Blog Post

Alpha Media Gets Fifth CEO In Three Years; Taps Media Vet Mangione

After a six month search for a new CEO, Maxim publisher Alpha Media Group has asked its former CMO Joe Mangione to return from retirement to take on the role, AdAge reports. Back in September, AMG’s CEO Stephen Duggan resigned; he was the third chief exec at AMG since Dennis Publishing sold the U.S. arm of the company in June 2007 for $250 million to PE firm Quadrangle Group. Last summer, Quadrangle turned the magazines over to a group of creditors, after the PE firm defaulted on the debt it used to make the acquisition from Dennis.

Just after Duggan left, Paul Miller, who ran a company that’s owned by AMG creditor Cerberus, was tapped as the interim CEO even though he didn’t have any publishing experience. In a statement from AMG, Mangione will lead Maxim