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☆ Seeking nominations for the 2023 rising stars of Madison Avenue
▼ + stars: | 2023-09-25 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

Insider is seeking nominations for its annual list of the rising stars of Madison Avenue. AdvertisementAdvertisementInsider is looking for nominations for our annual list of the rising stars of Madison Avenue, and we want to hear from you. Criteria and methodologyAdvertisementAdvertisementThe list will profile ad agency talent across departments at traditional agencies as well as consulting firms. We will look at factors including the nominee's role, responsibilities, and impact on their agency or firm and the industry. Submit your nominations here and include as much detail as to why your nominee deserves to be recognized.

Organizations: Madison, Morning

☆ Apple CEO Tim Cook appears in New York to celebrate iPhone 15 release
▼ + stars: | 2023-09-22 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook greets customers purchasing Apple’s new iPhone 15 during a launch event at the Fifth Avenue Apple Store in New York City on Sept. 22, 2023. Apple CEO Tim Cook opened the company's Fifth Avenue store Friday in New York to celebrate the official release of the iPhone 15 lineup, the Apple Watch Series 9 and the Apple Watch Ultra 2. Apple announced its new devices at its annual launch event earlier this month, and preorders opened Sept. 15. The new iPhone 15 lineup starts at $799 and features a USB-C charging port and a new titanium exterior. Customers can purchase the new devices at their nearest Apple Store or online.

Persons: Tim Cook, CNBC's Steve Kovach, Cook, preorders, Max, Kif Leswing Organizations: Apple, Fifth, Counterpoint Research, Bank of America Locations: New York City, New York, Madison

☆ 13 Hollywood production companies making brand films that streamers like Netflix and Apple want to buy
▼ + stars: | 2023-08-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

said Marc Gilbar, who runs the brand division at Imagine Entertainment. Some are also looking to brand films to offset some of the revenue they're losing in the dual Hollywood strikes. (Brand films are often unscripted and thus aren't governed by the Hollywood unions.) They also see brand work being a positive for below-the-line workers who are idled by the work stoppage. Led by EVP Kate Oppenheim, Tribeca Studios' projects have included "We Could be King" (ESPN2) for Dick's Sporting Goods and P&G's Queen Collective series (BET).

Persons: Ben Silverman, Issa Rae's Hoorae, Kevin Hart's Hartbeat, Julian Jacobs, we've, Marc Gilbar, Samuel L, Jackson, Emma Stone, Zac Ryder, Olivia Wilde, Laurene Powell Jobs, Caitlin McGinty, It's, James Gay, Rees, Paul Martin, Kevin Hart's, Hart, Hartbeat, Brian Price, Chase Sapphire, Procter, Reese Witherspoon, Zoe Fairbourn, Ron Howard, Brian Grazer's, Ron Howard's, Bryce Dallas Howard, Gilbar, Rocco DiSpirito, General Mills, Rupert Maconik's Saville, Werner Herzog, Barry Levinson, Sugar23, Oscar, Michael Sugar, Trevor Noah's, he's, Kennedy, Matt Rotondo helms, Sugar, Mike Beck, Alexa Conway, Trevor Noah, Kate Oppenheim, HBO Max, Paul McCartney, Mary McCartney Ventureland, Kerstin Emhoff, Paul Hunter, John Battsek, Stacy's Pita Chips, Will, Jada Pinkett, REI, Gargi Organizations: Hollywood, Brands, Mattel, Netflix, Apple, UTA, Imagine Entertainment, Producers, Adobe, IBM, Anonymous, HP, Afghan Girls National Soccer Team, Showtime, Pepsi Boardwalk Pictures, Relativity Media, Super, Pepsi, REI, Unilever, Marriott, Surf League, Major League Soccer, Sam's, Gamble, Weinstein Co, Hulu, Imagine, Paramount, Saville Productions, Disney, Time Studios, Procter & Gamble, Anheuser, Busch, InBev, CAA, Studios, MSNBC, ABC, NBC, Tribeca Studios, Dick's Sporting Goods, HBO, CNN, Mobile, Stacy's, Everest, Vice Studios, Westbrook Media, Meta, Logitech, Samsung Locations: Hollywood, Subway, Magnolia

☆ Rudy Giuliani puts luxury Manhattan apartment on the block for $6.5 million
▼ + stars: | 2023-08-07 | by ( Jack Newsham | Mattathias Schwartz | ) www.businessinsider.com time to read: +3 min

Rudy Giuliani's 3-bedroom Upper East Side co-op apartment just hit the market. The listing comes after Giuliani appeared as a co-conspirator in Trump's latest indictment. It's not clear why Giuliani is selling the unit, which he has owned for several decades. Despite his history as a prominent prosecutor and mayor of New York City, Giuliani, whose New York law license has been suspended, has had liquidity issues in the past. In 2022, a judge said Giuliani would be locked up if he didn't pay his ex-wife Judith Giuliani over $200,000 in alimony.

Persons: Rudy Giuliani's, Giuliani, Trump's, Rudy Giuliani, Donald Trump's, Donald Trump, Joe DiMaggio's, Ted Goodman, couldn't, Robert Costello, Serena Boardman didn't, Judith Giuliani Organizations: Service, Sotheby's Realty, FBI, Joe DiMaggio's Yankees, Village Voice, Giuliani, Cameo Locations: Wall, Silicon, Ukraine, Central, New York City, York

☆ New Yorkers Got Broken Promises. Developers Got 20 Million Sq. Ft.
▼ + stars: | 2023-07-21 | by ( Urvashi Uberoy | Keith Collins | ) www.nytimes.com time to read: +15 min

These agreements allow developers to build larger towers and earn more revenue in exchange for providing public spaces. “Developers received something that was disproportionately valuable,” said Jerold S. Kayden, a lawyer and professor of urban planning and design at Harvard University and an advocate for keeping privately owned public spaces open to the public. Bonus Building Space The additional space that developers received is often far larger than the public spaces they provided. Here are the 392 buildings with privately owned public spaces. The violations fall under three main categories:Reduced Access In 2021, the plaza at 835 Sixth Avenue was fenced off.

Persons: Jonathan J, Miller, Richard J, Roddewig, ”, Jerold, Kayden, Gale Brewer, ” Ms, Brewer, “, Larry Silverstein, Mr, Silverstein, Melissa Grace, David Rubenstein Organizations: of Buildings, Advisory Services, “, Harvard University, New York’s Department of City Planning, Municipal Art Society of New, The Times, greenwich, madison, Database, New York City Department of City Planning, Department, Environmental, Buildings, Department of, Planning, City, The, of City Planning, Department of City Planning, Wall, Lincoln Center, Times, MANHATTAN BRONX, Yorkers, Real, Board, New, Google Locations: New York City, Central, Municipal Art Society of New York, pennsylvania, greenwich, lincoln, “, Manhattan, MANHATTAN BRONX QUEENS BROOKLYN, New York, AKAM, Brooklyn

☆ How the scammer selling NYC socialites fake Birkins got caught
▼ + stars: | 2023-07-17 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +3 min

George Mickum, Gillian Hearst's former BFF, sold the heiress and his other rich friends fake Birkins. But the first red flag should have been a forged Hermès receipt that featured the wrong font. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later. It was floppy, like a bouncy castle that had lost half its air, instead of having the architectural stiffness of a real Hermès bag. The HAC was one of at least six fake Hermès bags Mickum had sold to friends, including Hearst.

Persons: George Mickum, Gillian Hearst's, Courroies Birkin, Mickum, Alexis Clarbour, Clarbour, —, Mickum's, Goodman, who'd, Hearst Organizations: Service, New, Rue du Faubourg Saint, Madison, Couture, Nike, Hearst Locations: Wall, Silicon, New York, Paris, Rue, Clarbour

☆ How 'Birkin Bandit' George Mickum Infiltrated NYC Society
▼ + stars: | 2023-07-12 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +52 min

"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.

Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, —, Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine

☆ Officine Generale loosens classic styles at Paris Fashion Week
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +1 min

[1/5] Designer Pierre Maheo gestures next to models who present his creations for the fashion brand Officine Generale as part of its Menswear ready-to-wear Spring/Summer 2024 collection show during Men's Fashion Week in Paris, France, June 23, 2023. REUTERS/Gonzalo FuentesPARIS, June 23 (Reuters) - French fashion label Officine Generale showed a breezy lineup of relaxed tailoring on the runway on Friday as part of Paris Fashion Week. "The goal was to really manage to work on looser, more supple shapes for suit jackets," the label's founder and designer, Pierre Maheo, said. The collection, which included looks for men and women, featured slouchy trousers and dressy jackets, lightweight overcoats and cotton trousers with elastic waists. Paris Fashion week's menswear shows, which wind up on June 25, feature dozens of labels ranging from some of the biggest fashion names like LVMH-owned Louis Vuitton and Dior, as well as Hermes, to smaller, emerging brands.

Persons: Pierre Maheo, Gonzalo Fuentes PARIS, Louis, Mimosa Spencer, Sandra Maler Organizations: Generale, REUTERS, Monnaie, Left Bank, Paris, Louis Vuitton, Dior, Thomson Locations: Paris, France, United States, New York

☆ Aja Monet, a Musical Poet of Love
▼ + stars: | 2023-06-08 | by ( Marcus J. Moore | ) www.nytimes.com time to read: +1 min

A crowd that included musicians and actors filled the Gagosian Gallery on Madison Avenue earlier this spring to hear the poet and community organizer Aja Monet speak about the subtleties of Black love, joy and uncertainty. But for Monet, there was only one celebrity in the room: Bonnie Phillips, her former college adviser, who sat rapt in the front row. “I remember her suggesting what schools to go to and it wasn’t Harvard, you know what I mean?” Monet said in a recent video interview from her home in California. Recalling her high school years in New York, Monet said she asked a lot of questions in class but didn’t have the best grades: “I think I was way more just opinionated and outspoken.”She remains both on her debut album, “When the Poems Do What They Do,” a fluid mix of jazz and poetry out Friday that evokes the spirit of 1990s spoken-word scenes. Featuring a who’s who of instrumentalists she’s known over the years — Chief Xian aTunde Adjuah on trumpet, Samora Pinderhughes on piano, Elena Pinderhughes on flute, Weedie Braimah on djembe and Marcus Gilmore on drums — the LP is a nuanced exploration of Blackness.

Persons: Aja Monet, Monet, Bonnie Phillips, ” Monet, she’s, Xian aTunde Adjuah, Samora Pinderhughes, Elena Pinderhughes, Weedie, Marcus Gilmore Organizations: Madison, Harvard Locations: California, New York, djembe

☆ Whitney Museum Sells Breuer Building to Sotheby’s for About $100 Million
▼ + stars: | 2023-06-01 | by ( Robin Pogrebin | ) www.nytimes.com time to read: +1 min

The deal — which Sotheby’s and the Whitney refused to confirm in response to queries from The Times in April — finally resolves the fate of the Breuer building, which has hung in the balance since the Whitney moved down to the meatpacking district in 2015. Would the Whitney ultimately take back the building and operate uptown as well as downtown? Would the Breuer building end up as some wealthy person’s private residence or a fancy retail store? What was the Whitney without Breuer? But Lauder ultimately became a convert to the new location and it was named for him: the Leonard A. Lauder Building.

Persons: Parke, —, Breuer, Whitney, Leonard A, Lauder, ” Lauder, “ Organizations: Whitney, Times, Hudson Yards Locations: Madison, meatpacking, Manhattan

☆ Elon Musk's Twitter is moving deeper into programmatic advertising as it attempts to revive revenue
▼ + stars: | 2023-05-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Twitter is going to make its ad inventory available to buy on the open programmatic market for the first time. The company is entering into a partnership with adtech company InMobi, and has been speaking with other ad vendors. Twitter had had ongoing conversations with multiple adtech vendors about partnerships for months, according to people familiar with the matter. Insider Intelligence last month slashed its forecast for Twitter's 2023 ad revenue to $2.98 billion, down 37% on its October projection for the same period. The move to work with external programmatic advertising vendors comes more than a year after Twitter sold its mobile advertising network to MoPub to gaming and adtech company AppLovin for $1.05 billion.

☆ How JPMorgan plans to spend $15 billion this year on technology, including AI development, cyberattacks, and wage inflation
▼ + stars: | 2023-05-25 | by ( Emmalyse Brownstein | Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

It said it plans to spend $15.3 billion on tech this year, up $1 billion from last year. The bank's tech spending is estimated to grow by $1 billion this year to $15.3 billion, including salaries for engineers, stepped-up cybersecurity efforts, and AI innovation. The regional banking crisis, meanwhile, could end up costing it $6 billion, including the cost of First Republic Bank. He did, however, outline the qualities he thinks would make for a good replacement CEO, including grit and courage. JPMorgan unleashed hundreds of slides on Monday to reassure investors that its growth and spending strategy is on the right track.

☆ JPMorgan just unleashed hundreds of slides to investors. Here are 11 key graphs that lay out its strategy for managing rising costs, lower M&A, and its purchase of First Republic.
▼ + stars: | 2023-05-22 | by ( Emmalyse Brownstein | Hayley Cuccinello | ) www.businessinsider.com time to read: +2 min

One bright spot is First Republic Bank, which will boost net income interest by $3B this year. A tray of First Republic chocolate cookies served at JPMorgan's Investor Day Hayley CuccinelloOne bright spot was the bank's acquisition of First Republic Bank earlier this month. While the investment will increase the bank's costs by as much as $3.5 billion, the bank is already seeing the deal pay off. JPMorgan expects, for example, to generate $84 billion in net interest income this year, including $3 billion from the San Francisco bank. JPMorgan unleashed hundreds of slides on Monday to reassure investors that its growth and spending strategy is on the right track.

☆ Tucker Carlson’s Twitter Show Complicates Elon Musk’s Bid to Win Back Advertisers
▼ + stars: | 2023-05-11 | by ( Suzanne Vranica | Patience Haggin | ) www.wsj.com time to read: 1 min

Former Fox News host Tucker Carlson calls the social-media platform the ‘last big one’ that allows free speech. Photo: Tucker CarlsonTucker Carlson ’s announcement that he is moving to Twitter isn’t getting an enthusiastic reception on Madison Avenue, as many advertisers are already skittish about spending on the Elon Musk-owned social-media platform. Mr. Carlson said Tuesday that he is launching a show on Twitter, just weeks after Fox News canceled his nightly telecast. Mr. Carlson was one of Fox’s most popular anchors, but his controversial brand of programming repelled blue-chip advertisers, and he was the target of organized advertiser boycotts.

☆ Opinion: Happiness is a trap. Here’s what to pursue instead
▼ + stars: | 2023-05-09 | by ( Opinion Monica C. Parker | ) edition.cnn.com time to read: +10 min

Monica C. Parker Elena RossiniBetween chief happiness officers, the Happy Planet Index, Gross National Happiness, and the World Happiness Report (Finland scored the highest again this year), it seems as though happiness has some good PR. This one is: What if we’re so fixated on happiness that we’ve failed to question whether happiness is what we should be pursuing? We resist negative emotions such as sadness or fear at our peril. Even better than embracing your negative emotions is embracing both positive and negative emotions at the same time. Wonder makes us less stressed and feel like we have more time.

☆ The CEOs of the world's biggest advertising companies just outlined how AI is about to transform their businesses
▼ + stars: | 2023-04-28 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Advertising agency CEOs are eager to signal their companies' AI expertise to Wall Street. Speaking on this quarter's earnings calls, executives at the world's largest advertising agency groups also outlined some of their recent AI client projects and technology task forces. "What's changed over the last six months is the application of AI through generative AI into the creative process," Read said. Omnicom is running more than 20 projects where it combines Omnicom's historical data with GPT's automation technology, Wren said, though he didn't specify exactly how it was being deployed. That will require more creative assets, Sadoun said on the Publicis earnings call.

☆ Warner Bros Discovery reveals pricing, promotion, and content details of its new streamer, Max, as it aims to take on Netflix and fire up Wall Street
▼ + stars: | 2023-04-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Called Max, the app will feature content from HBO Max and Discovery+. Discovery announced the details of its new streaming app on Wednesday, after much anticipation from Hollywood and Madison Avenue. The prices will stay the same for HBO Max subscribers, who will begin to be automatically ported over to the new service. Presenting the entire WBD content catalog on the combined streamer without diluting HBO's prestige factor was another challenge. HBO Max has greater recognition with younger consumers, according to a new Samba TV/HarrisX poll, which could help grow awareness for Discovery+.

☆ The coming commercial real estate crash that may never happen
▼ + stars: | 2023-04-09 | by ( Tim Mullaney | ) www.cnbc.com time to read: +10 min

"There's a lot of headaches about calamity in commercial real estate," said Kevin Fagan, director of commercial real estate analysis at Moody's Analytics. But credit in commercial real estate has performed well until now, and it's far from clear that U.S. credit issues spreading outward from real estate is likely. Analysts raised concerns that developers might default on a big chunk of $3.1 trillion of U.S. commercial real estate loans Goldman Sachs says are outstanding. "We're well aware of the concentrations people have in commercial real estate," Powell said at a March22 press conference. But there are reasons to believe lending issues in commercial real estate will be contained, Fagan said.

☆ Potential TikTok ban sends advertisers scrambling
▼ + stars: | 2023-03-23 | by ( Sheila Dang | ) www.reuters.com time to read: +5 min

In recent discussions with ad buyers, TikTok representatives have stuck to the company's current talking points. TikTok employees have played up ongoing plans to separate the user data of Americans and store it in the country. In a section of the email titled "Can the Chinese government request TikTok U.S. user data?" Even with talk of a ban, most advertisers have not changed their spending plans on TikTok, media buyers said, because discussions of a ban have lingered since 2020 without any result. "A ban isn't a ban until it's a ban," he said.

☆ A lot of money is on the line for women's pro soccer in the U.S.
▼ + stars: | 2023-03-21 | by ( Jessica Golden | ) www.cnbc.com time to read: +9 min

Restore faith in women's soccer and grow the business. The league averaged 37 sponsorship deals per team, which is more than any other women's sport, according to sports data and intelligence platform Sponsor United. Women's pro soccer valuations are also soaring. NWSL commissioner Jessica Berman speaks during the 2023 NWSL Draft at the Pennsylvania Convention Center on January 12, 2023 in Philadelphia, Pennsylvania. Culture changeOL Reign forward Megan Rapinoe (15) scores on a penalty kick during the second half of the National Womens Soccer League game between NJ/NY Gotham FC and OL Reign on September 21, 2022 at Red Bull Arena in Harrison, New Jersey.

☆ Exclusive: Irenic Capital urges Theravance to conduct review, add shareholder to board
▼ + stars: | 2023-02-27 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 27 (Reuters) - Activist investor Irenic Capital Management is urging Theravance Biopharma Inc (TBPH.O) to initiate a review of strategic alternatives, including a full sale, and to add a shareholder to its board, according to a letter seen by Reuters. Irenic owns a 4.2% stake in the biotechnology company and has criticized its lagging valuation and stock-based compensation to its chief executive and board chair, Rick Winningham. Irenic also called on Theravance to use excess cash to immediately issue a $300 million special dividend to shareholders. They suggested Dodge as a director candidate but wrote in the letter that the company rejected him as a candidate. Irenic is the latest hedge fund to propose changes at poorly performing biotech companies.

☆ The growing number of distressed office buildings reflects a recognition by owners and lenders that the robust return to office they had hoped for isn't likely to materialize
▼ + stars: | 2023-02-22 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Office owners like Brookfield, RXR, and Related are in the process of defaulting on office loans. Some of real estate's biggest names have defaulted on their office debt in recent weeks. The delinquency rate for office loans is only 1.83% now, according to Trepp, a firm that researches real-estate debt. Loans come dueOver this year and next year, 24% of commercial real estate loans will be coming due, many of them office loans, per Hendry. Office buildings, from the newest and shiniest Class A towers to the older and less-sexy Class B buildings, were a pretty safe investment, as long as they were in the right locales.

☆ Amazon is the latest threat to Facebook as ad targeting suffers
▼ + stars: | 2023-02-10 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +11 min

"So many people start their shopping on Amazon," Hassett said in an interview. People take selfies in front of the logo of Facebook parent company Meta on November 9, 2022 in Menlo Park, California. Liu Guanguan | China News Service | Getty ImagesFor Loftie, Amazon and Google provide better value because a shopper is showing intent by searching for a particular item. "In the near term, we expect Meta ad share to decline further in '23 given macro headwinds and the pivot to Reels," they wrote. Rachel Tipograph, CEO of marketing technology firm MikMak, said there are other unforeseen costs tied to Amazon advertising.

☆ Apple is looking for a top sales executive to spearhead a giant advertising push in sports and streaming. Here are 16 execs who could score the job.
▼ + stars: | 2023-01-19 | by ( Claire Atkinson | Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +15 min

Netflix also conducted a search before hiring two Snap executives, Jeremi Gorman and Peter Naylor, to lead its new ads business. XandrLesser, a longtime digital ad executive, has extensive experience working on issues around the future of digital marketing. McDonald has a ton of other digital ad sales and publishing experience. She helped launch Modi Media, ad buying giant GroupM's addressable TV business, before joining TV adtech startup Cadent. UnivisionValentino runs Disney's digital ad business as EVP, client and brand solutions.

☆ Apple is searching for a head of ad sales as its streaming TV and sports ambitions grow
▼ + stars: | 2023-01-11 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +4 min

Apple has a recruitment firm searching for a top TV and streaming executive to head up its ad sales. The search suggests the company may be considering an ad-supported tier for Apple TV+. Recruiters are quietly working on a search for a head of ad sales, according to a person familiar with conversations. This new executive search indicates that Apple has plans to create an ad tier for Apple TV+. An ad executive familiar with plans said Apple was negotiating a major beachfront presence this year.

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