Philip Blumberg was recently featured in an article on Reuters titled "Free drinks dry up as business media meets Wall St,", looking at the loss of funding of the Financial Follies Dinner symbolizing the crisis facing not only Wall Street but many media organizations suffering from falling advertising and, in the case of many magazines and newspapers, circulation. An excerpt:
Then there are the after-parties. Ludovic Roche, vice president at investment fund manager Blumberg Capital Partners of Coral Gables, Florida, paid $25,000 for one. That paid for a security guard, servers, finger foods like lemon meringue pie; and wine, Ketel One vodka, whiskey and soft drinks. For Blumberg, it looked like a positive move.
To read the full article, click here.
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