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Revolving Door Newsletter: 06.21.05

The picking fights edition: John Byrne v. Michael Wolff! Alex Storozynski v. Newsday! Mort Zuckerman v. Revolving Door! See who comes out swinging inside.

June 21, 2005
Fast Company's long, German nightmare is finally over. Joe Mansueto, chief executive of the financial research service Morningstar, has apparently bought the magazine and its corporate sibling Inc. from Gruner + Jahr USA for around $40 million. Mansueto, who also owns a piece of Time Out Chicago, was recruited as white knight by Fast Company editor John Byrne, according to press reports. If that's true, then Byrne has accomplished what Michael Wolff failed to pull off during the sale of New York Magazine in 2003: the transition from mere employee to macher. The Revolving Door would like to salute Mr. Mansueto,...

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