Condé Nast

Condé Nast (/ˌkɒndeɪˈnæst/) is a global mass media

Condé Nast
company founded in 1909 by Condé Montrose Nast (1873–
1942) and owned by Advance Publications.[1] Its
headquarters are located at One World Trade Center in the
Financial District of Lower Manhattan. Company Subsidiary
type
The company's media brands attract more than 72 million Industry Mass media
consumers in print, 394 million in digital and 454 million
Founded 1909
across social media platforms. These include Vogue, The
New Yorker, Condé Nast Traveler, GQ, Glamour, Founder Condé Montrose Nast
Architectural Digest, Vanity Fair, Pitchfork, Wired, and Bon Headquarters One World Trade Center
Appétit, among many others. US Vogue editor-in-chief Anna New York City 10007
Wintour serves as Artistic Director and Global Chief U.S.
Content Officer. In 2011, the company launched the Condé Area served Worldwide
Nast Entertainment division, tasked with developing film, Key people Roger Lynch
television, social and digital video, and virtual reality (Chief executive officer)
content. Anna Wintour
(Artistic Director, Global Chief

History Content Officer)

Products Magazines
The company traces its roots to 1909, when Condé
Montrose Nast, a New York City–born publisher, purchased Parent Advance Publications
Vogue, a printed magazine launched in 1892 as a New York Subsidiaries Condé Nast
weekly journal of society and fashion news.[2] Entertainment
Pitchfork
Nast initially published the magazine under the corporate Edições Globo Condé
name Vogue Company. In 1922, he incorporated Condé Nast (30%)

Nast Publications as the holding company for his interests.[3] Website condenast.com (http://co
Nast had a flair for nurturing elite readers as well as ndenast.com)
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.
Nast 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

One World Trade Center, the
as an anniversary gift for his wife Mitzi, who loved Vogue.[11] He
Manhattan headquarters of the
merged it with the privately held holding company Advance company
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
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.
On February 18, 2009 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.

2010–present
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.[24]

In September 2011, Condé Nast said it would offer 17 of its brands to the Kindle Fire.[25] 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.[26] 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.[27][28]

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.[29][30] In November 2014, the
company moved into One World Trade Center in Manhattan, where its headquarters are now located.[31]
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.[32] On October 13, 2015, Condé Nast announced that it had acquired Pitchfork.[33]

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.[34] The Chairman of the company, Charles Townsend, retired at the end of 2016,[35] and
the Chairman Emeritus Newhouse died the following October.[36]

In March 2018, Condé Nast announced the launch of the influencer-based platform Next Gen.[37] 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. 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.[38] In June of the same year, Condé Nast sold W to a
new holding company, Future Media Group.[39] 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.[40]

Roger Lynch was appointed chief executive officer in April 2019, and in October 2019, announced plans to
increase Condé Nast's revenue from readers.[41][42]

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.[43]

In November 2023, the company announced it would be cutting about 5 percent of its workforce which
would impact approximately 270 employees. Some of the reasons given for this are pressures from digital
advertising, decreasing social media traffic, and shifting audience preferences towards short-form video
content on platforms like TikTok and YouTube Shorts.[44]

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".[45] Anne Hathaway walked out of a Vanity Fair photo shoot the same day, January 23, in
solidarity with the union.[46]

Current US publications and digital assets

Print
Architectural Digest
Bon Appétit
Condé Nast Traveler
GQ
Love
The New Yorker
Vanity Fair
Vogue
Wired

Digital
Allure
Ars Technica
Backchannel
Epicurious
Glamour
Pitchfork
them.
Teen Vogue
Self
La Cucina Italiana

Defunct publications
American Golfer
Cargo
Cookie
Details
 Elegant Bride
Golf for Women
Golf Digest
Gourmet
Jane
Lucky
Mademoiselle
Men's Vogue
Modern Bride
NowManifest (blog)
Portfolio Magazine
Style.com
Swoon.com[47]
Vitals Men
Vitals Women
World of Hibernia [48][49]
WomenSports
YM

Mergers and acquisitions

Acquisitions

Date Company Business Country Value (USD) References

Signature United [50]

December 30, 1987 Magazine —
Magazine[note 1] States

United
November 30, 1988 Woman[note 2] Magazine
States
$10,000,000 [51]

United
June 25, 1990 Cook's[note 3] Magazines
States
— [52]

K-III Magazines- United [53]

April 22, 1992 Subscriber lists —
Magazine Sub[note 4] States

United [54]
April 20, 1993 Knapp Communications Magazines $175,000,000
States

United
June 12, 1998 Wired Magazine[note 5] Magazines $90,000,000 [55]
States
Fairchild Magazines and United [56]
January 8, 2000 $650,000,000
Publications[note 6] newspapers States

[note 7] Accommodation United [57]

September 5, 2001 Johansens —
guides States

Modern Bride United [58]

February 28, 2002 Magazines $52,000,000
Group[note 8] States

Ideas Publishing United [59]

March 28, 2002 Publishing —
Group[note 9] States
 Lycos Inc-Wired United [60]
July 11, 2006 Online news $25,000,000
News[note 10] States

Internet service United [61]

July 20, 2006 Nutrition Data —
provider States

United [62]
October 31, 2006 Reddit Social news —
States
United [63]
April 23, 2008 SFO*Media Web sites —
States

United [64]
May 20, 2008 Ars Technica Web sites —
States

Web sites & Mobile United [65]

April 11, 2012 ZipList $14,000,000
Apps States
United [33]
October 13, 2015 Pitchfork Web sites —
States

Stakes

Value
Date Company Business Country References
(USD)

United
November 29, 1988 Wagadon[note 11] Magazines
States
— [66]

United [67]
January 19, 1994 Wired Magazine Magazines —
States

Ideas Publishing United [68]

January 17, 2001 Publishing —
Group[note 12] States

See also
Genwi (2011) launch of Condé Nast's "The Daily W" app

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.
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External links
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