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Editors Exit 'Entrepreneur' As Sale Looms

  • Folio, Friday, June 13, 2008 10:15 AM

Entrepreneur magazine is enduring a newsroom shakeup as it prepared to be acquired by a private equity group. Following the departure of longtime editor Rieva Lesonsky, two executive editors also have left the magazine. Maria Valdez Haubrich and Karen Axelton's departures come only days after parent company Entrepreneur Media named former WiesnerMedia executive Amy Cosper vice president and editor-in-chief.

Chuck Fuller also recently left his position as the magazine's director of business development. All exits come as Entrepreneur Media is reportedly in the final bidding stage of its sale to an unnamed Boston-based private equity firm. The spate of staff departures and financing worries apparently slowed the talks, but both sides are still at the table.

Insiders say the deal could be done as early as mid-July. Entrepreneur went to market in February with an asking price of about $200 million.

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