New York Times Company CEO Plunks Down Seven Figures for ‘Dilapidated’ Four-Bedroom

Perhaps it’s time for Merriam-Webster’s One-Percenter Dictionary. Because as noted this afternoon on Twitter by Michael Calderone and HuffPost Media, this rarefied group’s definition of English-language words can be a little different than yours or ours.

The Twitter discussion was sparked by an article by The Real Deal Web producer Mark Maurer. The item details the purchase by New York Times Company CEO Mark Thompson and his wife of a $3.4 million unit in Upper West Side cooperative The Cornwall:

Lynn Sullivan of Brown Harris Stevens represented the seller, while Jeffrey Silverstein of Douglas Elliman represented the buyer. The seller was John Ziegler, who lived there for about 35 years and wanted to scale down, Sullivan said.

“The seller didn’t want anyone to rip it apart, but this couple was interested in restoring it,” Sullivan told The Real Deal. “They said, ‘We can see the treasure in a dilapidated castle.’”

It’s not clear – or even necessarily corroborated – who specifically used that word: Thompson, his wife, both or neither. For the purposes of this item, we’ll take Ms. Sullivan at her word and congratulate the Thompsons on being able to afford the kind of dilapidation well beyond the reach of most other NYC English-language speakers.

[Image courtesy:]

@hollywoodspin Richard Horgan is co-editor of Fishbowl.
Publish date: December 11, 2013 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT