Sometimes it’s this way with very, very old couples who have been together for a very long time: One of them dies, and the other dies not long after. So it is with Doubledown media, the publisher of Trader Monthly, Dealmaker, Private Air, Corporate Leader, and the esteemed Cigar Report, all publications aimed at certain high-flying, risk-taking, dickhead-acting Wall Street types. Now, several months after the Street’s much-ballyhooed death and the decrease in wealth and popularity of such individuals, Doubledown has also succumbed. The cause? A broken heart. President Randall Lane informed his staff last night that he could bear the pain no longer. “These are unprecedented times,” he wrote.
“The combination of the media depression, the Wall Street implosion and the credit slowdown were collectively too much for our company — probably any company in our shoes — to overcome.”
Doubledown leaves behind a joyous Timothy Sykes, a handful of bereft Saudis, and a bushel of credit-card receipts from Cru.
Breaking: Doubledown Media Shuts Down [Folio]
Doubledown leaves behind a joyous Timothy Sykes, a handful of bereft Saudis, and a bushel of credit-card receipts from Cru.
