The honor system is dead. One needs to look no further than to Philip Micali for evidence. When he saw that his home was being featured as The Post‘s “House of the Week,” a day after signing it away to buyer Jean Gath, Mr. Micali started to waver on the deal.
His irises, having been replaced by green dollar signs, led him to rescind the original contract and then ask Ms. Gath for an additional $55,000, making the total asking price $795,000, according to The Daily News.
What’s a girl to do?
Keith Kelly reports this morning that the Newsweek sale has officially closed, nearly five months after the sale was announced by the Washington Post Co. in May. Mr. Harman said that he hopes to announce a new editor “within a couple of weeks.” Nobody is on the record yet, but the conventional wisdom Read More
Billionaire California supermarket tycoon Ron Burkle has failed in his bid to move in on Barnes & Noble. The monster bookstore chain announced today that Len Riggio, the majority shareholder, will remain chairman, while David Golden and David Wilson will snag seats on the board, Marketwatch reported. Burkle’s Yucaipa Co. had been engaged in Read More