Feedback On Our Private Equity Feature
I think we struck a chord with our August-issue report on how private-equity is changing the magazine industry. Iâ€™ve gotten a bunch of correspondence on the package, including at least a couple of letters to the editor that we published in September. And Iâ€™ve received a bunch of more incidental comments as well, including one that pointed out that a deal we described as an early home run was better described as a bloop single.
But positive or negative, it seems to me that the piece found an audience at all levels: Among the rank and file, which suffers the anxiety of M&A, and the layoffs when they occur, among the bankers who transact the deals, and among the CEOs who execute them. And there is no question the market is Hot.