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Posts Tagged ‘Marc Ecko’

Complex Spins-Off From Parent Company To Distance Itself From Debt

cover_bell21.jpgComplex magazine, founded by Marc Ecko and headed under the parent company Marc Ecko Enterprises, is about to grow wings and fly the coop.

That is, Complex will now be part of Complex Media, also owned by Ecko, but without all that bothersome debt that its original publisher carried with it. Complex raised $12.8 million in funding for its new venture, not an easy task in today’s publishing world. Then again, urbanwear designer Ecko seems himself to have been born under a lucky star: despite the financial troubles of MEE, the company received $108 million in exchange for a majority stake from apparel company Iconix Brand Group little over a month ago.

Read More: Updated: Marc Ecko’s Complex Media Gets $12.8 Million, Spins Off Into Standalone Company –paidContent

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Giant Sale?

diddy_giant.jpgJamie Hooper, owner/publisher of Giant — the beleaguered, baffling men’s magazine that has seemingly changed editorial direction as often as Radar has been relaunched — is selling the magazine to Radio One, Radar reports:

Sources close to [Hooper] speculate that he may leave the magazine business altogether for a career in political fundraising. Says one Giant insider, “Jamie’s gotta be thanking his lucky fucking stars.”

OK, then.

Earlier this year, unsubstantiated rumors had Giant being sold to Marc Ecko‘s Complex, leaving the open the intriguing possibility of an uber-magazine called Giant Complex, something Complex publisher Rich Antoniello vehemently denied.

FishbowlNY’s Giant Coverage:

  • Giant Publisher Out
  • Giant Editor Out?
  • Giant Magazine Redesigns — Again