Most Recent Articles In Memo PadMost Recent Articles In Memo Pad
NO CHANGE: The death last week of Lazard chief and New York magazine owner Bruce Wasserstein caused some to wonder whether the title would be put on the selling block. Wasserstein bought New York in 2003 for $55 million, and left the magazine in a trust for his children. New York Media chief executive officer Anup Bagaria sent a memo to staffers on Thursday, first reported by AdAge.com, that firmly put to rest any speculation as to the magazine’s future, saying there will be no change in ownership. “The company will continue to be controlled by a Wasserstein family trust that is proud of the work being done by New York magazine and its online properties nymag.com, MenuPages.com and Grub Street,” he wrote.