From autumn 2007 to autumn 2009, when things looked like they were falling apart, Keith Gessen, one of the founders of the New York literary magazine n+1, had a series of conversations with an anonymous hedge fund manager known as just H.F.M. With H.F.M. holding forth, Mr. Gessen said he was “dumb in just the [...]
From David Carr’s latest Media Equation column: Let me get this straight: A very rich guy buys a financially and editorially beleaguered weekly magazine, saying he wants to preserve an important journalistic asset. That will never work, right? I have three words for the haters: New York magazine. Last week, Newsweek was sold (for $1 [...]
Diasorin shares jumped the most in five months in Milan trading after weekly magazine Il Mondo said U.S. private equity firm Kohlberg Kravis Roberts is considering a buyout of the Italian supplier of diagnostic tests, Bloomberg News reported. Diasorin has risen 26 percent this year, giving the company a market value of 1.73 billion euros [...]
China Everbright Bank may raise 20 billion yuan ($2.95 billion) in an initial public offering of yuan-denominated shares in China, Bloomberg News said, citing a report in Century Weekly magazine. The bank would prepare to sell shares publicly in Hong Kong soon after its I.P.O. in China, the magazine reported. The Wall Street Journal, citing [...]
An Italian magazine that went undercover to report on the sexual hijinks of three gay priests in Rome is causing a major headache for Pope Benedict XVI at a time when his record on dealing with the sexual abuse of children by clerics was already an intractable crisis for the Catholic Church. But in this [...]
Is this a harbinger of things to come? Time magazine is out with a column which quotes anonymous Romney advisers bash Sarah Palin:One adviser to Mitt Romney, the former Massachusetts governor, and, by traditional standards, the putative 2012 frontrunner, says of Palin, “She’s not a serious human being.” Another Romney intimate warns, “If she’s standing [...]
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