Pearlstine to Leave TIME for Carlyle Group (acquisition deal to follow?)

[DeepModem Mom]

NY Post
July 18, 2006

Former Time Inc. Editor-in-Chief Norman Pearlstine will sever ties to the parent company after Labor Day to become a senior adviser to the Carlyle Group, the global buyout firm.

Carlyle, which recently was part of the winning consortium that bought VNU, owner of Nielsen Media Research and Hollywood Reporter, is interested in stepping up its media activity. It currently has $41.9 billion under management and is interested in expanding in publishing, TV and new media.

Pearlstine became a senior adviser to Time Warner in January after 11 years in the firm's top editorial job.

Often when a buyout firm brings aboard new talent, it is with an acquisition target already in mind.

A Carlyle spokesman insisted Pearlstine's hiring "does not presage an existing deal. It's just an effort to bolster our media expertise."...

http://www.nypost.com/business/pearlstine_to_leave_time_for_carlyle_business_keith_j__kelly.htm

[Junkdrawer]

1. Tell him to say hi to Tony Blair for me....

They don't even try to hide the corruption in The New World Order, do they?

[anotherdrew]

2. we need to make bankrupting the Carlyle Group job number one

somehow, these boys need to loose

[w4rma]

4. I think they are after world domination. (nt)

[stepnw1f]

3. Time to RICO the Carlyle Group