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Condé Nast

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This article is about the media company. For the founder, see Condé Montrose Nast. For other uses, see Condé Nast (disambiguation).

Condé Nast Inc.
TypeSubsidiary
IndustryMass media
Founded1909; 116 years ago (1909)
FounderCondé Montrose Nast
HeadquartersOne World Trade Center,
New York City, New York
,
U.S.
Area served
Worldwide
Key people
  • Roger Lynch
    (CEO and President)
  • Charles H. Townsend
    (Chairman)
  • Anna Wintour
    (Artistic Director)
ProductsMagazines
ParentAdvance Publications
SubsidiariesCondé Nast Entertainment
Pitchfork
Websitecondenast.com

Condé Nast Inc. is an American mass media company founded in 1909 by Condé Montrose Nast, based at One World Trade Center in Manhattan and owned by Advance Publications.[1]

The company's media titles attract more than 84 million consumers in print, 366 million in digital and 384 million across social platforms: Allure, Architectural Digest, Ars Technica, Backchannel, Bon Appétit, Condé Nast Traveler, Epicurious, Glamour, GQ, Pitchfork, Self, Teen Vogue, The New Yorker, Vanity Fair, Vogue, and Wired.

Roger Lynch is Condé Nast's chief executive officer. US Vogue editor-in-chief Anna Wintour serves as the U.S. artistic director and global content advisor of Condé Nast. The company launched Condé Nast Entertainment in 2011 to develop film, television, social and digital video and virtual reality.

History[]

File:One World Trade Center May 2015.jpg

One World Trade Center, the headquarters of the company

Condé Montrose Nast, a New York City-born publisher, launched his magazine empire in 1909 with the purchase of Vogue, which was first created in 1892 as a New York weekly journal of society and fashion news.[2]

At first, Nast published the magazine under Vogue Company and did not incorporate Condé Nast until 1923. He had a flair for nurturing elite readers as well as advertisers and upgraded Vogue, sending the magazine on its path of becoming a top fashion authority. Eventually, Nast's portfolio expanded to include House & Garden, Vanity Fair (briefly known as Dress and Vanity Fair), Glamour, and American Golfer. The company also introduced British Vogue in 1916, and Condé Nast became the first publisher of an overseas edition of an existing magazine.

Condé Nast is largely considered to be the originator of the "class publication," a type of magazine focused on a particular social group or interest instead of targeting the largest possible readership.[3] Its magazines focus on a wide range of subjects, including travel, food, home, and culture, with fashion the larger portion of the company's focus.

Nast opened a printing press in 1924, which closed in 1964 to make way for more centrally located sites capable of producing higher volumes. During the Great Depression, Condé Nast introduced innovative typography, design, and color. Vogue's first full color photograph was featured on the cover in 1932, marking the year when Condé Nast began replacing fashion drawings on covers with photo illustrations―an innovative move at the time.[4] Glamour, launched in 1939, was the last magazine personally introduced to the company by Nast, who died in 1942.[5]

In 1959, Samuel I. Newhouse bought Condé Nast for US$5 million as an anniversary gift for his wife Mitzi, who loved Vogue.[6] He merged it with the privately held holding company Advance Publications. His son, S.I. Newhouse, Jr., known as "Si," became chairman of Condé Nast in 1975.[7]

Under Newhouse, Condé Nast acquired Brides in 1959,[8] revived Vanity Fair in 1983 after it was shuttered in 1936,[9] and the launched the new publication Self in 1979.[10]

2000-09[]

In January 2000, Condé Nast moved from 350 Madison Avenue to 4 Times Square,[11] which at the time was the first skyscraper built in New York City since 1992 and boasted a Frank Gehry cafeteria. The move was also viewed as contributing to the transformation of Times Square.[12] In the same year, Condé Nast purchased Fairchild Publications[13] (now known as Fairchild Fashion Media), home to W and WWD, from the Walt Disney Company. In 2001, Condé Nast bought Golf Digest and Golf World from The New York Times Company for US$435 million.[14] On October 31, 2006, Condé Nast acquired the content aggregation site Reddit,[15] which was later spun off as a wholly owned subsidiary in September 2011.

The company folded the women's magazine Jane with its August issue in 2007, and later shut down its website. One of Condé Nast's oldest titles, the American edition of House and Garden, ceased publication after the December 2007 issue. Portfolio, Mademoiselle and Domino were folded as well. On May 20, 2008, the company announced its acquisition of a popular technology-oriented website, Ars Technica.

On October 5, 2009, Condé Nast announced the closure of three of its publications: Cookie, Modern Bride, and Elegant Bride. Gourmet ceased monthly publication with its November 2009 issue; the Gourmet brand was later resurrected as "Gourmet Live," an iPad app that delivers new editorial content in the form of recipes, interviews, stories, and videos. In print, Gourmet continues in the form of special editions on newsstands and cookbooks.

2010-present[]

In July 2010, Robert Sauerberg became Condé Nast's president. In May 2011, Condé Nast was the first major publisher to deliver subscriptions for the iPad, starting with The New Yorker; the company has since rolled out iPad subscriptions for nine of its titles. In the same month, Next Issue Media, a joint venture formed by five U.S. publishers including Condé Nast, announced subscriptions for Android devices, initially available for the Samsung Galaxy Tab.[16]

In September 2011, Condé Nast said it would offer 17 of its brands to the Kindle Fire.[17] The company launched Conde Nast Entertainment in 2011 to develop film, television, and digital video programming. In May 2013, CNÉ's Digital Video Network debuted, featuring web series for such publications as Glamour and GQ.[18] Wired joined the Digital Video Network with the announcement of five original web series including the National Security Agency satire Codefellas and the animated advice series Mister Know-It-All.[19][20]

In October 2013, the company ceased its low and unpaid internship program.[21][22] In November 2014, Condé Nast moved into One World Trade Center in Manhattan, where its new headquarters is located.[23] On September 14, 2015, the company announced Robert A. Sauerberg Jr. was appointed as its chief executive officer (CEO) and would remain its president; its former CEO, Charles H. Townsend, would be its chairman, while S.I. Newhouse Jr. would be chairman emeritus (effective January 2016).[24] On October 13, 2015, Condé Nast announced that it had acquired Pitchfork.[25]

In July 2016, Conde Nast announced the launch of Condé Nast Spire, a new division that would focus on finding links between consumers' purchasing activity and their content consumption by connecting Condé's own first-party behavioral data.[26] Chairman Charles Townsend retired at the end of 2016,[27] and chairman emeritus S.I Newhouse died the following October 1. In March 2018, Condé Nast announced the launch of Influencer Platform Next Gen.[28] "The Platform features both in-house and external talent with significant and meaningful social followings,” said Pamela Drucker Mann, chief revenue and marketing officer for Condé Nast.

In April 2019, Condé Nast appointed the former CEO of Pandora Roger Lynch, as Condé Nast's first global CEO. It also sold Brides to Dotdash, part of Barry Diller’s IAC Corp. In May 2019, Condé Nast announced the sale of Golf Digest to Discovery, Inc.[29]

In June 2019, Condé Nast sold W to a new holding company, Future Media Group. [30] Condé Nast also fired Stefano Tonchi as it sold W, which he’d headed for nine years.[31][32] He sued them claiming wrongful termination, and Condé Nast sued him charging that he was a “faithless servant” who interfered with the sale to achieve benefits for himself; Condé Nast is seeking the return of “all monies paid to him during his period of disloyalty".[31]

Current USA publications and digital assets[]

Print[]

Digital[]

USA defunct publications[]

  • Cargo
  • Cookie
  • Details
  • Elegant Bride
  • Golf for Women
  • Golf Digest
  • Gourmet
  • House & Garden
  • Jane
  • Lucky
  • Mademoiselle
  • Men's Vogue
  • Modern Bride
  • NowManifest (blog)
  • Portfolio Magazine
  • Self
  • Style.com
  • Teen Vogue
  • Vitals Men
  • Vitals Women
  • Vogue Living
  • World of Hibernia [33][34]
  • WomenSports
  • YM

Mergers and acquisitions[]

Acquisitions[]

Date Company Business Country Value (USD) References
December 30, 1987 Signature Magazine[note 1] Magazine Flag of the United States United States — [35]
November 30, 1988 Woman[note 2] Magazine Flag of the United States United States $10,000,000 [36]
June 25, 1990 Cook's[note 3] Magazines Flag of the United States United States — [37]
April 22, 1992 K-III Magazines-Magazine Sub[note 4] Subscriber lists Flag of the United States United States — [38]
April 20, 1993 Knapp Communications Magazines Flag of the United States United States $175,000,000 [39]
June 12, 1998 Wired Magazine[note 5] Magazines Flag of the United States United States $90,000,000 [40]
January 8, 2000 Fairchild Publications[note 6] Magazines and newspapers Flag of the United States United States $650,000,000 [41]
September 5, 2001 Johansens [note 7] Accommodation guides Flag of the United States United States — [42]
February 28, 2002 Modern Bride Group[note 8] Magazines Flag of the United States United States $52,000,000 [43]
March 28, 2002 Ideas Publishing Group[note 9] Publishing Flag of the United States United States — [44]
July 11, 2006 Lycos Inc-Wired News[note 10] Online news Flag of the United States United States $25,000,000 [45]
July 20, 2006 Nutrition Data Internet service provider Flag of the United States United States — [46]
October 31, 2006 Reddit Social news Flag of the United States United States — [47]
April 23, 2008 SFO*Media Web sites Flag of the United States United States — [48]
May 20, 2008 Ars Technica Web sites Flag of the United States United States — [49]
April 11, 2012 ZipList Web sites & Mobile Apps Flag of the United States United States — [50]
October 13, 2015 Pitchfork Web sites Flag of the United States United States — [25]

Stakes[]

Date Company Business Country Value (USD) References
November 29, 1988 Wagadon[note 11] Magazines Flag of the United States United States — [51]
January 19, 1994 Wired Magazine Magazines Flag of the United States United States — [52]
January 17, 2001 Ideas Publishing Group[note 12] Publishing Flag of the United States United States — [53]

Notes[]

  1. ↑ Citicorp-Signature Magazine was acquired from Citigroup.
  2. ↑ Harris Publications-Woman was acquired from Harris Publications.
  3. ↑ Pennington Publishing-Cook's was acquired from Bonnier AB.
  4. ↑ K-III Magazines-Magazine Sub was acquired from Primedia.
  5. ↑ Wired Magazine was acquired from Telefonica.
  6. ↑ Fairchild Publications was acquired from The Walt Disney Company.
  7. ↑ Johansens, the parent company of Daily Mail, was acquired from Rothermere Investments.
  8. ↑ Modern Bride Group was acquired from Primedia.
  9. ↑ Ideas Publishing Group was acquired from Advance Publications.
  10. ↑ Lycos Inc-Wired News was acquired from Telefonica.
  11. ↑ Conde Nast Publications acquired a 40% interest in Wagadon.
  12. ↑ Conde Nast Publications acquired a majority interest in Ideas Publishing Group.

References[]

  1. ↑ "Condé Nast | Crunchbase". Crunchbase. Archived from the original on 2018-03-03. Retrieved 2018-03-02. {{cite web}}:
  2. ↑ A Brief History of the Condé Nast Publications, New York: CNP, 1993.
  3. ↑ "Today in History: March 26". Library of Congress. November 9, 2010. Archived from the original on February 10, 2012. Retrieved November 2, 2011. {{cite web}}:
  4. ↑ "IN VOGUE: The Illustrated History of the World's Most Famous Fashion Magazine". NYTimes.com. December 3, 2006. Archived from the original on February 25, 2012. Retrieved November 3, 2011. {{cite web}}:
  5. ↑ Sumner, David E. (2010) (in en). The Magazine Century: American Magazines Since 1900. Peter Lang. ISBN 9781433104930. https://books.google.com/books?id=J7g9PgL_No0C&pg=PA47&q=Nast%20died%20in%201942. Retrieved 2018-03-02. 
  6. ↑ Mahon, Gigi (1989-09-10). "S.I. Newhouse and Conde Nast; Taking Off The White Gloves". https://www.nytimes.com/1989/09/10/magazine/si-newhouse-and-conde-nast-taking-off-the-white-gloves.html. 
  7. ↑ Press, Associated (2017-10-01). "Si Newhouse of Advance Publications, Conde Nast dies at 89". al. Retrieved 2019-10-01. {{cite web}}:
  8. ↑ Hsu, Tiffany (2019-05-15). "Condé Nast Sells Brides Magazine to Barry Diller’s Dotdash" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2019/05/15/business/media/conde-nast-brides-dotdash.html. 
  9. ↑ Salmans, Sandra (1983-02-06). "Courting the Elite at Conde Nast" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/1983/02/06/business/courting-the-elite-at-conde-nast.html. 
  10. ↑ Journal, Wendy BoundsStaff Reporter of The Wall Street (1999-06-23). "Conde Nast's Udell to Step Down As Self Magazine's Editor in Fall" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/SB93009137884322860. 
  11. ↑ Bagli, Charles. "Conde Nast's Stylish Clan Moves Into Times Sq". The New York Times. June 6, 1999. Archived from the original on November 16, 2012. Retrieved November 3, 2011. {{cite web}}:
  12. ↑ Agovino, Theresa. "Condé Nast deal at 1 WTC now official". Crain's New York. June 6, 1999. Archived from the original on September 3, 2011. Retrieved November 3, 2011. {{cite web}}:
  13. ↑ Kuczynski, Alex. "Merger Planned for 2 Giants of Fashion Publishing". The New York Times. August 20, 1999. Archived from the original on March 10, 2013. Retrieved November 3, 2011. {{cite web}}:
  14. ↑ Condé Nast Redesigns Its Future, The New York Times, 26 October 2003
  15. ↑ Arrington, Michael. "Breaking News: Condé Nast/Wired Acquires Reddit" (in en). TechCrunch. https://techcrunch.com/2006/10/31/breaking-news-conde-nastwired-acquires-reddit/. 
  16. ↑ Kaplan, David. "Next Issue Media Works To Build The Storefront Before The Audience Arrives". PaidContent. June 29, 2011. Archived from the original on September 14, 2011. Retrieved November 3, 2011. {{cite web}}:
  17. ↑ Vranica, Suzanne. "Magazines Join With New Tablet Challenger". The Wall Street Journal. September 29, 2011. Archived from the original on 2015-03-17. Retrieved November 3, 2011. {{cite web}}:
  18. ↑ Tatiana Siegel (May 12, 2013). "Conde Nast Launches Digital Video Network - The Hollywood Reporter". The Hollywood Reporter. Archived from the original on 2013-05-20. Retrieved June 23, 2013. {{cite web}}:
  19. ↑ Erik Hayden (May 15, 2013). "Conde Nast Entertainment Launches 'Wired' Video Channel". The Hollywood Reporter. Archived from the original on 2013-06-24. Retrieved June 23, 2013. {{cite web}}:
  20. ↑ Erik Maza (May 2, 2013). "Condé Entertainment Previews Video Channels for Vogue, Wired and Vanity Fair". Women's Wear Daily. Archived from the original on 2013-06-24. Retrieved June 23, 2013. {{cite web}}:
  21. ↑ Buckley, Cara. "Sued Over Pay, Condé Nast Ends Internship Program". New York Times\date=Oct. 23, 2013. https://www.nytimes.com/2013/10/24/business/media/sued-over-pay-conde-nast-ends-internship-program.html. 
  22. ↑ "Why Condé Nast Felt It Had To Stop Using Interns". Forbes. October 24, 2013. https://www.forbes.com/sites/susanadams/2013/10/24/why-conde-nast-felt-it-had-to-stop-using-interns/. 
  23. ↑ "Condé Nast Colonizes Lower Manhattan" (in en-US). The New York Times. 2015-09-30. ISSN 0362-4331. https://www.nytimes.com/2015/10/01/fashion/conde-nast-one-world-trade-center.html. 
  24. ↑ Somaiya, Ravi (September 14, 2015). "Condé Nast Names Robert Sauerberg New C.E.O." The New York Times. Archived from the original on 2015-09-17. Retrieved September 14, 2015. {{cite web}}:
  25. ↑ 25.0 25.1 "Condé Nast Buys Pitchfork Media". The New York Times. https://www.nytimes.com/2015/10/14/business/media/conde-nast-buys-pitchfork-media.html. Retrieved 13 October 2015. 
  26. ↑ Emma Bazilian (26 July 2016). "Condé Nast Is Connecting Media Consumption and Purchase Data to Improve Branded Content". Adweek. http://www.adweek.com/news/press/cond-nast-connecting-media-consumption-and-purchase-data-improve-branded-content-172091. 
  27. ↑ Business – WWD
  28. ↑ "Condé Nast Influencer Platform: 'Journalism' for Cash?". Ikon London Magazine. 2 March 2018. http://www.ikonlondonmagazine.com/conde-nast-influencer-platform-journalism-for-cash/. Retrieved 3 March 2018. 
  29. ↑ Spangler, Todd (May 13, 2019). "Discovery Buys Golf Digest From Condé Nast for $30 Million" (in en). Variety. https://variety.com/2019/tv/news/discovery-buys-golf-digest-conde-nast-1203212654/. Retrieved May 13, 2019. 
  30. ↑ Burch, Sean (June 25, 2019). "Conde Nast Sells W Magazine, Sara Moonves to Replace Longtime Top Editor Stefano Tonchi" (in en). TheWrap. https://www.thewrap.com/members/2019/06/25/conde-nast-sells-w-magazine-sara-moonves-to-replace-longtime-top-editor-stefano-tonchi/. Retrieved June 25, 2019. 
  31. ↑ 31.0 31.1 Condé Nast slams former W editor Stefano Tonchi as 'faithless' extortionist
  32. ↑ Condé Nast Hits Back Hard at Stefano Tonchi’s W Magazine Lawsuit – WWD
  33. ↑ "The world of Hibernia" Archived 2012-04-07 at the Wayback Machine. National Library of Ireland Catalog.
  34. ↑ "Bad tidings; it is the end of the World of Hibernia - Independent.ie". {{cite web}}:
  35. ↑ "Conde Nast Publications Inc acquires Citicorp-Signature Magazine from Citigroup Inc (1987/12/30)". Thomson Financial. Archived from the original on July 21, 2012. Retrieved October 28, 2008. {{cite web}}:
  36. ↑ "Conde Nast Publications Inc acquires Harris Publications-Woman from Harris Publications Inc (1988/11/30)". Thomson Financial. Archived from the original on July 18, 2012. Retrieved October 28, 2008. {{cite web}}:
  37. ↑ "Conde Nast Publications Inc acquires Pennington Publishing-Cook's from Bonnier AB (1990/06/25)". Thomson Financial. Archived from the original on July 20, 2012. Retrieved October 28, 2008. {{cite web}}:
  38. ↑ "Conde Nast Publications Inc acquires K-III Magazines-Magazine Sub from Primedia Inc (1992/04/22)". Thomson Financial. Archived from the original on July 20, 2012. Retrieved October 28, 2008. {{cite web}}:
  39. ↑ "Conde Nast Publications Inc acquires Knapp Communications Corp (1993/04/20)". Thomson Financial. Archived from the original on July 22, 2012. Retrieved October 28, 2008. {{cite web}}:
  40. ↑ "Conde Nast Publications Inc acquires Wired Magazine(Wired Ventures) from Telefonica SA (1998/06/12)". Thomson Financial. Archived from the original on July 17, 2012. Retrieved October 28, 2008. {{cite web}}:
  41. ↑ "Conde Nast Publications Inc acquires Fairchild Publications Inc from Walt Disney Co (1999/12/01)". Thomson Financial. Archived from the original on July 16, 2012. Retrieved October 28, 2008. {{cite web}}:
  42. ↑ "Conde Nast Publications Inc acquires Johansens Ltd(Daily Mail) from Rothermere Investments Ltd (2001/09/05)". Thomson Financial. Archived from the original on July 16, 2012. Retrieved October 28, 2008. {{cite web}}:
  43. ↑ "Conde Nast Publications Inc acquires Modern Bride Group(Primedia) from Primedia Inc (2002/02/28)". Thomson Financial. Archived from the original on July 16, 2012. Retrieved October 28, 2008. {{cite web}}:
  44. ↑ "Conde Nast Publications Inc acquires remaining interest in Ideas Publishing Group from Advance Publications Inc (2002/03/28)". Thomson Financial. Archived from the original on July 30, 2012. Retrieved October 28, 2008. {{cite web}}:
  45. ↑ "Conde Nast Publications Inc acquires LYCOS Inc-Wired News from Telefonica SA (2006/07/11)". Thomson Financial. Archived from the original on July 17, 2012. Retrieved October 28, 2008. {{cite web}}:
  46. ↑ "Conde Nast Publications Inc acquires NutritionData.com (2006/07/20)". Thomson Financial. Archived from the original on August 28, 2010. Retrieved October 28, 2008. {{cite web}}:
  47. ↑ "Breaking News: Condé Nast/Wired Acquires Reddit (2006/10/31)". TechCrunch. Archived from the original on 2006-11-17. Retrieved October 31, 2006. {{cite web}}:
  48. ↑ "Conde Nast Publications Inc acquires SFO*Media LLC (2008/05/20)". Reuters. April 24, 2008. https://www.reuters.com/article/pressRelease/idUS248273+24-Apr-2008+PRN20080424. Retrieved November 14, 2008. 
  49. ↑ "Conde Nast Publications Inc acquires Ars Technica LLC (2008/05/20)". Thomson Financial. Archived from the original on May 2, 2009. Retrieved October 28, 2008. {{cite web}}:
  50. ↑ "The Conde Nast Startup Story Yahoo Should Study For Tumblr (2013/05/23)". Forbes. Archived from the original on 2013-06-07. Retrieved April 11, 2012. {{cite web}}:
  51. ↑ "Conde Nast Publications Inc acquires a minority stake in Wagadon Ltd (1988/11/29)". Thomson Financial. Retrieved October 28, 2008. {{cite web}}: [dead link]
  52. ↑ "Conde Nast Publications Inc acquires a minority stake in Wired Magazine(Wired Ventures) from Telefonica SA (1994/01/19)". Thomson Financial. Archived from the original on October 18, 2010. Retrieved October 28, 2008. {{cite web}}:
  53. ↑ "Conde Nast Publications Inc acquires Ideas Publishing Group (2001/01/17)". Thomson Financial. Archived from the original on July 29, 2012. Retrieved October 28, 2008. {{cite web}}:

External links[]

Template:Advance Publications Template:Vogue magazines

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