All of this means lower prices and greater access for first-time super-yacht buyers, Edmiston said.

CNN: Super-yacht prices plummet as recession hits

That is according to Jamie Edmiston, London-based director of international yacht company, Edmiston.

CNN: Super-yacht prices plummet as recession hits

"Some people who were very, very rich are still very, very rich, but just a little bit less so, " Edmiston said.

CNN: Super-yacht prices plummet as recession hits

Edmiston told CNN that as the global recession increasingly impacts the super-yacht market, prices are being driven down and opening the market to new, potential buyers.

CNN: Super-yacht prices plummet as recession hits

Before starting Nomad, Mark Edmiston, a former CEO of Newsweek and media investment banker, surveyed what other publishers were doing to get a sense of the competition.

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The company now has five titles (covering food, wine, movies, fitness and social media) and only 14 employees, and Edmiston says he only needs to hire one or two additional staffers for every four or five new titles.

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