-down day; NBC’s Jeff Zucker is pleased with himself; and J.Crew brings Nantucket red to Tribeca.
  4. Michael Phelps Is Gold for NBCPlus, lawyers make criminals sing (to ‘Don Giovanni’), another spectacular apartment you can’t afford hits the market, and more, in our daily industry roundup.
  5. The Upper East Side Completes Renée ZellwegerThe actress smoothly buys into a hard-to-crack co-op, while JPMorgan and the New York ‘Times’ struggle, in our daily digest of real-estate, finance, media and law news.
  6. Tabloids Will Reportedly Pay $12 Million for Pictures of Brangelina TwinsThat’s a whole $8 million more than the couple got for Shiloh! Is it because there’s two of them or because of inflation? Plus: Citigroup’s seven-point plan for saving itself, the Palazzo Chupi triplex goes on sale, and other things that make you go hmmm, in our daily roundup of media, finance, real-estate and law news.
  7. In China’s New York, Twin Towers Still StandingPlus the latest from the Federal Reserve, Skadden, Condé Nast, and Warren Buffett, in today’s industry report.
  8. They Waterboarded Christopher HitchensFinally, right? Plus, David Brooks thinks Goldman Sachs may be on the cusp of a coup, and the “summer of legal vindication” kicks off in our hump-day roundup of media, finance, law, and real-estate news.
  9. Fifty Cent’s Baby Mama Will Get Rich or Die Tryin’The battle between 50 Cent and Shaniqua Tompkins rages on, Columbia bulldozes most of the Upper West Side, more big changes at the Murdoch-owned ‘Wall Street Journal,’ and other epic battles, in our daily roundup of news from the law, real-estate, media, and finance sectors.
  10. ‘Playboy’ Profits: Going Down?Plus, ‘02138’ graduates to a new publisher, Bush goes online, and Skadden makes big bucks — all in our daily industry roundup.
  11. Rent Stabilization Not As Stable As BeforePlus, Skadden’s role in the failed Microsoft-Yahoo talks, what Perez Hilton is doing in James Frey’s new novel, and the rest of today’s industry gossip.
  12. ‘National Geographic’ Takes Home Three Awards at ASME CeremonyPlus, things are looking up on Wall Street, Skadden is doing better at doing good, and Andre Balazs finally sells the Hotel QT — all in our daily industry roundup.
  13. Good-bye ‘Real Housewives of New York,’ Hello ‘Real Housewives of New Jersey’!Not enough ‘Times’ newsroom workers are taking the buyouts, BlackBerrys are outlawed at a law firm, and Ikea is finally arriving.
  14. Conan O’Brien Reads, But Does Not Give Recipes to, ‘Good Housekeeping’MEDIA •Yesterday the New York Post reported on Tiger Woods’s new $65 million Hamptons pad. The only problem? He didn’t buy the house. [Radar] • Good Housekeeping published Conan O’Brien’s stew recipe in honor of Saint Patrick’s Day. Except it wasn’t actually his recipe. “I’ve never cooked anything in my life. I didn’t send this to them; they completely made this up,” he said, then added: “I love this magazine, I’m not mad or anything.” [WWD] • After a year of bickering, Dow Jones decided it will no longer carry news from the Associated Press. [Reuters]
  15. JPMorgan Gearing Up to Move Into Bear’s Sweet HQFINANCE • JPMorgan Chase will probably move its investment-banking unit to Bear Stearns’ smokin’-hot headquarters on Madison Avenue. The building is valued at $1.2 billion, which is just one-fourth of quadruple the price JPMorgan paid for the firm itself. [NYP] • JPMorgan Chase’s valuation of Bear Stearns shows that financial institutions are significantly overvalued. Speaking of which, many employees had their life savings wiped out. [NYP, WSJ] • Meanwhile Goldman Sachs’ earnings are down but beat analysts’ expectations. [DealBook/NYT]
  16. Rudy Takes a BreatherLAW • Now that he’s dropped out of the White House race, Rudy Giuliani plans to decompress before he starts lawyering at Bracewell & Giuliani. [Texas Lawyer] • Oh, snap! Skadden is so not pleased about the hottest-female-associate contest that took place on the Skadden Insider blog. [Law.com] • Perhaps Covington & Burling should have consulted its client Major League Baseball before agreeing to represent pitcher Roger Clemens. [American Lawyer]
  17. Bill Keller: UnleashedMEDIA • Bill Keller on Rupert Murdoch: “I don’t know Rupert Murdoch, he is a combative 76-year-old newspaper guy with a tabloid soul and more money than God. With those resources at this stage it looks like he will do whatever the hell he wants to do. I don’t think he is going to be constrained by some strategic planning consultant telling him what he can do. That makes him very hard to predict.” [Media Mob/NYO] • Meanwhile, the Times gave Sam Tanenhaus still more power, expanding his purview beyond the Book Review to the halcyon halls of “Week in Review.” It’s hard to tell if this is Keller’s endorsement of Tanenhaus’s talents or just an absurd overselling of some serious cost savings. [Radar] • Jon Stewart shows he’s a real mensch and begins paying his staff just like all the other late-night hosts (Even though Stewart is paid far less himself.) Daily Show staffers never even missed a check. [Mixed Media/Portfolio]
  18. Lies and the Lying Arabs Who Tell ThemMEDIAThe New Republic pulled back on its long-embattled “Baghdad Diarist” series, admitting they could no longer stand behind the author, an army private serving in Iraq. Meanwhile, The National Review suffered its own Middle Eastern credibility scandal and struck back in a novel way: “As one of our sources put it: ‘The Arab tendency to lie and exaggerate about enemies is alive and well among pro-American Lebanese Christians as much as it is with the likes of Hamas.’” Yikes. [NYT Mixed Media/Portfolio] • Big layoffs ahead at NBC News? “There are going to be firings very soon — everybody is terrified,” according to a “former network insider,” who claims tens of millions in cuts will happen in the next two weeks. [Jossip] • New NBC programming honcho Ben Silverman is looking to clear up a conflict of interest and cash in on his old production company, which Elisabeth Murdoch, daughter to Rupe, is buying for around $200 million. Not bad for a guy who built his career on stealing foreign shows like The Office and Ugly Betty and then repackaging them for the U.S.[NYP]
  19. Wall Street’s Golden Idols All Have Feet of ClayFINANCE • The struggle to find a successor at Merrill and Citi demonstrates another big flaw in the current culture of Wall Street: Do-or-die standards, and growing demands on public executives, have left firms with no succession plan and few capable of stepping in to take over. Both firms have been forced to turn outside for help: Laurence Fink, the CEO of BlackRock, has been approached about O’Neal’s old job, while Robert Willumstad and John Thain are in the lead to take Prince’s place. [WSJ] • Why did Chuck Prince and Stan O’Neal fail? They took Gordon Gecko’s favorite maxim—”I create nothing, I own”—a little too seriously, and forgot the other part of banking is to sell, sell, sell. [NYT] • Andrew Ross Sorkin dons his Miss Manners cap to explain the rules of corporate courting—and why Stan O’Neal’s worrywart parents, the Merrill Lynch board, were only looking for an excuse when they grounded him for asking Wachovia to “merge.” [NYT]
  20. Air America Host Randi Rhodes Mugged?MEDIA • Air America talk-show host Randi Rhodes was assaulted on Park Avenue last night while walking her dog? [Gawker] • Jack Shafer investigates the billionaires behind ProPublica, the newly established New York–based investigative-journalism nonprofit led by former Journal managing editor Paul Steiger. Surprise, they’re big Democratic donors. [Slate] • Howard Kurtz took the nonstop promotion of his gossipy new book to its logical conclusion, interviewing himself on his own CNN show. [HuffPo]
  21. Fox Business Network: Still Painting the OfficesMEDIA • Looks like the Fox Business Network has a shitload of work to do on their studio before launching next Monday. They’ve got the requisite bright-red circle hung above the anchor desk, but otherwise the floor’s not even finished. NBC News, on the other hand, finally cut the ribbon on their new 30 Rock studio, which president Steve Capus compared to “the dance floor of the Stockholm Hilton.” Was that supposed to be a compliment? [FishbowlNY/Mediabistro, TVNewser] • Jan Wenner failed to lure Ed Felsenthal away from the Journal (and Portfolio) and had to settle for Brad Wieners as new editor at Men’s Journal. Wieners has been acting editor since August, when James Kaminsky decamped for Maxim. [NYP] • Poynter Institute: As a journalist, it’s your “duty” to read the print newspaper. Unclear how that affects bloggers. [Poynter]
  22. Question of the Day: What to Do When Rupert Calls?MEDIA • Rupert Murdoch personally called several reporters at The Wall Street Journal, including Tara Parker-Pope, Kate Kelly, and Henny Sender, to try and persuade them to stay with the paper. Some staffers are jealous, others asking whether the media baron is already overinvolved. [LAT] • Despite its huge ad counts, the Times Magazine is cutting first and business-class flights for reporters. From now on they’ll have to get masthead-level approval to avoid us plebes back in coach. [Gawker] • Former Jane staffers hope subscribers trash the Glamour issues they’re being sent as substitutes for the shuttered mag. How Jane of them. [NYP]
  23. It’s Expensive Being Rupert MurdochMEDIA • Did Dow Jones cost Rupert Murdoch an extra $1 billion just because he’s Rupert Murdoch? [Slate] • Rik Hertzberg to blog for The New Yorker. From YearlyKos. And without fact-checking. [
  24. Is Murdoch Starting to Sweat?MEDIA • With the deadline set for 5 p.m. tonight, the Bancrofts’ vote on the Dow Jones deal remains too close to call. [WSJ] • Jimmy Fallon is apparently the lead contender to take Conan O’Brien’s place once Conan jumps to Leno’s time slot. Yikes. [Broadcasting & Cable] • Is Jane Pratt’s new project a Gwen Stefani magazine? [Fashionista] • Late-night talk legend Tom Snyder is dead at 71. [AP via NYT]
  25. H&M: The GameFASHION • When shopping at H&M isn’t stimulating enough, play The Sims 2: H&M Fashion Runway. [Pro-G] • The Olsens do menswear. [Fashionista] • Ralph Lauren claims American fashion is just starting. [British Vogue]
  26. Wall Street Suffering Butler ShortageFINANCE • The Dutch-based International Butler Academy may open a New York training center to supply hedge-fund managers with personal valets. [NYP] • A Cerberus managing director admits the firm has a horrible name but says it’s too late to change it. [NYT] • Activist fund managers are known on the Street to be bullies. But who’s the meanest of them all? Vote now. [DealBreaker]
  27. Skadden, Arps Tops AmLaw 100LAW • Skadden Arps tops the AmLaw list with $1.85 billion in revenue last year. [The American Lawyer via Law Blog/WSJ] • The AmLaw 100 reveals that the majority of top-performing firms have profits per equity partner of $1 million or more. [The American Lawyer] • Martin Armstrong, the Ponzi scheme investor who was jailed for contempt for over seven years, was released after a psychiatrist testified in his favor. Armstrong now begins his original five-year sentence, with no credit for time served. [New York Law Journal]
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