Condé Nast

Last updated
Condé Nast Inc.
Subsidiary
Industry Mass media
Founded1909;110 years ago (1909)
Founder Condé Montrose Nast
Headquarters One World Trade Center, ,
U.S.
Area served
Worldwide
Key people
Products Magazines
Parent Advance Publications
Subsidiaries Condé Nast Entertainment
Pitchfork
Website condenast.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]

Mass media refers to a diverse array of media technologies that reach a large audience via mass communication. The technologies through which this communication takes place include a variety of outlets.

One World Trade Center Main building of the rebuilt World Trade Center complex in Lower Manhattan, New York City

One World Trade Center is the main building of the rebuilt World Trade Center complex in Lower Manhattan, New York City. One WTC is the tallest building in the United States, the tallest building in the Western Hemisphere, and the sixth-tallest in the world. The supertall structure has the same name as the North Tower of the original World Trade Center, which was destroyed in the terrorist attacks of September 11, 2001. The new skyscraper stands on the northwest corner of the 16-acre (6.5 ha) World Trade Center site, on the site of the original 6 World Trade Center. The building is bounded by West Street to the west, Vesey Street to the north, Fulton Street to the south, and Washington Street to the east.

Manhattan Borough in New York City and county in New York, United States

Manhattan, often referred to locally as the City, is the most densely populated of the five boroughs of New York City and its economic and administrative center, cultural identifier, and historical birthplace. The borough is coextensive with New York County, one of the original counties of the U.S. state of New York. The borough consists mostly of Manhattan Island, bounded by the Hudson, East, and Harlem rivers; several small adjacent islands; and Marble Hill, a small neighborhood now on the U.S. mainland, physically connected to the Bronx and separated from the rest of Manhattan by the Harlem River. Manhattan Island is divided into three informally bounded components, each aligned with the borough's long axis: Lower, Midtown, and Upper Manhattan.

Contents

The company attracts more than 164 million consumers across its 18 brands and media: Allure , Architectural Digest , Ars Technica , Backchannel , Bon Appétit , Condé Nast Traveler , Epicurious , Glamour , Golf Digest , GQ , Pitchfork , Self , Teen Vogue , The New Yorker , Vanity Fair , Vogue , and Wired .

<i>Allure</i> (magazine) magazine

Allure is an American women's magazine focused on beauty, published monthly by Conde Nast in New York City. It was founded in 1991 by Linda Wells. Michelle Lee replaced Wells in 2015. A signature of the magazine is its annual Best of Beauty awards—accolades given in the October issue to beauty products deemed the best by Allure's staff.

<i>Architectural Digest</i> magazine

Architectural Digest is an American monthly magazine founded in 1920. Its principal subject is interior design and landscaping, rather than pure external architecture. The magazine is published by Condé Nast, which also publishes international editions of Architectural Digest in China, France, Germany, Russia, Spain, Mexico, and Latin America.

<i>Ars Technica</i> News and opinion website on technology, science, politics, and society, owned by Condé Nast

Ars Technica is a website covering news and opinions in technology, science, politics, and society, created by Ken Fisher and Jon Stokes in 1998. It publishes news, reviews, and guides on issues such as computer hardware and software, science, technology policy, and video games. Many of the site's writers are postgraduates and some work for research institutions. Articles on the website are written in a less-formal tone than those in traditional journals.

Robert A. Sauerberg Jr. is Condé Nast's chief executive officer and president. US Vogue editor-in-chief Anna Wintour serves as the artistic director of Condé Nast. The company launched Condé Nast Entertainment in 2011 to develop film, television, and digital video programming.[ citation needed ]

Vogue is a fashion and lifestyle magazine covering many topics including fashion, beauty, culture, living, and runway. Vogue began as a weekly newspaper in 1892 in the United States, before becoming a monthly publication years later.

Anna Wintour Current editor of American Vogue magazine

Dame Anna Wintour is a British-American journalist and editor who has been editor-in-chief of Vogue since 1988 and artistic director for Condé Nast, Vogue's publisher, since 2013. With her trademark pageboy bob haircut and dark sunglasses, Wintour has become an important figure in much of the fashion world, widely praised for her eye for fashion trends and her support for younger designers. Her reportedly aloof and demanding personality has earned her the nickname "Nuclear Wintour".

Condé Nast Entertainment is a production and distribution studio with film, television, social and online video, and virtual reality content.

History

One World Trade Center, the headquarters of the company 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.

<i>House & Garden</i> (magazine) American magazine

House & Garden is an American shelter magazine published by Condé Nast Publications that focusses on interior design, entertaining, and gardening.

Vanity Fair is a magazine of popular culture, fashion, and current affairs published by Condé Nast in the United States.

<i>Glamour</i> (magazine) American magazine

Glamour is an online women's magazine published by Condé Nast Publications. Founded in 1939 and first published in April 1939 in the United States, it was originally called Glamour of Hollywood.

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.

A lifestyle magazine is a popular magazine concerned with lifestyle. It includes a number of men's magazines, women's magazines and magazines about health and fitness, tourism, leisure, fashion, decorating, or culture. The concept is chiefly used in reference to a magazine's tone.

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.

The Newhouse era at Condé Nast launched a period of acquisitions ( Brides was acquired in 1959), overhauls of existing magazines (after being shuttered in 1936, Vanity Fair was revived in 1983), and the founding of new publications ( Self was launched in 1979).

2000-09

In January 2000, Condé Nast moved from 350 Madison Avenue to 4 Times Square, [7] 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. [8] In the same year, Condé Nast purchased Fairchild Publications [9] (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. [10] On October 31, 2006, Condé Nast acquired the content aggregation site Reddit, [11] 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. [12]

In September 2011, Condé Nast said it would offer 17 of its brands to the Kindle Fire. [13] 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 . [14] 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 . [15] [16]

In October 2013, the company ceased its low and unpaid internship program. [17] [18] In November 2014, Condé Nast moved into One World Trade Center in Manhattan, where its new headquarters is located. [19] 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). [20] On October 13, 2015, Condé Nast announced that it had acquired Pitchfork . [21]

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. [22] Chairman Charles Townsend retired at the end of 2016, [23] and chairman emeritus S.I Newhouse died the following October 1. In March 2018, Condé Nast announced the launch of Influencer Platform Next Gen. [24] "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 ex-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. [25]

In June 2019, Condé Nast sold W to a new holding company, Future Media Group. [26]

In June 2019, Condé Nast also fired Stefano Tonchi as it sold W, which he’d headed for nine years. [27] [28] 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". [27]

Current USA publications and digital assets

Print

Digital

USA defunct publications

Mergers and acquisitions

Acquisitions

DateCompanyBusinessCountryValue (USD)References
December 30, 1987Signature Magazine [note 1] MagazineFlag of the United States.svg  United States [31]
November 30, 1988Woman [note 2] MagazineFlag of the United States.svg  United States $10,000,000 [32]
June 25, 1990Cook's [note 3] MagazinesFlag of the United States.svg  United States [33]
April 22, 1992K-III Magazines-Magazine Sub [note 4] Subscriber listsFlag of the United States.svg  United States [34]
April 20, 1993Knapp CommunicationsMagazinesFlag of the United States.svg  United States $175,000,000 [35]
June 12, 1998 Wired Magazine [note 5] MagazinesFlag of the United States.svg  United States $90,000,000 [36]
January 8, 2000 Fairchild Publications [note 6] Magazines and newspapersFlag of the United States.svg  United States $650,000,000 [37]
September 5, 2001Johansens [note 7] Accommodation guidesFlag of the United States.svg  United States [38]
February 28, 2002Modern Bride Group [note 8] MagazinesFlag of the United States.svg  United States $52,000,000 [39]
March 28, 2002Ideas Publishing Group [note 9] PublishingFlag of the United States.svg  United States [40]
July 11, 2006 Lycos Inc-Wired News [note 10] Online newsFlag of the United States.svg  United States $25,000,000 [41]
July 20, 2006 Nutrition Data Internet service providerFlag of the United States.svg  United States [42]
October 31, 2006 Reddit Social newsFlag of the United States.svg  United States [43]
April 23, 2008 SFO*Media Web sitesFlag of the United States.svg  United States [44]
May 20, 2008 Ars Technica Web sitesFlag of the United States.svg  United States [45]
April 11, 2012 ZipList Web sites & Mobile AppsFlag of the United States.svg  United States [46]
October 13, 2015 Pitchfork Web sitesFlag of the United States.svg  United States [21]

Stakes

DateCompanyBusinessCountryValue (USD)References
November 29, 1988Wagadon [note 11] MagazinesFlag of the United States.svg  United States [47]
January 19, 1994 Wired Magazine MagazinesFlag of the United States.svg  United States [48]
January 17, 2001Ideas Publishing Group [note 12] PublishingFlag of the United States.svg  United States [49]

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.

Related Research Articles

Wired is a monthly American magazine, published in print and online editions, that focuses on how emerging technologies affect culture, the economy, and politics. Owned by Condé Nast, it is headquartered in San Francisco, California, and has been in publication since March/April 1993. Several spin-offs have been launched, including Wired UK, Wired Italia, Wired Japan, and Wired Germany. Condé Nast's parent company Advance Publications is also the major shareholder of Reddit, an internet information conglomeration website.

<i>W</i> (magazine) American fashion magazine

W is an American fashion magazine published by Condé Nast in print and online. W features stories about style through the lens of culture, fashion, art, celebrity, and film.

Samuel Irving Newhouse Sr. American broadcasting businessman, magazine and newspaper publisher

Samuel Irving Newhouse Sr. was an American broadcasting businessman, magazine and newspaper publisher. He was the founder of Advance Publications.

Advance Publications, Inc. is an American media company owned by the descendants of S.I. Newhouse Sr., Donald Newhouse and S.I. Newhouse Jr. It is named after the Staten Island Advance, the first newspaper owned by the Newhouse family, in which Sam Newhouse bought a controlling interest in 1922. The company is nominally headquartered in the Advance offices in Staten Island's Grasmere neighborhood, though Advance has never had an official headquarters.

Donald Edward Newhouse is an American billionaire heir and business magnate. He owns Advance Publications, founded by his late father in 1922, whose properties include Condé Nast, dozens of newspapers across the US, cable company Bright House Networks and a controlling stake in Discovery Communications. According to Forbes, he has an estimated net worth of $11.8 billion. He resides in New York City.

RentPath Inc. is a privately held American media company owned by TPG Capital and Providence Equity Partners LLC.

Samuel Irving "S.I." Newhouse Jr. was an American heir to a substantial magazine and media business. Together with his brother Donald, he owned Advance Publications, founded by their late father in 1922, whose properties include Condé Nast, dozens of newspapers across the United States, former cable company Bright House Networks, and a controlling stake in Discovery Communications.

Gourmet magazine was a monthly publication of Condé Nast and the first U.S. magazine devoted to food and wine. Founded by Earle R. MacAusland (1890–1980), Gourmet, first published in January 1941, also covered "good living" on a wider scale.

<i>Condé Nast Traveler</i> American travel magazine, first published 1987

Condé Nast Traveler is a luxury and lifestyle travel magazine published by Condé Nast. The magazine has won 25 National Magazine Awards.

Dawn Ostroff is the current Chief Content Officer of Spotify and the former President of Entertainment of The CW and President of Condé Nast Entertainment. Identifying an untapped revenue stream, Ostroff and Condé Nast CEO Bob Sauerberg launched CNE in 2011, an in-house production and distribution studio for digital video, film, and TV.

Mitchell B. Fox is an American former leading business executive of Condé Nast Publications. He served as Group President and Publishing Director of Condé Nast Publications, as well as president of The Golf Digest Companies, and publisher of Vanity Fair and Details magazines. Fox was one of the leading figures in Vanity Fair's rise in the 90's. He oversaw Condé Nast's golf publications, its Fairchild fashion group including W Magazine and Women's Wear Daily, its Bridal group, and other magazines including Self, Allure, Bon Appetit, and Condé Nast Traveler.

Stefano Tonchi was the editor of W magazine.

Style.com was a luxury e-commerce website, launched by international media company Condé Nast in September 2016. In June 2017 Style.com was closed and absorbed by online retailer Farfetch.com

Golf World was a weekly magazine covering the game of golf published by Condé Nast. It was in circulation between 1947 and 2014. Currently, Golf World still available in digital form and since May 13, 2019, the brand has been owned by Discovery, Inc.

David Maupin is an American gallery director.

<i>Vogue Italia</i> Italian edition of fashion mgazine Vogue

Vogue Italia is the Italian edition of Vogue magazine. Owned by Condé Nast International, it is the least commercial of all editions of Vogue magazine and has been called the top fashion magazine in the world.

Penske Media Corporation (PMC) is an American digital media, publishing, and information services company based in Los Angeles and New York City. It publishes more than 20 digital and print brands, including Variety, Rolling Stone, WWD, Deadline Hollywood, BGR, and others. PMC's Chairman and CEO since founding is Jay Penske.

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  23. Business – WWD
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