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Posts Tagged ‘Alpha Media’

Ross Levinsohn Segues to Scout Media

Per Keith J. Kelly, there has been no shortage of high-level activity at Scout Media.

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The company secured backing from the Pilot Group, a venture capital fund headed by former AOL CEO Bob Pittman. It amalgamated North American Hunter, PGA Sports and other media assets from Pittman’s North American Membership Group. And this week, it welcomed a very recognizable executive chairman – former Guggenheim Media CEO Ross Levinsohn:

Levinsohn will once again be teaming up with James Heckman, Scout’s CEO and founder. Heckman had exited as head of global media strategy for Yahoo shortly after new CEO Marissa Mayer nixed his plan to aggressively remake the company.

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Texas Investor Buys Maxim

Alpha Media’s long road toward selling Maxim has finally ended. The New York Post reports that Sardar Biglari, a Texas-based investor, has purchased the magazine for between $10 and $15 million.

The acquisition marks Biglari’s first foray into publications. His company, Biglari Holdings, also owns some real estate, and the restaurant chains Steak N Shake and Western Sizzlin.

In a statement, Biglari announced that Maxim has a bright future. “As the new owner, we look forward enthusiastically to making long-term investments in pursuit of revitalizing the Maxim brand,” he said.

We imagine that executives at Alpha Media were just glad to get the sale over with. During the process of selling Maxim, Alpha Media was almost defrauded and then ended up suing one of its former potential buyers for $38 million.

FishbowlNY’s 2009 Lists: A Timeline Of Magazine Closings

taylor_swift_blender_cover-x622200.jpgIt’s been a tough year for the publishing industry, and magazines in particular have had it rough. Every major publisher has had to shutter at least one of its titles, and some of our favorite glossies have gone to that great magazine rack in the sky.

While it would take forever to list all the over 400 magazines that have folded this year, we here at FishbowlNY put together a timeline of some of the bigger names that were shuttered this year. The bad news? It looks like in the last six months of the year the number of titles snowballed. Here’s hoping that 2010 looks a lot brighter.

After the jump, our timeline

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