Posts Tagged "Condé Nast"

Condé Nast has dumped its £234m stake in Farfetch amid concerns over how the luxury marketplace is managed.

Texas Monthly and Conde Nast’s W magazine each announced they are moving to new ownership today. W magazine will join Surface and Watch Journal under a newly formed media company dubbed Future Media Group. W will operate offices in Paris, Milan and New York with a future bureau to open in Los Angeles, under Future Media Group.

Dotdash,  the former About.com, has acquired Brides from Condé Nast, one of three brands the magazine publisher put up for sale this year. Terms of the Brides deal, which closed today, were not disclosed.

Mass media company Discovery, Inc. has acquired Golf Digest from publisher Condé Nast. The move creates the largest digital golf media business in the US and strengthens Australian Golf Digest’s position as the number one golf media company in Australia.

Vogue and GQ publisher Conde Nast made a pre-tax loss of £13.5m in 2017, down from a pre-tax profit of £6.7m a year earlier. The magazine publisher, which also owns Vanity Fair, Tatler and Wired, reported turnover of £113.5m, down 7 per cent year-on-year.

Condé Nast announced earlier this week that it would explore the sale of three of its titles: Brides, Golf Digest and, and perhaps most surprising, W.

Publishers need to find additional sources of revenue and, worryingly, the new generation of so-called “distributed content” services, which held such promise a year ago, are not cutting the mustard. Services such as Facebook Instant Articles, Apple News and Google Accelerated Mobile Pages were supposed to make it easier for publishers to monetise their journalism.

Condé Nast has acquired social data and marketing platform CitizenNet to expand the media company’s audience targeting and data capabilities to its social platforms.

CitizenNet will be incorporated into Condé Nast’s data product “Condé Nast Spire,” which it launched last summer

Spire will combine the publisher’s first-party data with 1010data’s consumer

Condé Nast has acquired Backchannel, a tech business brand from social publishing platform Medium. Backchannel will continue to live on the Medium platform and will be ad supported through that platform, a similar model to Bill Simmons’ The Ringer

Magazines everywhere have been shredded by lost readers and advertising. But millions of worldwide sales are testimony to the global appeal of these disrupted brands. The business model may be broken but the brands are not. International editions of Vogue, Cosmopolitan, National Geographic, Men’s Health, Autocar, Time Out, GQ, Auto Bild, T3, Elle, Robb Report, and a hundred other magazines are reminders of huge audiences and halcyon days. But these long-established brands can now deliver a new future, taking publishers into retailing, consumer services, education, and screen entertainment – to compete with consumer products which are pushing into media content from the other direction

Time Inc., The New York Times, The Wall Street Journal, and Condé Nast are among the publishers signed up to Blendle, a Dutch micropayments platform that launches in the U.S. today

Conde-NastCondé Nast and Hearst Magazines Thursday announced the creation of a joint venture to combine circulation, procurement and production functions between the two companies. The new company, PubWorx LLC, will also seek to serve external clients

Condé Nast will shutter the 33 year-old monthly magazine, which has a total circulation of about 560,000, at the end of the year, according to a Wednesday memo to staff from president Bob Sauerberg.

Apple prepares to launch the new Apple News app, the technology giant is signing up publishing partners at a rapid clip. That reflects its central role in the media landscape and the growing importance of platforms to publishers in search of scale

Condé Nast will launch a global e-commerce business this coming autumn with the mission to sell merchandise to consumers, including readers and users of its magazines and websites such as Vogue, Vanity Fair and Gentlemen’s Quarterly.

Vogue publisher Condé Nast’s UK operation reported a 15.5% drop in pre-tax profits last year to £8.8m. The high-end magazine publisher’s pre-tax profits fell for the second year in a row – profits have halved since 2011

Penske Media Corporation is paying less than $100m for FFM and its events business, buying the company via a subsidiary, Penske Business Media, according to people familiar with the transaction

Condé Nast, the privately held US publisher, is spinning off its shopping magazine, Lucky, in a joint venture with ecommerce site BeachMint that will keep Anna Wintour as an adviser and put more emphasis on selling products to its audience.

Conde Nast is combining its direct digital sales with its programmatic efforts