Dan’s Hamptons Media and The Independent have joined
to form one company, Dan’s Independent Media, the company announced.
It’s a
“seismic shift on Long Island’s East End ,” writes the New York Post. Ron
Perelman-owned weekly The Independent will stop its print edition and merge
with Dan’s Papers, once known as the Montauk Pioneer.
Terms of
the deal weren’t made public.
Richard
Burns, owner of Dan’s Papers, will be chair of the board. Perelman will be vice
chairman, but represented by Josh Vlasto, a former chief of staff of Gov.
Andrew Cuomo, the Post reported.
Perelman
purchased The Independent three years ago from advertising’s Jerry Della
Femina, the Post said.
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