“Our goal is to keep all the magazines up and running and to increase sales staff and editorial staff in those markets,” Dickey told the New York Post before adding that “synergies” (are those like “redundancies”?) might exist on the back end.
“The luxury market,” Dickey said, “remains very strong.”
Capitol File had seemed on shaky ground since 2015, when then editor in chief Elizabeth Thorpe was ousted amid a reorganization shake-up spearheaded by then-owner Niche Media, which rebranded as GreenGale.
The terms of Modern Luxury’s purchase of GreenGale have not been disclosed, but the sale includes Hamptons, Gotham, Ocean Drive, L.A. Confidential and other regional glossies.