Categories: OLD Media Moves

Bad choice for Portfolio cover

John Koblin of the New York Observer writes Thursday that the latest cover of business magazine Conde Nast Portfolio, which features American Apparel CEO Dov Charney, is a bizarre choice given the current economic and Wall Street turmoil.

Koblin writes, “Joanne Lipman, the magazine’s editor, said that Dov Charney graces the cover because of the brisk business American Apparel did in the third quarter 2008, and because of his importance to the presidential election.

“‘American Apparel is a huge retail story,’ said Ms. Lipman in an e-mailed statement sent through a Portfolio spokeswoman. ‘Its sales are up 24% for the 3rd quarter at a time when the entire retail industry is in deep decline‹ plus Dov Charney (the owner) is out there on the eve of the biggest election in decades talking provocatively about the immigration issue.’

“The spokeswoman said that the cover decision belongs to Ms. Lipman.

“Ms. Lipman continues in the email: ‘The bulk of the inside of the magazine is about the financial crisis, including three major pieces by Jesse Eisinger and John Cassidy, including the definitive piece on the ‘patient zero’ of the crisis, the JP Morgan team that invented credit default swaps.'”

Read more here.

Recent Posts

Del Castillo departing Fortune to create consulting firm

Fortune senior reporter Michael del Castillo is leaving the publication to start his own consulting and…

1 day ago

Bloomberg seeks a Japanese currencies and interest rates reporter

Bloomberg News is one of the biggest financial and business news organizations in the world.…

1 day ago

Guillot moving to Politico’s energy and climate team

Politico reporter Louise Guillot is moving to its energy and climate team to cover European Union climate…

1 day ago

WSJ’s Olshan’s ode to the newsrooms

Jeremy Olshan, who is departing The Wall Street Journal where he has been personal finance…

1 day ago

9fin hires Mehboob as distressed debt reporter

Danish Mehboob has been hired as a senior distressed debt reporter at 9fin, where he…

1 day ago

Meehan promoted to ME at Buffalo Business First

Sara Paulson Meehan has been promoted to managing editor at Buffalo Business First. She has…

1 day ago