Only In New York: Millionaires With Malaise

New York police arrest cousin in 1991 ‘Baby Hope’ killing

Credit: Reuters/Mike Segar By Luciana Lopez NEW YORK | Sun Oct 13, 2013 5:42pm EDT NEW YORK (Reuters) – This year’s New York Comic Con might not look that different from years past: costumed fans, panels of pop culture luminaries and a sprawling floor of vendors and artists. But for the companies that attend this pop culture convention and others like it nationwide, there have been significant changes over the years. The proliferation of such events, the explosion of social media and the overwhelming size of the gatherings are forcing companies to change their own approaches to meeting, engaging and hooking new and old fans. From niche meetings for fans, comic cons have become sprawling affairs. New York Comic Con at the Javits Center expects to attract more than 120,000 fans to the four-day event that ends on Sunday, a steep rise from the first edition of the con, in 2006, which drew 33,000 people. The event occupies a space equivalent to more than three football fields and includes a massive exhibitors floor. Last year’s event featured everything from standards such as T-shirts and graphic novels to vampire teeth, corsets and even bed sheets. “There’s so much when you walk on that floor it’s information overload,” said Christopher “mink” Morrison, founder of Twistory Entertainment Studios, which produces film, magazines, graphic novels and videogames. Faced with the need to cut through the increased noise at the events, Twistory set up two giant iPads rising 10 feet on which their artists can draw fans can play the company’s new game, “Belle’s War.” The so-called Padzillas engage the fans and pose questions, giving Twistory the chance to draw fans further in. “I don’t think in today’s day and age you leave anything off the table if you are an entertainer,” Morrison said. IMPACT OF SOCIAL MEDIA Cons have grown in several ways. There are simply more of them now. In addition to the massive San Diego show, usually in July, and the New York show, there are cons for everything from horror to anime, everywhere from St. Louis to Salt Lake City. It means companies have to choose carefully which to attend.

Many of the company’s major initiatives involve shifting from a reliance on the advertising, which for so long was its lifeblood. The company has announced plans to introduce new subscription products, attract paying international readers and expand into video. “If we can get the combination of the new products that we’re doing and the international strategy to significantly increase consumer revenue, that could be of real significance,” Mark Thompson, The Times Co.’s president and chief executive, said in a recent interview. The plans vary from news-based products, like video, mobile apps and expanded international coverage, to tangential revenue producers like one-day conferences and cruises featuring Times reporters as expert speakers (there is currently one in Western Europe featuring two members of the paper’s Washington bureau). Thompson stressed that many of the initiatives involve and depend on using Times journalists, and building the efforts around them. “The last thing in the world we want is the business side trying to invent journalistic product,” he said. “The future of journalism needs to be figured out in the newsroom of The New York Times, not in the ad department.” But the financial challenges that have battered the industry remain as daunting as ever, and The Times is making these changes under the impatient watch of Wall Street, which measures success in quarters, not years. “In 2014, we are going to start looking at whether some of these investments are going to be successful,” said Alexia S. Quadrani, an analyst at JPMorgan Chase. Times executives have been clear that they see trouble spots ahead. The company still relies on its printed edition for the vast majority of its revenue.

A leaner New York Times focuses on global growth

7 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Only in New York: Millionaires with malaise Robert Frank, CNBC 10:13 a.m. EDT October 12, 2013 in New York and other concentrated wealth centers the growing gap between the rich and super rich has rarely been wider. (Photo: Martin Child, Getty Images) Story Highlights Tensions between rich and super rich as old as wealth itself But in New York for instance, the growing gap has rarely been wider How those living in Fifth Avenue palaces can actually feel disadvantaged SHARE 122 CONNECT 41 TWEET 7 COMMENTEMAILMORE I recently asked a wealthy political donor why he was supporting Bill de Blasio and his attacks on the wealthy. “Because inequality is a problem in New York,” he said. “The rich have gotten their way for too long.” By “rich” of course, he meant people richer than he wasas in billionaires. Inequality in New York is all relative. The tensions between the rich and super rich, and between Old Money and New Money, are as old as wealth itself. But in New York, San Francisco, London, Hong Kong and other concentrated wealth centers, the growing gap between the rich and super rich has rarely been wider. In an entertaining piece in the New York Observer, Richard Kirshenbaum writes of a friend (whom he doesn’t name) who no longer feels important in New York because he’s only a millionaire. It’s what Kirshenbaum calls the “millionaire malaise.” “I’m 1990s money in a new age with one less zero,” the friend says. Now, it takes at least $100 million to matter in New York. He says he feels like a “loser” because of his $10 million apartment. His wife’s 8-carat diamond is out-blinged by a friend’s 20-carat rock. He’s proud of his floor seats; another guy buys the team. “You think you’re a player, flying your family first class, then so-and-so asks for your tail number, and they look at you like you’re taking the bus because you’re flying commercial,” he says.


Conrado Juarez, 52, early on Saturday confessed to sexually assaulting and then smothering the girl, Police Commissioner Raymond Kelly told a news conference. Police detained him at a Manhattan restaurant on Friday, more than 22 years after the girl’s death, he said. Juarez was arrested on the murder charge and was awaiting arraignment, according to New York electronic court records. The girl, dubbed “Baby Hope” by investigators, was never reported missing and was only recently identified. Kelly named her as 4-year-old Anjelica Castillo. Her bound, asphyxiated body was discovered stuffed underneath cans of soda inside a blue-and-white cooler alongside the Henry Hudson Highway in northern Manhattan in July of 1991. She had been starved and sexually abused, police said. New York police announced on Tuesday they had identified the girl’s mother after following through on a tip they received over the summer. Her identity was confirmed through DNA testing and she was cooperating with the investigation, they said. After the girl’s death, members of the police department paid for her funeral and many worked for years in hopes of identifying her or her killer. “Today, NYPD investigators are giving young Anjelica her due justice,” Kelly said.