Wild-haired and possibly murderous publisher Felix Dennis sold Alpha Media—home of Maxim and Blender—to a private equity group last year for about $250 million. Now, hey look, Alpha Media may have to be turned over to its creditors because, you know, advertising revenues are down thanks to the economy. The company is currently "in restructuring talks." So Felix Dennis has a quarter of a billion dollars, and the finance whizzes who paid him have cornered the market on Tila Tequila covers. Felix Dennis is smart. [Folio]
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Gawker
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Felix Dennis Counts His Money As His Old Company Crumbles [Alpha Media]
Posted: November 24th, 2008, 10:06am CST by Hamilton Nolan
Tags: alpha Media
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We hear that Alpha Media Group (f/k/a Dennis ... [Revolving Door]
Posted: November 27th, 2007, 2:10pm CST
Tags: alpha Media Group
We hear that Alpha Media Group (f/k/a Dennis Publishing), is seeing further cutbacks at what remains of its laddish enterprises. "Head of marketing and events Doug Turner let go as well as brand director Barry Pincus..all events and non mag biz being scaled back," writes a tipster.