5280 Acquires Key Assets From Luxury Media Group; Denver Magazine to Cease Publication
DENVER, April 19, 2011 /PRNewswire/ -- 5280 Publishing, Inc. today announced that it has acquired key assets from Luxury Media Group, Inc., licensor of Denver Magazine's intellectual property. Among the intellectual property transferred to 5280 are the Federal trademark of the name Denver Magazine; several internet domain names, including denvermagazine.com; and Denver Magazine's Twitter account and Facebook pages. Simultaneously, Denver Magazine announced that it was ceasing publication, effective immediately.
Denver Magazine was first published in February 2008. During its three-and-a-half year run, the magazine scored an exclusive interview with then-candidate Barack Obama and formed numerous strategic partnerships with prominent local organizations.
"Over the years, we've seen a lot of rival magazines come and go in Denver," said Daniel Brogan, 5280 Magazine's founder, editor, and publisher. "None have lasted as long or made as big of a splash as Denver Magazine. You have to respect the hard work and ambition that Michael Ledwitz and his team brought to the table."
"As CEO, publisher and editor in chief of Denver Magazine, I was able to really understand what makes this city tick and have enjoyed every moment of it. I look forward to 5280 continuing to publish a great city magazine for the residents and visitors of Denver," said Denver Magazine founder, Michael Ledwitz.
5280 will not be assuming any of Denver Magazine's liabilities or obligations. Under the terms of the transaction, neither 5280 nor Denver Magazine will be releasing any additional information regarding this agreement.
About 5280
Founded in 1993, 5280 is the largest local magazine in Colorado, with a total distribution in excess of 85,000. A finalist for four National Magazine Awards, 5280 was recently named one of the five best city magazines in America by the City and Regional Magazine Association.
SOURCE 5280 Publishing, Inc.
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