fashion-memopad
fashion-memopad

Memo Pad: Final Words... Aiming To Be A Player.. Finding A Place

So which of the weeklies won the war of words in covering Paris Hilton's release from jail - People or Us Weekly?

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Garbarino said the Web site will be relaunched with a daily blog, and he's currently making final decisions on potential bloggers. He's hired the magazine's first marketing and promotions director to create the added value partnerships so beloved of magazines — an Oscar party is tentatively planned — and is also close to hiring a West Coast editor. — Irin Carmon

FINDING A PLACE:
Yet another former Time Inc. executive is set to find a place among the private equity ranks. According to sources, Robin Domeniconi will shortly join Avista Capital as a consultant; Avista was formed in 2005 by former partners at DLJ Merchant Banking Partners. Domeniconi was Time Inc. media group president for just over a year after serving four years as publisher, and eventually president, of Real Simple, but left the company in March. According to sources close to Avista, Domeniconi will help advise the private equity group on new media deals as it looks to expand its holdings in that sector. In December, Avista acquired the Star Tribune from The McClatchy Company for $530 million. This year, according to sources close to the company, the firm has looked at acquiring The Robb Report and Dennis Publishing, and made a bid for the Time4 Media stable of magazines. Dennis Publishing eventually went to Quadrangle Group in June for around $250 million, while Swedish media conglomerate The Bonnier Group bought the Time4 Media titles in January, also for approximately $250 million. — S.D.S.
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