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******* Finally, Dennis Publishing is in the hands of Quadrangle Group, with Kent Brownridge installed as chief executive officer of the publishing company. As WWD reported first in May, the private equity group and the ex-Wenner executive were most likely to acquire Maxim, Stuff and Blender from founder Felix Dennis. Sources close to the deal said Quadrangle acquired the trio for just north of $240 million, and the deal will close in the third quarter. Now what? For one, Steven Colvin, former president of Dennis Publishing USA, is leaving the company, but sources said Brownridge has asked chief operating and financial officer John Lagana to stay. It's not clear if other departures will follow, but overall, Brownridge and Quadrangle plan to add jobs, not whack them. Over the past year or two, Dennis was a "lean and mean" organization, one insider said, as the company cut costs and laid off staffers in the months leading up to the sale. Quadrangle plans to grow the male-centric media company by exploiting its mobile, print and online properties and its new casinos and steakhouses to create larger marketing opportunities. To do so, it will likely need to beef up key areas, like advertising and marketing, and will meet with existing Dennis employees in the next few weeks to learn more about each business and determine where more staffers are needed. MORE ONLINE
2. WWD
With a few coats of paint, velvet-trimmed banquettes and amusing Edward Sorel murals, Vanity Fair editor in chief Graydon Carter transformed the Twenties dowager Ye Waverly Inn into a hot spot called Waverly Inn and Garden. The SoHo restaurant still hasn't officially opened, but Carter already is said to be showing interest in opening an eatery at another historically significant site: The Oak Bar at the former Plaza hotel. Carter could not be reached for comment, but sources said he has toured the site twice with his decorator. Elad Properties, which purchased the Plaza in 2004 for $675 million, is painstakingly restoring sections of the hotel with landmark designation to their former 1907 glory. Elad has agreed to leave the Grand Ballroom, Palm Court and The Oak Bar intact. Elad has said it will turn 160,000 square feet into retail space for luxury brands, but retail experts have said it may be a hard sell; the windows weren't designed for retail use and the building is set back from Fifth Avenue. MORE ONLINE
3. New York Post
Maria Rodale, a one-time wild child, today is expected to be named chairman of Rodale Inc., the environmentally friendly publishing empire founded by her grandfather. The Emmaus, Pa.-based company, whose flagship is Organic Gardening, publishes Men's Health, Prevention and Runner's World, as well as bestselling books including Al Gore's "An Inconvenient Truth" and "The South Beach Diet" and "The Abs Diet." Maria, who had been the vice chairman, replaces her mom, Ardath Rodale, who was thrust into the top position when her husband, Robert, was killed in 1990 in an auto accident in Russia. MORE ONLINE
4. New York Post
This week's selection of magazines highlights some of the publications that the hip among us are reading. There is an emphasis on music, but that's fitting given music figures prominently in the lives of most hipsters. But we've thrown in a pop-culture - hipster style, of course - mag as well for good measure. Now that that former No. 2 executive at Wenner Media, Kent Brownridge, is the proud owner of Blender magazine, let's hope he doesn't make it as boring as Rolling Stone. Ever since the upstart music title hit newsstands a few years ago, its editors have consistently out-hipped their long-in-the-tooth rivals. This month's issue is no exception. To begin with, the cover shot of Avril Lavigne teaches us something about the pop-punk rocker that we didn't realize: she is indeed hot. From there the mag only gets better. As we have a former ladies shoe salesman among us, we found self-professed foot fetishist Redman's tips on buying heels for one's woman to be on point. And while we can't decide if we like Maroon 5's music yet, we always knew we didn't like lead singer Adam Levine. The Q&A interview with him only reinforces our disdain. Also making for fun reads are the rock 'n' roll quiz and the rock star rehab piece. We were immediately intrigued by Complex magazine's unlikely cover pairing of indie comic darling Seth Rogen, who stars in the hit film "Knocked Up," and Wu Tang Clan member RZA - so much so that we didn't even notice the back cover shot of Rihanna preparing to wash a car decked out in bikini top, lime-green short shorts and sponge. Too bad for the magazine that what's in between the covers isn't nearly as interesting. The interview with Rogen and RZA provides one of only two highlights in the magazine. The other is Chris Connolly's Q&A with caustic comic and actor Denis Leary. That piece got us thinking about a few things: namely, what's Connolly, the former editor-in-chief of Premiere magazine and MTV mainstay, doing writing a one-page piece in Complex? MORE ONLINE
5. MediaWeek
In an unusual partnership for the magazine business, Cond? Nast siblings Wired and Cookie will collaborate on Wired’s first showhouse, a high-tech, low-environmental-impact abode opening for three weeks this fall. While tech-culture monthly Wired will fashion the house from recycled building materials and energy-efficient lighting, its upscale sister parenting title will feather the nursery with features including a video baby monitor allowing parents to keep tabs via cell phones. “A big piece of the home is family life, and that’s Cookie’s bread and butter,” said Jay Lauf, Wired publisher. MORE ONLINE
6. MediaWeek
The pantyless trend among starlets may help sell celebrity tabloids, but it may not do much for underwear sales. Fruit of the Loom, in an effort to boost its image with young, fashion-forward women and promote its Fit For Me and Fresh Collection lines, will take over the June 22 issue of Bauer Publishing’s Life & Style, the two-year-old title’s first single-advertiser issue. “They see this as a perfect fit for their brand, and the idea of taking over a whole issue makes it impactful,” said Ian Scott, president, Bauer advertising sales. MORE ONLINE
7. MediaWeek
Quadrangle Group, backing ex-Wenner Media exec Kent Brownridge, announced it finally wrapped up its purchase of Dennis Publishing’s Maxim, Blender and Stuff magazines, ending a stretch of more than three weeks since final bids were submitted. Quadrangle paid over $240 million, closer to the $250 million Dennis Publishing founder Felix Dennis wanted for the titles than earlier thought (he’s holding on to The Week, a tightly edited digest of the week’s news). Quadrangle didn’t address the fate of Dennis U.S. CEO Stephen Colvin, but he’s expected to leave the company. As the titles are leanly run, Brownridge will have little room to cut costs; he’s expected instead to grow revenue by beefing up the marketing staff to create more customized ad plans across Maxim’s myriad brand extensions. He also is likely to eye expansion of the online properties and TV extensions. The sale marks the winding down of London-based Dennis Publishing’s 10-year-long run in the U.S., which started with the launch of Maxim in 1997 and laddie men’s magazine category it spawned. That sector has leveled off, as Maxim matured and its chief rival, Emap’s FHM, folded its print edition earlier this year. Dennis began exploring a sale of the titles early last year, but didn’t confirm it was shopping the titles until early 2007.
8. Jossip
Know what’s a great business to try and get out of? Magazine publishing! Felix Dennis is doing it. Brant Publishing is doing it. Hell, even Time Inc. is trying to get out of this hell hole. So what in god’s name are USA Today and the Wall Street Journal thinking trying to get in on this business? For starters: guaranteed distribution. The two ink-y titles (one shows up free at your Holiday Inn lobby, the other shows up free in the seat-back pocket of your Lincoln Towncar) are planning on glossing things up with lifestyle magazines inserted into the newspapers themselves — such a genius concept, the New York Times latched onto it years ago. USA Today has an October launch date, reports Nat Ives, with plans for a “monthly magazine that will focus on active lifestyles, meaning lots of articles about pursuits such as jogging, traveling, kayaking and hiking.” Also, lots of ads about retirement planning and nutritional supplements.
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...that a home design magazine covering the tri-state area seeks deadline-driven managing editor who knows how to make his or her prose sing. Responsibilities include working with writers, editing features and managing production schedules. Atmosphere is fast-paced, focused and very devoted to quality and deadlines. Successful candidate will have the ability to manage multiple priorities and knowledge of Quark. Pleasant NJ offices north of the GWB. Competitive salary & benefits package including company paid life & long term disability, employer match on 401k, and summer hours! Please send resume and a cover letter to: HR, Wainscot Media, 110 Summit Ave., Montvale, NJ 07645. email: personnel@wainscotmedia.com. ...that the Real Deal, a monthly magazine (circulation 65,000) and a daily web site (www.therealdeal.com) about New York City's real estate industry is expanding its coverage of various national markets. We are looking for freelancers in Atlanta, Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, Philadelphia, San Francisco, Seattle, and Washington D.C. For the right candidates, the possibility exists that this may become a steady gig. Our readership is not the home buyer. Rather, our readership includes brokers, developers, bankers, appraisers, planners, architects, and anyone interested in the change, fiscal underpinnings, and growth of cities. We want reporters who can tell a good and careful story about neighborhood economics, conflicts over the urban fabric, and development deals. Candidates must have strong business reporting and hard-news backgrounds, and the ability to dig deep into their real estate markets. If this sort of challenge appeals to you, kindly send an email to Stuart W. Elliott at jobs@therealdeal.com along with two writing samples. We offer per-word pay rates competitive with other New York City trade magazines. We are ready to hire. ...that Macfadden Performing Arts Media, publishers of Dance, Dance Spirit, and other dance tiles, is looking for freelance proofreaders with at least two years of experience for regular onsite work. Fee is $20 per hour, atmosphere low-key, dance-related experience a plus. Please e-mail resume and cover letter to Hanna Rubin at hrubin@dancemagazine.com. (OK to mention Ed) Internships Nothing today!
********* Whisper jobs or internships to share? Send 'em to whispers@ed2010.com. Ed'll keep it anonymous for you. Blogalicious! Catch up with Ed's Girl on the Hunt and Ed’s Determined Freelancer at ed2010.blogspot.com and edsfreelancer.blogspot.com. Ed has message boards, yo. How to unsubscribe from this newsletter: How to subscribe: BTW, Ed doesn't endorse the advertisement you see below. It's just what happens when you use a free e-newsletter service. |
| << June15, 2007 - Ed's so ready for the weekend! |
June20, 2007 - Check out all the internships! >> |
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