Morning Coffee Apr 04 2012

Media Executive Beef: Dolan v. Zuckerman

By damian ghigliotty

Someone call the media referees!

Cablevision Chief Executive James Dolan is contending that Mort Zuckerman, the publisher of the New York Daily News, has been making unwanted advances and wants to force him into a merger, according to Bloomberg.

The genesis of Dolan's accusation appears to stem from a lunch the two media moguls had March 6 at the Four Seasons where Zuckerman proposed a business marriage. Dolan refused. After that, Zuckerman's Daily News began running negative stories about Dolan's favorite basketball team, the New York Knicks, which Dolan owns as well as Madison Square Garden, the stadium that the Knicks call home.

Or so says Dolan. He cites a Daily News story April 1 that suggested the Knicks withheld news about an injury to their star player, Jeremy Lin, due to fears about lower ticket sales.

The "story in the New York Daily News is just another in a long list of articles and cover stories designed to provoke Cablevision and the Madison Square Garden," according to a statement from Dolan's Cablevision. "Mr. Zuckerman's attempts to parlay this into a favorable arrangement for himself could not be more misguided," Dolan said in the statement.

The Daily News folks deny any involvement in the Dolan-Zuckerman-Knicks-Jeremy Lin spat. There has been "no more supportive a newspaper than the Daily News about Lin's superb performances with the Knicks," said Colin Myler, the Daily News' editor-in-chief.

This is what happens when rich guys own newspapers. (Bloomberg)

Sales Buzz

Job Support (Retailing Today)

Gap's Banana Republic brand and Google's daily deals site, Google Offers, are joining Starbucks in support of the Create Jobs for USA program.

Rosenfield's Raise (Dow Jones Newswires)

Kraft Food's chairman and chief executive, Irene Rosenfield, earned total compensation of $21.9 million in 2011, up 13.5% from 2010. Her base salary last year was $1.5 million. Kraft is getting ready to split into two companies by the end of this year.

McComb's Pay Cut (Dow Jones Newswires)

Liz Claiborne's chief executive, William McComb, earned total compensation of $5.4 million in 2011, down 19% from 2010. His base salary last year was $1.3 million, the same as in 2010.

Marketing Buzz

James Murdoch Resigns Again (WSJ)

James Murdoch is relinquishing another position and will no longer serve as chairman of News Corp.'s British Sky Broadcasting company. News Corp. is the parent company of Dow Jones, which owns FINS.

Atherton's Move (Ad Age)

Andy Atherton, co-founder of online advertising network Brand.net and a former Yahoo ad executive, is joining the ad technology company AppNexus as senior vice president of strategic accounts.

No More Web Surfing! (Cincinnati Enquirer)

Procter & Gamble's employees were using too much bandwidth at work, so the consumer goods giant has banned its 129,000 employees from using Pandora and Netflix. Why they were listening to radio and watching movies on company time is another question.

Rebranding Tips (Sales Machine)

Sales Machine offers marketers 10 rebranding tips, such as writing a headline for your website and making sure you describe your audience in marketing materials.

Buzz Around the Office

Elephant Escape (YouTube)

Somebody catch that elephant before it stomps on a car!

List of the Day: Distinguish Yourself

It's a tough market out there. Here are some tips to help you become an attractive job candidate.

1. Learn about the most cutting-edge technology in your field.

2. Consider becoming a contractor.

3. Find a niche where fewer people can add value and make yourself an expert.

(Source: Harvard Business Review)



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