Jason Binn celebrates with DuJour's digital cover girl, Nicole Richie (PcM)

There were a lot of nontraditional elements to Jason Binn's new quarterly, DuJour magazine: It was partnered with online flash-sale site Gilt Groupe, had two co-editors, and launched earlier this month as both an online property for Gilt's members and a direct-mail glossy sent to 250,000 of the country's 1 percenters. Any one of these qualities would be enough to raise eyebrows ... especially for a brand that sought to woo luxury advertisers, many of whom are still wary of anything that strays too far from the Vogue norm.

But Mr. Binn—founder and former CEO of Niche media (the company behind Hamptons and Gotham magazines) who resigned in 2010 to work as a consultant for Gilt as chief adviser—had a plan to create an autonomous brand that would partner with his former employer to mine its membership data on one end, while creating a totally autonomous product on the other. And amazingly, he seems to have pulled it off.

"DuJour is a self-contained business," Mr. Binn told Off the Record proudly. "It's funny, people think that because I worked with Gilt and now they are our strategic partner, that there's something more there. Kevin [Ryan, Gilt's CEO and founder] and I joke about it. What really happened was that I sat down with Kevin for 30 minutes after working there a year, and said, 'What do you think about this business proposal?' And he thought it was a great idea. But he gives us complete autonomy: I was flattered when Mr.Ryan agreed to join board."

"But it's a company that I manage and run. Gilt is a distribution vehicle for the magazine, as well as being a shareholder. They are a limited partner. They're a strategic alliance for us, since they have such an amazing database. They are instrumental to the worlds we celebrate editorially."

In addition to Gilt, DuJour also partnered with James Cohen of Hudson News and Dufry. Both Gilt and Hudson get options in the DuJour for their role in the distribution. Mr. Binn has options in Gilt Groupe, as he maintains his position as chief adviser.

DuJour's model for its coveted print readership demo can be found in pie-chart form on the magazine's website: There are seven "filters" that factor into the top 10 markets in the United States, where approximately 80 percent of luxury goods and products are sold. In order to receive DuJour at your home, you have to fit at least five of these criteria, "whether that's a home valued at a million and a half, or a quarter of a million dollar income, or a $5,000,000 net worth, or a charitable donation of $10,000," Mr. Binn ticked off. "We hired about 30 mining companies to get us that information, as well as the email addresses of those people."

Another possible criteria were that they were not already Gilt subscribers, as a separate database was composed of Gilt's top 3 million members, who all receive an exclusive early edition of the virtual monthly magazine.

The first issue had Christy Turlington on the cover, and it surprised critics, who were ready to brush off DuJour as a Gilt advertorial catalog, with the quality of its content. Contributors in the inaugural issue included the photographer Bruce Weber, Vanity Fair’s Patricia Bosworth, and Vogue and Bazaar veteran Kate Betts. To share the role of editor in chief, Mr. Binn chose Elle.com's editorial director, Keith Pollock, and InStyle’s senior editor of entertainment and features, Nicole Vecchiarelli. They both admitted to Off the Record to having hesitations about sharing the masthead.

"I think we both thought it seemed a little unconventional," Ms. Vecchiarelli said. "Jason wanted us to meet before we decided whether to come on board. I think Jason thought he'd be part of that conversation, but Keith and I discussed it and decided to meet, just the two of us. We ended up meeting three of four more times, but it was pretty obvious within the first 10 minutes that it was going to work out."

"Jason approached me, and he approached Nicole, and only in the second or third conversation did I realize he was actually talking to other people for a co-editorship," Mr. Pollock said. But he quickly fell in love with the arrangement. "It doesn't sound real, but it we haven't disagreed on one area of the website or paper," he gushed.

"For me, I've been working on websites for 10 years; the prospect of launching a new website was not appealing whatsoever. But to cross into print was incredibly exciting. And I think for Nicole, the most exciting part was to launch a website. We'd get together and I'd say 'I have an idea for the magazine,' and she'd say, 'Forget the magazine, I have an idea for the site!' We were attracted to such different parts."

Despite their differing interests, the two editors collaborate on both the print and online properties equally. "We do everything together," Ms. Vecchiarelli said. "We went to the meetings with Code + Theory—who developed our website—together, and we did all the editing together, made the lineup together, picked the stories together ..."

Mr. Binn said of the duo's relationship, "It took several months to get used to, but now they are literally best friends who talk several times a day, probably."

One thing all three agree on is that there's never been a product quite like DuJour. "It's really a new world we're creating," Mr. Binn said. "If you look at the brands who bought advertising with us for the first issue, they didn't buy this as a launch, they bought it as a business model and a concept."

"Even though we've only have one issue under our belt, going into our second it feels like we've already created a brand," Mr. Pollock noted. "Looking at stories, we can say 'This feels very DuJour.' It feels like a magazine that's been around for much longer."

In terms of tone, Ms. Vecchiarelli chimed in, "Just because it was luxury lifestyle magazine, we didn't want it to sound stuffy or dry. There's definitely a sense of irony that runs throughout the magazine, and also addresses a younger audience than other luxury publications. It was a great opportunity to bring in more of a voice."

Now that the first issue has sailed, and Kim Kardashian has shown up at its launch party, DuJour has a while before its next print edition. But that doesn't mean the editorial staff can relax. In the months they don't produce a physical product, they still have an entire magazine to run online. Next month's virtual cover features Nicole Richie.

"We've gotten a lot of great feedback on that," said Mr. Pollock.

Jason Binn with Kim Kardashian at a Golden Globes party.

When Jason Binn announced his return to the publishing business on Monday—with a multi-platform luxury lifestyle magazine sponsored by Gilt Groupe, Hudson News and Dufry duty free—the response was so big it crashed his computer.

“I tend to go out and meet people and I’m very engaging socially and it’s never happened before,” the Niche Media founder told Off the Record, from his home office in Manhattan. “I’ve had three tech people to my house and I’ve got Gilt people helping me out...it’s great because it’s horrible.”

The new magazine, a glossy, oversize quarterly called Du Jour, is Mr. Binn’s first major media launch since he sold Niche Media Holdings to the Greenspun Media Group in 2006. At Niche, Mr. Binn mastered the pre-recession game of controlled circulation with local luxury titles like Hamptons, Gotham and Ocean Drive. Du Jour follows similar principles. The magazine will print specialized editions for each market—New York, L.A., D.C., Dallas, Martha's Vineyard, Jackson Hole, etc.—with up to 50 percent local content. The 235,000 print run will target readers in those markets who meet five of seven criteria, which include “average net worth of $5 M.” and “liquid assets over $1 M.”

When a magazine announces a partnership with Gilt Groupe—the flash sale giant whose star rose as magazines struggled to survive the recession—one would think it's looking to implement e-commerce, or to get a revenue-share slice of Gilt's $1 B. pie.

Not Du Jour. Mr. Binn is after Gilt Groupe’s user data, a more finely calibrated tool for determining a reader's disposable income (i.e. the likelihood they will actually buy from the magazine's advertisers) than the stone-age business of flooding wealthy zip codes.

Monthly digital editions of Du Jour, in addition to its weekly newsletter, will be sent out to Gilt Groupe’s 3 million biggest spenders, who will also be able to opt-in to special Du Jour offerings and events, according to Mr. Binn. (As of July, Gilt Groupe reportedly had 3.5 million users.) Although the digital edition will be click-to-shop, Mr. Binn said he will not pursue any revenue-share partnerships during the magazine’s first year.

Mr. Binn will hire between 20 and 25 people, not counting developers, and has already procured 100 pages of advertising. Gilt creative VP Leah Park (formerly designer of the Bergdorf Goodman catalog) will oversee the templates, so the book looks  “super luxury,” he added.

After twenty years on the Hamptons-Miami-Aspen circuit, one imagines Mr. Binn’s Filofax brims with unlisted numbers. Off the Record wondered who was on Mr. Binn’s dream Du Jour cover.

“I think celebrities are really important, it’s a a lot of what I do with my cover parties and what I’ve done at events through the years,” he said. But for Du Jour, he’s looking for someone with “the power to move the needle and make a difference when they’re off-screen.”

Think Bono, Angelina Jolie...

“Even like a Christy Turlington is amazing, the time she puts into her causes,” he said. “When you’re married with three kids you’re always worried about where things will be in ten to fifteen years.”

Speaking of needle-movers, Mr. Binn told Off the Record that Goldman Sachs head of European financing James Esposito had been instrumental to the development of Du Jour.

“Our kids are friends and we spend a lot of time together,” he said. “He knows me very well.”

Mr. Binn was serving as adviser in chief to Gilt CEO Kevin Ryan when Goldman invested in the company.  Mr. Binn said Mr. Esposito suggested he use his media experience to leverage Gilt's “amazing” data on transactions.

“He’s a big mentor,” Mr. Binn said.

The last time we saw Mr. Binn, he’d been hosting a party at Capitale to welcome then-newlyweds Kim Kardashian and Kris Humphries to New York City.

Off the Record asked how he was taking the whole divorce thing.

“I not only hosted that event but I went to the wedding, with the high excitement as she was getting married and everything,” Mr. Binn said. “Yeah, I was disappointed but obviously it wasn’t working. But yeah, that was something that was surprising.”