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No News Is Good News: Companies Going Broke
Announcements from major media companies yesterday made it clear that the recession has hit those who report on it. Meanwhile, the Pulitzer Prizes announced plans to accept submissions from web-only news outlets, providing a redundant wake-up call to traditional news companies failing to get by. Here's a roundup of traditional media's most recent struggles:
- New York Times: Like many Americans, the New York Times Company will borrow against its house to keep the cash flowing.
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Say What? New Cubs Owner on Coming Out in Her Thirties
"I think for a long time I wasn't really out to myself growing up in Omaha, Nebraska, to a Catholic conservative family. It took me a while to come out to myself and not long after that I came out to them. I think that it really couldn't of been a better experience.
Fab Read: Valentino
There's no doubt Valentino is one of the greatest designers in fashion history. In fact, it took three authors to collaborate on Valentino ($44), a book celebrating the designer's achievements throughout his years at the fashion house. Co-authored by International Herald Tribune fashion editor Suzy Menkes, highly acclaimed art director Armando Chitolina, and Vanity Fair special correspondent Matt Tyrnauer, Valentino is a trifecta of outstanding photographs, editorials, and art.
Vanity Fair Windfall Report Is 49 Men, 1 Woman, and 1 Dog
Vanity Fair just released their 2007 Windfall Report — a.k.a., the biggest paydays last year for the guys whose bank accounts hardly needed the boost. How did they get even richer, you ask? Their windfalls included cashing out stocks, receiving inheritances, selling a family business, real estate deals, or jumping on a lucrative initial public offering.
Gwyneth Paltrow Heads To Spain With Mario Batali
It appears that Jake & Maggie Gyllenhaal are not the only celebrities who enjoy hanging out with Mario Batali. In a recent interview with W Magazine - complete with stunning photos - Gwyn states that she'll be co-hosting a PBS food show with Mario Batali. The show will be a road-trip set in Spain and will film this October and November.
Friday Fab News Round-Up!
- Bono goes on Oprah to promote (Product) Red — PopSugar
- Louis Vuitton and other luxury retailers move into smaller markets — International Herald Tribune
- Demi Moore becomes the new face of L'Oreal — Vogue U.K.
- Diane von Furstenberg returns to her native country to celebrate Belgian designers — Fashion Week Daily
- "Stealth wealth" followers shun logo'd merchandise — The Boston Globe
- Bulgari opens a stunning 59-villa hotel in Bali — Luxist
- American Eagle's Aerie brand launches a groundbreaking ad campaign on the CW Network — American Eagle Press
- Coutts & Co bank hires Stella McCartney to design a credit card — Vogue U.K.
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