CNYB 07-07-08 A 1 7/3/2008 7:17 PM Page 1 SPECIAL SECTION NBA BETS 2008 ON OLYMPICS; ALL-STAR GAME HITS HOME RUN IN NEW YORK ® PAGE 3 AN EASY-TO-USE GUIDE TO THE VOL. XXIV, NO. 27 WWW.CRAINSNEWYORK.COM JULY 7-13, 2008 PRICE: $3.00 STATISTICS Egos keep THAT MATTER THIS Spitzer’s aides YEAR IN NEW YORK newspaper PAGES 9-43 find it difficult presses INCLUDING: ECONOMY rolling FINANCIAL to start anew HEALTH CARE Taking time off to decompress Local moguls spend REAL ESTATE millions even as TOURISM life. Paul Francis, whose last day business turns south & MORE BY ERIK ENGQUIST as director of operations will be July 11, plans to take his time three months after Eliot before embarking on his next BY MATTHEW FLAMM Spitzer’s stunning demise left endeavor, which he expects will them rudderless,many members be in the private sector. Senior ap images across the country,the newspa- of the ex-governor’s inner circle adviser Lloyd Constantine,who per industry is going through ar- have yet to restart their careers. followed Mr. Spitzer to Albany TEAM SPITZER: guably the darkest period in its A few from the brain trust that and bought a house there, has THEN AND NOW history, with publishers slashing once seemed destined to reshape yet to return to his Manhattan newsroom staff and giants like Tri- the state have moved on to oth- law firm, Constantine Cannon. RICH BAUM bune Co.standing on shaky ground. AT DEADLINE er jobs, but others are taking Working for the hard-driv- WAS The governor’s Things are different in New time off to decompress from the ing Mr.Spitzer,“you really don’t secretary York. THE UNION REPRESENTING scandal that upended have any time to think The Daily News is investing in 450 CEMENT-TRUCK DRIVERS their lives. Looking about what you want to IS Chief operating new color presses. The Wall Street and the city’s concrete “The shock of do next,” Mr. Francis officer, New York Journal is launching a weekend back at Academy of Sciences producers will return to the Spitzer’s fall weighed a scandal says.“So I think it’s nat- magazine.The New York Times,de- bargaining table as early as heavily on every single ural to take some time PAUL FRANCIS spite cutting 100 newsroom jobs, today in an effort to end a one of these people,”ex- [now] to evaluate the has not cut back on coverage. The strike that has disrupted plains a former staffer, options.” WAS Director of New York Post and the New York construction sites across the who asked not to be identified. But the Spitzer crew—most operations Sun continue to publish in the face five boroughs.The workers Those who can afford to are of whom remain devoted to the IS Eyeing return to of unending trails of red ink. walked off their jobs after taking a break to recover from former governor, despite the private sector Most remarkable of all, four negotiations between the intensity of working for Mr. revelation that he slept with dailies—eight counting the Jour- Teamsters Local 282 and the Spitzer and the emotional up- high-priced call girls—clearly nal, Long Island’s Newsday and Association of New York City heaval of his disintegration. needed a break as well. LLOYD CONSTANTINE freebies amNew York and Metro— Concrete Producers failed to Christine Anderson, who as “I think everybody is now, in WAS Senior adviser fight for attention at a time when yield a contract by the July 1 press secretary and then com- his or her own way, facing the most cities can barely support one. expiration of their current munications director was on the question of ‘Where does this IS Not yet back at The troubled economy and deal. Wages and working front lines of Mr. Spitzer’s bat- leave me?’” says Richard Rifkin, Constantine Cannon competition from the Internet— conditions are the sticking tles, is unwinding in the who was deputy attorney gener- See TEAM on Page 8 the two forces hammering the in- points. “There’s a huge desire anonymity of New York City See SPITZER on Page 8 See EGOS on Page 6 on both ends to resolve this as quickly as possible,” says a spokeswoman for Teamsters SALARY GAP Local 282. THE FOURTH OF JULY FESTIVITIES MAY BE OVER, but the sponsors of fireworks Black nurses earn less than whites shows are reeling from cost increases and already beginning to worry about Even with same City,black nurses get paid less than higher prices expected for next their white counterparts. See AT DEADLINE on Page 2 experience, they The Center for Health Work- force Studies at the State Univer- make less money sity of New York in Albany com- COMINGNEXT WEEK pared the salaries of nurses with As banks tighten the spigot on BY GALE SCOTT similar experience and credentials credit, the July SMALL BUSINESS and found that black nurses made REPORT reveals how microlending is nursing has long been a ladder less in almost all cases. filling the void for many companies. up for minority women, but a new For example, black nurses with state study shows that in New York 30 or more years of experience earned an average annual salary of about $81,000, while white nurses 27 with the same experience earned 5 COMMITTED CARE: an average of almost $90,000— Kaaba Chenault 11% more. says she has “never “That sounds like racism to wanted to work ELECTRONIC EDITION me,” says New York City Council- anywhere” but a woman Letitia James.“On the ba- city-run hospital. NEWSPAPER See BLACK NURSES on Page 6 roger hagadone 71486 01068 0 CNYB 07-07-08 A 2 7/3/2008 7:13 PM Page 1 WEEK IN REVIEW AT DEADLINE For daily news updates, go to www.crainsnewyork.com Continued from Page 1 accommodating place to film a year’s shows. Macy’s Inc., commercial or show. The office points higher than a year ago. Yet official sponsor of the city’s quietly created the YouTube asking rents rose, with the average annual Fourth of July Fireworks channel in February and has hitting $71.59 a square foot. Spectacular, declined to disclose attracted only 271 views and 10 Simultaneously, apartment sales costs for its colossal display. But subscribers. slowed 22%, even as prices the American Pyrotechnics increased 25%, compared with the Association estimates that THE ST. REGIS HOTEL NEW YORK year-ago period. prices for fireworks rose 35% IS SPENDING $1 MILLION TO this year and forecasts another renovate its presidential suite. 15% to 20% hike next year. The five-star hotel on Fifth Con Ed, union Avenue is trying to take reach labor deal THE NEW YORK GIANTS MAY BE advantage of the continued ABLE TO CHARGE MORE FOR growth in the superluxury consolidated edison inc. advertising during the team’s market as international averted a strike with nearly 9,000 games on WFAN-AM next travelers, beckoned by a weak of its workers by reaching a season, thanks to an agreement dollar, visit the city in large tentative labor agreement with the to use Arbitron Inc.’s numbers.The St. Regis says it Utility Workers Union of America controversial Portable People will raise the nightly rate on the Local 1-2.The two sides struck a Meter ratings revamped suite to $15,000 from deal after a three-day cooling-off service. The $13,500. bloomberg news period suggested by Gov. David deal with Paterson.The company agreed to Arbitron will ST. VINCENT’S HOSPITAL Port Authority ditches deadlines continue the current pension plan. be MANHATTAN WILL CONTINUE TO Raises are estimated at about 4% press for a financial exemption THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY annually. to tear down the O’Toole changed the roof design of the World Trade Center’s transit announced Building when it presents more hub after formally scrapping the entire project’s deadlines Ambac falls off today. Since information to the New York and cost estimates. By making the building’s roof static the team sells ads for its games, City Landmarks Preservation New York exchange the Giants will use the meters Commission on July 15. All 10 rather than retractable, officials hope to shave hundreds of to give advertisers detailed of the landmark commissioners millions of dollars off the structure’s cost. The Port Authority, ambac financial group inc.,one audience measurements. have said that they would like of the city’s troubled bond insurers, Preliminary readings from the to protect the building, but St. along with city officials, plans to release new timetables and ceased trading on the New York PPMs last season indicated Vincent’s is hoping to prove budgets for the WTC in September. Stock Exchange after its share that the Giants had more that it cannot carry out its price fell to $1.04. Earlier this year, listeners among men 25 to 54 mission without demolishing the firm lost its AAA credit rating years old than the No. 1 the structure and constructing a Willets Point win forthcoming “Comes With Music” with Moody’s Investors Services, morning drive show, according new facility in its place. program. Verizon Wireless enlisted Standard & Poor’s and Fitch to Arbitron. a divided Queens Community Rhapsody’s subscription music ratings, which accelerated its THE KINGSBRIDGE HEIGHTS Board 7 approved the Bloomberg service, allowing unlimited song downward spiral. CONSUMERS, CORPORATIONS REHABILITATION AND CARE administration’s plan to redevelop downloads for $15 a month.