Kent Brownridge is stepping aside as CEO of Alpha Media Group, the owner of Blender and Maxim magazines. He'll remain on as chairman and will be succeeded by Stephen Duggan and Glenn Rosenbloom, who will serve as co-CEOs, the company said in an e-mailed release. Brownridge was tapped to head the company as after helping engineer the sale of Dennis Publishing's U.S. arm, which housed Blender and Maxim, to private equity firm Quadrangle Group in June 2007. Brownridge, the former No. 2 to Jann Wenner at Wenner Media, said that he joined AMG with the intention of building the team that would eventually run it long term.
Before this promotion, Duggan was AMG's CFO. Brownridge hired him from Publishing Group of America, where he held the same title. Rosenbloom, another Brownridge hire, was most recently president. Before that, he was SVP/Group Publishing Director for the U.S. consumer magazine division of Disney (NYSE: DIS) Publishing.
By David Kaplan