Dubilier & Co. hires journalist(2)

Anne Gordon has resigned as managing editor of The Philadelphia Inquirer to join New York private equity firm Dubilier & Co.

Dubilier & Co. is the latest private equity firm to add a journalist to its ranks with the hire of Anne Gordon.

Gordon has been managing editor of The Philadelphia Inquirer for the past five years, and was also the business editor at The Denver Post for eight years.

As a partner with Dubilier & Co., she will focus on acquiring, building and managing media, technology and entertainment portfolio companies.

“I have joined Dubilier & Co. not only because it is time for me to chart my own course, but because I am convinced that innovative leadership in the world of media will make a difference in how journalists thrive in the years ahead,” Gordon said in a farewell memo to newspaper staff. “Over time, as I have watched the turmoil that surrounds all media today, I have become equally fascinated by how good journalism can be married with good business, for the former cannot survive without the latter.”

The firm founded by Michael Dubilier, son of Clayton Dubilier & Rice co-founder Martin Dubilier, is the latest to tap journalism talent to assist with media and communications investments.

Last year The Carlyle Group hired former Time editor-in-chief Norman Pearlstine, and in 2000, former Wall Street Journal and Boston Globe journalist Jon Auerbach joined Highland Capital Partners.