Nylon Magazine to Merge With FashionIndie After Being Sold to Diversis Capital
Nylon magazine has been sold to Diversis Capital, LLC. The publication is to be merged with FashionIndie.com, a beauty and fashion website. Folio reports that the merged entity plans to continue the print publication.
Joe Mohen has been named CEO of the combined company. Dana Fields will be EVP, Chief Revenue Officer and Publisher. The New York Post reports that the co-founders editor-in-chief Marvin Scott Jarrett and publisher Jaclynn Jarrett are departing. The company will seek a new editor-in-chief for Nylon.
Dana Fields says in a statement, "It is very exciting to be growing this modern media company and one whose delivery of the top trendsetters in the millennial market is unsurpassed. We see this purchase as taking a profitable, highly visible property, Nylon, and by merging it with FashionIndie.com, create a unique brand in the media community for marketers. Our goal is to have all the touch points of Nylon presenting advertisers the opportunity to interact with and engage style conscious 20-something 'It Girls' through all the media platforms they are consuming- social, web, mobile, video and print. Our readers, both on and off line, can discover stories from our collective of fashion and beauty insiders, Hollywood's hottest new stars, and the music world's most tweeted about personalities."
Posted on May 8, 2014