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Does New York Have A Problem? [Magazines]

Posted on November 21, 2008

Yesterday New York magazine laid off Gael Greene, a food critic there for the past 40 years. Apparently the recession is hurting New York like everyone else not as drastically as everyone else, of course, but enough to have to pare down their fat roster of restaurant reviewers. So is this just a longtime employee being pushed out, or a sign of something worse under the surface? New York is owned by billionaire Bruce Wasserstein, the CEO of investment bank Lazard. Does he have money problems? Well, let's see: Not so good! Like everyone else in the financial sector. And New York is not a c...


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