 Bankoff ranked number 67 on Mediaite's list of the most influential figures in media during 2017.Bankoff and Diane Elson, who founded the rug design company Elson&Company in 1998, married on April 26, 2003.Bankoff is a longtime New York Yankees fan, and has a LeRoy Neiman print depicting Thurman Munson in his office, as of 2014.