More tension at 'Portfolio'

Boy, for a magazine that comes out once every six months or so, Portfolio sure gets a lot of attention. Too bad it's not been for the articles. The latest brouhaha - actually it's just a continuation of the previous brouhahah - is over an article by Kurt Eichenwald that was supposedly held from the debut issue and now has been held from the second issue, coming out in September. This would be of very little interest to most anyone were it not for Eichenwald's ethics breach when he was still at the NYT (he forgot to tell anyone about the $2,000 check he gave to a 19-year-old guy who was running his own Internet pornography business). Gawker says that Portfolio editor-in-chief Joanne Lipman won't let him resell his unpublished piece (subject not disclosed) because the magazine is paying him plenty for his work.

Eichenwald is still under contract to the magazine, but there's speculation among staffers that the magazine is hoping he'll just leave quietly on his own accord. We imagine the lawyer-happy fella would undoubtedly not respond well to his contract being broken.

First David Colby at Wellpoint and now this. Kind of scary to think how fragile careers can be.

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner

Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook