Future Media Group Acquires ‘W’ Magazine

Conde Nast’s W magazine announced it is moving to new ownership today.

magazine will join Surface and Watch Journal under a newly formed media company dubbed Future Media Group. will operate offices in Paris, Milan and New York with a future bureau to open in Los Angeles, under Future Media Group. Financial terms of the sale were not disclosed.

Moonves has previously worked at Vogue and T: The New York Times Style Magazine. She joined W in 2017 as style director.

Marc Lotenberg, CEO of Future Media Group, noted Moonves’ “enormous credibility in the fashion community, not to mention a forward-thinking sensibility” as assets that will serve the title “beyond its core print distribution into various offline, online and augmented formats.”

Under the new arrangement, will continue to publish eight print issues a year. The title reports over 500,000 paid subscribers, with a digital global media reach of more than 3 million users a month on its website. Its videos count 23 million views on average per month.

also operates within 20 different Instagram franchises.

Conde Nast will provide support during the transitional period. The sale of follows the recent sales of Brides and Golf by Conde Nast.

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