July 16, 2005 in Nation/World

Schwarzenegger drops fitness magazine deal

Associated Press
 

SACRAMENTO, Calif. – Gov. Arnold Schwarzenegger said Friday that he will end his multimillion-dollar consulting deal with two fitness magazines that rely heavily on advertising for nutritional supplements.

The governor, who came under fire when critics said the deal represented a conflict of interest, said he will relinquish his title as executive editor of Muscle & Fitness and Flex magazines and forgo any compensation.

“I don’t want to be paid,” Schwarzenegger said in a telephone interview with the Associated Press.

The governor was forced to defend his contract with the magazines after a securities disclosure filed this week showed he would be paid at least $1 million a year for five years to act as a consultant.

Last year, Schwarzenegger vetoed a bill that would have regulated the use of performance-enhancing substances in high school sports.

That led some lawmakers to accuse the governor of having a conflict of interest: acting on legislation that could hurt the nutritional supplements industry while at the same time taking millions of dollars from magazines that rely on the industry for most of their profits.

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