Black Helped Zuckerman the Daily News Owner Cash In
Back when Black was CEO of Hearst, she sold several buildings in the 55th Street area to Boston Properties and Madison Equities for $160 million, according to theObserver. Zuckerman and Madison Equities had planned to build an 850,000-square-foot office tower at 250 West 55th Street, but plans fell through in February of last year. In 2001, the News was the only big daily to endorse Bloomberg. Of course, at that time, Bloomberg held a half-million dollars in stock in Boston Properties, as reported by the Voice in 2008. In fact, Zuckerman himself has endorsed every candidate that Bloomberg has, including Reshma Saujani, who was widely criticizedfor her close ties to Wall Street. The relationship between Bloomberg and Zuckerman doesn't end there. The mayor signed off on air rights for Zuckerman's property on 250 West 55th, the same parcel Black's company sold to Boston Properties.* Cathie Black Gets a Free Pass from Business Pal Mort Zuckerman's Editorial Page (Village Voice)
