Friday, July 10, 2009

Dykstra's Magazine Problem, and not Yours

Former baseball star Lenny Dykstra's currently anywhere between $10 million and $50 million in debt, apparently mostly due to the failure of a magazine for professional athletes, of which he was part owner. Though he might deserve some credit for at least trying something a little different, this might be one of those rare times when I'd agree with the pessimists who say print magazines are dead. In this specific istance. Because magazines are certainly not high on the list of things to which professional athletes pay attention. Too many words, not enough moving pictures. And why have a magazine telling you how wonderful and special you are, when you can have your paid flunkies telling it to you all day long?

Anyway, sorry to hear it bankrupted the guy, but Motley Fool seems to think he'd have hit the wall sooner or later from one of his get-rich-quick schemes. So let's not blame this one on "the death of magazines," okay?
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