Modern Luxury Sold (Folio:)

After going on the block this spring, regional magazine publisher Modern Luxury Media has agreed to be sold to Atlanta-based Dickey Publishing. Under terms of the deal, Modern Luxury will be managed by Dickey-controlled radio broadcaster Cumulus Media, under its Structured Management Services division. Macquarie Capital Inc. will provide debt and equity funding for the transaction, Dickey Publishing says.

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