Morning Joe: Heilemann on Baby Boomers and GE’s Jeff Immelt’New York’ columnist John Heilemann appeared on MSNBC’s ‘Morning Joe’ to discuss the looming baby-boom time bomb’s effect on entitlement programs and GE CEO Jeffrey Immelt’s new gig as head of the president’s economy panel.
There May Be a Day When Port Authority Is Nice to Look AtWe know, we know — dare to dream, right? But there are proposals to build above it, and the renderings look lovely. Plus, news from the finance, law, real estate and media industries, in our daily roundup.
company town
Karl Rove to Finally Profit From Professional Secret-KeepingMEDIA
• Here come the NBC News pay cuts: Jeff Zucker plans to slash anywhere between $20 and $40 million, including an entire level of MSNBC management. And thanks to the writers’ strike and fears of recession, future cuts may only get worse. [NYP]
• Karl Rove may be offered $3 million for a memoir, in which we may find out how much he got in exchange for his soul. [NYP]
• At least one person thinks the press did a heckuva job in reporting the lead-up to the Iraq war — former top White House communications adviser Dan Bartlett. [NYO]
company town
GE Wants In on the Dow Jones ActionMEDIA
• GE and Pearson, the parents of NBC and the Financial Times, are considering a rival bid for Dow Jones. [NYT]
• Quadrangle Group bought Dennis Publishing for $240 million and is courting editorial talent. [WWD]
• Demand for ad space pushes Page Six up to three pages. [NYT]