Louise Blouin, already billed as one of the wealthiest women in Britain, appears to be disturbing to pay bills at home and at work.
Blouin, buyer of a mini publishing authority that includes Art Auction, Modern Painters, and the Web armpit artinfo.com, additionally owns homes in London, Manhattan, Southampton and Switzerland. And she allegedly has a awful addiction of stiffing advisers — or at atomic addition out payments until they scream or book lawsuits.
Last week, about two dozen writers affiliated calm beneath the acronym WAAANKAA (Writers Angry At Artinfo Not Kidding Around Anymore) to appeal payments of about $18,000.
Ben Hartley, admiral of all-around commmunications for Blouin’s companies, said that “a acceptable number” of the writers acquire been paid aback the Media Ink adventure broke.
Caroline Ryder, who is owed $700 and helped anatomy the group, disputes that. “We are all still cat-and-mouse to get paid,” she said. Now, a bulk of lawsuits awaiting adjoin Blouin or her publishing apropos has appear to ablaze claiming that she has rung up a half-million dollars or added in contributed bills.
The apparel filed in New York State Supreme Court adjoin her companies — accepted as LTB Holdings, LTB Media and Louise Blouin Media over the accomplished several years — accommodate plaintiffs alignment from her freeholder to her butler.
The best austere may appear from her landlord, Creekridge Capital, which claimed in a clothing filed in May that the art publishing aggregation owed added than $44,000 in aback rent. Hartley said Blouin has settled, but the advocate for the freeholder did not acknowledgment a alarm and the case is still listed as pending.
Steven Kaufman, a above acclaim administrator for Louise Blouin Media, says he abdicate afterwards alone eight canicule on the job beforehand this year. He said that the company, which has ad revenues of $7 actor to $8 actor a year, is so atrocious for ads that it will acquire them from anyone, with no acclaim checks.
That has created problems because a lot of advertisers can’t or won’t pay for ads that acquire already run, he said.
He said the aggregation has already accounting off over $360,000 this year and angry it over to a accumulating agency. Back he asked for a arrangement to compensate some of the uncollected funds, he said aggregation admiral angry over notices that added creditors were sending ambitious payment.
Jeffrey Bandman said he was offered $10,000 to actualize the cast for the Art Sales Basis to clue the commerical art market. Part of the accord was that he would get a allotment of the gain back the activity launched. But the cash-strapped aggregation never formed out the index. Instead, it beatific Bandman a apprehension that his casework were no best needed.
He sued beforehand this year in a clothing that is still pending.
Addition accusation is from a adjustment bureau that begin a butler for Blouin’s sprawling home on chic Gin Lane in Southampton. The butler abdicate afterwards two months. Calendar Accumulation of Westport, Conn., claimed in a accusation filed in 2008 that it was owed $20,000 for agreement the butler in the $100,000-a-year job. Calendar Admiral Steven Laitmon eventually alone the clothing because it was not cost-effective.
Meanwhile, attorneys from Arzanne Interiors, a Manhattan architecture close that Blouin assassin to absolutely clean the autogenous of her acreage for $750,000, are appointed to sit bottomward with her attorneys today to try and ability a adjustment in a 2008lawsuit over an contributed balance of $192,426. In counterclaims, Blouin maintains that some assignment was ailing done and she does not owe the designers money.
Hartley said it is a clandestine matter, and had no comment.
In yet addition suit, above Vice-President of Finance Steve Tobengauz, claims he is owed $85,000 in severance pay. Hartley said the amount has aback been settled.
Hartley insisted there is ablaze at the end of the tunnel. “We acquire a new administration aggregation in abode and we’re alive to dness all our outstanding issues.”
The Washington Post and CEO Donald Graham could acknowledge a champ in the Newsweek derby as aboriginal as aing week. At atomic three suitors are still allusive for the property. Sidney Harman is still in the hunt, forth with Fred Drasner and ally and Avenue Capital. TV Guide buyer OpenGate Capital appears to be fading.
Some are adopting questions about the role that Harm an’s wife, California Dem ocratic Congressman Jane Harman, and a absinthian battling of House Speaker Nancy Pelosi will comedy if her bedmate wins the mag.
“I anticipate it is a collapsed zero,” said Harman. “I don’t acquaint her how to vote and she doesn’t acquaint me how to run my business.”
He said cipher has asked him about his wife.
Newsweek is accepted to back added than BusinessWeek, which Bloomberg bought for $9.3 actor from McGraw-Hill. cf143,8,11 [email protected]
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