• bonuses, Lawrence Lewitinn, Portfolio, Private Equity

    Fortress Makes Sure Someone’s Doing Better Than Cheeseball Rockstars

    How’s your PnL looking so far this year? Happy your long dollar position is starting to look good? Or are you annoying your b-school alumni affairs office asking them to post more jobs for experienced grads (Hey, Columbia, are you reading this? Get to work!). Either way, if you have time to read this, I’ll […]

    / Aug 11, 2008 at 11:05 AM
  • Portfolio

    Unwrapping The Chocolate Wars

    It’s hard to underestimate the confusion that afflicts journalists when their journeys take them to any place where wealth intersects with politics. Even otherwise sharp writers can find themselves befuddled. A typical response is to retreat into a storied morality tale in which the “workers” or some small business—typically, a business that makes things the […]

    / Oct 24, 2007 at 4:17 PM
  • Business Media, Portfolio

    More Portfolio Bashing Backlash
    Conde Nast’s New Magazine Is Finding More Allies

    Is criticism of Portfolio just jealous sniping from rivals? That’s more or less the take of The Deal’s Matthew Wurtzel. “The second issue of Conde Nast Publications’ business magazine Portfolio is now at newsstands leading critics like MarketWatch’s Jon Friedman and The New Republics’ Elizabeth Spiers to rip it apart once again. The magazine has […]

    / Aug 27, 2007 at 4:49 PM
  • Business Glossies, Business Media, Portfolio

    Portfolio Bashing Backlash
    Give The Magazine A Chance!

    More journalists and media commentators seem to be playing everyone’s favorite new game of Tearing Into Portfolio. This morning we mentioned Elizabeth Spiers’ piece on the second issue of the magazine—a brilliantly wicked, lengthy evisceration that recalls why we once wanted Elizabeth to edit a collection of nasty essays we proposed calling “The Poison Pen.” […]

    / Aug 23, 2007 at 1:44 PM
  • Portfolio

    Hard to Explain

    Someone needs to explain to Portfolio that the “quality, not quantity” mantra doesn’t exactly apply to ad pages. The second issue of Portfolio has 122 ad pages, down from 185 in the premier/premiere issue. Something tells us the special double fold-out, pop-up, insert-add-on nature of those 122 pages in the second issue aren’t going to […]

    / Aug 10, 2007 at 12:23 PM
  • Portfolio

    You Can’t Start A Fire Without A Spark

    This editor’s for hire… Trouble with the little $125 million launch that could, from the New York Observer: This morning, Portfolio editor Joanne Lipman fired deputy editor Jim Impoco, according to a staffer. Mr. Impoco, former editor of the New York Times business section, was responsible for bringing in top talent to the Conde Nast […]

    / Aug 7, 2007 at 3:03 PM
  • Blackstone, NYSE, Portfolio, Stephen Schwarzman

    Even Tom Wolfe Came Out For The Big Day

    This was very clearly one of the most surreal moments of BX: The Opening. Amidst the crowd of traders, there appeared a man with a shock of white hair in a double breasted gray suit. And that man happened to be Tom Wolfe. After the jump, cast your vote for what Wolfe was doing at […]

    / Jun 22, 2007 at 10:16 AM
  • Portfolio

    Portfolio’s Nast-y Sales Figures

    How is that $100+mm magazine launch doing? You remember, the magazine that will print stories that are way over-covered in the first place but create novelty in having celebrities like Tom Wolfe write reductionist generalizations in flowery prose. Maybe that golden cityscape on the first cover of Conde Nast Portfolio was pyrite after all. Gawker […]

    / May 10, 2007 at 1:29 PM
  • Business Glossies, Business Media, Portfolio

    Portfolio As An “Already Over” Indicator

    We used to do some work for a private equity guy who refused to even glance at newspapers or business magazines. His thought was that people who read newspapers were to caught up in the present, and should probably start reading magazines. And he said that people reading magazines should given them up for books. […]

    / May 3, 2007 at 4:24 PM
  • Portfolio

    Portfolio Watch (the “Conde Nast” Portfolio)

    Other than looking a little confused when holding up the premiere premier first issue, Jon Stewart’s interview with Matt Cooper about his Valerie Plame piece in Portfolio aired Monday without any discussion of the mag. This, despite Cooper’s insistence that he was entirely focused on promoting Portfolio. Here’s a quote from Cooper in the Portfolio […]

    / Apr 26, 2007 at 10:04 AM
  • Business Glossies, Business Media, Portfolio

    Conde Nast’s Portfolio Takes A Pounding From Post, Observer

    If there were champagne corks popping around the office of Conde Nast’s Portfolio on Monday, there might be some wound licking this morning. Yesterday the New York Post declared the magazine “empty.” This morning the New York Observer’s Michael Thomas finds himself disappointed with the magazine. (And, of course, you can read Elizabeth Spiers’ devastating […]

    / Apr 18, 2007 at 9:28 AM
  • Portfolio

    Our Big, Fat Portfolio Review: Even Our Pessimism Was Optimistic

    [WARNING: If you’re part of the 93% of DealBreaker’s readership that cares nothing about business media because you don’t work in media, read no further. This will probably make your eyes bleed.] If the premiere issue is any indication, Conde Nast Portfolio** will be the Paris Hilton of business magazines: pretty but vapid, and unlikely […]

    / Apr 17, 2007 at 4:31 PM
  • Business Glossies, Business Hacks, Business Media, Portfolio

    Reading Portfolio: A Round-Up of First Reactors

    The earliest reviews of Conde-Nast’s Portfolio are coming in. We probably should be doing things like reading the actual magazine. And we’re planning on getting to that as soon as we get up the courage to lift its 300-plus pages from the place where we dropped it. (Bess Levin’s desk, with a note: “Summarize all […]

    / Apr 16, 2007 at 3:22 PM

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