The Time Out brand is expanding

TIME OUT NEW YORK magazine’s new parent plans to roll out Time Out web sites to a dozen US cities, through its new parent company, Time Out Group.

British-based Oakley Capital Investments recently bought a controlling interest in the publication, after acquiring the London edition earlier from founder Tony Elliott in 2010.  Some staff in the New York office will lose their jobs as of June 15.

Time Out New York has published a print edition since 1995.

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