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| Type | Subsidiary |
|---|---|
| Founded | 1907 |
| Headquarters | Condé Nast Building, New York City |
| Revenue | $5 billion estimated USD, FY 2007 |
| Parent | Advance Publications |
Condé Nast Publications, Inc. is a worldwide magazine publishing company. Its main offices are located in London, Madrid, Miami, Milan, New York, Paris and Tokyo. Condé Nast is run by S.I. Newhouse Jr.
Contents |
History
Condé Nast is credited with creating the now widely used magazine marketing strategy emphasizing magazines focused on a particular class or interest, sometimes known as lifestyle magazines. Many Condé Nast magazines have their principal focus in fashion, although the company's publications also include travel, food, home, culture, and other interests. The company's most recent publication, a business monthly called Condé Nast Portfolio, was shuttered after just over a year, in April 2009.
By 1998 the group included 17 such publications, many of them the largest in their markets. It had an average total circulation of over 13 million issues a month, and an estimated actual readership five times larger than that.
The Condé Nast family of publications also includes Fairchild Publications, a former competitor before it was bought by S.I. Newhouse Jr. Fairchild publishes many successful monthly magazines in addition to the specialized daily trade publication Women's Wear Daily.
Condé Nast Publications was founded by Condé Montrose Nast, who took over the flagship magazine, Vogue, in 1909. In 1959, S.I. Newhouse, Sr. purchased a controlling interest. It is now part of the holding company Advance Publications which is owned by the Newhouse family.
Charles Townsend is the current CEO/president of Condé Nast, Richard D. Beckman is the president of the Condé Nast Media Group, David Carey is the current Group President. Thomas J. Wallace, who was promoted from his position as editor-in-chief of Condé Nast Traveler, is the editorial director.
Condé Nast Media Group is the corporate sales and marketing arm of the company and the creator of the 3-year-old fashion and music spectacular on CBS called Fashion Rocks, which airs the first week in September.
On October 31, 2006, Condé Nast acquired the content aggregation site reddit.[1] On May 20, 2008 it was announced that another popular technology-oriented website, Ars Technica, had been acquired.[2]
Condé Nast folded the women's magazine Jane with its August issue in 2007. Its website was later shut down.[3]
One of Condé Nast's oldest titles and one with a paid circulation of nearly 1 million, the 106-year-old US edition of House and Garden magazine, ceased publication after the December 2007 issue.[4]
In late September 2009, Conde Nast was forced to cut 25% of their budget—citing decrease in advertising sales. [5] The cut comes amid a failing print media industry that is struggling with a transition to a digital business model.[6]
On October 5, 2009 Condé Nast announced the closure of four of its publications: Cookie Magazine, Modern Bride and Elegant Bride. Gourmet Magazine will cease monthly publication with its November 2009 issue. The Gourmet brand will continue to focus on television programing and cookbooks.[1]
Current publications
The company publishes one of the most recognizable magazine portfolios in the industry.
Fashion and lifestyle
Home
- Architectural Digest
- Maison & Jardin
- Vogue Decoration
- House and Garden
Bridal
Golf
- Golf Digest
- Golf World
- Golf for Women
Food
Travel
Technology
Culture
Defunct publications
- Condé Nast Portfolio
- Domino
- House and Garden (defunct in U.S.; still published in U.K.)
- Jane
- Vitals Men
- Vitals Women
- Modern Bride
- Elegant Bride
- Gourmet
- Cookie
Related Internet sites
- arstechnica.com
- Brides.com
- concierge.com
- condenaststore.com
- condenet.com
- cookiemag.com
- epicurious.com
- Flip.com
- men.style.com
- NewYorker.com
- newyorkerstore.com
- Portfolio.com
- reddit.com
- style.com
- stylefinder.com
- webmonkey.com
- Wired.com
Mergers and acquisitions
References
- ^ Arrington, Michael (October 31, 2006). "Breaking news: Condé Nast/Wired Acquires Reddit". TechCrunch. http://www.techcrunch.com/2006/10/31/breaking-news-conde-nastwired-acquires-reddit/. Retrieved 2007-01-06.
- ^ "Ars Technica acquired by Condé Nast: the low-down". Ars Technica. 20 May, 2008. http://arstechnica.com/news.ars/post/20080519-ars-technica-acquired-by-conde-nast-the-low-down.html. Retrieved 2008-05-20.
- ^ Jane Magazine Redirect / Goodbye Message
- ^ Moses, Lucia (November 5, 2007). "CN Closes House & Garden". Mediaweek (Nielsen Business Media). http://www.mediaweek.com/mw/news/recent_display.jsp?vnu_content_id=1003668039. Retrieved 2008-04-07.
- ^ Clifford, Stephanie (2009-09-27). "Cuts Meet a Culture of Spending at Condé Nast". The New York Times. http://www.nytimes.com/2009/09/28/business/media/28conde.html. Retrieved 2009-09-27.
- ^ What Does Condé Nast’s 25% Cut Mean for Magazines?
External links
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