Mod­ern Lux­ury, owner of DC magazine, buys Capi­tol File

The Washington Post - - THE RELIABLE SOURCE -

The writ­ing was on the wall months ago when Capi­tol File, the glossy Wash­ing­ton magazine, lost both its pub­lisher and its top ed­i­tor within weeks.

Now Mod­ern Lux­ury, the pub­lish­ing com­pany that owns sev­eral re­gional mag­a­zines na­tion­wide, in­clud­ing DC magazine, has pur­chased Capi­tol File along with all GreenGale ti­tles in an ex­pan­sion deal that chief ex­ec­u­tive Michael Dickey said “took years to do.”

“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,” he said, “re­mains very strong.”

Capi­tol File had seemed on shaky ground since 2015, when then-ed­i­tor in chief El­iz­a­beth Thorpe was ousted in a re­or­ga­ni­za­tion 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.

CAPI­TOL FILE

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