The ouster of Primedia chief Tom Rodgers has led to speculation that the company will sell off choice assets under the direction of its majority owner, leveraged buyout firm Kohlberg Kravis Roberts. Condé Nast Chairman Si Newhouse reportedly told KKR months ago that he'd be willing to buy New York Magazine prior to auction. NY Mag'ers: say hello to the Condé cafeteria and the Ohio soccer mom demographic. Don't cry; it'll be alright. (Car service for the masses! Expense accounts the size of some third world GDPs!)
Primedia chief exec purged [NY Daily News]