Wall Street Fat Cats Finally Back on Track

Hamilton Nolan · 10/14/09 03:00PM

The Way We Live Now: Tip-top! "Wall Street on Track to Award Record Pay." Meanwhile, we're cutting the pay of non-Wall Streeters in half, and lowering the minimum wage. The rational market at work!

Vogue Cuts, The NYT Changes Course & The WSJ Wins

cityfile · 10/14/09 02:40PM

• The Condé Nast job cuts have made their way to Anna's domain on the 12th floor of 4 Times Square: Vogue laid off six staffers today. [AllThingsD]
• More bad news for Condé: some advertisers are reportedly "jumping ship" after the recent shake-up at Brides. On the plus side, The New Yorker appears to be hiring, so you can take that as good news if you'd like. [NYP, NYO]
• Remember how the New York Times Co. was planning to sell the Boston Globe? Yea, well, NYT publisher Artie Sulz has changed his mind. [AP, BG]
• Mike Bloomberg totally approves of Bloomberg LP's decision to buy BusinessWeek. Translation: The mayor backs the decisions he, himself, makes even if he contends that he wasn't actually responsible for making them. [NYT]
• Is Bloomberg LP's acquisition of BusinessWeek part of a big, new plan to compete with the Wall Street Journal and Dow Jones? Sure seems like it. [NYT]
• Meanwhile, WSJ staffers gathered today to toast the news that the Journal has surpassed USA Today as the top-selling paper in the U.S. [Politico, E&P]
• CBS News is now "investigating" the David Letterman saga (and his employer CBS!) as part of a future story. That must be a bit awkward, huh? [NYO]

J-Date!

cityfile · 10/14/09 02:23PM

Jessica Simpson says she's open to the idea of online dating. [People]

Oprah Ruins KISS' Final Shot at Glory

Richard Rushfield · 10/14/09 01:58PM

Did you know that in KISS's epic career, they've never had an album reach the No. 1 on the Billboard chart? After they released their record last week, that final prize seemed at hand. Then Oprah ruined everything.

eBay Layoffs: Fewer Than 60, Company Says

Ryan Tate · 10/14/09 01:47PM

eBay has quantified the layoffs we've been writing about, saying the online auction company's upcoming restructuring will "impact fewer than 60 positions," in the words of a spokesman, with details provided internally within the week.

This Week In Nazi Golf News

Pareene · 10/14/09 01:41PM

So much golf racism, these days! Who would ever even think to use the ancient, traditional sport of monied old white dudes for such terrible purposes? First, there was the incredibly confusing golf course swastika.

The Olsens Conquer the World, Volume 27

cityfile · 10/14/09 01:35PM

If you're anything like us, you stay up late at night and ask yourself that age-old question: Now that the Olsen twins have outfitted us with clothing, shoes, and jewelry (not to mention quality TV programming), when will they finally take the next step and begin designing overpriced sunglasses? That day will soon be here, ladies and gentlemen. A line of Olsen-approved, "vintage-inspired" eyewear will hit stores this spring and will run $325-$390. Let's just hope the glasses are a huge hit. Because bringing them to you hasn't been easy—and may have even required the poor things to take work home with them: "Designing eyewear was definitely more complicated than we thought," reports Mary-Kate. [NYDN]

Flacks Love This Businessweek Deal

Hamilton Nolan · 10/14/09 01:07PM

In your overstuffed Wednesday media column: a PR man cheers Bloomberg's latest purchase, Calvin Trillin says crotchety things, the New Yorker hires(!) somebody, Brides loses advertisers, and the Washington Post poaches from HuffPo, for a change.

The City: Stop Being So Sketchy

Brian Moylan · 10/14/09 12:38PM

Due to an unfortunate TiVo glitch, we couldn't watch The City last night, but thankfully there are plenty of budding social reporters out there who can fill in for us. Here is one promising dispatch.

Bruce Wasserstein: 1947-2009

cityfile · 10/14/09 12:21PM

Legendary investment banker Bruce Wasserstein has died, the New York Times and Wall Street Journal are now reporting. The chairman and CEO of Lazard—and the owner of New York magazine—was just 61. [NYT, WSJ]