He was the real Marty Supreme's landlord. Now he's New York's king of talk radio - BERITAJA
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Some billionaires put their money into abstraction rocket launches. Others put successful longevity treatments to widen their clip connected Earth.
But erstwhile New York market and lipid magnate John Catsimatidis tapped into his luck for a passion project, he chose WABC, an AM power position good past its glory years.
Catsimatidis , 77, acquired WABC successful 2019 and has turned it into the about listened to talk position successful the U.S., according to Nielsen data, reaching much than 400,000 listeners a week.
He is besides connected the aerial each time arsenic portion of the station’s award-winning evening programme “Cats & Cosby,” wherever he and seasoned journalist Rita Cosby clasp a regular salon pinch like-minded friends and big-name governmental figures.
In a windowed workplace overlooking Third Avenue successful midtown Manhattan, Catsimatidis could beryllium seen scrolling done his mobile telephone and looking arsenic if his mind is elsewhere while connected the air. But he quickly snaps into delivering a concise sentiment aliases mobility whenever Cosby directs him.
“John could look for illustration he’s taking a small spot of a nap, but he’s ever up of you successful the conversation,” said power advisor Jerry Crowley, who first gave Catsimatidis his ain programme astatine Salem Broadcasting’s WNYM.
Catsimatidis is among the circle of media commentators who speak regularly pinch President Trump, whom he’s known for 45 years and powerfully supports. The narration has made WABC portion of the nationalist governmental conversation.
In December, Trump revealed the U.S. military’s first onshore onslaught connected Venezuela to Catsimatidis during a greeting telephone into WABC, to the astonishment of immoderate nationalist information TV correspondents.
Catsimatidis whitethorn go moreover much well-known soon acknowledgment to his cameo domiciled successful the Oscar-nominated movie “Marty Supreme,” which will beryllium disposable April 22 to the 60 cardinal U.S. subscribers of streaming work HBO Max.
“Marty Supreme” head Josh Safdie formed Catsimatidis arsenic Christopher Galanis, a financial backer of the array tennis phenom played by Timothée Chalamet successful the film. Safdie told Vanity Fair he liked Catsimatidis’ “larger-than-life location business man” look, which he noticed erstwhile the mogul ran for New York City politician successful 2013.
Rita Cosby and John Catsimatidis successful WABC’s New York workplace pinch erstwhile NY Gov. David Paterson and Edward Cox.
(Justin Jun Lee/For The Times)
Catsimatidis added immoderate verisimilitude to the domiciled arsenic he erstwhile rented a basement flat to Marty Reisman, the array tennis champion who inspired the film.
“He put 20 pingpong tables successful there,” Catsimatidis said. “And he was specified a hustler. He’d springiness you 18 points and he’d still hit you.”
The little segment required 5 days of shooting. “Even though it was a symptom successful the ass to do truthful galore takes, I respect Josh for being a perfectionist,” Catsimatidis said during a caller question and reply astatine his office, wherever a sheet of peeled aliases trim caller consequence is ever nearby.
After the film’s Christmas merchandise Catsimatidis was getting calls from group he had not heard from successful years.
“I didn’t cognize really important a movie this was,” Catsimatidis said. “When Josh said he had a domiciled for me, I said, ‘OK. Why not? It’s a caller adventure.”
Catsimatidis has had much than his stock of adventures.
His begetter was a lighthouse keeper, surviving successful solitude connected the Greek land of Kandelioussa for 16 years earlier entering a family-arranged matrimony pinch his mother. The mates emigrated from Greece to the U.S. erstwhile Catsimatidis was a toddler.
Catsimatidis grew up successful West Harlem and studied electrical engineering astatine New York University. But he showed a talent for trading arsenic a teen erstwhile he hawked bottles of aftershave lotion retired of the trunk of his Buick. In the precocious 1960s, he bought retired a 50% stock successful an precocious Manhattan supermarket wherever he worked arsenic a clerk and, to the chagrin of his parents, dropped retired of assemblage to activity afloat clip successful the market business.
John Catsimatidis during a unrecorded broadcast of his WABC power show “Cats & Cosby” astatine the station’s New York studio.
(Justin Jun Lee/For The Times)
By the property of 25, he had opened 10 stores nether the sanction Red Apple and was earning $1 cardinal a year. In his 30s, he became a pitchy aviator and owned a location airline. Investments successful existent property and an lipid refinery he bought retired of bankruptcy person driven his existent nett worthy up to $4.8 billion, according to Forbes.
Business occurrence earned Catsimatidis a spot astatine the array successful nationalist politics. He backed the 1988 statesmanlike run of chap Greek American Michael Dukakis and donated to Bill Clinton. By 2016, he was aligned pinch Trump, arsenic are about of the hosts connected WABC, including Newsmax’s Greg Kelly and Fox Business Network’s Larry Kudlow.
Catsimatidis has been a fixture successful the New York tabloids for decades, not ever successful a affirmative measurement arsenic he’s had ineligible battles pinch unions astatine his businesses complete the years. He now deals pinch the occasional furors that originate erstwhile managing outspoken on-air personalities successful the existent divisive governmental media environment.
He fought pinch Rudy Giuliani, who is suing Catsimatidis for removing the erstwhile politician from his hosting domiciled astatine the position successful 2024. Giuliani was pulled disconnected the aerial aft he refused to extremity talking about mendacious claims of elector fraud successful the 2020 statesmanlike predetermination — a matter that costs Fox News $787 cardinal successful a defamation suit.
When WABC’s fiery greeting big Sid Rosenberg is mentioned, Catsimatidis bows his caput and performs the motion of the cross.
Rosenberg, a relentless Trump supporter, called New York Mayor Zohran Mamdani a “radical Islam cockroach” during an on-air rant past month. Catsimatidis had the big present an on-air apology and issued 1 of his ain online.
Catsimatidis, who is besides main executive of the Gristides supermarket chain, is nary instrumentality of Mamdani’s policies and is among the New York business types who declared they would time off the metropolis if the Democratic Socialist took office. But he said he maintains a cordial narration pinch Mamdani and offered proposal connected the mayor’s connection to unfastened city-run market stores.
“I don’t attraction if you’re a socialist, a Republican, a Democrat aliases an independent,” he said. “As agelong arsenic you person communal sense.”
Catsimatidis made millions from buying New York existent property connected the inexpensive successful the 1970s erstwhile the metropolis was successful heavy economical trouble. So he recognized a bargain erstwhile his Red Apple Media group bought WABC for $12 cardinal from Cumulus Media.
WABC was the about listened-to position successful the state during the heyday of apical 40 power successful the 1960s — riding the activity of the Beatles — and good into the ‘70s. The station’s booming 50,000-watt awesome astatine 770 connected the AM dial reached 40 states.
WABC switched to an all-talk format successful 1982 and boosted the careers of blimpish power personalities Rush Limbaugh and Sean Hannity.
The station’s fortunes declined nether Cumulus, which was crushed by indebtedness and losing crushed to caller title from integer media.
The challenges did not discourage Catsimatidis, who recalls listening to WABC connected his transistor power arsenic a student attending Brooklyn Tech High School successful the 1960s. He loves the station’s legacy, and brought backmost its celebrated jingles pinch the dial position and telephone letters put to the tune of Rodgers and Hart’s “Manhattan.”
Catsimatidis moreover hired 1 of WABC’s legendary disc jockeys, Bruce Morrow — known to millions of babe boomers arsenic Cousin Brucie. Morrow, now 89, plays oldies connected Saturday nights.
But the finance has gone beyond nostalgia. After taking over, Catsimatidis told its president, Chad Lopez, to driblet its play infomercials and switch them pinch locally produced shows. The determination meant stepping distant from $2.7 cardinal successful yearly revenue, but Catsimatidis insisted.
“John said, ‘I want to make WABC great,’” Lopez said. “Once we went to much unrecorded and section programming, you could spot the assemblage commencement coming in.”
The position besides reduced its commercialized load. A emblematic talk position carries up to 21 minutes of ads successful an hour. WABC carries about six to 8 minutes per hr astatine most.
WABC does not break retired its finances, but Catsimatidis said it turns a profit, which he puts backmost into the business. The position has expanded its integer presence, creating podcasts of its regular programs and bite-size versions of longer interviews connected the position for downloads.
Every spot of news made connected the station’s programs is quickly turned into societal media content. The livestream of the position attracts listeners successful each 50 U.S. states and 176 countries. WABC programs are syndicated to 532 power stations successful the U.S., including 16 successful California specified arsenic KINS successful Eureka.
Catsimatidis speaks of grandiose-sounding plans to return connected the BBC aliases switch the Voice of America pinch WABC content, while keeping an oculus retired for different distressed power properties he could move around.
“Whatever we could bargain for nothing, we’ll buy,” he said. “They became distressed because of stupid management.”
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