Condé Nast

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Condé Nast (Template:IPAc-en) is a global mass media company founded in 1909 by Condé Montrose Nast (1873–1942) and owned by Advance Publications.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Its headquarters are located at One World Trade Center in the Financial District of Lower Manhattan.

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. 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

File:One World Trade Center May 2015.jpg

One World Trade Center, the Manhattan headquarters of the company

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.<ref>A Brief History of the Condé Nast Publications, New York: CNP, 1993.</ref>

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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name="International Directory of Company Histories, Vol.59. St. James Press, 2004.">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Glamour, launched in 1939, was the last magazine personally introduced to the company by Nast, who died in 1942.<ref>Template:Cite book</ref> The Nast family connection to the publishing business remained, with Nast's son Charles Coudert Nast serving as the company's longtime general counsel.<ref>Template:Cite news</ref>

In 1959, Samuel I. Newhouse bought Condé Nast for US$5 million as an anniversary gift for his wife Mitzi, who loved Vogue.<ref name="mahon19890910">Template:Cite news</ref> 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.<ref> {{#invoke:citation/CS1|citation |CitationClass=web }} </ref> Under Newhouse, Condé Nast acquired Brides in 1959,<ref>Template:Cite news</ref> revived Vanity Fair in 1983 after it was shuttered in 1936,<ref>Template:Cite news</ref> and launched the new publication Self in 1979.<ref>Template:Cite news</ref>

2000–2009

At the outset of the new millennium in January 2000, Condé Nast moved from 350 Madison Avenue to 4 Times Square.<ref>Bagli, Charles. {{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The move was viewed as a significant catalyst for the redevelopment of Times Square.<ref>Agovino, Theresa. {{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In the same year, Condé Nast purchased Fairchild Publications<ref>Kuczynski, Alex. {{#invoke:citation/CS1|citation |CitationClass=web }}</ref> (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.<ref>Condé Nast Redesigns Its Future Template:Webarchive, The New York Times, 26 October 2003</ref> On October 31, 2006, Condé Nast acquired the content aggregation site Reddit,<ref>Template:Cite news</ref> 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.<ref>Template:Cite news</ref> One of Condé Nast's oldest titles, the American edition of House and Garden, ceased publication after the December 2007 issue.<ref>Template:Cite news</ref> 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.<ref>Template:Cite news</ref> 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.<ref name=sewellwwd>Template:Cite news</ref>

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.<ref>Kaplan, David. {{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In September 2011, Condé Nast said it would offer 17 of its brands to the Kindle Fire.<ref>Vranica, Suzanne. {{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref name="Conde Nast Launches Digital Video Network - The Hollywood Reporter">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref name="Conde Nast Entertainment Launches 'Wired' Video Channel - The Hollywood Reporter">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name="Condé Entertainment Previews Video Channels for Vogue, Wired and Vanity Fair">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

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.<ref>Template:Cite news</ref><ref>Template:Cite news</ref> In November 2014, the company moved into One World Trade Center in Manhattan, where its headquarters are now located.<ref>Template:Cite news</ref> 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> On October 13, 2015, Condé Nast announced that it had acquired Pitchfork.<ref name=nyt-condenastpitchfork>Template:Cite news</ref>

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.<ref>Template:Cite news</ref> The Chairman of the company, Charles Townsend, retired at the end of 2016,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> and the Chairman Emeritus Newhouse died the following October.<ref>Template:Cite news</ref>

In March 2018, Condé Nast announced the launch of the influencer-based platform Next Gen.<ref>Template:Cite news</ref> 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.Template: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.<ref>Template:Cite news</ref> In June of the same year, Condé Nast sold W to a new holding company, Future Media Group.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Roger Lynch was appointed chief executive officer in April 2019, and in October 2019, announced plans to increase Condé Nast's revenue from readers.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

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.<ref>Template:Cite news</ref>

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".<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Anne Hathaway walked out of a Vanity Fair photo shoot the same day, January 23, in solidarity with the union.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In December 2024, Condé Nast announced additional layoffs specifically targeting top executives at the company.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

American digital assets and publications

Digital assets

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

Printed magazines

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

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<ref>Template:Cite news</ref>
• Vitals Men
• Vitals Women
• World of Hibernia<ref>"The world of Hibernia" Template:Webarchive. National Library of Ireland Catalog.</ref><ref>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref>

• WomenSports
• YM

International publications

• 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 Living Arabia
• Vogue Man 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 UKTemplate:Div col end

Acquisitions and mergers

Acquisitions

Date	Company	Business	Country	Value (USD)	Template:Abbr
Template:Dts	Signature Magazine<ref group=note>Citicorp-Signature Magazine was acquired from Citigroup.</ref>	Magazine	Template:USA	—	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Woman<ref group=note>Harris Publications-Woman was acquired from Harris Publications.</ref>	Magazine	Template:USA	$Template:Nts	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Cook's<ref group=note>Pennington Publishing-Cook's was acquired from Bonnier AB.</ref>	Magazines	Template:USA	—	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	K-III Magazines-Magazine Sub<ref group=note>K-III Magazines-Magazine Sub was acquired from Primedia.</ref>	Subscriber lists	Template:USA	—	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Knapp Communications	Magazines	Template:USA	$Template:Nts	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Wired Magazine<ref group=note>Wired Magazine was acquired from Telefonica.</ref>	Magazines	Template:USA	$Template:Nts	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Fairchild Publications<ref group=note>Fairchild Publications was acquired from The Walt Disney Company.</ref>	Magazines and newspapers	Template:USA	$Template:Nts	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Johansens <ref group=note>Johansens, the parent company of Daily Mail, was acquired from Rothermere Investments.</ref>	Accommodation guides	Template:USA	—	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Modern Bride Group<ref group=note>Modern Bride Group was acquired from Primedia.</ref>	Magazines	Template:USA	$Template:Nts	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Ideas Publishing Group<ref group=note>Ideas Publishing Group was acquired from Advance Publications.</ref>	Publishing	Template:USA	—	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Lycos Inc-Wired News<ref group=note>Lycos Inc-Wired News was acquired from Telefonica.</ref>	Online news	Template:USA	$Template:Nts	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Nutrition Data	Internet service provider	Template:USA	—	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Reddit	Social news	Template:USA	—	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	SFO*Media	Web sites	Template:USA	—	<ref>Template:Cite news</ref>
Template:Dts	Ars Technica	Web sites	Template:USA	—	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	ZipList	Web sites & Mobile Apps	Template:USA	$Template:Nts	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Pitchfork	Web sites	Template:USA	—	<ref name=nyt-condenastpitchfork />

Stakes

Date	Company	Business	Country	Value (USD)	Template:Abbr
Template:Dts	Wagadon<ref group=note>Conde Nast Publications acquired a 40% interest in Wagadon.</ref>	Magazines	Template:USA	—	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Wired Magazine	Magazines	Template:USA	—	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	Ideas Publishing Group<ref group=note>Conde Nast Publications acquired a majority interest in Ideas Publishing Group.</ref>	Publishing	Template:USA	—	<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>

See also

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

External links

• Condé Nast homepage
• Condé Nast Middle East homepage