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Cash Money

By Jessica Roy 4/30 7:34pm

Cash Money

Utah Software Engineer Mints Physical Bitcoins

It’s All About the Bitcoin, Baby

At his recently opened gastro lounge in Midtown Manhattan, 23-year-old Charlie Shrem stood beside the lower-level bar as dazzling TV camera lights illuminated his slight frame. Dressed in the professional uniform of tech startups everywhere (jeans, a T-shirt and a blazer), he appeared to be soaking up his moment in the spotlight, which is due almost entirely to the media’s sudden interest in bitcoin, a new digital currency.

Short in stature, Mr. Shrem calmly squared his piercing green eyes to the camera lens and began explaining the complex nature of bitcoin to the video crew from the blog The Street. They were there to film a segment on Mr. Shrem’s new venue, EVR (pronounced “ever”), in which he purchased a stake thanks in large part to his investments in bitcoin, and which, in early April, became the first bar in New York to accept bitcoin as a form of payment.

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By Kara Bloomgarden-Smoke 12/06/12 4:49pm

Cash Money

bookpg_fsog_lg

Random House Employees Get Some 50 Shades of Grey Money

Book publishing may not be in the best shape right now, but Random House employees have something to celebrate this holiday season. CEO Markus Dohle announced at last night’s company holiday  that all employees will get a $5,000 bonus, the Times reports.

“Random House had its corporate Christmas party last night in New York and word is that Santa likes bondage. A lot,” the paper of record wrote. “Call it 5,000 shades of green.” Read More

By Kara Bloomgarden-Smoke 9/25/12 2:29pm

Cash Money

Times Building

The New York Times Company Sells Some Assets

The New York Times is having a pretty good week so far.

The New York Times Company will get a cool $100 million in net profit for their interests in Indeed.com, the job search site, reports Reuters. Japanese executive search firm, Recruit Co Ltd., will acquire the website.

This comes after yesterday’s announcement that The New York Times Company had finalized the sale of About.com to Barry Diller’s IAC for $300 million in cash. That adds up to a nice bit of change. Read More

By Kara Bloomgarden-Smoke 9/20/12 1:24pm

Cash Money

Harper's Magazine October

Harper’s Hires an ‘Anti-Economist’

Harper’s basically hasn’t changed since 1984. But next month’s issue of the highbrow magazine will feature a shake up that Harper’s readers may notice. For the first time in the magazine’s 165 years, there will be a business commentary column.

Jeff Madrick, who has written about business and economics for a variety of publications including a five-year stint as a columnist at The New York Times, will debut “The Anti-Economist” column in the October issue of the magazine.

“These days, reporting on and demystifying economic news is one of the most important responsibilities journalists have to their readers,” said Harper’s editor Ellen Rosenbush, in a statement. “Jeff’s sharp eye and informed voice will make his column the perfect companion to Thomas Frank’s Easy Chair at the front of the magazine.” Read More