By: E&P Staff
In today’s links, George Packer looks at David Halberstam’s legacy, the New York Times Building is sold again for a mega-profit, and the managing editor of the Philadelphia Inquirer heads into the world of private equity.
— LA Observed: LA Times staff writer Mark Arax demands an apology from the paper’s managing editor over the pulling of a recent story about the Armenian genocide.
— Wall Street Journal: The New York Times Building is sold for about $525 million.
— Philadelphia Inquirer: Inquirer Managing Editor Anne Gordon has accepted a position as partner in a private investment firm, Dubilier & Co. of Stamford, Conn.
— New York Times: The Times-Picayune of New Orleans, La., has become a beacon of tough questions, vigorous reporting and high-quality, relentlessly local coverage, writes David Carr.
— Newsweek: How will Zell and Tribune’s management avoid taxes on their pieces of New Tribune (40 percent and 8 percent, respectively)? Easy. Management will have “phantom stock,” not real stock.
— Los Angeles Times: Some Tribune leaders forgo bonuses linked to buyout.
— New Yorker: George Packer looks at David Halberstam’s legacy.