Could one ofthem potentially assume the job of owning New York? Inspired by Ralph Nader, he was one of "Nader's Raiders" for a brief length of time. The cause was not. On October 11, 2009, Wasserstein was admitted to hospital with an irregular heartbeat. I have three words for the haters: New York magazine. Magazines in particular have struggled to offset decreasing print advertising revenue and falling circulation. 2023 The Hollywood Reporter, LLC. Michael Lewis is writing a book that has the likes of Amazon, Netflix, David Fincher, Josh Gad and David Heyman circling, while Scott Burns and Jonathan Glickmans Panoramic are looking at a potential project with The New York Times Andrew Ross Sorkin. And it will soon be shedding the big salary of longtime Editor-in-Chief Adam Moss, who said he was stepping down next month. The New York Times reports that this was an all-stock transaction of undisclosed value. Led by editor-in-chief David Haskell, New York and its five verticals Intelligencer (politics, business, technology, media), Vulture (culture), The Cut (womens interest), Grub Street (food) and The Strategist (online shopping) collectively publish 100 stories every day and attract more than 100 million readers every month. We extend our deepest sympathy to his family and friends and share in their grief.. On Monday, Ms. Wasserstein, 38, will become chief executive of New York Media, the magazines parent company, giving the family more direct control of the publication and making it something of a New York media dynasty. The Heidi Chronicles is a 1988 play by Wendy Wasserstein. Wasserstein and Bankoff sought to calm nerves during a noon staff meeting at New York Media's Canal Street offices, highlighting things like common "cultural" DNA and business synergies,. The move will give the family "more direct control of the publication," the article noted.Bruce Wasserstein , who bought the magazine for $55 million in 2004 . ny qn Scoop wasserstein jy br Effective: Directed by Scoop Wasserstein. Read this book to unlock the inner lazy you--and peace and happiness will follow beyond your wildest dreams. Scoop Wasserstein will produce on behalf of Vox Media Studios and New York Magazine. The Wagner opera returns to the Met for the first time in 17 years. Lets hope Mr. Harman doesnt. The company is now coming on board the directorial debut by The Imitation Game 's Oscar-winning scribe Graham Moore, picking up his sci-fi thriller NAKED IS THE BEST DISGUISE. [10], Starting his career as an attorney at Cravath, Swaine & Moore, Wasserstein then moved to First Boston Corp. in 1977 and eventually rose to co-head of that company's then-dominant merger and acquisition practice. We've received your submission. All rights reserved. You will be redirected back to your article in, Breaking Baz: The Musical Comedy Romance Of Guys & Dolls; James Corden Eyes Return To London Stage; The Marvel Of Julianne Moore In Sharper, Tom Sizemore Dies: 'Saving Private Ryan' & 'Black Hawk Down' Star Was 61, Brie & Nikki Bella To Host Amazon Dating Competition Series Twin Love, Unanimous Jenelle Lindsay Joins Avalon As EVP, Television, Dan Harmons Krapopolis Renewed For Season 3 At Fox Ahead Of Premiere As Animated Series Moves To 2023-24 Season, writing a book that has the likes of Amazon, Netflix, David Fincher, Josh Gad and David Heyman, Rachael Ray Daytime Talk Show To End After 17 Seasons, Eyes $45.5M Opening In U.S., A Record For Rocky Spinoff Franchise & Amazon, SAG-AFTRA Scolds Practice Of Charging For Audition Tapes: Optical & Ethical Disaster, Oscar Winner Guillermo Del Toro On The Films That Lit His Fuse. April 14, 1997. The 11-year-old love child of late investment banker and New York magazine owner Bruce Wasserstein claims her five half siblings are trying to cheat her on the value of his Hamptons mansion as they divvy up his $2.3 billion estate. Sky was born at New York Hospital in 2008 while Rose (an embryo cryogenically frozen in 2007) was not born until 2016. (Scoop Wasserstein is a film development executive and Ben now works for a production company based at HBO. Get in Touch. They had three children: Ben, Pam and Scoop. We get it: you like to have control of your own internet experience. Mr. Wasserstein died in 2009. Heidi has just returned from England; Susan has. Pam Wasserstein was tight-lipped about efforts to sell New York Magazine and its popular websites, including The Cut, Grub Street and The Strategist. New York, Chicago, Manchester, New Hampshire, Ann Arbor, 1965-1989. 2023 Deadline Hollywood, LLC. Scoop Wasserstein will executive produce for New York Magazine and Vox Media Studios. Genre. The partnership is already at work on adapting Ezra Marcus and James D Walshs The Stolen Kids of Sarah Lawrence with help from Blumhouse and Mark Wahlberg, and Reeves Wiedemans Who Killed Tulum? with Annapurna. The move can be traced to 2004, when Ms. Wassersteins father, Bruce Wasserstein, bought New York magazine for $55 million. And rich guys are also accused of buying media properties simply to burnish their obituaries. 6 (Ben, Pam, Scoop, Jack, Dash, Sky) About Bruce Jay Wasserstein.American businessman, writer and banking investor Bruce Wasserstein has an estimated net worth of $2.9 billion in 2012. This story has it all: true crime, a charismatic villain, the Marines, the Upper East Side, limousines, a mobster named Sally Dogs, the Bush administration, the FBI, a trip to Europe, and copious psychological fuckery. As Mr. Harman is about to find out, a weekly magazine is an expensive proposition for a stand-alone owner who cant spread the costs of distribution and the back office over other magazines. Carbs and contemplation are in. Get our latest storiesin the feed of your favorite networks. After Dax Shepard asked her about her musical chairs relationship situation. L'Appartement 4F co-owner Ashley Coiffard and her husband, Gautier, love to host. Market data provided byFactset. Wasserstein, the daughter of the late billionaire investment banker Bruce Wasserstein, had been running it through a family trust since his death nine years ago. Led by editor-in-chief David Haskell, New York and its five verticals Intelligencer (politics, business, technology, media), Vulture (culture), The Cut (women's interest), Grub Street (food). The signing also comes on the heels of Jennifer Lopezs blockbuster hit Hustlers, a movie about a group of racketeering dancers that earned $72 million in the box office at the end of the summer, based on original reporting by New York Magazine andJessica Pressler'sstory, "The Hustlers at Scores.". All Rights Reserved. The initiative already is adapting Ezra Marcus and James D. Walshs The Stolen Kids of Sarah Lawrence with Blumhouse and Mark Wahlberg, and Reeves Wiedemans Who Killed Tulum? with Annapurna. Rencontre de Gutenberg et du numrique. If so, two of Mr. Wassersteins children seem the most likely picks: Ben Wasserstein, a 2003 Harvard grad, was once an editor at New York before he left to go to the New Republic, which he later left for a position at HBO. And Bens siblings, Pamela and Scoop Wasserstein, also seem to believe that their father would have wanted them to hang onto the magazine. Mr. Wassersteins children, according to reports,include Ben, Pam, Scoop, Jack and Dash. If theres been a quote in a story in the past few months so evocative that it practically begs to be dramatized, its this quote from Daniel, one of the Stolen Kids of Sarah Lawrence, from New York Magazines April 2019 story written by Ezra Marcus and James D. Walsh: Part of why I got in a cult at all was because I had no idea how one finds a place to live in New York.. 2023 Vox Media, LLC. Bruce Jay Wasserstein was born on December 25, 1947 in Brooklyn, New York, U.S..Wasserstein is represented by Sasha Levites of Frankfurt Kurnit. Pamela Wasserstein, the 38-year-old daughter of the late Bruce Wasserstein, has been named CEO of New York Media, the parent company of New York magazine, the New York Times reported. Moore developed the script with Scoop Wasserstein of Scoop Productions, who will also produce the film. The news of the dealcomes from The Hollywood Reporter on the same week that WME-IMG is hoping to raise $600 million in cash when the companymakes its stock available for the publicwith their IPO which is set for Friday. According to Forbes, as of September 17, 2008, Wasserstein's net worth was estimated to be $2.3 billion. Of course., An Heir Whos Ready to Take the Reins at New York Magazine, https://www.nytimes.com/2016/04/27/business/media/pamela-wasserstein-new-york-magazine.html. Having screened 10 films at Sundance, Intrinsic Value's current slate includes Vitaletti's next film, several television projects and a. New York Magazine has signed with WME, The Hollywood Reporter has exclusively learned. Legal Statement. Breaking down the contenders in the seasons most unpredictable Oscar race. Bruce Jay Wasserstein (December 25, 1947 - October 14, 2009) [1] was an American investment banker, businessman, and writer. [11] In 1988, with colleague Joseph Perella, he left First Boston to form investment bank boutique Wasserstein Perella & Co.,[12] which he sold in 2000, at the top of the late 1990s bull market, to Germany's Dresdner Bank for around $1.4 billion in stock. All rights reserved. In his obituary in The New York Times, Mr. Wasserstein was depicted as one of the original Barbarians at the Gate for his ferocious hostile takeovers. On Monday, Ms. Wasserstein, 38, will become chief executive of New York Media, the magazine's parent company, giving the family more direct control of the publication and making it something of a New York media dynasty. Laura Lynelle Killin (married 1968, divorced 1974). He was prominent in the mergers and acquisitions industry, credited with working on 1,000 transactions with a total value of approximately $250 billion. Hes dangerous, hes terrifying, hes an extra in, How to Watch the 2023 Oscars Celebrate All 23 Categories Live Again. I had anxiety for this place, for my colleagues and for a very short period of time, where we were not sure what was going to happen because this was very unexpected, he said. ; 3 Hunter James Kelly Research Institute, University of Buffalo, Buffalo, New York, USA. Pamela Wasserstein, 38, a former corporate lawyer whose father paid $55 million for New York magazine in 2004, will become chief executive of its parent company on Monday. He said his surgery was a success, but he needs time to heal before he can tour again. For us, its a key part of our identity, she said. Rahm Emanuel and Vernon Jordan were employed by Wasserstein for a few years. Monthly Digital. The strength of the company were building, both in business terms and in the quality of the editorial products, is the result of years of long-term planning by our father and the New York team.. [3], Wasserstein was born and raised in Midwood, Brooklyn, New York, the son of Lola (ne Schleifer) and Morris Wasserstein. New York Media continues to be repped by attorney Robert Strent at Grubman Shire. Ms. Wasserstein, a graduate of Harvard Law School and former corporate lawyer who previously led corporate development for Tribeca Enterprises, is taking the helm of a publication for the first time, and many would not envy her position. Mr. Moss, a former editor of The New York Times Magazine, said that in addition to dealing with the personal dimensions of Mr. Wassersteins death, he was worried about what it might mean for the magazine. . The best musical instrument is a love triangle. But advertising revenue helps support our journalism. This material may not be published, broadcast, rewritten, or redistributed. ET. And on Wednesday, the magazine will introduce a new technology and culture site called Select All, which was born out of Following, a pop-up blog that covered social media. Mutual Fund and ETF data provided byRefinitiv Lipper. Sources estimate that parent company. Photograph By Max Vadukul. Popular Science said recently that it would come out bimonthly instead of monthly. Perhaps most important, Mr. Wasserstein was 55 when he bought New York, while Mr. Harman turned 92 last week. Rylance is represented by CAA and Peikoff Mahan. Feb 27. One source tells Media Ink that rather than an outright sale, the family would prefer a deep-pocketed strategic partner who could team up with them and invest heavily in the digital side. When we sat down in his office, there was a herd of elephants on a nearby shelf, the so-called Ellies that are totems of the National Magazine Awards. [24] Upon Wasserstein's death, trustees for the various family trusts barred Sky from benefiting from the jointly owned trust assets, and in 2011, filed an accounting in a New York court to "cash out" Sky from the holdings. [26] Wasserstein also served as trustee for the Columbia University Graduate School of Journalism from 2001 until his death.