NY Phil/Carnegie Merger – An Ill-Fated Venture

The New York Philharmonic/Carnegie Hall merger was ill-fated from the start, writes Charles Michener. “It was never going to happen. As we now know, the whole farrago was cooked up by Sanford I. Weill, the megabanker who heads Carnegie’s board, and his counterpart at the Philharmonic, Paul B. Guenther. And for all the spin about the orchestra’s glorious return to the place where it flourished before its move to Lincoln Center in 1962, it seems clear that the scheme had nothing to do with nostalgia or concern for the public good. In keeping with the merger mania that has corrupted so much of the product delivered by our media and entertainment leviathans (General Electric, which owns NBC, has just added Vivendi Universal’s entertainment division to its list of household appliances), the deal was all about the bottom line.”