This item was in the New York Post this morning: “Saks Fifth Avenue’s attempts to strong-arm New York magazine into killing a planned story about the retailer by threatening to pull future advertising have fallen flat.
“New York is planning to go ahead with the story, albeit without Saks’ cooperation, sources told The Post’s Suzanne Kapner. Saks currently isn’t a big advertiser with the magazine, but had considered running pages in future issues, a source said.
“‘New York magazine keeps a very strict separation of our editorial and publishing depart ments,’ said Serena Torrey, a New York spokeswoman. ‘We’re always disappointed to hear that any of our potential advertisers are uncomfortable with that separation.’ A rep for Saks didn’t return a call.”
I hope that no business journalist or publication ever succumbs to such a threat. It’s stuff like this that makes business reporting worthwhile. It’s obvious that the story has struck a nerve with a company that doesn’t want publicity.
Sadly, I have an entire file folder of similar incidents down through the years.
The New York Times is seeking an experienced, ambitious editor to run the Business desk’s…
Colin Campbell has been hired by Axios to cover supply chain deals and the freight industry.…
Axios has hired Katherine Davis as its biotechnology deals reporter. Davis has been at Crain's Chicago Business…
The Financial Times is seeking a reporter to cover Wall Street’s biggest market makers, exchanges…
Lee Meyer has been hired by Newsday to cover the business of health care and cannabis.…
Seattle Times general assignment business reporter Alex Halverson is moving to the Big Tech beat. He replaces…