According to today's WWD, potential New York magazine purchaser Emmis Communications is said to be out of the running. Sources claim Emmis is concerned about the monster fixer-upper price tag of the barely profitable New York — randomly estimated at $10 to $30 million on top of the purchase price. Slick New York, quite sleek and sexy during a night on the town, looks a little... tarnished and puffy when you roll over in bed and see it in daylight.
New York's Other Story [WWD]