TOP STORIES ELECTION 2006 Business Lives Love Hospitals boost bipartisan-style P. 35 marketing to lure Townsend Why I’m cancer patients voting for Callaghan P. 11 for profitable care Insider Spitzer’s role in PAGE 2 ® replacing Hevesi P. 14 NY Times Co.’s digital businesses are humming VOL. XXII, NO. 45 WWW.NEWYORKBUSINESS.COM NOVEMBER 6-12, 2006 PRICE: $3.00 while print slips PAGE 3 ELECTION 2006 Lord & Taylor Cablevision’s MSG taking over lease at Beacon Theater may abandon PAGE 6 Fish market thrives in the Bronx a year Manhattan after moving in PAGE 27 Suburban gains New tools cut revive famous convention costs; gettyimages chain; smaller NY cozy affairs, airport AG contender Jeanine Pirro Sen. Hillary Rodham Clinton location possible hotels are in MEETINGS REPORT, P. 19 BY ELISABETH BUTLER WHERE ARE lord & taylor’s new owner may BUSINESS LIVES abandon New York City and turn the venerable retail chain’s Fifth MOVING UP Avenue flagship into condomini- Bob Lape gives THE WOMEN? ums or office space. redesigned Private-equity firm NRDC Picholine Equity Partners, which bought 4 stars NY’s record on electing female the 180-year-old department PAGE 39 officeholders belies its liberal store chain last month,had spoken buck ennis publicly about reducing the flag- RIGHTING THE FLAGSHIP: The Fifth Avenue image; parties, bias share blame ship’s retail space, but President store generates just 9% of the chain’s sales. Richard Baker now says he is con- sidering more drastic plans. Pur- BY ANNE MICHAUD chase, N.Y.-based NRDC may leave town altogether, moving its move the store—a landmark on flagship to the suburbs. this election season, two dynamic women have barn- Fifth Avenue and West 39th “It’s nice having a Manhattan stormed for two of New York’s highest offices. For all the Street for 92 years—to another store,but I wouldn’t call it key,”Mr. AT DEADLINE headlines generated by Hillary Rodham Clinton’s sprint for Manhattan location. Or it could See LORD & TAYLOR on Page 34 a second term in the U.S. Senate and Jeanine Pirro’s bid for TWO NEW YORK ATTORNEYS attorney general, very little has been made of their sex. WILL TRY to convince the U.S. Supreme Court to strike But the fact that two women are statewide candidates in down a federal ban on partial New York is actually big news. New York voters have a terrible record of electing women Rejuvenated Nymex birth abortions when the case is argued on Wednesday. to the state’s highest offices. Nationwide, 480 women have Priscilla Smith, legal director held nonjudicial, statewide elective office. But New York can for the nonprofit Center for claim only four of them. And three of those, including cur- to cash in with IPO Reproductive Rights, and Eve See NY ELECTS on Page 33 Gartner, senior staff attorney board, and the exchange began of the Planned Parenthood Shares expected hemorrhaging serious market Federation of America in to soar; some see share to nimbler competitors. New York, have each been But in the past eight months, allocated an hour to make merger with NYSE Nymex has staged a dramatic turn- their case.The court is con- around. After years of resistance, sidering rulings by two federal floor traders laid down their arms appeals courts that the Partial 4outof480 BY AARON ELSTEIN and embraced the computer age Birth Abortion Ban Act of NATIONWIDE, 480 women have been elected and even agreed to bring in a re- or appointed to statewide elective offices. 2003 was unconstitutional. NEW YORK has voted in only four women: Sen. Hillary next week, the New York Mer- spected private equity firm to re- Rodham Clinton and three lieutenant governors. cantile Exchange will strike the store order to the notoriously frac- IN AN EFFORT TO COMPETE biggest gusher in its 134-year his- tious board. The IPO will cement AGAINST luxury grocer Whole tory. It will raise over $300 Nymex’s status as one of Foods, Food Emporium is million in an initial public New York’s leading finan- introducing a focus on offering of its shares that cial institutions and give it See AT DEADLINE on Page 2 will fix the value of the $52EXPECTED the cash it needs to regain world’s leading oil market- price of each lost business. Nymex share place at nearly $4.5 billion. in the IPO Down the road, Not bad for an institu- Nymex’s enhanced status COMINGNEXT WEEK tion that as recently as last winter and brighter prospects could even Crain’s GROWING A BUSINESS GUIDE seemed all but obsolete. Floor speed a linkup with the mighty offers a complete listing of places traders bickered over whether to New York Stock Exchange. Such ELECTRONIC EDITION entrepreneurs can turn to for advice, allow futures contracts to trade a move seems to come from the loans, staff and more. electronically, competing blocs of playbook of Chicago’s two big ex- NEWSPAPER directors feuded over control of the See REJUVENATED on Page 33 ALONG A NEW VEIN: Dr. Harold Varmus of AT DEADLINE Memorial Sloan-Kettering knows that patients want Continued from Page 1 Martin Mehler. amenities as well as specialty foods at its Bridge- quality care and market store on First Avenue AN UNPRECEDENTED 37% OF convenient locations. and East 59th Street.The retail HARVARD’S latest crop of concept will include interna- M.B.A.’s took Wall Street jobs tional and domestic cheeses, this year, and that’s a clear signal chocolates and fresh pasta. Hans to sell stocks, says Ray Soifer, a Heer, a new general manager at Harvard alum and former secu- Food Emporium and a former rities industry analyst. Accord- food manager at Harrods in ing to Mr. Soifer, history shows London, will announce the the market has peaked anytime concept on Wednesday.The more than 30% of Harvard company declined to say M.B.A.’s become investment whether it plans a wider rollout. bankers or money managers. The previous peak took place in MANHATTAN-BASED THUMBPLAY 2002—a terrible year for HAS RAISED $10 million in stocks—when 36% of Harvard capital and secured a $5 million M.B.A.’s went to Wall Street. line of credit from SVB Silicon Valley Bank. Bain Capital THE LATIN GRAMMY AWARDS Ventures made the biggest CEREMONY last week gave local investment. SoftBank Capital Univision Channel 41 its and i-Hatch Ventures, both of biggest night of the year, cap- which had earlier put money ping a week that also saw the into the tech company, also station’s 6 p.m. and 6:30 p.m. contributed in the latest round. news programs on Halloween Two-year-old Thumbplay, night beat out all rival newscasts which sells more than 50,000 among key audiences. On cell phone ring tones, games and Thursday, the Latin Grammys, graphics to consumers, will use broadcasting from New York for the money to expand its the first time, took the top spot buck ennis marketing efforts and content. among 18-to-34- and 18-to- 49-year-old audiences in the 8 THE NEW YORK STATE LIQUOR p.m. to 11 p.m. slot, according AUTHORITY has ruled that bars to Nielsen Media Research. and clubs operating with temporary licenses can apply for A NEW RESIDENTIAL BROKERAGE Touting cancer care multiple 30-day extensions.The FIRM IS OPENING its doors in move will allow city establish- Herald Square. Mosaic ments with expiring temporary Properties, which is hiring to City, suburban hospitals woo patients in profitable field permits to continue serving expand its staff of 20 brokers, alcohol during the agency’s signed a lease for 10,000 square current moratorium on new feet with an option to expand BY GALE SCOTT permits.The decision by the into as much as 50,000 square SLA, which is reviewing the feet at 100 W. 32nd St., at Sixth given memorial sloan-kettering cancer center’s reputation for high-quality cancer care permitting process to crack Avenue. It is also opening a down on underage drinking, 1,500-square-foot storefront in and research, it might not seem necessary for the hospital to market itself to attract patients. followed a lawsuit by Barra- the building, where the asking Yet the hospital spent $3.2 million last year promoting its expertise, and it will pay out a similar mundi, a Lower East Side bar rent is $20 a square foot. It amount this year. that had been refused an brokered the deal directly with MSKCC isn’t alone. Besides other city hospitals—like Montefiore and NYU Medical Cen- extension, says the bar’s lawyer, the landlord. ■ ter—the Cancer Institute of New Jersey and North Shore-Long Island Jewish Health System have launched aggressive marketing campaigns to bring in patients for cancer treatment, a lucrative field. North Shore-LIJ has applied to become a National Cancer Institute-designated THIS WEEK IN CRAIN’S comprehensive cancer center; MSKCC and the Cancer Institute, located in New Brunswick, are two of just five institutions in the tristate area to have the coveted designation. ALAIR TOWNSEND ------------------ 11 37 See HOSPITALS on Page 29 THE INSIDER------------------------------------14 WEEK IN REVIEW -----------------------16 SMALL BUSINESS --------------------18 REPORT: MEETINGS Extell tax break draws foes & CONVENTIONS-------------------19 District. At a public hearing Thurs- mayor in the Giuliani administra- Diamond District day they will argue against Extell tion, says that Extell hopes to offer REAL ESTATE DEALS--------------25 landlords say tower Development Co.’s application to rents of about $55 per square foot, THE WEEKS AHEAD ----------------26 the city Industrial Development low enough to lure the highest-pay- 39 would poach firms, Agency for up to $37.5 million in ing tenants on Diamond Row.