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Portfolio sold only 19,000 newsstand copies of its November issue, which featured on its cover the ever-lovin' CEO of L.A.-based American Apparel. By comparison, the August issue, with ex-Countrywide CEO Angelo Mozilo on the cover, sold 23,000, and July's cover of Starbucks CEO Howard Schultz sold 28,000 (NY Observer has the numbers, courtesy of the ABC Rapid Report). NY publishing types were surprised that Portfolio did not highlight the financial meltdown last month, though to be fair monthlies can have a tough time chasing after news. More surprising – to me anyway – was the decision to use Charney at all. I mean, hasn't his story gotten a tad moldy by now?
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.