April 25, 2024

Eva Chen, Trending Now at Lucky Magazine

Three recent hashtags were #balenciaga shoes, overstuffed #hermes tote and #prada sunglasses.

“I have a bag and shoe addiction,” said Ms. Chen, 33, in a recent interview, clad in a decade-old leather jacket from Topshop and a Proenza Schouler printed dress she bought on sale, part of her hair dyed in rainbow colors. “If I were a doctor or a lawyer, I’d still have it.”

In fact, she almost became a doctor. After attending the Brearley School in Manhattan, where she wore braces for six years and was, in her words, “delightfully un-self-aware” and “a late bloomer,” Ms. Chen studied pre-med at Johns Hopkins before turning to a career in media.

The question now is whether she can resuscitate the ailing Lucky, the Condé Nast shopping magazine that seemed avant-garde when it was started by Kim France in 2000, but has suffered in recent years.

Circulation has remained steady at around 1.1 million since the previous editor, Brandon Holley, took over in September 2010, according to the Alliance for Audited Media. But ad dollars were down over 10 percent in the second quarter of 2013 compared to the same period in 2012, according to the Association of Magazine Media.

Anna Wintour, who hired Ms. Chen to consult on the magazine last spring and appointed her editor in June in one of her first major moves as Condé Nast creative director, declined requests to comment. But many industry observers believe the promotion of Ms. Chen — who is social-media savvy and casually tweets about everything from Jane Austen to the thief who stole her credit card (she tracked him down and was considering calling his mother) — may represent a turning point not just in the history of Lucky, but fashion magazines in general.

Leah Chernikoff, 31, the editorial director of Fashionista.com, called Ms. Chen “the first editor in chief of our generation.”

“I don’t think posting selfies means she’s not going to be good at this job,” Ms. Chernikoff said. “She has all of the background you want from an editor in chief. She’s paid her dues.”

Ms. Chen grew up in downtown New York. Her mother is from Taipei, her father from Shanghai, and they own a consulting textile import-expert business. “For a lot of children of immigrants, what happens is your parents want you to do something very linear that they can understand,” she said. “I had an aptitude in sciences and never really questioned it.”

But, she said, her mother is a “voracious shopper” who would make an annual trip to Milan to stock her wardrobe. “I borrowed my first Chanel bag from her,” Ms. Chen said. Now, following her daughter on Instagram, “My mom will be like, ‘Please tell me you didn’t buy that Balenciaga bag.’ And I’ll say, ‘I got it from you.’ ”

In her junior year of college, Ms. Chen applied to 20 summer internships, including ones offered by MTV and the William Morris Agency, and took one at Harper’s Bazaar.  Recalling what she wore on her first day there, she said: “I bought my first pair of pointy-toed Miu Miu shoes with a kitten heel from Barneys. They were $200 and it was a big deal. I wore them with a pleated black Benetton skirt and a white shirt. I looked like a waitress.”

She knew immediately, she said, that she wanted to work in magazines.

In 2000 Lucky arrived on stands, with its then-radical truncated articles and pages of product recommendations that in some ways presaged the argot of the Internet. Ms. Chen, who once e-mailed a Microsoft Word document with columns detailing the merits of a Mulberry Alexa bag and a Proenza Schouler PS1 bag to a friend agonizing over the items, said she was an immediate fan.

“It broke down the barrier between magazine ivory tower, and you felt like you were friends with the magazine,” she said. “It was the first magazine I read where I knew who all the editors were and was the first place I saw street style photographed. What Lucky pioneered, now everybody does.”

Article source: http://www.nytimes.com/2013/08/15/fashion/eva-chen-trending-now-at-lucky-magazine.html?partner=rss&emc=rss

Media Decoder Blog: Robin Roberts Returns to ‘Good Morning America’

Robin Roberts, left, was back on “Good Morning America” Wednesday after taking a medical leave of absence so she could undergo a bone marrow transplant.ABC Robin Roberts, left, was back on “Good Morning America” Wednesday after taking a medical leave of absence so she could undergo a bone marrow transplant.

11:30 a.m. | Updated Nearly six months after signing off ABC’s “Good Morning America” to fight a life-threatening illness, Robin Roberts made her return on Wednesday to the top-rated morning show, describing herself as thankful and a bit relieved to be back.

“I keep pinching myself and I realize that this is real. This is really happening,” she said on the broadcast. “Faith, family and friends have brought me to this moment and I am so full of gratitude.”

The moment, promoted two weeks ahead of time by ABC, was celebrated by fans of the show, thousands of whom sent well-wishes on social networking Web sites. Many of them watch the show specifically for Ms. Roberts, who is, according to industry research, the most-liked host on any American morning news show by a wide margin.

“After 173 very long days, it’s beautiful to get back to business as usual with our full team and two more wonderful regulars,” said Ben Sherwood, the president of ABC News, in an interview before Wednesday’s broadcast. The two regulars he mentioned were Elizabeth Vargas and Amy Robach, who took turns filling in while Ms. Roberts was away. They will continue to show up regularly on “G.M.A.,” he said.

But the “G.M.A.” co-host chair next to George Stephanopoulos is Ms. Roberts’s chair once again, as Mr. Sherwood pledged it would be when she signed off.

Her return on Wednesday defied the expectations of some television industry observers who predicted she’d be unwilling or unable to anchor ever again. It also gave ABC fresh optimism that “G.M.A.,” with Ms. Roberts back in her chair, can continue to beat NBC’s “Today” show, which last year was dislodged from the top spot in the morning ratings after 16 straight years.

Most of all, her return closed a chapter in a story that started almost exactly one year ago, when Ms. Roberts felt exhausted while covering the 2012 Academy Awards in Los Angeles for ABC. Subsequent tests by her doctors found that she had M.D.S., short for myelodysplastic syndromes, a rare and debilitating blood disorder, likely resulting from her treatment for breast cancer five years earlier.

Ms. Roberts was officially given the diagnosis on the same week in April that “G.M.A.” beat “Today” for the first time. She told “G.M.A.” viewers about the diagnosis two months later, in mid-June, and took a medical leave of absence at the end of August so she could undergo a bone-marrow transplant.

Ms. Roberts told viewers she’d be back on “G.M.A.” as soon as she could. But no one knew for sure how long she would be away, if she survived at all. Nor could anyone at ABC think of any precedents for a lengthy leave of absence like hers.

“It was completely uncharted territory,” Mr. Sherwood said. The closest things to it were weeks-long maternity leaves, and the one thing ABC was determined not to repeat: a departure like that of Peter Jennings, the longtime “World News Tonight” anchor who abruptly came onto his newscast one day in April 2005, announced he had lung cancer, said “I will continue to do the broadcast,” but never came back.

Mr. Jennings died four months after making the announcement, and the circumstances were traumatic for viewers as well as for ABC staff members. For that reason – as well as for the more obvious ones involving ratings and reputation – ABC decided to make Ms. Roberts a part of “G.M.A.” even while she was in the hospital recuperating from the transplant. Mr. Stephanopoulos and the other co-hosts mentioned her by name at least once every half-hour, and they shared her Twitter messages and photos on TV regularly.

ABC executives and producers emphasized that they were taking their cues from Ms. Roberts every step of the way, and she has said the same thing in interviews. She’s returning now, they said, only because her doctors say she is ready.

On Tuesday night, Ms. Roberts had a quiet dinner at home with her sisters, one of whom was her bone marrow donor. “We laughed and told old family stories,” she said in an early morning text message. “This is a wonderful new chapter for all of us.”

Nonetheless, morning TV is big business, and there have been grumblings that ABC has exploited her condition for ratings gains. Last July, two weeks after NBC removed Ann Curry from “Today,” spurring a big lift in the ratings for “G.M.A.,” the “Today” show executive producer Jim Bell wrote in an e-mail to senior producers that the competition was “using Robin’s illness and the accompanying public interest in her health as a new weapon in its arsenal.”

More recently, some media critics have censured “G.M.A.” for over-covering Ms. Roberts’s impending return; a steady stream of commercials featured a bevy of celebrities welcoming her back. But for the most part, viewers have been rooting for Ms. Roberts and for her television family, which remained No. 1 in the morning ratings race while she was away.

Among total viewers, “G.M.A.” celebrated six straight months of wins earlier this month and started to describe it as a streak, mimicking the way “Today” used to talk. Among the 25- to 54-year-old viewers that help the shows make money, “G.M.A.” stayed slightly ahead of “Today” while Ms. Roberts was absent. Within ABC, there is a quiet hope that her return will propel the show to a firmer victory among 25- to 54-year-olds.

Mr. Sherwood ducked questions about the ratings, but said, “This experience has reminded us to take nothing for granted – and, like Robin herself, in many ways we feel like we’re just getting started.”

Even the most cynical “G.M.A.” producers – interviewed on condition of anonymity, because they were not authorized by the network to speak – pointed out that Ms. Roberts’s story could have ended very differently. “It doesn’t matter about ratings” on Wednesday, one such producer said in between emotional expletives. “She is alive!”

She came closer to death last year than ABC readily acknowledged at the time. For three months after the transplant, since her newly-booted immune system was like a newborn’s, she stayed in isolation, first in a New York hospital and then in her home.

Interviewed by People magazine, which put her on the cover last week, Ms. Roberts said she was warned that “at one point I would feel like dying.” Shortly after the transplant, that came true, she said: “I was in a pain I had never experienced before, physically and mentally. I was in a coma-like state. I truly felt like I was slipping away. Then I kept hearing, ‘Robin! Robin!’” The voice belonged to a nurse, who Ms. Roberts said was “pleading for me to stay here. And thankfully I did. I came back.”

In December, Ms. Roberts stepped out in public view, and a few weeks ago she started coming to the “G.M.A.” studio on so-called dry runs for her return to the co-host chair. She’ll re-emerge gradually, for a few days a week at first, depending on how she and her doctor feel about how it’s going, which partly explains why Ms. Vargas and Ms. Robach will remain regulars on the show.

On Tuesday afternoon, the “G.M.A.” staff were briefed by Tom Cibrowski, the show’s executive producer, about what one staff member called the “rules of Robin’s return,” which include health tips to ward off the transmission of the common cold and other illnesses. Among them: “elbow bumps instead of hugs and kisses,” the staffer said, and ample use of the hand sanitizer dispensers around the studio.

There was long and sustained applause for Mr. Stephanopoulos during the meeting. “George is really the unsung hero,” said another staff member. “He kept the team together.”

Ms. Roberts’s return was even cause for a temporary cessation of hostilities between “Today” and “G.M.A.” “Today” sent a gift basket to the “G.M.A.” studio and welcomed Ms. Roberts back to the morning beat during the show’s 8 a.m. hour. Don Nash, who succeeded Mr. Bell as executive producer of “Today” two months ago, said in an e- mail on Tuesday night, “Robin is an outstanding broadcaster, a great colleague and friend to so many. All of us at ‘Today’ wish her continued good health and years of hitting the 3 a.m. snooze button!”

Article source: http://mediadecoder.blogs.nytimes.com/2013/02/20/robin-roberts-returns-to-good-morning-america/?partner=rss&emc=rss

DealBook: Credit Suisse Discloses U.S. Inquiry Into Private Banking

An office of the Swiss bank Credit Suisse in Zurich.Arnd Wiegmann/ReutersAn office of the Swiss bank Credit Suisse in Zurich.

Credit Suisse said Friday it had been notified that it was the object of an investigation by the United States Department of Justice, citing “a broader industry inquiry.”

The Swiss bank said that it had previously received subpoenas and other information requests from the Justice Department and other government agencies regarding cross-border services that its private banking arm provided to American clients.

“We will continue to cooperate with the U.S. authorities in an effort to resolve these matters,” the bank said.

Four private bankers tied to Credit Suisse were indicted in the United States in February for helping Americans evade taxes. Marco Parenti Adami, Emanuel Agustoni, Michele Bergantino and Roger Schaerer, who were linked to two other private banks in Switzerland, and one in Israel, were accused of conspiracy and fraud.

The bankers, three of whom had left Credit Suisse before they were indicted, were accused of helping American clients set up offshore accounts under false names, and shifting money from Credit Suisse accounts to smaller Swiss private banks.

At the time, Credit Suisse said it was not the object of an investigation by the Justice Department, and industry observers thought it might be able to strike a deal with American authorities by paying a fine, much like UBS did in 2009.

The announcement Friday raises the stakes for Credit Suisse. UBS paid a $780 million fine and handed over data on thousands of clients to avoid a conviction in a similar case that could have cost it its banking license in the United States.

In March, an American, Edward Gurary, pleaded guilty to tax evasion and admitted hiding assets not only at UBS, but also Credit Suisse.

The Justice Department began its investigation of Credit Suisse’s private banking operations, along with those of its rival HSBC, in 2008, as an outgrowth of the UBS investigation. The inquiry began by focusing on whether the two banks had $30 billion in offshore accounts that Americans had not declared to the Internal Revenue Service.

Last month, Steven Miller, the deputy commissioner for services and enforcement for the I.R.S., said at conference on taxation in Washington that authorities planned to take action against one or more banks soon, without mentioning any by name, an attendee at the meeting said.

Credit Suisse has tangled with the department before, and lost. In December 2009, Credit Suisse paid $536 million to settle charges that it had broken American sanctions by helping Iranian banks to hide the identity of their clients in international dealings.

Spokespeople for the Department of Justice and the Internal Revenue Service declined to comment.

Article source: http://feeds.nytimes.com/click.phdo?i=95001dbc864c9fc1b48e5ae550468c9b