* The magazine industry's decline has a long reach

July 10, 2009

Just ask Lenny Dykstra, according to this article from Folio, an industry publication.

Many of Dykstra’s financial woes stem from the failed launch of the Player’s Club, a monthly magazine for professional athletes he published in partnership with Doubledown Media—a publisher of magazines aimed at the Wall Street elite—which went out of business earlier this year. Before the title launched, Dykstra sued Doubledown claiming breach of contract. Doubledown filed a counterclaim alleging Dykstra owed the publisher more than a half million dollars.

The article reports that “In his petition, Dykstra claimed $50,000 in assets and between $10 million and $50 million in liabilities.”

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Tagged as: Lenny Dkystra, Magazines

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