Memo Pad: Blogging Bryant Park... No Dividend for the Times

Fashion week has always produced some entertaining blog posts from fashion writers who provide quick hits from runway shows and bad behavior from celebrities.

View Slideshow

Jessica Stam and Scott Harrison.

Photo By Courtesy Photo

ALL FOR CHARITY: Jessica Stam dashed from the Tommy Hilfiger show on Thursday to shoot an ad campaign for Saks Fifth Avenue. Stam did the shoot without pay, as it was for charity: water, an organization that provides safe drinking water to people in developing nations. Saks supports the charity and will sell an exclusive T-shirt, which Stam models in the campaign, to raise money for the organization.

— A.W.

NO DIVIDEND FOR THE TIMES: Just a few months after the New York Times Co.’s board reduced its fourth-quarter dividend, the board voted on Thursday to suspend its quarterly dividend on Class A and Class B common stock. “Today’s decision provides the company with additional financial flexibility given the current economic environment and the uncertain business outlook,” said chairman Arthur Sulzberger Jr. “We have taken decisive steps to reduce capital spending, lower operating costs and reevaluate our assets.” Sulzberger said that by suspending the dividend, he hopes to decrease debt and improve liquidity.

— A.W.


View Slideshow
Page:  « Previous
load comments


Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

getIsArchiveOnly= hasAccess=false hasArchiveAccess=false