Modern Luxury Media Acquires Fashion E-Zine Julib
This story was written by Rafat Ali.
Modern Luxury Media (MLM), the publisher of about 34 city magazines across U.S., has bought our online and e-mail fashion magazine Julib. The company said Julib has e-mail newsletters for about 14 cities in U.S. and has 700K readers. Terms of the deal were not disclosed. As MLM readies for the September launch of Manhattan magazine, the Julib.com reach in the New York media market will help it in that growth, the company said. The newsletter was founded in 2002 with 400 readers and a single New York edition. MLM was founded in 1993 in Chicago, and is now owned by Clarity Partners, the media-focused PE fund based in Los Angeles. More details in release.
By Rafat Ali