| Original Message |
Fele
Posted Jul 18, 2006 10:45 AM
According to WP:Time Ex-Chief Pearlstine to Join Carlyle Group Norman Pearlstine, editor in chief of Time Warner Inc.'s magazine business until January and a former managing editor of the Wall Street Journal, will join Washington private equity firm Carlyle Group this September as a senior adviser -- a sign the buyout firm may be shopping for print and Internet-based media companies.
Pearlstine will work with Carlyle's telecommunications and media group, advising the firm on strategy and trends, and reviewing business plans in the media sector.
Looks like it.
Pearlstine said. "I've been watching some of the big private equity deals in media, and I'm interested in the way they look at media."
Yeah, other right wing dominated groups have been buying up lots of newspapers, too.
(Link immediately preceeding is to a blog that reported on a new purchase by MediaNews Group which is headed by William Dean Singleton who donates heavily to Republicans.
Carlyle spokesman Christopher Ullman said Pearlstine's hiring indicates "an increased emphasis" on traditional media investing
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Ullman said Pearlstine will work with Carlyle's corporate buyout and venture capital teams that evaluate print, television and new-media companies. |
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