Felix Dennis Counts His Money As His Old Company Crumbles
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]