Revolving Door Newsletter: 02.03.09
Doubledown Media Shuts Down; LAT To Lay Off 300
February 3, 2009
Doubledown Media -- publisher of magazines aimed at the "working, wealthy men" of Wall Street --
has shut down,
Folio: reports. In a memo to staffers, company president
Randall Lane wrote, "The combination of the media depression, the Wall Street implosion and the credit slowdown were collectively too much for our company -- probably any company in our shoes -- to overcome." The publisher was
struggling to find a buyer and had already been forced to lay off a third of its staff, slash salaries, and reduce the frequency and circulation of its titles, which include
Trader Monthly,
Dealmaker,
Private Air,
Corporate LeaderCorporate Leader<...
The How to Pitch series is worth its weight in gold. In just the first month I'd already benefited enough to consider the cost of joining well worth it.
--
Gaen Murphree
- Premium content, including our How to Pitch Guides, an indispensable tool for freelance writers. view sample >
- Savings of up to $35 per class on mediabistro.com courses and seminars.
- Insurance discounts for freelancers and small businesses, including medical, dental, auto and home.
- Lots of other professional discounts, including ZipCar (a $50 value) and your choice of magazine subscriptions (a $10 value).
... and much more! View all benefits or Sign up now!