|Back to Home > Content > Departments > Revolving Door Newsletter: 02.20.09|
Revolving Door Newsletter: 02.20.09
Playboy Considers Sale; Cuts Rumored At Hearst MagazinesFebruary 20, 2009
The rumor mill's already working overtime today, as we're hearing Hearst has cut staff at Good Housekeeping and is readying itself to cut long-time freelance, or "permalance" positions, company-wide. Affected parties at GH are said to include a senior-level editor and another three staffers, at least... In other potential developments, Playboy could be for sale: In a conference call announcing the mag's fourth quarter and full-year financial results, the company's interim CEO Jerome Kern reported a loss of $156.1 million in 2008 and said he is "open to discussions" about a possible sale.