Atlantic Media, owner of the Atlantic and National Journal, is close to selling its controlling stake in 02138 magazine to Sandow Media, WWD has learned.

A spokesman for Sandow said the deal had not yet been completed but was in the final stages.

The Boca Raton, Fla.-based Sandow acquired Worth magazine, its first New York property, from Curtco Media in February for an undisclosed price and also owns the plastic surgery-oriented NewBeauty magazine.

02138 was launched by two Harvard graduates under the aegis of David Bradley’s Atlantic Media in fall 2006, and sought luxury advertising for its expected affluent profile. Publisher Meredith Kopit left last month to be group publisher of ForbesLife and ForbesLife Executive Woman.

For more, see Wednesday’s issue of WWD.

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