Recent Blog Posts
-
Conde Nast Closing 'Portfolio'
Apr 27 200910:02 am EDT -
Newspaper Circ: 'WSJ' Gains as 'NY Post' Tumbles
Apr 27 20099:32 am EDT -
Idle Chatter: The Prognosis for Newspapers, more
Apr 27 20098:55 am EDT -
Late Breaks: MySpace, NYT, 'New York'
Apr 24 20094:01 pm EDT -
Nostalgia, Entitlement and Murdoch's 'Journal'
Apr 24 20094:00 pm EDT
Links
- SI.com - Richard Deitsch

- I Want Media

- Editor & Publisher

- Galleycat

- Magazine Death Pool

- WWD's Memo Pad

- Talking Biz News

- Media Nation

- Hollywood Wiretap

- FAIR

- The Media Pundit

- NYT Media

- MediaFile

- Gapper Blog - Media

- Jezebel

- The Business Insider

- Viral Video

- Ad Age

- Newsbusters

- News After Newspapers

- Nikki Finke

- News Hounds

- NY Observer media page

- Valleywag

- Paid Content

- TVNewser

- Nieman Journalism Lab

- Romenesko

- Keith Kelly

- Contact Me

- Cover Awards

- Tyndall Report

- Jon Friedman

- Gawker

- Jon Fine

- Media Shift

- HuffPo Media

Zuckerman: Madoff Lost Charity's Cash, Not Mine
Mort Zuckerman has an important message for the world: I am still rich.
Zuckerman took to CNBC this afternoon to refute the belief, fostered by an imprecisely-worded Wall Street Journal story, that he lost a bundle in Bernard Madoff's now-notorious Ponzi scheme.
"A lot of people have the impression, as you say, serious damage was done to me personally rather than to this charitable fund and that is not the case," the U.S. News and New York Daily News owner told Erin Burnett. He said the Journal will print a letter to the editor tomorrow clarifying the situation.
"This is not my own personal funds. This is a charitable fund called the Mortimer B. Zuckerman charitable remainder trust and it's vehicle through which a lot of charitable donations are made," he added. "That is a charitable contribution I made in 2001 and has nothing do with my personal funds."
Zuckerman also said that the loss of his trust's $30 million will have "a lot of legal implication" for the fund manager who placed the money with Madoff.






