New York editor Caroline Miller on the purchase of NY by Bruce Wasserstein:
· Hey, it's not 1968: "It s been a long, rather dramatic process and we re very comfortable we re going to be in great hands. We ve met with the Wasserstein people several times. We re delighted. They re very careful. They know what they re buying. They re not just buying the romance of a magazine in 1968. And they re serious about making some investments." [NYO]
· It's not 1968, but it is a guilty pleasure: "The magazine is never going to have the stage to itself the way it did in 1968 when Clay Felker invented it. But it still has a major role to play for New Yorkers: part provocateur, part essential handbook, and part guilty pleasure." [NYT]
· And hey, daddy's rich! "We're confident these will be very good owners for us. They're smart and seriously committed to investing in the magazine." [NYDN]
· Meanwhile, back at the ranch: "[Wasserstein] might as well have bought a cruise ship full of diseases" — Gay Talese [NYT]