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8020 Media hoped to revolutionize the magazine business. Instead, it has circled down the drain, ending up in the hands of shadowy investors after a new CEO with a Condé Nast résumé looted the startup.
Meltdowns: CEO's $500,000 Salary Burns Startup Into Fire Sale
Seeded on Fri Feb 27, 2009 9:55 PM EST
Article Source: Gawker- Enjoy this article? Help vote it up the 'Vine.
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