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Condé Nast
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Condé Nast (/ˌkɒndeɪ ˈnæst/) is an American mass media company founded in 1909 by Condé Montrose Nast and owned by Advance Publications.[1] Its headquarters are located at One World Trade Center in the Financial District of Lower Manhattan, New York City.
Key Information
The company's media brands attract more than 72 million consumers in print, 394 million in digital and 454 million across social media platforms. These include Vogue, The New Yorker, Condé Nast Traveler, Condé Nast Traveller, GQ, Glamour, Architectural Digest, Vanity Fair, Pitchfork, Wired, Bon Appétit, and Ars Technica, among many others. Former U.S. Vogue editor-in-chief Anna Wintour serves as Artistic Director and Global Chief Content Officer. In 2011, the company launched the Condé Nast Entertainment division, tasked with developing film, television, social and digital video, and virtual reality content.
History
[edit]
The company traces its roots to 1909, when Condé Montrose Nast, a New York City-born publisher, purchased Vogue, a printed magazine launched in 1892 as a New York weekly journal of society and fashion news.[2]
Nast initially published the magazine under the corporate name Vogue Company. In 1922, he incorporated Condé Nast Publications as the holding company for his interests.[3] Nast had a flair for nurturing elite readers as well as advertisers and upgraded Vogue, sending the magazine on its path of becoming a top haute couture fashion authority. Eventually, Nast's portfolio expanded to include House & Garden, Vanity Fair (briefly known as Dress and Vanity Fair), Glamour, and American Golfer, published from 1908 to 1920.[4] 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.[5] 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. This company also opened a printing facility in Old Greenwich, Connecticut, in 1924 but closed in 1964 to make way for more centrally located sites capable of producing higher volumes.[6][7] During the Great Depression, Condé Nast introduced innovative typography, design, and color. Vogue's first full color photograph by Edward Steichen 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.[8] Glamour, launched in 1939, was the last magazine personally introduced to the company by Nast, who died in 1942.[9] The Nast family connection to the publishing business remained, with Nast's son Charles Coudert Nast serving as the company's longtime general counsel.[10]
In 1959, Samuel I. Newhouse bought Condé Nast for US$5 million as an anniversary gift for his wife Mitzi, who loved Vogue.[11] 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.[12] Under Newhouse, Condé Nast acquired Brides in 1959,[13] revived Vanity Fair in 1983 after it was shuttered in 1936,[14] and launched the new publication Self in 1979.[15]
2000–2009
[edit]At the outset of the new millennium in January 2000, Condé Nast moved from 350 Madison Avenue to 4 Times Square.[16] The move was viewed as a significant catalyst for the redevelopment of Times Square.[17] In the same year, Condé Nast purchased Fairchild Publications[18] (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.[19] On October 31, 2006, Condé Nast acquired the content aggregation site Reddit,[20] later on spun off as a wholly owned subsidiary of Condé Nast's parent company in September 2011. The company folded the women's magazine Jane with its August issue in 2007, and later shut down its website.[21] One of Condé Nast's oldest titles, the American edition of House and Garden, ceased publication after the December 2007 issue.[22] 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.[23] 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. That same year, Condé Nast announced the launch of Love magazine, a bi-annual British style magazine founded by fashion journalist Katie Grand. In 2020, Grand announced her departure and was replaced by Whembley Sewell.[24]
2010–present
[edit]In July 2010, Robert Sauerberg became Condé Nast's president. In May 2011, the company 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.[25]
In September 2011, Condé Nast said it would offer 17 of its brands to the Kindle Fire.[26] The company launched Conde Nast Entertainment in 2011 to develop movies, television series, and digital video programming. In May 2013, CNÉ's Digital Video Network debuted, featuring web series for such publications as Glamour and GQ.[27] 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.[28][29]
In October 2013, the company ended its internship program after being sued by two former interns claiming they had been paid less than minimum wage for summer internships there.[30][31] In November 2014, the company moved into One World Trade Center in Manhattan, where its headquarters are now located.[32] On September 14, 2015, the company announced Sauerberg as its new CEO, with former CEO Charles H. Townsend taking the role of Chairman, and S.I. Newhouse Jr. taking the role of Chairman Emeritus in January 2016.[33] On October 13, 2015, Condé Nast announced that it had acquired Pitchfork.[34]
In July 2016, the company announced the launch of Condé Nast Spire, a new division of the company focusing on consumer purchasing data and content consumption through the company's own first-party behavioral data.[35] The chairman of the company, Charles Townsend, retired at the end of 2016,[36] and the Chairman Emeritus Newhouse died the following October.[37]
In March 2018, Condé Nast announced the launch of the influencer-based platform Next Gen.[38] The company's chief revenue and marketing officer, Pamela Drucker Mann, stated that the platform would feature both "in-house and external talent with significant and meaningful social followings". In April 2019, Condé Nast appointed the former CEO of Pandora Media, Roger Lynch, as the company's first global CEO.[why?] It also sold the magazine Brides to the digital media company Dotdash, and in May of the same year, announced the sale of Golf Digest to Discovery, Inc.[39] In June of the same year, Condé Nast sold W to a new holding company, Future Media Group.[40] W editor Stefano Tonchi later sued the company for wrongful termination, with Condé Nast suing Tonchi in response, seeking the return of "all monies paid to [Tonchi] during his period of disloyalty," claiming that he had acted as a "faithless servant" during the sale of W, and had interfered with the sale to benefit himself.[41]
Roger Lynch was appointed CEOin April 2019, and in October 2019, announced plans to increase Condé Nast's revenue from readers.[42][43]
In June 2020, following the global outbreak of the coronavirus COVID-19, it was reported that Condé Nast had experienced a drop in advertising revenues of 45% as a result of the pandemic. It was also reported that the company had, in previous years, sublet six of the company's 23 floors in the One World Trade Center, following the cancellation of a number of its publishing titles[which?].[44]
In November 2023, Condé Nast announced it would be cutting about 5 percent of its workforce which would impact approximately 270 employees. Some of the reasons given for this were pressures from digital advertising, decreasing social media traffic, and shifting audience preferences towards short-form video content on platforms like TikTok and YouTube Shorts.[45]
In January 2024, union members from the company's publications set a strike for 24 hours aligned with the announcement of 96th Academy Awards nominees claiming that the company was "engaging in regressive bargaining and breaking the law in bargaining by rescinding an offer that they had previously made around layoffs".[46] Anne Hathaway walked out of a Vanity Fair photo shoot the same day, January 23, in solidarity with the union.[47]
In December 2024, Condé Nast announced additional layoffs specifically targeting top executives at the company.[48]
In October 2025, the company announced that it would no longer feature new animal fur in its editorial content or advertising. The decision followed a nine-month campaign against Condé Nast and its business partners by the Coalition to Abolish the Fur Trade[49] and years of protests by PETA.
In November 2025, the NewsGuild of New York filed an unfair labor practice charge against Condé Nast with the National Labor Relations Board on behalf of Condé United, the union that represents most Condé Nast employees, accusing the company of wrongfully terminating four employees who were engaging in "protected concerted activity" when they confronted the company's head of human resources over layoffs at Teen Vogue.[50]
American digital assets and publications
[edit]Defunct publications
[edit]- American Golfer
- Cargo
- Cookie
- Details
- Elegant Bride
- Golf for Women
- Golf Digest
- Gourmet
- Jane
- Love
- Lucky
- Mademoiselle
- Men's Vogue
- Modern Bride
- NowManifest (blog)
- Portfolio Magazine
- Style.com
- Swoon.com[51]
- Vitals Men
- Vitals Women
- World of Hibernia[52][53]
- WomenSports
- YM
- Teen Vogue[54]
International publications
[edit]- 安邸 Architectural Digest China
- Architectural Digest España
- Architectural Digest France
- Architectural Digest Germany
- Architectural Digest India
- Architectural Digest Italia
- Architectural Digest Latinoamérica
- Architectural Digest México
- Architectural Digest Middle East
- Condé Nast Traveler China
- Condé Nast Traveler España
- Condé Nast Traveller Germany
- Condé Nast Traveller India
- Condé Nast Traveller Italia
- Condé Nast Traveller Middle East
- Condé Nast Traveller UK
- Glamour España
- Glamour Germany
- Glamour Latinoamérica
- Glamour México
- Glamour UK
- British GQ
- British GQ Style
- GQ China
- GQ Style China
- GQ España
- GQ France
- GQ Germany
- GQ Style Germany
- GQ India
- GQ Italia
- GQ Japan
- GQ Latinoamérica
- GQ México
- GQ Taiwan
- House & Garden (UK)
- La Cucina Italiana (Italy)
- Tatler (UK)
- The World of Interiors (UK)
- Vanity Fair España
- Vanity Fair France
- Vanity Fair Italia
- Vanity Fair London
- British Vogue
- Vogue Arabia
- Vogue China
- Vogue Film China
- Vogue Plus China
- Vogue Deutsch
- Vogue España
- Vogue France
- Vogue India
- Vogue Italia
- Vogue Japan
- Vogue Latinoamérica
- Vogue Hombre Latinoamérica
- Vogue México
- Vogue Hombre México
- Vogue Taiwan
- Wired Italia
- Wired Japan
- Wired Latinoamérica
- Wired México
- Wired UK
Acquisitions and mergers
[edit]Acquisitions
[edit]| Date | Company | Business | Country | Value (USD) | Ref. |
|---|---|---|---|---|---|
| December 30, 1987 | Signature Magazine[note 1] | Magazine | — | [55] | |
| November 30, 1988 | Woman[note 2] | Magazine | $10,000,000 | [56] | |
| June 25, 1990 | Cook's[note 3] | Magazines | — | [57] | |
| April 22, 1992 | K-III Magazines-Magazine Sub[note 4] | Subscriber lists | — | [58] | |
| April 20, 1993 | Knapp Communications | Magazines | $175,000,000 | [59] | |
| June 12, 1998 | Wired Magazine[note 5] | Magazines | $90,000,000 | [60] | |
| January 8, 2000 | Fairchild Publications[note 6] | Magazines and newspapers | $650,000,000 | [61] | |
| September 5, 2001 | Johansens [note 7] | Accommodation guides | — | [62] | |
| February 28, 2002 | Modern Bride Group[note 8] | Magazines | $52,000,000 | [63] | |
| March 28, 2002 | Ideas Publishing Group[note 9] | Publishing | — | [64] | |
| July 11, 2006 | Lycos Inc-Wired News[note 10] | Online news | $25,000,000 | [65] | |
| July 20, 2006 | Nutrition Data | Internet service provider | — | [66] | |
| October 31, 2006 | Social news | — | [67] | ||
| April 23, 2008 | SFO*Media | Web sites | — | [68] | |
| May 20, 2008 | Ars Technica | Web sites | — | [69] | |
| April 11, 2012 | ZipList | Web sites & Mobile Apps | $14,000,000 | [70] | |
| October 13, 2015 | Pitchfork | Web sites | — | [34] |
Stakes
[edit]| Date | Company | Business | Country | Value (USD) | Ref. |
|---|---|---|---|---|---|
| November 29, 1988 | Wagadon[note 11] | Magazines | — | [71] | |
| January 19, 1994 | Wired Magazine | Magazines | — | [72] | |
| January 17, 2001 | Ideas Publishing Group[note 12] | Publishing | — | [73] |
See also
[edit]- Genwi (2011) launch of Condé Nast's "The Daily W" app
Notes
[edit]- ^ Citicorp-Signature Magazine was acquired from Citigroup.
- ^ Harris Publications-Woman was acquired from Harris Publications.
- ^ Pennington Publishing-Cook's was acquired from Bonnier AB.
- ^ K-III Magazines-Magazine Sub was acquired from Primedia (now Rent Group).
- ^ Wired Magazine was acquired from Telefonica.
- ^ Fairchild Publications was acquired from The Walt Disney Company.
- ^ Johansens, the parent company of Daily Mail, was acquired from Rothermere Investments.
- ^ Modern Bride Group was acquired from Primedia (now Rent Group).
- ^ Ideas Publishing Group was acquired from Advance Publications.
- ^ Lycos Inc-Wired News was acquired from Telefonica.
- ^ Conde Nast Publications acquired a 40% interest in Wagadon.
- ^ Conde Nast Publications acquired a majority interest in Ideas Publishing Group.
References
[edit]- ^ "Advance Publications". Forbes. Archived from the original on November 3, 2021. Retrieved November 3, 2021.
- ^ A Brief History of the Condé Nast Publications, New York: CNP, 1993.
- ^ Brown, Marianne (June 20, 2017). "Conde Nast −1040 Park Avenue Home, Work & Play". LinkedIn. Archived from the original on November 3, 2021. Retrieved November 3, 2021.
- ^ "American Golfer Magazine 1908–1920". golfclubatlas.com. Archived from the original on May 18, 2021. Retrieved May 18, 2021.
- ^ "Today in History: March 26". Library of Congress. November 9, 2010. Archived from the original on February 10, 2012. Retrieved November 2, 2011.
- ^ Merchant, Robert (December 14, 2015). "Effort afoot to restore Condé Nast pillars in Old Greenwich". Greenwich Time. Hearts CT Media. Archived from the original on January 22, 2022. Retrieved January 22, 2022.
- ^ "Condé Nast Publications, Inc. History". Funding Universe. Archived from the original on January 22, 2022. Retrieved January 22, 2022.
- ^ "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.
- ^ Sumner, David E. (2010). The Magazine Century: American Magazines Since 1900. Peter Lang. ISBN 9781433104930. Archived from the original on March 3, 2018. Retrieved March 2, 2018.
- ^ "Charles C. Nast, 77, Dies; Ex-Chief of 42d Infantry". The New York Times. New York, NY. January 11, 1981. p. Section 1, Page 34. Archived from the original on February 25, 2024. Retrieved February 25, 2024 – via TimesMachine.
- ^ Mahon, Gigi (September 10, 1989). "S.I. Newhouse and Conde Nast; Taking Off The White Gloves". The New York Times. Archived from the original on October 26, 2017. Retrieved August 26, 2017.
- ^ "Si Newhouse of Advance Publications, Conde Nast dies at 89". al. Associated Press. October 1, 2017. Archived from the original on October 1, 2019. Retrieved October 1, 2019.
- ^ Hsu, Tiffany (May 15, 2019). "Condé Nast Sells Brides Magazine to Barry Diller's Dotdash". The New York Times. ISSN 0362-4331. Archived from the original on October 1, 2019. Retrieved October 1, 2019.
- ^ Salmans, Sandra (February 6, 1983). "Courting the Elite at Conde Nast". The New York Times. ISSN 0362-4331. Archived from the original on August 4, 2017. Retrieved October 1, 2019.
- ^ Journal, Wendy BoundsStaff Reporter of The Wall Street (June 23, 1999). "Conde Nast's Udell to Step Down As Self Magazine's Editor in Fall". The Wall Street Journal. ISSN 0099-9660. Archived from the original on October 1, 2019. Retrieved October 1, 2019.
- ^ 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.
- ^ 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.
- ^ Christopher, Rea. "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.
- ^ Condé Nast Redesigns Its Future Archived 2018-09-26 at the Wayback Machine, The New York Times, 26 October 2003
- ^ Arrington, Michael. "Breaking News: Condé Nast/Wired Acquires Reddit". TechCrunch. Archived from the original on February 15, 2018. Retrieved March 2, 2018.
- ^ Pérez-Peña, Richard (July 10, 2007). "Condé Nast to Close Jane, Ending Effort at Revival". The New York Times. ISSN 0362-4331. Archived from the original on April 13, 2022. Retrieved April 13, 2022.
- ^ Elliott, Stuart; Pérez-Peña, Richard (November 6, 2007). "Publication to Cease for House & Garden". The New York Times. ISSN 0362-4331. Archived from the original on April 13, 2022. Retrieved April 13, 2022.
- ^ "Conde Nast Closing 'Gourmet', 3 Other Magazines". NPR. October 5, 2009. Archived from the original on April 13, 2022. Retrieved April 13, 2022.
- ^ Hopkins, Kathryn (November 25, 2020). "Them's Whembley Sewell Takes Over Love Magazine". Women's Wear Daily. Retrieved June 1, 2024.
- ^ 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.
- ^ Vranica, Suzanne. "Magazines Join With New Tablet Challenger". The Wall Street Journal. September 29, 2011. Archived from the original on March 17, 2015. Retrieved November 3, 2011.
- ^ Tatiana Siegel (May 12, 2013). "Conde Nast Launches Digital Video Network – The Hollywood Reporter". The Hollywood Reporter. Archived from the original on May 20, 2013. Retrieved June 23, 2013.
- ^ Erik Hayden (May 15, 2013). "Conde Nast Entertainment Launches 'Wired' Video Channel". The Hollywood Reporter. Archived from the original on June 24, 2013. Retrieved June 23, 2013.
- ^ 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 June 24, 2013. Retrieved June 23, 2013.
- ^ Buckley, Cara (October 23, 2013). "Sued Over Pay, Condé Nast Ends Internship Program". The New York Times. Archived from the original on May 6, 2017. Retrieved February 15, 2017.
- ^ "Why Condé Nast Felt It Had To Stop Using Interns". Forbes. October 24, 2013. Archived from the original on July 22, 2017. Retrieved August 26, 2017.
- ^ "Condé Nast Colonizes Lower Manhattan". The New York Times. September 30, 2015. ISSN 0362-4331. Archived from the original on March 3, 2018. Retrieved March 2, 2018.
- ^ Somaiya, Ravi (September 14, 2015). "Condé Nast Names Robert Sauerberg New C.E.O." The New York Times. Archived from the original on September 17, 2015. Retrieved September 14, 2015.
- ^ a b Somaiya, Ravi (October 13, 2015). "Condé Nast Buys Pitchfork Media". The New York Times. Archived from the original on October 8, 2017. Retrieved October 13, 2015.
- ^ Emma Bazilian (July 26, 2016). "Condé Nast Is Connecting Media Consumption and Purchase Data to Improve Branded Content". Adweek. Archived from the original on July 27, 2016. Retrieved July 28, 2016.
- ^ Steigrad, Alexandra (November 1, 2016). "Charles Townsend Retires from Condé Nast as Chairman". WWD. Archived from the original on March 22, 2021. Retrieved March 19, 2021.
- ^ Kandell, Jonathan (October 1, 2017). "S.I. Newhouse Jr., Who Turned Condé Nast Into a Magazine Powerhouse, Dies at 89". The New York Times. ISSN 0362-4331. Archived from the original on October 1, 2017. Retrieved May 18, 2021.
- ^ "Condé Nast Influencer Platform: 'Journalism' for Cash?". Ikon London Magazine. March 2, 2018. Archived from the original on May 24, 2018. Retrieved March 3, 2018.
- ^ Spangler, Todd (May 13, 2019). "Discovery Buys Golf Digest From Condé Nast for $30 Million". Variety. Archived from the original on May 16, 2019. Retrieved May 13, 2019.
- ^ Hays, Kali (August 13, 2019). "Condé Nast Hits Back Hard at Stefano Tonchi's W Magazine Lawsuit". WWD. Archived from the original on March 3, 2021. Retrieved March 19, 2021.
- ^ "Condé Nast Calls Stefano Tonchi a "Faithless Servant" and Sues". Daily Front Row. August 13, 2019. Archived from the original on January 28, 2021. Retrieved March 19, 2021.
- ^ "Keeping Up With the Conde Nast (' CTR)". Anyword. February 23, 2018. Archived from the original on April 13, 2022. Retrieved April 13, 2022.
- ^ "Condé Nast veut développer les revenus issus des lecteurs". Le Figaro. October 2019. Archived from the original on January 14, 2020. Retrieved January 14, 2020.
- ^ Helmore, Edward (June 13, 2020). "Can Anna Wintour survive fashion's reckoning with racism?". The Guardian. Archived from the original on June 13, 2020. Retrieved June 13, 2020.
- ^ Robertson, Katie; Mullin, Benjamin (November 1, 2023). "Condé Nast, Publisher of Vogue, Will Cut 5% of Its Work Force". The New York Times. ISSN 0362-4331. Archived from the original on November 1, 2023. Retrieved November 1, 2023.
- ^ Kilkenny, Katie (January 23, 2024). "Condé Nast Union Members Launch 24-Hour Walkout Amid Layoff Talks". The Hollywood Reporter. Archived from the original on January 24, 2024. Retrieved January 24, 2024.
- ^ Stenzel, Wesley (January 23, 2024). "Anne Hathaway walks out of Vanity Fair photoshoot in solidarity with union strike". EW.com. Archived from the original on January 24, 2024. Retrieved January 24, 2024.
- ^ Burch, Sean (December 5, 2024). "Condé Nast Cuts More Jobs in Another Round of Media Layoffs". TheWrap. Retrieved December 31, 2024.
- ^ Ronald, Issy (October 6, 2025). "Vogue publisher Condé Nast stops showing fur in all editorial and advertising". CNN. Retrieved October 21, 2025.
- ^ Bolies, Corbin (November 7, 2025). "Condé Nast Union Files Federal Labor Complaint Over Company's Firings After HR Clash | Exclusive". TheWrap. Archived from the original on November 10, 2025. Retrieved November 10, 2025.
- ^ Elliott, Stuart (August 10, 1999). "THE MEDIA BUSINESS: ADVERTISING; Conde Net is staking about $20 million on an effort to draw more attention to its Web sites". The New York Times. Archived from the original on November 1, 2023. Retrieved September 10, 2023.
- ^ "The world of Hibernia" Archived 2012-04-07 at the Wayback Machine. National Library of Ireland Catalog.
- ^ "Bad tidings; it is the end of the World of Hibernia – Independent.ie". October 12, 2002. Archived from the original on December 20, 2016. Retrieved December 12, 2016.
- ^ "what-we-lost-when-conde-nast-unceremoniously-shuttered-teen-vogue"
- ^ "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.
- ^ "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.
- ^ "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.
- ^ "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.
- ^ "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.
- ^ "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.
- ^ "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.
- ^ "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.
- ^ "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.
- ^ "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.
- ^ "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.
- ^ "Conde Nast Publications Inc acquires NutritionData.com (2006/07/20)". Thomson Financial. Archived from the original on August 28, 2010. Retrieved October 28, 2008.
- ^ "Breaking News: Condé Nast/Wired Acquires Reddit (2006/10/31)". TechCrunch. October 31, 2006. Archived from the original on November 17, 2006. Retrieved October 31, 2006.
- ^ "Conde Nast Publications Inc acquires SFO*Media LLC (2008/05/20)". Reuters. April 24, 2008. Archived from the original on September 10, 2012. Retrieved November 14, 2008.
- ^ "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.
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- ^ "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.
External links
[edit]Condé Nast
View on GrokipediaHistory
Founding and Early Expansion (1909–1940s)
Condé Montrose Nast established Condé Nast Publications in 1909 by purchasing Vogue, a weekly New York society gazette founded in 1892 by Arthur Baldwin Turnure that had struggled financially after Turnure's death in 1906.[5] [1] Nast, previously a circulation manager at Collier's Weekly, invested $4,000 in the acquisition and reoriented the magazine toward fashion coverage for affluent women, emphasizing high-quality production values including better paper stock, color lithography, and artistic covers to attract luxury advertisers.[6] [7] Early expansion included the 1913 launch of Vanity Fair, formed by acquiring and merging the rival Dress magazine for $3,000, which targeted sophisticated literary and cultural content under editor Frank Crowninshield.[1] [8] In 1915, the company acquired House & Garden, originally launched in 1901 as an architecture-focused journal, transforming it into a leading authority on interior design and upscale home living.[1] [9] The following year, British Vogue debuted, initiating international editions and leveraging Nast's strategy of adapting content for global elite markets.[1] Through the 1920s, Condé Nast pioneered magazine innovations such as rotogravure color printing and extensive use of photography over drawings, enhancing visual appeal and ad revenue from high-end brands.[6] The Great Depression strained operations in the 1930s, leading to Vanity Fair's closure in 1936 after accumulating losses, but the company responded by launching Glamour in 1939 as a lower-priced digest-sized fashion magazine aimed at working women, which quickly grew circulation to over 500,000 by 1940.[8] [9] By the early 1940s, amid World War II paper shortages and Nast's death in 1942, the firm sustained its core titles through wartime adaptations, including reduced page counts and patriotic content, while maintaining a focus on aspirational lifestyle publishing.[7][9]Post-War Growth and Acquisitions (1950s–1970s)
In 1959, Samuel Irving Newhouse Sr. acquired Condé Nast Publications for an undisclosed sum, marking a pivotal shift from the company's pre-war struggles with financial losses and reduced operations during World War II.[1][9] At the time, the portfolio included core titles such as Vogue, Glamour, House & Garden, and Brides, which Newhouse had separately acquired that year to bolster bridal content amid rising post-war consumer affluence.[10] This purchase integrated Condé Nast into the Newhouse family's Advance Publications empire, emphasizing high-end advertising revenue from luxury brands targeting an upscale readership, with circulations for flagship magazines like Vogue exceeding 400,000 by the early 1960s through enhanced color printing and photographic quality.[9] The acquisition facilitated operational efficiencies and content upgrades, including investments in premium paper stock and art direction to differentiate from mass-market competitors, driving profitability by the mid-1960s.[9] Newhouse Sr. also purchased Street & Smith Publications in 1959, incorporating Mademoiselle—a title aimed at college-educated women—and various sports annuals, though the latter were later divested as focus sharpened on lifestyle and fashion segments.[9] International expansion accelerated, with partnerships like the 1966 licensing of Italian Vogue to bolster global brand presence amid Europe's economic recovery and America's export of consumer culture.[9] These moves capitalized on post-war demographic booms, such as suburbanization and rising disposable incomes, positioning Condé Nast's magazines as arbiters of aspirational taste with ad pages increasing significantly for titles like Glamour, which reached over 2 million subscribers by the 1970s.[9] By the 1970s, leadership transitioned toward S.I. Newhouse Jr. (Si), who was named chairman in 1975 following his father's death, inheriting a stabilized operation with seven primary U.S. titles generating robust revenue from elite advertisers.[1] Under Si's influence, the company pursued selective acquisitions, culminating in the 1979 purchase of Gentlemen's Quarterly (GQ) from Esquire Inc. for an estimated $13 million, expanding into menswear and lifestyle markets to capture growing male consumer spending.[1][9] This era's growth reflected a strategic emphasis on niche, high-margin audiences rather than broad circulation, with total company revenues surpassing $100 million annually by decade's end, though vulnerabilities to economic downturns persisted due to reliance on discretionary luxury advertising.[9]S.I. Newhouse Era and Portfolio Buildup (1980s–1990s)
Under S.I. Newhouse Jr.'s leadership as chairman, Condé Nast expanded aggressively through targeted acquisitions and relaunches, shifting from a focus on fashion titles like Vogue and Glamour to a broader array of upscale lifestyle and cultural magazines. Newhouse, who assumed the role in 1975 following his father's ownership since 1959, emphasized high-production values, star editors, and aspirational content to appeal to affluent readers, resulting in a portfolio that grew from five core women's magazines to over 15 titles by the late 1980s.[11] This buildup capitalized on the era's economic boom and advertising surge in print media, with revenues bolstered by luxury brand partnerships.[12] A pivotal move was the 1983 relaunch of Vanity Fair, originally published from 1914 to 1936, which Newhouse approved after an announcement in 1981; the first issue under editor Frank Crowninshield's successor, Tina Brown (appointed in 1984), emphasized celebrity journalism and long-form features, achieving profitability by 1984 through innovative covers and scoops.[13] [14] In 1985, Condé Nast acquired The New Yorker for an undisclosed sum, preserving its editorial independence while integrating it into the portfolio; this purchase, valued at around $200 million in contemporary reports, added a prestigious literary weekly with a circulation exceeding 500,000, though it initially faced advertiser resistance to its understated aesthetic.[15] Earlier in the decade, the 1979 acquisition of GQ (formerly Gentleman's Quarterly, founded 1931) expanded into men's fashion and lifestyle, rebranded fully by 1980 to target professional males with features on style and culture.[1] The late 1980s saw further diversification with international and niche launches, including the 1982 acquisition of British society magazine Tatler for £11 million, marking Condé Nast's push into European high society coverage. In 1987, Condé Nast Traveler debuted under editor-in-chief Frank Lalli, focusing on luxury travel with photography-heavy spreads and reader polls, quickly attaining a circulation of over 700,000 by 1990.[1] Newhouse's strategy involved recruiting prominent talent, such as Anna Wintour as Vogue editor in 1988, whose debut cover emphasized accessible glamour, boosting ad pages amid competition from tabloids.[1] These efforts extended to food and home sectors, with Gourmet (acquired 1979 but revitalized in the 1980s) and Architectural Digest emphasizing epicurean and design content for elite audiences.[16] By the 1990s, the portfolio included new entrants like Allure (launched 1991, targeting beauty trends) and Wired (acquired 1998 after its 1993 founding), reflecting adaptation to emerging tech and wellness interests, though print dominance persisted with total revenues surpassing $1 billion annually by mid-decade.[17] Newhouse's hands-on yet deferential approach—granting editors autonomy while funding lavish production—fostered brand prestige, but critics noted overreliance on ad revenue from luxury sectors vulnerable to economic shifts.[18] This era solidified Condé Nast's reputation for glossy, influential journalism, with titles like Vanity Fair and The New Yorker winning multiple National Magazine Awards.[19]Digital Transition and Financial Strains (2000–2009)
During the early 2000s, Condé Nast began tentative steps toward digital expansion while remaining heavily reliant on print advertising revenue, which constituted the bulk of its income. In 2000, the company launched Style.com as an online companion to its fashion titles Vogue and W, providing digital content such as photo galleries and articles to complement print editions.[20] Wired, acquired by Condé Nast in 1998, repurchased its digital assets in 2006 and expanded online through the acquisition of Reddit that year, signaling early recognition of internet potential in tech and community-driven content.[21][22] However, these initiatives generated limited revenue, as the company lagged behind competitors in fully integrating digital strategies, with print ad pages declining 11.9 percent from 2000 to 2001 amid the dot-com bust's aftermath.[23] Financial pressures intensified throughout the decade due to eroding print advertising, particularly in luxury and lifestyle sectors vulnerable to economic cycles. By the mid-2000s, high production costs and a culture of lavish spending—rooted in prior decades' profitability—clashed with slowing revenue growth, even as acquisitions like Golf Digest in 2001 for $435 million aimed to bolster the portfolio. The 2008 global financial crisis accelerated the downturn, with U.S. magazine ad sales dropping sharply; Condé Nast faced an estimated $1 billion reduction in advertising revenue for 2009 alone, contributing to overall losses.[24] This decline, driven by advertisers shifting budgets amid recessionary caution, exposed structural vulnerabilities in a model dependent on high-end ad spending that plummeted as consumer confidence waned.[25] In response to these strains, Condé Nast implemented severe cost-cutting measures in 2009, including the closure of four magazines—Gourmet, Modern Bride, Elegant Bride, and Domino—along with the shuttering of the two-year-old Condé Nast Portfolio, citing unsustainable ad revenue shortfalls.[26] The company also enacted 25 percent budget reductions across surviving titles, leading to over 350 layoffs and the elimination of six titles that year, affecting staff at publications like Glamour, GQ, Vanity Fair, and Brides.[27][28] These actions, guided by external consultants, reflected a broader industry reckoning with digital disruption but prioritized immediate survival over aggressive online pivots, as print losses mounted without commensurate digital offsets.[29]Modern Challenges and Restructuring (2010–present)
In the 2010s, Condé Nast confronted the erosion of print advertising revenue amid the rise of digital media platforms, prompting early efforts to implement subscriber-only digital access for its magazines starting in 2011.[30] These initiatives included launching paid apps for titles like Wired and Vogue, which saw initial sales exceeding 7,500 and 8,500 units respectively by early 2011.[31] However, the transition proved challenging, as print ad declines accelerated, leading to operational restructurings and layoffs, including approximately 90 staff reductions in 2012 to align costs with shifting revenue streams.[32] By mid-decade, the company relocated its headquarters to floors 20 through 44 of One World Trade Center in November 2014, occupying about 1 million square feet as its primary tenant and signaling a commitment to revitalizing its operational base amid industry turbulence.[33] Further adaptations followed, with 2017 cuts affecting up to 80 positions and the cessation of Teen Vogue's print edition to prioritize digital formats.[34] In 2018, digital operations faced additional layoffs as the firm grappled with over $120 million in annual losses, prompting sales of titles like Brides, Golf Digest, and W.[35][36] The appointment of Roger Lynch as CEO in 2019 marked a intensified push toward a digital-first model, integrating U.S. and international operations and emphasizing video content, subscriptions, and e-commerce.[37] Under Lynch, Condé Nast achieved profitability by 2022 with nearly $2 billion in revenue, driven by 14% subscription growth and digital audience expansion to 360 million monthly users.[38][39] Yet, revenue stagnated in 2023, falling short of targets due to shifts in digital advertising toward short-form video platforms like TikTok, prompting a 5% workforce reduction affecting around 270-300 employees.[40][41][42] Subsequent years saw repeated restructurings, including December 2024 layoffs targeting C-suite executives, events, social media, and editorial staff to consolidate commercial and consumer revenue teams.[43] Additional cuts occurred in 2025, reflecting ongoing adaptation to a media landscape where print's dominance has waned, with Lynch projecting video to comprise one-third of revenue by 2027.[44][45] By 2022, Lynch declared the company "no longer a magazine company," underscoring a pivot from legacy print models to diversified digital enterprises amid persistent financial pressures.[30]Ownership and Governance
Advance Publications Ownership
Advance Publications, a privately held media conglomerate founded in 1922 by Samuel Irving Newhouse Sr., acquired Condé Nast Publications in 1959 for $5 million, integrating it as a key subsidiary focused on high-end magazine publishing.[1][46] The purchase, announced in March 1959, transferred control from Condé Nast's prior ownership under the Nast family and other stakeholders to Newhouse, who had built Advance through newspaper acquisitions starting in the 1920s.[47] This move diversified Advance beyond local newspapers into national lifestyle and fashion titles, leveraging Condé Nast's established brands like Vogue and Glamour to expand revenue streams.[48] The Newhouse family retains full ownership of Advance, operating it as a family-controlled entity with no public stock issuance or external investors, which has allowed strategic decisions insulated from shareholder pressures.[49] Upon Samuel I. Newhouse Sr.'s death in 1979, control passed to his sons, Samuel I. Newhouse Jr. (known as Si Newhouse) and Donald Newhouse, who jointly oversaw Advance's portfolio, including Condé Nast.[50] Si Newhouse served as Condé Nast's chairman from 1975 until his death in 2017, during which he expanded the division through acquisitions like GQ in 1959 (post-Condé Nast purchase) and The New Yorker in 1985, emphasizing editorial autonomy and luxury branding.[1] Donald Newhouse has focused more on Advance's newspaper and other media arms, maintaining the family's low-profile governance style.[51] Today, Advance continues as a family-held business under the stewardship of Donald Newhouse and his son Steven O. Newhouse, who serves as CEO of Advance and chairman of Condé Nast, ensuring continuity in ownership without dilution.[52] This structure has supported Condé Nast's operations amid industry shifts, with Advance providing financial backing for digital transitions while preserving the parent company's emphasis on long-term media investments over short-term profits.[49] The absence of public reporting requirements keeps detailed financial interdependencies between Advance and Condé Nast opaque, though Advance's broader assets, including newspapers via Advance Local and stakes in entities like Reddit (acquired via Condé Nast in 2006 and later sold), underscore the integrated family empire.[48]Key Leadership Figures
Samuel Irving Newhouse Jr., commonly known as Si Newhouse, acquired Condé Nast through his family's Advance Publications in 1959 and served as chairman from 1975 until his death on October 1, 2017, at age 89.[53][46] Under his leadership, the company expanded its portfolio through aggressive acquisitions and editorial investments, elevating titles like Vogue, The New Yorker, and Vanity Fair to industry dominance, though this era also saw high operational costs and lavish spending criticized for contributing to later financial pressures.[12] Roger Lynch has been chief executive officer since April 2019, marking the first global CEO role that unified U.S. and international operations across 32 markets.[5][54] Prior to joining from Pandora Media, where he served as president and CEO, Lynch implemented cost controls, digital pivots, and revenue diversification, guiding the company to profitability in 2021 amid print declines and pandemic disruptions.[54][55] Anna Wintour, editor-in-chief of Vogue since 1988, holds the position of chief content officer for Condé Nast, overseeing editorial strategy for brands including Wired, Vanity Fair, GQ, and global Vogue editions.[56][57] In June 2025, she transitioned day-to-day oversight of U.S. Vogue editorial while retaining global directorial and content officer roles, reflecting her enduring influence on fashion media despite critiques of her centralized control and industry favoritism.[58][59] Jonathan Newhouse, son of S.I. Newhouse Jr., chairs the board of Condé Nast International, focusing on overseas expansions and adaptations since the 1980s.[60] His tenure has emphasized localized content for markets like Europe and Asia, complementing the global structure under Lynch.[61]Corporate Structure and Decision-Making
Condé Nast operates as a wholly owned subsidiary of Advance Publications, a privately held media conglomerate controlled by the Newhouse family, which exerts significant influence over major strategic decisions through its ownership structure.[62] Advance, founded by Samuel Irving Newhouse Sr. and now led by descendants including chairman Samuel Irving Newhouse Jr. and president Donald Newhouse, maintains tight control without public shareholder accountability, allowing family priorities to shape Condé Nast's direction on investments, acquisitions, and cost management.[63] This hierarchical setup centralizes high-level governance at Advance, where family members approve pivotal moves, such as the 2011 transfer of Reddit from Condé Nast to direct Advance oversight, reflecting a pattern of reallocating assets to optimize the broader portfolio.[64] Within Condé Nast, decision-making is led by a global executive team under CEO Roger Lynch, appointed in 2019 to drive operational restructuring amid print declines.[65] Lynch reports to chairman Jonathan Newhouse, a Newhouse family member who oversees content and editorial strategy while ensuring alignment with Advance's financial goals; this dual role facilitates family input on brand-defining choices, such as digital pivots and international expansions.[66] The board, expanded in 2019 to include independent directors for the first time—alongside Lynch and Newhouse—provides advisory input but lacks the veto power typical in public companies, underscoring the private ownership's dominance in final approvals for mergers, layoffs, and tech investments.[67] Operationally, decisions cascade through regional managing directors for markets like the U.S., UK, India, and Asia, who handle localized adaptations under global mandates from New York headquarters.[5] For instance, Lynch's initiatives, including a 2024 emphasis on AI oversight and data governance, reflect CEO-led agility in responding to market shifts, yet these require Advance's tacit endorsement given the parent's history of intervening in underperforming units, as seen in past divestitures.[68] This structure prioritizes long-term family wealth preservation over short-term public metrics, enabling bold moves like the 2023 commerce team expansions but also contributing to criticisms of slow adaptation to digital revenue models.[69]Publications and Media Assets
Core American Print Magazines
![VOGUE_LOGO.svg.png][float-right] Condé Nast's core American print magazines encompass flagship titles that emphasize fashion, culture, journalism, men's lifestyle, and technology, sustaining physical editions amid industry shifts toward digital formats. These publications, including Vogue, The New Yorker, Vanity Fair, GQ, and Wired, generate significant revenue through advertising and subscriptions, with combined circulations exceeding several million copies annually as of recent audits.[70][71] Vogue, the company's oldest and most iconic title, was originally launched in 1892 as a weekly society gazette before Condé Montrose Nast acquired it in 1909, transforming it into a biweekly fashion and lifestyle authority with high-quality photography and editorial influence on trends. Under Condé Nast ownership, Vogue has maintained a print presence, serving as a benchmark for luxury advertising, though exact recent U.S. circulation figures remain proprietary; it reaches millions through print and digital combined.[1][72] The New Yorker, acquired by Advance Publications (Condé Nast's parent) in 1985 for an undisclosed sum amid resistance from staff, specializes in long-form journalism, fiction, criticism, and cartoons, with a total circulation of 1,319,919 as of October 2025, including substantial digital subscribers. Its acquisition integrated it into Condé Nast's portfolio, enhancing the company's prestige in literary and investigative reporting despite initial cultural clashes.[73][15] Vanity Fair, revived by Condé Nast in 1983 after its original 1914–1936 run and merger with Vogue, focuses on celebrity profiles, politics, and culture, positioning itself as a glossy chronicler of elite society; its modern iteration under editor Graydon Carter from 1992 boosted its profile through investigative pieces and Hollywood coverage. Circulation details are not publicly detailed recently, but it sustains print issues quarterly or monthly, contributing to Condé Nast's luxury ad market share.[74][2] GQ (Gentlemen's Quarterly), rebranded from Apparel Arts in 1957 and fully acquired by Condé Nast around 1979, targets men's fashion, grooming, and lifestyle, with a reported circulation of approximately 934,000 in 2019, evolving to include broader cultural commentary. Its print edition persists, appealing to advertisers in menswear and grooming sectors.[75] Wired, founded in 1993 as a tech and culture pioneer, was purchased by Condé Nast in 1998 for about $90 million following profitability challenges at its parent, with print circulation at 541,614 copies per issue in recent data. The magazine covers innovation, gadgets, and digital policy, maintaining bimonthly print runs alongside robust online engagement.[76][77] Other notable core print titles include Architectural Digest (circulation 824,601), emphasizing luxury interiors and design, and Condé Nast Traveler (over 712,000 circulation), dedicated to high-end travel, both reinforcing Condé Nast's dominance in aspirational lifestyle content.[78][79]Digital Platforms and Ventures
Condé Nast maintains dedicated websites for its major publications, including Vogue.com, GQ.com, Wired.com, and CondéNastTraveler.com, which deliver editorial content, multimedia features, and e-commerce integrations alongside print editions. These platforms leverage a proprietary content management system, CoPilot, implemented in the mid-2010s to streamline digital publishing and audience analytics across brands. Digital audience growth has been a priority, with initiatives focusing on personalized content and data-driven engagement to transition from print-centric models.[80] Condé Nast Entertainment (CNÉ), founded in 2011, serves as the company's primary venture into digital video and production, developing content for film, television, social media, online video, and virtual reality. In 2016, CNÉ introduced "The Scene," a social video network with a dedicated mobile app aggregating short-form videos tied to Condé Nast's lifestyle and fashion brands, aiming to capture millennial and Gen Z viewers amid declining long-form ad viability. By 2023, shifts toward TikTok-inspired short-form content prompted workforce reductions of 5% to realign with platform demands.[81][41] Mobile apps form another digital pillar, with offerings such as Glamour Magazine (UK), House & Garden, and The World of Interiors available on iOS and Android, providing subscription-based access to archives, exclusive stories, and interactive elements. Newsletters have emerged as a high-engagement channel, with consolidation efforts—like those at Bon Appétit—optimizing subscriber lists for relevance and monetization since the early 2020s. A commerce team, established in 2019, integrates affiliate links and branded content to bolster e-commerce, contributing to digital surpassing print revenue by 2023, where consumer segments (subscriptions and e-commerce) accounted for nearly 40% of total revenue. Digital ad revenues rose 38% year-over-year in 2022, though overall 2023 revenue remained flat amid economic pressures.[82][83][84][69][85][86][40] Key titles demonstrate subscription traction, with The New Yorker achieving 468,125 digital-only subscribers in the first half of 2024, excluding print bundles. In the UK, Condé Nast anticipates digital revenue parity with print by late 2025, driven by diversified streams like branded content and targeted advertising. These efforts reflect a broader restructuring toward a "digital-first" model under CEO Roger Lynch, emphasizing audience funnel optimization and cross-platform synergies.[87][88][89]International Editions and Adaptations
Condé Nast's international presence began in 1916 with the launch of British Vogue, establishing the company as a pioneer in publishing localized editions of its core brands beyond the United States.[1] This was followed in 1920 by Vogue Paris under Les Publications Condé Nast, marking early European expansion.[1] The model combines wholly-owned subsidiaries in select markets with licensing agreements to local publishers, allowing adaptations to regional tastes, languages, and cultural contexts while preserving editorial standards and brand identity set by New York headquarters.[90] By the 2000s, this approach enabled rapid growth in emerging markets, such as the 2007 launch of Vogue India as the first fully owned international edition in that country.[1] Vogue leads Condé Nast's global portfolio, with more than 27 international editions as of 2022, including Vogue China (launched 2005), Vogue Arabia (2017), Vogue Ukraine, and Vogue Philippines (2022, via partnership).[91][92] Editions like Vogue France and Vogue Italia feature localized photography, fashion coverage, and contributors, often collaborating on global issues such as the 2021 "Creativity" edition uniting all editions under a shared theme.[91] Similarly, GQ operates in 32 markets, with editions in countries including India, Japan, Mexico, Germany, and Korea, adapting content to local menswear trends and cultural discussions.[75] Condé Nast Traveler (and Traveller in Commonwealth markets) has international versions in the UK, Germany, India, Spain, Italy, China, and the Middle East, emphasizing region-specific travel guides and awards like the annual Readers' Choice.[93] In 2019, the appointment of Roger Lynch as global CEO integrated U.S. and international operations across 11 key markets, fostering unified content strategies and leadership teams for brands to enhance cross-border synergies.[1] This included 2020 initiatives for global editorial alignment, such as joint GQ covers across 17 editions focused on future-oriented themes.[94] Adaptations often involve tailoring advertising, celebrity features, and lifestyle segments—e.g., Glamour Mexico's emphasis on Latin American influencers since its 1998 debut under Condé Nast Mexico & Latin America—while revenue from licensing supports expansion without full operational control in every territory.[1] Other titles like Tatler (acquired in the UK in 1982) maintain niche adaptations for high society audiences in Asia and Russia.[1] These efforts have positioned Condé Nast as a multinational media entity, though licensing dependencies can lead to variations in editorial independence and quality across editions.[95]Defunct and Discontinued Titles
Condé Nast has shuttered numerous print titles since the late 20th century, primarily due to persistent financial losses, declining advertising revenue, and competition from digital media. These closures accelerated during economic downturns, such as the early 2000s recession and the 2008 financial crisis, reflecting broader challenges in the magazine industry where high production costs outpaced subscriber and ad growth.[96][97] Among early discontinuations, House & Garden, originally launched in 1901, ceased publication in July 1993 following Condé Nast's acquisition of Architectural Digest, which overlapped in content; it was revived in 1996 but closed again in December 2007 after ongoing losses and the abrupt departure of its publisher.[98][99] Similarly, Mademoiselle, a women's fashion and lifestyle magazine published since 1935, ended with its November 2001 issue after 66 years, as weak ad sales failed to support viability despite efforts to merge subscribers with Glamour.[96][100] In the mid-2000s, Condé Nast closed Jane, a revival of the 1990s title aimed at women in their 20s, after its August 2007 issue, ending a decade-long run amid insufficient profitability despite editorial adjustments. YM, a teen magazine acquired by Condé Nast in October 2004, published its final December/January 2004–2005 issue shortly thereafter, with subscribers redirected to Teen Vogue as print teen media struggled against online alternatives.[101][102][103] The 2009 closures marked a significant wave, triggered by the global recession's impact on luxury advertising. Domino, a home décor title launched in 2005, stopped after its March 2009 issue due to unsustainable costs. Portfolio, a business magazine started in 2007 at an estimated $100–150 million investment, closed with its May 2009 issue after failing to attract sufficient advertisers despite high-profile editorial. Gourmet, a 69-year-old food publication, along with parenting title Cookie (launched 2005) and bridal magazines Modern Bride and Elegant Bride, were all discontinued in October 2009, with Gourmet's shutdown drawing particular attention for eliminating a flagship culinary brand in favor of retaining Bon Appétit.[104][105][106][97][107] Later, Details, a men's lifestyle magazine, was shuttered in November 2015 after 29 years (with a hiatus from 2000–2002), as declining print ad revenue and audience overlap with GQ prompted Condé Nast to consolidate resources, laying off staff and redirecting content digitally. These decisions underscore Condé Nast's strategic shifts toward core profitable titles and digital expansion, though they often involved absorbing subscribers into surviving publications like GQ or Vogue.[108][109]Business Operations
Acquisitions and Mergers
Condé Nast's growth strategy has relied heavily on acquiring established print magazines and, later, digital properties to expand its portfolio in fashion, lifestyle, and journalism. Following Samuel I. Newhouse Sr.'s purchase of the company in 1959, acquisitions accelerated, focusing on high-prestige titles that aligned with its upscale brand.[9] These moves often involved buying from struggling competitors or independent publishers, integrating assets to leverage Condé Nast's distribution and advertising networks.[1] Early acquisitions laid the foundation. In 1909, Condé Montrose Nast purchased Vogue from Arthur Turnure, transforming it into a cornerstone of fashion publishing.[1] This was followed by full control of House & Garden in 1915, originally acquired in part in 1911.[9] Post-1959, the company acquired Street & Smith Publications in 1959, gaining Mademoiselle and sports titles like College Football.[9] In the late 1970s and 1980s, Condé Nast targeted lifestyle and society magazines. It purchased Gentlemen's Quarterly (GQ) from Esquire Inc. in 1979.[1] In 1982, it acquired British title Tatler, focused on social news and fashion, and Interiors, which was rebranded as World of Interiors.[1] Gourmet followed in 1983, Details in 1988, and Woman magazine from Harris Publications also in 1988.[9] The landmark purchase of The New Yorker occurred in 1985 for $142 million, bringing a literary flagship into the fold despite initial editorial resistance.[1] The 1990s emphasized gourmet and design sectors alongside early digital forays. Knapp Communications was bought in 1993, adding Architectural Digest and Bon Appétit.[1] Wired magazine was acquired in 1998 for approximately $75 million, marking entry into technology publishing; its online arm, Wired News, was separately repurchased from Lycos in 2006 for $25 million after an interim sale.[110][111] Into the 2000s and 2010s, focus shifted to bridal, international adaptations, and online media. Modern Bride was purchased for $52 million in 2002.[9] A majority stake in Ideas Publishing Group was acquired in 2001 for Spanish-language editions.[9] Digitally, Ars Technica was bought in 2008, and Pitchfork Media in 2015 to bolster music and culture coverage.[1] Wired Ventures acquired Reddit in 2006, which Condé Nast later spun off as an independent entity in 2011 while retaining a minority stake until its full divestiture.[22]| Year | Acquisition | Details |
|---|---|---|
| 1909 | Vogue | Purchased from Arthur Turnure; foundational asset.[1] |
| 1979 | GQ | Bought from Esquire Inc.[1] |
| 1985 | The New Yorker | Acquired for $142 million.[1] |
| 1993 | Architectural Digest and Bon Appétit | Via Knapp Communications purchase.[1] |
| 1998 | Wired | Magazine acquired for ~$75 million.[110] |
| 2008 | Ars Technica | Digital technology site.[1] |
| 2015 | Pitchfork | Music and culture platform.[1] |
