February 7, 2008
Niche Media Acquires Philadelphia Style
Jason Binn's glossy empire grows. Luxury magazines have been, thus far, resistant to the vicissitudes of the ad recession (For further reference, see: Vogue's September 2007 issue). So Jason Binn, the CEO of a growing portfolio of magazines shamelessly chasing the luxe bucks, has just acquired Philadelphia Style. John M. Colabelli, the publisher emailed FishbowlNY:
''Jason Binn and I have been friends for 15 years. Philadelphia was the next piece in the puzzle for Niche on the East coast. It was the perfect scenario for both companies.''
Philadelphia Style has a bi-monthly circulation of 70,000.
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