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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<...

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