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WNYC Confirms Layoffs, Cutbacks

The public radio station will lay off four people and eliminate eleven unfilled positions. Senior staff will take a pay cut, as well.

By Kathryn H. Cusimano

Richard Branson to Kick Off Virgin Hotel Chain in New York?

Bajillionaire Branson may be spending more time in Manhattan. Meanwhile, Cablevision lawyer Harvey L. Beneson mortgages his Hamptons house to pay off his lawsuit, UBS clients run scared as a federal investigation warms up, and another magazine catering to the rich appears on the horizon, in today's roundup of news from the worlds of real estate, law, finance, and media.

It's Hard Out Here for a Public-Radio Fund-raiser

It's not easy soliciting money for a good cause, and, indeed, a recent e-mail exchange among execs at WNYC, New York's public-radio station, exposes the delicate art of not-for-profit fund-raising. Under discussion was a press release to announce a fund-raising campaign for the station's new Varick Street headquarters. The first draft of the release lacked a statement from Dawn Greene, widow of philanthropist Jerome Greene, whose $6 million gift was the largest ever made to a public-radio station. "Why not include a quote from Dawn?" wonders Laura Walker, WNYC's president and CEO, in a leaked e-mail. "[It would] allow someone else to say nice things about us."