After snapping up movie theater chain Landmark Theatres from Mark Cuban this month, billionaire film maven and real estate mogul Charles S. Cohen has acquired society magazine Avenue, Page Six has exclusively learned.
It’s the first magazine property for Cohen — who also recently acquired Merchant Ivory Productions, and has earned eight Oscar nominations through his film distribution company, Cohen Media Group, which specializes in foreign films.
Cohen also bought and relaunched New York’s venerable Quad Cinema, and he owns luxury brands Richard James, Harrys of London and T. Anthony. His real estate holdings — through Cohen Brothers Realty — include New York’s D&D Building and LA’s Pacific Design Center.
Avenue was sold by Manhattan Media, led by chairman Richard Burns, who said in a statement on the sale, “We have little doubt that Avenue will enjoy another golden age under [Cohen’s] ownership.”
The magazine was founded in 1976 and is distributed in upscale NYC residential buildings — as well as seasonally in in South Florida and the Hamptons. The mag plans to print six issues in 2019, including its annual Power Elite and Philanthropy lists.
Cohen said in a statement, “This purchase reflects my passion for quality in all aspects of life, and for redeveloping and re-positioning great brands.”
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