Maxim-um shake-up: Kliger takes the helm in wake of Mangione exit
In a big shake-up at Maxim publisher Alpha Media, industry veteran Jack Kliger is coming on board as “executive chairman” and taking over from just-ousted CEO Joseph Mangione.
As the de facto chief executive, Kliger becomes the fifth person to hold the top spot in the past four years since Quadrangle Capital Partners took over what was then a three-magazine company from British publishing maverick Felix Dennis.
In 2009, Quadrangle defaulted on its debt to lenders, including Cerberus Capital Partners, who took over Alpha Media in a debt-for-equity swap. By the time of the takeover, two titles,