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Revolving Door Newsletter: 07.27.07
Will Burkle's Billions Buy AMI?July 27, 2007
Is the last hope of the media business -- or at least the media printed on pulp -- wealthy men and their vanity? Consider the case of Business 2.0 vs. Fast Company; while the former is on death's door thanks to the profit motive of parent Time Inc., the latter is chugging along under the new ownership of Joe Mansueto, a detached billionaire who made his fortune elsewhere and is happy to let the magazine find its way. And then there's Ron Burkle, the California grocery magnate who's already snatched up the former Primedia enthusiast titles and is rumoredrumored<...
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