A former Star-Ledger business
Thomas Zambito writes, “In a lawsuit filed in U.S. District Court Tuesday, Philip Read says Paul Profeta took his idea for a magazine called ‘The Downtowner’ and turned it into his own publication, which debuted in August 2013.
“‘To the Plaintiff’s shock, Profeta published his first issue of ‘Radius: Brick City and Beyond,’ a 96-page Newark-based publication mirrored largely off the business model, contacts and footwork the Plaintiff created and performed,’ the lawsuit claims.
“Read claims he broached the idea for a magazine to Profeta in November 2010, shortly after he’d interviewed him for a Star-Ledger story that was published in October discussing Profeta’s work with a group that provides no-interest loans to minority-run businesses in Newark.
“Read’s pitch to Profeta was that the magazine would fill a void left by The Star-Ledger following staff reductions brought on by a worsening economic climate for the newspaper, according to the lawsuit.”
Read more here.
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…