AVENUE Magazine Sold to Cohen Media Group

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Category: Business/Financial News
Published on Friday, 14 December 2018 08:09

Manhattan Media LLC today announced the sale of AVENUE, Manhattan's oldest society magazine, to Charles S. Cohen's Cohen Media Group. Cohen Media is the fifth owner of AVENUE in its 42 years of continuous publication.

"We congratulate Charles S. Cohen on acquiring a true New York icon," said Manhattan Media chairman Richard Burns. "We have little doubt that AVENUE will enjoy another golden age under his ownership."

Founded in 1976, AVENUE has remained a fixture for New York's affluent society for more than four decades. The magazine is distributed exclusively in New York's finest residential buildings and, seasonally, in South Florida and the Hamptons.  

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Though AVENUE is Charles S. Cohen's first magazine property, it is expected that the brand will synergize well with his existing holdings. They include: Cohen Brothers Realty, owner of prestigious office buildings and design centers from coast to coast, including New York's D&D Building and The Pacific Design Center in Los Angeles.

Cohen Media Group, the Academy Award-winning distributor and producer of independent films, which also owns film catalogs, historic movie theaters and the recently acquired Landmark Theatres; and the luxury brands, including Richard James, Harry's of London, and T. Anthony.

"This purchase reflects my passion for quality in all aspects of life, and for redeveloping and re-positioning great brands," Cohen says.  "AVENUE serves and celebrates its sophisticated and loyal readership."

AVENUE has expanded in recent years. Edited since 2016 by New York Times bestselling author and social journalist Michael Gross, it has added a well followed digital presence at avenuemagazine.com and beyond. Since 2012, AVENUE has produced several digital newsletters each week and exclusive events that celebrate significant philanthropy.

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Six bi-monthly print issues of AVENUE will be published in 2019, including such highly-anticipated features as the magazine's annual Power Elite and Philanthropy lists, and its web site will continue to be updated at least five days a week from its new offices at International Plaza at 750 Lexington Avenue in Manhattan. Other changes will be introduced with the magazine's re-introduction with the March/April 2019 issue.

About Cohen Media Group

Formed in 2008 by Charles S. Cohen, COHEN MEDIA GROUP, LLC (CMG) is a leading producer and distributor of independent, foreign and arthouse films in North America. Cohen Media Group is today the largest American distributor of French films in the United States, while its specialty home entertainment label, the Cohen Film Collection, releases restored and remastered editions of classic Hollywood and foreign films on Digital platforms, Blu-ray and DVD. Cohen Media Group has distributed over 117c feature films and 10 shorts and has been nominated for eight Academy Awards. CMG releases includeThe Salesman from Iranian Director Asghar Farhadi, which won the Academy Award for Best Foreign Film and the Oscar nominated Faces Places and The Insult.

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The Company has also acquired the rights to over 800 films, including cinema landmarks from Douglas Fairbanks and Buster Keaton. Charles S. Cohen recently acquired Merchant Ivory Productions, best known for Howards End and Maurice. Additionally, Cohen Media Group has several feature film and television productions currently in the works and most recently launched the Cohen Media Channel, an SVOD channel, which is now available on Amazon.

For more information, please visit www.cohenmedia.net.

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