Modern Luxury Buys Greengale Publishing
Modern Luxury, the regional magazine publisher controlled by the Dickey family, confirmed it has finally purchased Greengale Publishing, owners of Hamptons, Gotham, Ocean Drive and L.A. Confidential among other magazine titles.
Modern Luxury CEO Michael Dickey said he does not plan to close any of the newly acquired titles despite overlap in a number of cities, including Beach in the Hamptons, Manhattan magazine in New York City and other markets including Chicago and Miami.
“It took years to do, but we finally got it done,” said Dickey of the deal that he finally announced on Monday.
Terms of the merger were not disclosed.