TOP STORIES BUSINESS LIVES HATING THE TOUGH LOVE Majestic reinvents Why team-building battered business retreats cause of stock analysis employees to freak out PAGE 2 PAGE 47 ® NY state missing boom in cleantech industries: report VOL. XXIII, NO. 3 WWW.NEWYORKBUSINESS.COM JANUARY 15 -21, 2007 PRICE: $3.00 PAGE 3 Celebrity chef DOWN TIME Colicchio overhauls As newsweeklies lose relevance, ad pages are stagnant. Hospitals woo his much-criticized Craftsteak eatery NEW YORK, NEW YORK, P. 6 docs from rivals Contenders are lining up for state on Berger list comptroller post INSIDER, PAGE 14 several major medical practices in Source: Publishers Information Bureau Physicians at facilities New York City. Bedbug epidemic lindström bekka targeted to close are The state’s Berger commission puts exterminators said in November that nine hospi- eager but cautious; tals statewide should close, as part in growth mode Newsweek on Time: status, perks at stake of a restructuring of 57 health care SMALL BUSINESS, P. 20 systems. Four of the five threat- ened New York City hospitals are We’ll stay the course BY GALE SCOTT going to court to contest the pan- el’s authority, but most doctors REPORT scores of physicians at five New think that the legal challenges will REAL ESTATE In fact, Time’s turning to big- York City hospitals slated for clo- prove futile. Sees rival’s changes name commentators and forward- sure are being aggressively recruit- Meanwhile,the offers are pour- ● Soaring midtown as a boost; stronger looking analysis—not to mention ed by rival facilities. ing in. Dr. Michael Poon, director rents force tenants its move to a Friday publication An increasing number of cardiovascular medicine to flee PAGE 23 Web presence helps date from Monday—may help 74- of doctors,concerned about and integrated imaging at ● year-old Newsweek finally emerge their future at the targeted Cabrini Medical Center, a Bronx becomes BY MATTHEW FLAMM 60 last haven PAGE 23 from its archrival’s shadow. hospitals, are responding NUMBER OF targeted hospital in Man- By maintaining its focus on to the recruitment efforts. PATIENTS an hattan, reports that he’s ● Dubai-based internist admits january has been a busy month news, Newsweek could end up with They’re seeking admitting to the hospital been besieged by recruit- investment firm for Time, which is valiantly at- a near-monopoly on scoops in the privileges and credentials in a year ment efforts. shatters price records tempting to cheat death, or at least category. It can also watch as Time at multiple facilities—a “I’m still here, but I’m PAGE 31 irrelevance,by becoming a new kind endures the heckling that comes clear sign that they want out. weighing a lot of offers,” he says. ● 5 leading brokers of newsmagazine. Which prompts with a public transformation. “The hospitals are fighting “Everybody is banging on my door offer forecasts for the question: Will Newsweek, Perhaps best of all, the casual closing, but the docs are already with jobs. I’m looking at them all.” 2007 PAGE 40 Time’s veritable twin, follow suit? observer will have an easier time leaving,” says Mike LaPenna, a However, moving to other hos- The answer from the No. 2 telling the two publications apart. health care consultant based in pitals can be arduous for physicians, newsweekly: We don’t have to. See NEWSWEEK on Page 8Grand Rapids, Mich., who advises See HOSPITALS on Page 8 AT DEADLINE VERIZON COMMUNICATIONS’ FASHION VICTIMS PLAN TO START offering television service in the city early in 2007 appears to be in jeopardy.The City Council passed a law allowing the Controversy telecom company to pursue a cable TV franchise three months ago, but the city has on the catwalk not yet released a request for proposals that would allow Verizon to push ahead in its the company’s upcoming runway effort. Verizon and city U.S. industry takes show.The device:a bathroom scale. officials declined to comment. steps to protect “We bought it so we won’t send 87-pound girls down the runway,” THE NEW YORK RED BULLS ARE superthin models; says Bud Konheim, chief executive EXPECTED to announce the at Nicole Miller. Every model who signing of two major inter- is effort effective? visits the office will get on the scale, national soccer players over the and those who are underweight by next few months.The Los BY ELISABETH BUTLER medical standards won’t be allowed Angeles Galaxy’s blockbuster on Nicole Miller’s catwalk. $250 million contract with the nicole miller fashion house “The scale is right in the room, European superstar David just added a new gadget to its cast- so the girls know we’re serious,” See AT DEADLINE on Page 2 ing room to help evaluate the scads Mr. Konheim says. of young models vying for a spot in New York Fashion Week is less than a month away, and industry leaders are under pressure to show that their models aren’t starving. Last week, the Council of Fashion JUST HANGERS: The Designers of America issued issue heated up after guidelines designed to protect the two runway models ELECTRONIC EDITION models. More of the city’s model- died last year from ing agencies are working with di- eating disorders. NEWSPAPER See CATWALK on Page 8 gettyimages AT DEADLINE Continued from Page 1 Bank of America as their first Beckham was made possible by presenting sponsor. Last year’s a new Major League Soccer rule event drew 25,000 attendees. that allows teams to exempt one player from the salary cap of $2 MANHATTAN-BASED MUSIC million per team. In November, NATION has raised $5.5 million the Red Bulls wrangled a second in its first round of venture “designated player” slot in a funding.The lead investor was trade with L.A. club Chivas Greylock Partners; Point Judith USA, so the team can now bring Capital also put money into the in two highly paid stars. “It startup. On Monday, Music won’t be someone of Beckham’s Nation will launch a YouTube- stature, but we will make meets-American Idol Web site. announcements shortly,” says Performers will pay $25 to Marc de Grandpre, managing upload their music videos on director of the Red Bulls. www.MusicNation.com for a chance to win a recording ANALYSTS BELIEVE THAT THE contract with Epic Records. REVISED OFFER from the Dolan family to take Cablevision WARM WEATHER HAS MELTED DOUG ATKIN says the Systems Corp. private remains SOME OF MANHATTAN’S ski- data Majestic Research too low. On Friday, Charles and rental business. Paragon Sports, examines is publicly James Dolan, who control the which leases skis to New available but isn’t easy company, said they would pay Yorkers for short trips, has seen for others to obtain. $30 a share, or $8.9 billion, for a “significant” decrease in rentals the cable TV and entertainment since the record temperatures roger hagadone company.They described the set in after Thanksgiving. bid—$3 per share more than However, Princeton Ski Shops they offered in October—as says it deals only in season-long their “best and final offer” and rentals and has not been said it expires at the close of affected. Research engine business on Wednesday.“Do not let Chuck and Jim Dolan steal NEW YORK SPORTS CLUB SIGNED CVC,” wrote Pali Research A 15-YEAR LEASE at 68 Bradhurst analyst Richard Greenfield. Ave., between West 145th and Majestic reinvents battered business of stock analysis West 146th streets.The 16,200- THE WINTER ANTIQUES SHOW, square-foot gym—the chain’s BY AARON ELSTEIN WHICH STARTS FRIDAY, is second in Harlem—is slated to expanding its offerings in a bid open this summer on the first the cubicles of wall street firms are stuffed with thousands of analysts trying to find the to attract more attendees.The two floors of a 180-unit condo fair will feature a new lecture building. Ripco Real Estate next hot stock. But with so many reading the same press releases, digging through the same series and three additional Corp. represented property financial statements and listening to the same conference calls, it’s tough to get an edge. exhibitors specializing in 20th owners Gotham Organization Majestic Research is changing that. century antiques—bringing the and The Richman Group, and The four-year-old firm is revolutionizing the stock-picking business by using the Internet to number of exhibitors to 75. New York Sports Club Organizers have also signed negotiated on its own behalf. ■ dig up fresh insights on companies. By boiling down enormous amounts of data culled from corporate Web sites and other sources, Majestic’s team of 50 analysts figures out such things as how much airlines are charging for particular routes or how same-store sales are shaping up at CORRECTION retailers. Restaurant reviewer Bob Lape gives Tini two and a half stars. The rating was incorrect in the Jan. 8 issue. These insights are shared with customers long before companies disclose them, and the See MAJESTIC on Page 10 THIS WEEK IN CRAIN’S 49 ALAIR TOWNSEND ------------------ 13 Eager developers grab land THE INSIDER------------------------------------14 WEEK IN REVIEW -----------------------16 Bounded by West 28th Street to Extell Development Co. acquired 5 million square feet the south and West 43rd Street to a parcel on 10th Avenue between SMALL BUSINESS --------------------20 of housing going up; the north, Hudson Yards extends West 30th and West 31st streets for REPORT: REAL ESTATE --------23 west from Eighth Avenue to the $23 million, or $166 a square foot, hotels, offices seen Hudson River.