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New York family businesses

September 5, 2014

The daughter-in-law of Advance Publications president Donald Newhouse has been promoted president of global development at its magazine company Conde Nast International.

The daughter-in-law of Advance Publications president Donald Newhouse has been promoted president of global development at its magazine company Conde Nast International.

The appointment answers speculation about what role she would take in the family empire after trade publications division Fairchild Fashion Media, where she had been president and chief executive since 2010, was sold to Penske Media Corporation in August for $100 million.

September 20, 2013

New York’s family-controlled Empire State Building – the skyscraper immortalised in films such as King Kong and Sleepless and Seattle – is set to be publicly listed as part of a real estate investment trust priced upwards of $1 billion (€740 million).

New York’s family-controlled Empire State Building – the skyscraper immortalised in films such as King Kong and Sleepless and Seattle – is set to be publicly listed as part of a real estate investment trust priced upwards of $1 billion (€740 million).

According to a regulatory filing made on Thursday, the Empire State Realty Trust, controlled by Malkin Properties, plans to launch an initial public offering of 71.5 million shares at $13 to $15 apiece.

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