Drier Pleads Guilty

cityfile · 05/11/09 02:26PM

Marc Dreier, the prostitute-loving attorney accused of bilking investors out of more than $400 million, will be giving up his luxury prison: The disgraced lawyer pleaded guilty this afternoon to conspiracy, securities fraud, money laundering and five counts of wire fraud. He faces up to 20 years on each count of securities fraud, and prosecutors have indicated they plan to ask for a life sentence. Either way, his habit of wrapping his arms around much larger black men should continue to many years to come. [WSJ]

Jerry Seinfeld's Epic Struggle Will Ease the Pain

cityfile · 05/11/09 01:32PM

It's hard to cheer someone up who recently lost his or her job on account of the economic downturn. Perhaps a few stories of rich, famous people who lost their jobs once upon time will help? Okay, perhaps not, but it is nice to see that Jerry Seinfeld's dismissal as a mail boy on the set of Benson in 1981 is being used to lift the spirits of a nation. [WSJ]

White Supremacists Mock Your College Newspaper Articles

Hamilton Nolan · 05/11/09 01:25PM

In your modernist Monday media column: Print porn gets desperate, Metro leaves America, reporters now work in coffee shops, and your dumb college newspaper articles are all on your permanent record:

Spinning Off Into Nothing

Richard Lawson · 05/11/09 01:07PM

Dead man walking. Rather, Dead 80's Blonde Spinoff Girl walking. Tonight's Gossip Girl features a look back at the youth of Lily van der Woodsen, and sets up a new spinoff. Except, show's not happening.

Jamie Dimon Takes Down Victoria Gotti

cityfile · 05/11/09 12:59PM

Congrats to JPMorgan Chase chief Jamie Dimon: He's now in possession of what may very well be the tackiest home in New York. A Brooklyn judge has given JPMorgan the go-ahead to foreclose on the Old Westbury home of Victoria Gotti, the gaudy home that the Mob princess has been trying to sell for many months now. It turns out Gotti hasn't paid her mortgage since September 2006, and she's in debt to JPMorgan to the tune of $650,000. Now that the bank has prevailed in court, it will be able to displace Gotti and her boys and sell off the estate at auction. And what an estate it is! In addition to a five-bedroom house with giant white columns in front, the property comes with a pool with waterfall, tennis court, and gazebo with pond, and copious amounts of gold plating that we're sure will eventually make its way to Dimon's Park Avenue apartment. After the jump, the judge's order as well as a pic of the new pink-and-gold bathroom that is now firmly in Jamie's manicured, lotioned hands. Oh, and in case you're wondering if it's wise for Dimon to be going up against a family with such a notorious past, you can relax. He's done battle with worse.

Wild Orangutans Eat Your Stock Rally

Hamilton Nolan · 05/11/09 11:34AM

The Way We Live Now: Schizophrenically. By Friday everybody was like "Stocks have recovered!" and this morning everyone panicked and sold everything, predictably. Monkeys are rampaging through this weak economy!

Star Trek's Debut, Playboy's Shift, New NYT Rumors

cityfile · 05/11/09 11:28AM

• Star Trek reeled in $76 million at the box office this weekend. [WSJ]
• Metro is selling off its collection of free (and money-losing) newspapers to Seabay Media, a company controlled by Metro's former CEO. [WaPo]
• Playboy says it's planning to make "radical changes" to the mag, and may raise prices as well as reduce the number of issues it prints every year. [Folio]
• Jon Stewart is creating a two-hour special for the History Channel. [B&C]
• Lit agent Larry Kirshbaum is shopping a memoir by Rafael Nadal. [Crain's]
• More speculation the Sulzbergers will be forced to give up the Times. [NYP]
• Speaking of the Times, a San Francisco organization paid columnist Tom Friedman $75,000 for a speech he's given before (and which is online). [SFC]
• Brit chef Jamie Oliver and Ryan Seacrest are working on a new reality show for ABC that will "give healthy makeovers to an entire city." Be afraid. [THR]