Hedge funder Phil Falcone and his wife Lisa Maria have a grand vision for the $49 million townhouse they bought from Bob Guccione. A peek at their plans show the redesigned home will be as eccentrically awesome as the original.
So. Remember how Harbinger Capital Partners is buying and destroying the New York Times and the very institution of journalism itself? Almost 500 of you should! While we've focused mainly on jocular idiot Scott Galloway, the marketing professor Harbinger forced onto the Times' board, we neglected to mention that the founder of Harbinger is a character in his own right. His name is Philip Falcone. He owns a hockey team! He bought Bob Guccione's house! Also: he and his wife donated the legal maximum to the Republican National Committee. His wife, by the way, is an aspiring novelist and Look Book participant. And a former "model" who maybe exposed her fake breasts in respectable Hollywood films. After the jump, embarrassing photos of the men who are destroying journalism and the women who are producing their babies. (NSFW!)
The Sulzbergers' grip on the New York Times has loosened, a bit. The Times Company announced today that they've given in to the hedge funds that have ammassed 19 percent of the company's publicly traded stock and given them two seats on the company's board of directors. Harbinger Capital and Firebrand are now free to demand the Times sell the Boston Globe in person at the next board meeting. "Under the truce with the hedge funds, the number of directors elected by Class B stock will rise from 9 to 10. The number of Class A directors will rise from 4 to 5." (Class B is the Sulzberger family-controlled non-publicly traded stock.) One of the new directors will be douchey NYU marketing professor Scott Galloway. Banks and Australians are taking over everything! Journalism is dooooomed! [NYT]
