Mansueto Ventures publishes Inc. and Fast Company. Both magazines struggled in the first quarter, with Fast Company down 28.8% in ad pages and Inc. down 46.7% compared with the first quarter of 2008.
Fast Company had a strong 2008, with pages up 23.9% compared with 2007, and Inc. was off just 0.8% in ad pages.
In addition, Gawker published two memos recently sent by Koten to staffers, including one that scolded employees for not asking him how he had become a success in business.