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.
Money for Nothing
Wonder why luxury real estate is so expensive and hard to find these days? Blame the foreigners!
A report from Stribling released Friday gives some hard numbers to something New Yorkers have been complaining for years: foreigners are buying up all the best apartments. According to Crain’s, the brokerage claims that about 33 percent of all condo purchasers and 15 percent of all buyers in New York City are from other countries.
Besides being well-known, well-heeled New Yorkers, what do Henry Kravis, Jessica Seinfeld, Donald Trump, Lewis Lapham, Lizzie Grubman, Peggy Siegal, Nina Griscom, Ira Rennert and Nicole Miller all have in common? They don’t know it yet but Tiffany & Co. owes them money. How about Jerry Seinfeld, Matt Dillon, Michael Nouri, Sigourney Weaver, Julia Stiles, former Observer editor Peter W. Kaplan, Glenn Close, Joey Ramone’s heirs and Madonna? Cold, hard and abandoned cash from Walt Disney could be coming their way very soon.