Publisher Jayne Mountford, managing editor Ashley J. Parker and the rest of the Fashion Times gang will no doubt be celebrating tonight. The New York site and parent company have been purchased by IBT Media, in what IBT says is the first of several planned content acquisitions.
From this afternoon’s announcement:
Fashion Times LLC operates five websites including Fashion Times and Fashion & Style. Under IBT Media’s ownership, the properties will continue to operate as free news websites targeting consumers interested in fashion, beauty and design. Fashion Times LLC’s staff will be relocated to IBT Media’s headquarters in lower Manhattan in June.
“There’s a lot of synergy between our flagship properties like Newsweek and International Business Times and our existing niche sites,” said IBT Media co-founder and chief content officer Johnathan Davis. “Adding fashion, beauty and design to that mix will allow us to expand our reach while leveraging content for the flagship sites.”
IBT’s current network of sites, which also includes Medical Daily, Latin Times and iDigitalTimes, logs around 90 million monthly unique visitors.