The Business of Magazines | Page 201 | the Fashion Spot

The Business of Magazines

Here's a survey about magazine consumption. Not scientific and unclear how they solicited responses, but still interesting.

Print vs. Digital: How We Really Consume Our Magazines – 2018 edition
UPDATED 2018 STATISTICS 9/21/18

Freeport Press promoted a 10-question survey (identitcal to the 2017 edition) to a variety of magazine readers in the North America – demographics chart below. The survey was open for 3 days in September 2018 and generated 1226 responses. 1141 responses were solicited through Survey Monkey. The rest were in response to a promotion to the Freeport Press Newsletter audience.

When it comes to our magazines, we read more, read longer and subscribe more often to print than digital.

While publishers talk about embracing the digital future of their publications, ordinary people like you and me still prefer to read a good glossy.

These findings come out of an informal survey we conducted of over a thousand North American consumers. We asked fourteen key questions about the type, subscriptions and time with magazines they had read in the past month, to see if we could draw any conclusions. This year we also inquired about website visits, time spent there plus social media.

It appears more people are engaged with their print magazines than their digital ones. Another interesting result was how little magazines are “followed” via social media. Not that content isn’t found in feeds but that many respondents indicated they are not directly following magazine sources via social media.

Some key findings:

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25.29% of respondents had NOT read a print magazine this past month. 41% have read 1 or 2. 33% have read 3 or more print magazines.

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55% of respondents had NOT read a digital magazine this past month (was 59% last year). 28% have read 1 or 2. Only 17% have read 3 or more digital magazines.



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43% do not subscribe to print magazines (last year it was 45%). 32% of respondents subscribe to 1-2 print magazines. 25% subscribe to 3 or more (up 2% from last year).



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73% do NOT subscribe to any digital magazines (76% last year). 18% subscribe to 1-2 digital magazines. Only 8.5% subscribe to 3 or more.



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21% don’t read print magazines. 17% spend up to 10 minutes. 35% spend up to 30 minutes in print. 18% spend up to 60 minutes. 8% spend MORE than 60 minutes!



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52% don’t read digital magazines (54% last year). 22% spend up to 10 minutes. 18% spend up to 30 minutes in print. 6% spend up to 60 minutes. 2% spend more than 60 minutes.



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42% don’t visit magazine websites (was 46% last year). 10% visit maybe once a year. 23% visit a few times a year. 14% visit a few times a month. 8% visit a few times per week and 2% visit daily.



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51% don’t visit magazine websites (was 54% last year). 36% visit 1-2 different magazine websites. 11% visit 3-4 different magazine websites. 3% visit 5 or more different magazine websites.



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47% don’t visit magazine websites. 28% who visit spend up to 10 minutes on the site. 20% spend up to 30 minutes on the site. 3.6% spend up to 60 minutes and 1.2% spend more than 60 minutes on the site.



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63% don’t follow magazine content on social media (was 72% last year). 19% spend up to 10 minutes with magazine content on social media. 12.5% spend up to 30 minutes, 4% spend up to 60 minutes and 3% spend more than 60 minutes.



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As an aside, we left space for people to jot down their own comments, it was not a required field. What we found was telling. 658 of the 1226 respondents took the time to note their preference. Instead of us picking and choosing the comments that promote print we decided to list them in their entirety below. It’s a long list – we’ll let you draw your own conclusions.

To be sure, our survey was not meant to be a scientifically thorough bit of research, but through it, we hoped to better understand today’s readers and what they like. We believe, for magazines, the value of print stands strong.

Print vs. Digital: How We Really Consume Our Magazines – 2018 edition
 
19BEC34C-117C-4BC7-9651-3F94BE47DDEA.png Vogue November cover won’t be photographed using Google Pixel 3 according to this
 
Teen Vogue Names New Top Editor From The Cut
Lindsay Peoples Wagner is the outlet's new editor in chief.

Condé Nast has a new leader of Teen Vogue.

Lindsay Peoples Wagner has been named editor in chief of the now online-only fashion and culture vertical for younger readers. She comes from The Cut, the fashion vertical of New York Magazine, where she was a market editor for fashion for more than three years. She takes up the editor title at Teen Vogue in a week and will be responsible for oversight of the outlet’s content as well as its biannual summit event.

Wagner is coming in to replace Phillip Picardi, who held the title of chief content officer at Teen Vogue after the departure of Elaine Welteroth, who was editor in cheif. At the time, Condé said it was not going to have anyone in the title and Picardi was the top of the masthead.

But maybe titles are important. Not only did Peoples Wagner apparently negotiate the title for herself, but Picardi is leaving Condé at the end of November to take up the mantle of editor in chief of Out magazine. Known to be an internal favorite at Condé, his decision to leave was surprising.

Picardi also launched and oversaw the digital vertical Them, but Peoples Wagner’s title apparently does not include management of it. Condé cheif executive Bob Sauerberg made no mention of Them it in an internal memo to staff regarding Wagner’s appointment. He did note that Peoples Wagner actually started out in magazine publishing as an intern at Teen Vogue and then working as an assistant.

Anna Wintour, Condé’s artistic director and editor of Vogue, said Peoples Wagner is “a gifted talent who can equally inspire and challenge her audiences.”

“She brings a sophistication and fresh perspective to the cultural moments and social themes that activate our Teen Vogue readers and we are very excited to have her back at Condé Nast,” Wintour added in a statement.

“I’m so excited to come full circle and be back at a time when there is nothing more powerful or important than a young person who is passionate about change,” Peoples Wagner said. “I’m looking forward to our coverage whether it be on fashion, politics, celebrities or beauty — being both necessary and dynamic to cultural conversations.”
wwd.com
 
Fred Santarpia, Condé Nast's chief digital officer, has left
By Alexandra Steigrad

Condé Nast’s chief digital architect is leaving the company, a departure that many staffers view as a bad omen for the firm as it looks to move beyond its glossy print business.

Once viewed as a rising star at the publishing house, Chief Digital Officer Fred Santarpia is leaving the company next month, according to a memo obtained by The Post.

Santarpia is the latest in a string of departing big-name execs who had been central to a plan to expand Condé’s business. They included Condé Nast Entertainment president Dawn Ostroff, who oversaw video, and Chief Experience Officer Josh Stinchcomb, who oversaw integrated marketing, live events and its in-house creative agency.

Sources said Santarpia is not expected to be replaced, as the company continues to “evolve” its digital business. But “evolve” has been code for “shakeup” in Condé-land, and that’s a big change for its digital division, which until now has largely been viewed as untouchable.

During his six-year tenure, Santarpia played a major role in developing the company’s digital business, but that business hasn’t expanded quick enough to make up for shrinking print revenue.

This summer, the magazine publisher put up a For Sale sign on W, Brides and Golf, as it tries to reverse a loss of $120 million in 2017 on revenue estimated to be under $900 million.

In order to become cost efficient, the company has begun to centralize its US operations with its London outpost, Condé Nast International. In a memo Tuesday, Condé Nast CEO Bob Sauerberg said the move would “unlock unlimited opportunities” and “drive significant growth.” He did not, however, address rumors that the centralization is widely seen as an eventual move to combine the two companies.

A rep from Condé Nast did not comment on that speculation, nor did he comment on buzz that the firm is planning on more executive-level departures and job cuts in the coming weeks.

https://nypost.com/2018/10/10/new-top-cosmopolitan-editor-named-in-hearst-shake-up/
 
https://nypost.com/2018/10/10/new-top-cosmopolitan-editor-named-in-hearst-shake-up/

New top Cosmopolitan editor named in Hearst shake-up
By Keith J. Kelly

Jessica Pels has been elevated to editor-in-chief of Cosmopolitan as part of a sweeping editorial shake-up at the Hearst magazine empire.

The appointment of Pels, who had been Cosmopolitan.com’s top editor, is part of a shift at the publisher that is seeing the walls between digital and print being torn down.

Michele Promaulayko, who had held the editor-in-chief post at Cosmo — the company’s most profitable magazine brand — is exiting the company.

Hearst also said that 115-year-old Redbook will be going all-digital in January.

Two other print magazine editors, at House Beautiful and Seventeen, are out as top digital people take over.

At three Hearst titles — Popular Mechanics, Men’s Health and Women’s Health — it was the print editors who got the nod over their digital counterparts.

In addition, Veranda is going to be packing up and moving to Birmingham, Ala., with Steele Marcoux in charge as the new editor-in-chief. She replaces Clint Smith, who resigned several weeks ago with news that Veranda would be joining its sibling title Country Living in Birmingham.

The shake-up is expected to eliminate about 35 jobs across the company. It is the first major editorial restructuring at the company since Troy Young, the former head of digital, was named to succeed David Carey as magazines president in late July — and shortly thereafter appointed Kate Lewis, previously editorial director of digital, to replace Joanna Coles as chief content officer.

In his previous role, Young had supervised all top editors in Hearst’s fast-growing digital area, while Coles oversaw print, which despite a tough market still accounted for 80 percent of the division’s revenue. The separation of powers had created tension in the ranks between the two sides.

As part of the changes, Richard Dorment, the editor-in-chief of Men’s Health, adds Menshealth.com to his purview. Sources said MH’s digital director, Sean Evans, and deputy editor, EJ Dickson, are leaving.

Women’s Health editor-in-chief Liz Plosser will oversee both print and digital. She joined in January from Well + Good.

Ryan D’Agostino, editor-in-chief of Popular Mechanics, adds responsibility for the digital operations.

Joanna Saltz, who in June added duties as editorial director of Housebeautiful.com to her job running the food website Delish, becomes editorial director of House Beautiful. Saltz replaces Sophie Donelson, who is exiting the company.

Kristin Koch, who was executive editor of Seventeen.com, will now oversee all content, including the print magazine. In the latter role, she replaces Joey Bartolomeo, who is out.

On the business side, Jack Essig, senior VP and publishing director of Esquire and Popular Mechanics, will add responsibility for Men’s Health, Prevention and Bicyling to his roster.

Paul Collins, publishing director of Runner’s World and Bicycling, will report to him, while Ronan Gardiner, chief revenue officer of Men’s Health, Runner’s World and Bicycling, exits the company.
 
Perfect job for her, if you ask me!

Former Elle Editor Robbie Myers Lands at Shonda Rhimes’ Web Site
Myers will be taking up the reins of the still-new Shondaland web site.

By Kali Hays on October 11, 2018

It’s been more than a year since Robbie Myers left Elle magazine, but it turns out she’s not done with the media world.

Myers has been named editor in chief of Shonda Rhimes’ nascent media web site, Shondaland.com, where she will be working directly for Rhimes, a prolific and successful creator and producer of television series like “Grey’s Anatomy” and “How to Get Away With Murder,” among others. The web site also operates within Hearst Communications as part of its digital media network, so Myers is not only sticking with content publishing, but returning to the company she left not so long ago.

The Shondaland web site, which shares a name with Rhimes’ production company, launched about a year ago as a newsletter for fans of Rhimes, who is a more front-facing personality than some other successful TV creators. The ethos of the site also seems to tie in with her best-selling 2016 book “Year of Yes,” with themes of living better and inspiration geared toward women, along with essays and pop-culture coverage.

But Rhimes is looking for the web site to become more of a destination and an extension of her brand and has bought on Myers to lead the way.

“Her commitment to culture, inclusive perspective and fearless passion for storytelling are a perfect match for our expanded vision of Shondaland.com’s future,” Rhimes wrote in a statement.

Myers, who spent nearly 18 years at the helm of Elle before leaving unexpectedly in September, to be replaced by Nina Garcia, will be overseeing all editorial content and strategy for the Shondaland site and report directly to Rhimes.

“Shonda Rhimes is a force, a visionary whose voice I’ve long admired,” Myers wrote in a statement. “She is uniquely successful in communicating the nuances of the most vexing issues in our culture, while at the same time celebrating humanity in all of its beautiful, complicated permutations. I look forward to continuing to showcase the talents of extraordinary writers and igniting meaningful, informative conversations.”

In a release, Shondaland touted Myers’ tenure at Elle, pointing out the magazine’s “record-breaking readership and revenue growth” and her creation of events that celebrated female leaders in Hollywood and other areas, like music and politics.

Source: WWD.com
 
British Condé Nast Veteran Anna Harvey Dies at 74

Harvey launched numerous Vogue titles and styled Princess Diana.


By Fiona Ma on October 11, 2018

LONDON — Anna Harvey, the former deputy editor of British Vogue who helped to style Princess Diana, has died at age 74 after a long illness. She is survived by her husband and their four children.

Harvey was most recently editorial director of Condé Nast new markets, having started her career at Condé Nast’s Brides magazine in the Seventies. She moved to Vogue in 1977 where she served as fashion editor until 1990. She briefly held the title of associate fashion editor before being promoted to editorial director of Condé Nast new markets, where she launched numerous Vogue titles in China, Russia and India.

“She had a deep love of Vogue and was a wonderful editor,” said Stephen Quinn, former publishing director of British Vogue. “It was a clever idea to make her editorial director of the Vogue editions in Russia, China and India, amongst others, where she guided a new generation of editors and introduced them to her unique integrity and cool judgment. I admired and liked her very much.”

Jonathan Newhouse, chairman and chief executive officer of Condé Nast International, said in a statement that Harvey “possessed impeccable taste and an unequalled ability to animate fashion in the pages of our magazines.”

During her tenure at Vogue, Harvey was instrumental in thrusting Princess Dianainto the fashion spotlight when she was selected to be the late princess’ adviser to build her royal wardrobe in 1981.

Harvey worked closely with Princess Diana and helped the new royal create many style-defining moments in her personal and professional life. She introduced Diana to fashion designers such as Bruce Oldfield and Catherine Walker. The former was responsible for creating many of Diana’s standout evening gowns, such as the sparkly white Elvis dress that the royal wore to the British Fashion Awards in 1989 and her black off-the-shoulder “revenge dress” she wore to the Serpentine Gallery’s summer party in 1994 after news broke of Prince Charles and Camilla’s affair.

“Anna Harvey was a lady, quiet, with a strong English sensibility. She was gracious and well-mannered, with an understanding of the past and a prescient eye for the future,” said Oldfield. “She will be long remembered and missed by many in our industry, fashion insiders and outsiders, alike.”

Hairdresser Sam McKnight paid tribute to Harvey on his Instagram, remembering the first time the two had met. “Anna took me, a young hairdresser, unknown, just starting out in 1980, on a trip to Paris for British Vogue where she was fashion editor. It was the best training I could have wished for, she was a formidable lady, totally dedicated to her craft, her colleagues, to Vogue and Condé Nast, to whom she gave her all for many years.”

“You were a true Lady, dear Anna, an enormous talent, a dedicated mentor, and so much more than I could ever describe in a few lines on Instagram. You were one of a kind, much respected and loved. You’ll be sorely missed, but never forgotten,” McKnight’s caption read, accompanied by a black and white portrait of Princess Diana.

Fashion designer Anya Hindmarch posted a photograph of Harvey on her personal Instagram account. “Heartbroken to hear that we have lost Anna Harvey. A wonderful example of real stand-out kindness in the fashion industry. I will remember you with deep affection and genuine admiration.”

Source: WWD.com
 
EXCLUSIVE: Aquaria Signed to IMG, Named New Entertainment Editor of Dazed Magazine
The makeup artist and entertainer said she set a goal earlier this year — to make a name for herself, not only as a drag queen, but as a general talent.
  • Maxine Wally
    October 15, 2018 12:01AM EDT
Aquaria is advancing her career in rapid fashion.

Aquaria said when she walked in Nicola Formichetti’s Nicopanda show in February during London Fashion Week, Formichetti largely let her do her own thing. “Before the show, he was like, ‘Here are the clothes, come do you want you want. Create the character that you want.’”

When it comes to Dazed, Aquaria said she needs time to develop a strategy, since she’s spent the past six months on a string of tour dates.

“My head’s been all over the world,” she said. “I’ve seen tons of different performers in tons of different cities and I think at this point, I need to reflect on what entertainment I’ve seen over the past year that has made an impact on me. What social movements have I witnessed that I think could use more traction and publicity? I know in the past publications and writers have given me that same love. So I want to share that with other people.”

For now, Aquaria will hone her artistic interests and allow her involvement in the entertainment industry to inform the work she’ll do as an entertainment editor at Dazed. But this certainly isn’t the last move you’ll see her make.

“Being signed with IMG gives a legitimacy to the work that I do — it’s the entertainer’s version of going to college,” she concluded. “I may not have a diploma, but I can certainly turn out a great dance number, do makeup, hair, costuming and styling, you name it.

“Well, I’m not the best comedian. But you name anything else and we can pretty much figure it out.”

Source: WWD
 
Sigh, great! And I've just started my subscription. Don't make me regret the decision, Dazed!
I'm guessing she'll only have a hand in those short snippets you get in front of the magazine. Not actual long form features and the like, please. Should've just kept her on Dazed Digital.....
 
Anna Wintour, Grace Coddington, Manolo Blahnik and more pay tribute to Anna Harvey

11 OCTOBER 2018 • 5:49PM

The fashion world is paying tribute to Anna Harvey, the former Vogue editor, Telegraph columnist and the woman who helped to shape the style of Diana, Princess of Wales....

Anna Wintour, American Vogue editor-in-chief and Condé Nast artistic director

I started working with Anna when I returned to London in 1985 to edit British Vogue. It was a moment of tumultuous change there; Beatrix Miller, the long-standing and beloved editor, had retired, and I turned up from New York, with a very American get it done attitude, and a staff with a very English way of doing things. Anna, blessed with the most impeccable manners, was incredibly welcoming: kind and generous and once you got past her reserve, revealed that wonderfully dry and self deprecating sense of humor of hers.

British Vogue then, like all magazines, had plenty of larger than life personalities. Yet Anna was Vogue’s ballast, calm and respectful with everyone she worked with, and in everything she did. (It might have been not longer after I arrived that she let an up-and-coming photographer called Steven Meisel sleep on her floor when he shot for the magazine). And with all people like that, she became Vogue’s centre of gravity, the person everyone - myself included - would turn to for advice and help. It’s that, just as much as her considerable talents as a sittings editor, that I will fondly remember her for.

Grace Coddington, former Vogue fashion director

I first worked with Anna as a model. I tried to walk out when I realised it was a lingerie sitting. The photographer was Henry Clarke but I thought I was too grand, although I wasn’t. Anna was the last person in the world to try and sneak up on someone and force them to do something. The pictures were gentle and beautiful as befits her style.

Later, we worked together as fashion editors at Vogue. Her shoots were classic and timeless, she got on with her job without making a fuss about how fabulous she was- that’s very unusual in this business.

Anna was not avant-garde but she recognized talent when she saw it. I remember her bringing Steven Meisel into the office. I thought, “Oh my God what’s that?" of all that black eye make up he was wearing!

She was always very self-deprecating almost not believing in how good she was but she really was tireless For years, any time I did anything and she read about it she would be in touch and congratulate me, I always found that incredibly touching the way she thought of others.

She was never really given credit for all the amazing things she did. Most people these days do little and want credit and fame but she did everything quietly and it never occurred to her to seek fame from it. She behaved with. absolute grace. She will be missed.

Manolo Blahnik, shoe designer

Without Anna, I wouldn’t be where I am today – she contributed greatly to my career in so many ways. Modest and so generous with her constant advice. However, also graceful, patient and bestowed with a natural elegance. A very dear and loyal friend, I will miss her forever.

Sam McKnight, hair stylist

I remember being on a shoot with Patrick Demarchelier for Versace with Christy Turlington in Paris. She was wearing a pale blue figure hugging sequin dress. Turlington said, “this would look great on Diana because she looks so fit these days”.
I took a polaroid and showed it to Diana. She loved it but foreign courtiers were an unknown to her. It was at the time Diana was changing into the power woman she was to become in the Nineties. I showed it to Anna who said in her typical low key fashion “leave it with me”. Anna set up a meeting with Donatella and that was the beginning of Diana’s relationship with the Versaces.


Jasper Conran, designer

She was steadfast in her support of the British designers. Everything else at the time was more marvellous- America, Milan and Paris. We were cottage industries in comparison. But Anna championed us over the years. In this this business, you have your highs and your lows, some turn their back and she never did. As a person, as a professional, she was magnificent.

Pamela Hanson, photographer
Anna gave me my second ever shoot on British Vogue. It was around 1984. We were in Paris and it was a hat story. Anna was wearing a pink Chanel suit, I remember her sitting looking so chic and elegant on a sofa in the studio. Camilla Nickerson (now Senior fashion editor at US Vogue) was her assistant. It really struck me at the time that she was so encouraging of Camilla, letting her take the reins. I was a new young photographer and to see someone behave in such a generous way, to be a real mentor was very inspiring to me. I have never forgotten it.

Source: Telegraph.co.uk
 
There's also a podcast of the interview here.

Vanity Fair helped create ‘the celebrity industrial complex.’ VF Editor Radhika Jones wants to investigate it.

Everything is changing, which means there’s never been a better time for a “new establishment,” Jones says on Recode Media.

By Eric Johnson@HeyHeyESJ Oct 4, 2018, 12:35pm EDT


Lydia Polgreen: Today, I’m really excited to be in the studio with Radhika Jones, the editor of Vanity Fair. Radhika, welcome to Recode Media.

Radhika Jones: Thank you Lydia, it’s great to be here.

So you have been the editor of Vanity Fair for how long now?

It’s been about nine months.

Nine months, long enough to make a baby.

Mm-hmm.

Does it feel like a baby has been born?

I almost wish you could go into hiding and come out with the baby. The thing about Vanity Fair is we’re publishing hourly and we’re publishing monthly, and you know how it is. So all of the baby making is done every moment, but it has been great to start to cycle through this first year and kind of get an understanding. We cover so many, these core areas of coverage, Washington, Silicon Valley, Hollywood, and Wall Street and celebrity culture also in general.

And so I feel like over the course of the year, just because of certain events like the Oscars and also just because of the natural ebbs and flows of the news cycle, not that they ebb so much anymore, you start to get a feel for the rhythms of the job. And so nine months in is a lot better than six months in, which is a lot better than three months in.

So you took over this job from one of the best-known magazine editors out there, Graydon Carter, a celebrity in his own right. What’s it like stepping into a role as yourself following someone who’s a larger-than-life personality? Not that I personally have any experience with this, having followed Arianna Huffington at HuffPost.

It’s an excellent question, and I think the thing that I try to be very clear about in my own mind from the beginning was that there was no way that I could replace Graydon Carter. He is still walking among us, for one thing, and he’s an incredibly iconic and creative and innovative editor. And I think that with these jobs, you have to just have confidence that you make the job your own. The brand has existed for a long time. Tina Brown was the editor before Graydon, and she too was iconic. And so I thought a lot about Tina’s Vanity Fair, and I spent time looking at the archives and thinking about what is the Venn diagram between the editor’s sensibility and the identity of the brand?

And I think that’s really the challenge for me, is not do I imitate Tina, do I imitate Graydon. I could try to do those things for a very long time, and I would fail utterly because imitating is not how you succeed in these roles. So for me, it was more about trying to figure what I could add to this brand to make it special in my own way.

You mentioned Tina Brown, and I think I read that you read her diaries, which I think was one of the most delicious reads. I devoured it basically in one sitting on a flight to India. And one of the things that struck me in reading that book was just how different the media world is now. Are you going to those kinds of parties that she goes to, are you running the business in this kind of big-ticket way that she was running it in this sort of woman in the arena?

I loved reading that book, and I had an early copy because I was with the New York Times, I was on the books desk so we got it early. So I actually had read it before Graydon announced that he was stepping down and before anybody approached me about the job, which was good, because I read it completely just as a kind of magazine fan. And it’s of course incredibly exhilarating, and her energy level is just astonishing. And she was so young when she was doing the job, which I kept thinking about. But it is a completely different environment. There was no internet, so she was out pounding the pavement getting stories because that was the only way to get stories at that time. And she was also making a print magazine, and that was all she was making.

So when you step into this kind of job in contemporary times, you have the print magazine, but you also have the website and you have an events business as we have, and you have an entire social environment where you have to assert the brand identity and engage readers and viewers and listeners. So it feels like a completely different ecosystem, but the thing, that sort of elemental part of it that impressed me, is just that she was after the very best story for her time, for her moment, and I feel like that is the common denominator is can you find the story that no one else is doing in a particular Vanity Fair way, in a particular sort of substantive and rigorous but also entertaining way.

So you mentioned that she got the job when she was really young. I’d love to hear how you got this job. Obviously, Graydon announced that he was leaving, there were a number of people who were considered for the role, I’m sure. What can you tell us about the process?

So I read that Graydon was stepping down, and like everyone else I wondered what would happen, and it was about a year ago I got an email from David Remnick, and he said, “I’m reaching out to some people who I thought might be an interesting fit for the Vanity Fair job. Is that something you would like to speak about?” So I wrote back, “Yes please,” right away. And David, who is very generous with his time, spoke to me about it. And we talked about Tina’s diaries, actually, which was a lot of fun. And so we began a conversation about it. He said, “Well, just jot down some thoughts,” so I gave it a little thought and I was turning things over in my mind, and the next day he checked in and he said, “Well, where are those thoughts?” And I thought, “Oh, okay. This is ... we’re doing this. Okay. I have homework.”

So I did indeed jot down those thoughts, and it went on from there. And it was a really exciting thing for me to think about, because it honestly just hadn’t been ... I mean, it’s a dream job, but it wasn’t something that I had particularly set my sights on. So I kind of came to it a little serendipitously, just the idea of it, and I think that freed up my thinking about what it might be, but also what I might bring to the table.


Yeah, I mean, you’ve had a really interesting career path, right? You were a reporter in Moscow at one point, you were at Time, Paris Review, you’ve done a lot of interesting forms of reporting, editing, literary — sort of, mass market as Time is... I’m curious how all of those various experiences have brought you to this point, and how they kind of braid together in what you’re trying to do with Vanity Fair.

So it’s true, my first job in journalism was at the Moscow Times in Russia in the mid ’90s, and I think about that time, I was only there for two years and I began as a copy editor, which is still a skill that I take great pride in, and I think when I retire I will just spend my free time copy editing the internet. But the news in Russia at that time moved so quickly, and there’s something about this moment that we’re in right now. I mean, obviously this was in the mid ’90s, the internet was in its very beginning, so there were certain technological changes to the pace of news that hadn’t yet happened, but it was an incredibly volatile time in Moscow, and there were wars going on with Chechnya and there were a lot of sort of juggling alliances, and there was the rise of the oligarchs, and all of these ... It was like the table was being set for a lot of what we see going on in the world today in terms of certain power alliances and struggles.

So it was just a really exciting time to be there and be kind of in the swirl of the news, and I sort of worked all around the paper. People came in and out because it was this very small but dynamic English-language paper in Moscow. At a certain point, I was the restaurant critic, which may still be my best-ever job. I was, I will say, a terrible restaurant critic, and I had no palate, but in a way it was more like a sociological survey because there was really no restaurant culture in Moscow at the time, so it was just every week was sort of an adventure with my dining companion.

So I learned a lot, almost about just being curious and being open to experiences, and that was my first experience with journalism, was that world events are happening but in this very volatile way, and my center of gravity had shifted from the U.S.

So that was very informative for me, but I did realize that I wasn’t going to stay there for the rest of my life, so I came back to the states and I started a graduate degree at Columbia, a PhD track in English, which I did end up finishing, but I ended up working in magazines throughout. And as you said, I worked at literary magazines, visual arts, kind of all over the place. I just kind of became a magazine junkie. I like project-based work, I like deadlines, I like the adrenaline of news. And I basically just tried to take opportunities and jobs where I felt I was going to learn something from the people around me, and as you know, there are a lot of incredibly intelligent but also curious and innovative people in our field.

So I was lucky to be able to move from place to place and just keep learning. I mean, there were things ... I went on press when I was working at the Paris Review, which is a literary journal. Philip Gourevitch was the editor at the time, and he felt it was very important for one of us to be on press, because we were publishing photography. And we were doing it on matte paper, not glossy paper, which means that it’s harder to reproduce the colors in the way that the photographer might’ve intended.

So I went on press to Winnipeg seven times for the Paris Review, and I think I saw all the possible sights to see in Winnipeg. I was there every season. But just to be in a printing press and watch something come off the presses, it’s very romantic, but also I just feel like I got to touch ... through all of these various jobs, I touched not only a lot of subject matter, but a lot of parts of the work, like the actual making of a magazine — or a journal in that case — or the creation of a micro-site for a digital project or something like that. I’ve always been an omnivore in terms of how things get done.


So in a way, the dotted line from job to job is a little bit of a zigzag, and I can’t say that I ever had a master plan, but when I started having conversations about Vanity Fair, it did feel that there was something about the eclectic nature of my experience that actually worked for this role. Because it’s sort of an eclectic and just intellectually curious magazine.

And it’s interesting, because I mean obviously I think you’re the first doctor, person with a PhD, to edit Vanity Fair, I suspect.

Maybe, I don’t know actually. We’ll find out.

Yeah, it’s a great question. But I think when the initial sort of shock of your name emerged and people were like, “Wait, who? Oh yeah, that very glamorous woman who runs the Time 100. Isn’t she terribly literary? Isn’t she incredibly highbrow? How is she going to manage the high-low mix that’s so important to Vanity Fair?”

It’s so funny, because the things you work for in your life, they change on a dime. It’s like, yes, I am terribly literary. I worked so hard to be highbrow. No, I am absolutely a literary person, but I also will sit on my phone and look at slideshows of Prince George, which I feel, it makes me human, I love to do it. I think that honestly, most people have that range of interest, but I certainly do.

I think that the common denominator, again, for Vanity Fair is there are obviously a lot of news outlets that do serious investigative journalism, which the magazine has always been known for. There are fewer places that publish really high-impact photography, and I think that’s a core area of strength and one that we want to build on, but I think it just comes down to, I think that as long as, if we are telling a story well, then the story can be about the high or the low.

But the thing that makes it a quality story, that makes it a Vanity Fair story, is in the telling of it. So it feels to me ... I don’t have a problem reconciling that at all. The other thing is that I think I’ve always had eclectic taste in music, in books, and all of those things, and I think that that’s really at the heart of it for me in that high and low.

What’s your biggest lowbrow guilty pleasure?

Oh my, let’s see.

That’s a very loaded question. I mean, I’ll tell you ...

We were talking about Egg McMuffins before we went on the air, so ...

Well, mine is “Real Housewives of Beverly Hills.”

Okay. That’s a good one. That’s a good one.

Well, no, but we gotta have yours now.

Okay. Let’s see. Currently, currently ... I have to think about it a little bit. This doesn’t really count, but I will say one of my go-to shows is “The Great British Baking Show.”

I think of that as therapy in the current environment.

Right. It’s uplift.

It’s uplift. I like how they’re so nice to each other.

They’re super nice to each other. Everything looks tasty. Even the things that don’t work look tasty, and oh, I don’t know. Actually, I recently started ... I’m just thinking about these very random things. There was a ... No, it’s gone. Nevermind.

Okay. No worries. We can ...

We’ll stay with the baking show, but if something else comes to mind, I’m gonna let you know.

Interject and let me know.

Okay.

So, you were talking about photography and storytelling. Those are two places where I think you’ve made some pretty striking choices. For example, I believe the first cover that you’ve fully edited and brought into the world was the Lena Waithe cover. That was a big moment, and it kind of landed with a real bang. Can you tell me a little bit about how that came to be, and strikingly, not just having a queer black woman who’s really on the rise in Hollywood, but you also had an unusual choice of writer to tell her story. So, could you tell me a little bit about that?

So, I had watched “Master of None,” and I just thought Lena was so tremendous. I just hadn’t seen someone like her on the screen. She was so funny, and we loved that show, and so I was sort of a fan of that performance and of her, and particularly that episode that she ended up winning an Emmy for, and then I watched her speech at the Emmys, and it was very moving. So, that was about a year ago, and then I started talking to Condé and asked about this job, and of course, if you’re thinking about taking on a job where you’d have to produce magazine covers, one of the first questions that you ask yourself is, “Well, who would go on the cover of my magazine?”

I always had Lena on my mind, just because she was very present in the culture in this way that felt very fresh, and I feel like in this day and age, if you have at your disposal a magazine cover, you should try to use it, and I don’t mean just to provoke or even just to surprise, but really to kind of bring forward or shed light on something that you think is worth talking about and worth thinking about.

Then when I actually took the role, all of these things had started happening in Hollywood. I mean, so much changed in that period of time when I was literally having conversations about Vanity Fair. So much was changing about the areas that we cover in Hollywood because of all the Weinstein reporting and everything. So it was just this great moment of flux, and I felt like the thing that was grounding for me was to think about where the momentum was and who was kind of coming out of all of this, the messiness that was being exposed about the way Hollywood worked. It just felt valuable to think about the future and people who were working in a different way.

Lena Waithe is a creator as well as an actor, and she had won this historic Emmy, and it seemed like she was really busy working, and I like that. So when it came to thinking about that cover, which was the April cover, I just ... I don’t know. I wouldn’t say it was obvious, necessarily, but it just seemed to me like her work aligned with the kind of thing that I wanted to be thinking about, and so we did the shoot. Annie Leibovitz did the shoot, which was great, and we went to Jackie Woodson to do the profile, a literary writer, a writer of young-adult fiction, among other things.

And memoir.

And memoir, and someone who I felt would ... I’ve always been interested as an editor in cross-casting, so someone who’s written a lot about politics, have that person write about someone in music, or have a fashion writer write about celebrity or something, because I do feel like that, in the intersection of those worlds, that’s where Vanity Fair lives, and it’s something that we can offer, but also, it just brings things out differently, and different conversations emerge, and you never know.

I mean, you never know if that person’s gonna be interested in the subject or what, but Jackie was interested and it just worked out. It just felt like an interesting match and something that I hadn’t seen before, and I come back to that idea that to be in an editorial role the way that we are, the thing that makes it worthwhile is to think, “Oh, I’m using this opportunity to put something in the world that maybe hasn’t been there before in the same way.”

I mean, I think if I look back at the covers since you took over as editor in chief, Meghan Markle, perhaps an obvious one, Meghan and Harry, but Kendrick Lamar, and then this month’s cover, Michael B. Jordan, that’s a pretty high proportion of people of color. They’re younger people. They’re voices that wouldn’t necessarily have been seen with such frequency on the cover of Vanity Fair, so I think that’s been really remarkable. I want to ask you about the case for magazines in general, and there’s a really interesting juxtaposition to my mind.
I feel like the internet is the perfect medium. In particular, social media is the perfect medium to transmit the kind of meme-like quality that a magazine cover has. Right? Yet, the disaggregation that the internet has brought to media really kind of pulls at the seams of the idea of the magazine. This is true of tabloid newspapers as well. It’s like the best of times because your billboard travels in a way that it really couldn’t before, even when it was on newsstands. It’s in the palm of everyone’s hand, but the thing-ness of the magazine has been in many ways kind of fragmented and pulled apart. How do you wrestle with that?


It’s funny because as a consumer, I feel all of that. I feel it viscerally. I mean, I do. The place I see magazine covers is on my phone. I see my own magazine covers on my phone. I see other people’s. I react to them, and that really ... I think a lot about that. I think anyone in my role, even five years ago, was thinking about newsstands, and I just feel like there aren’t a lot of newsstands now. I mean, it’s great ... If you have a great newsstand seller, that’s awesome. That’s wonderful, and everyone should go to the newsstand and buy Vanity Fair, and I’ll say that again before our time is up.

But I also just ... I do think that there is the amplifying power of technology in terms of getting those images out and getting that identity out is really powerful. So, I guess my answer to your question is these days, if you have a brand like Vanity Fair that is a legacy print publication, but also a player in the digital space and the event space and all of that, you do have to do all things. That is the job. The challenge for us is to do the best work that we can do, tailored to the pace and momentum of each place.

In a way, I feel like the print magazine ... The opportunity for a print magazine now is to raise the bar even higher, because if you’re working on a monthly schedule and you’re assigning and commissioning photography, which no matter how great photography looks online or on an iPad or wherever you’re looking at it, it’s very seldom — and correct me if I’m wrong — but digital-only outlets are very seldom commissioning high-impact photojournalism or portraiture or anything like that. That still sort of is the province of the print community.

Yep. I think that’s right.

And I think it’s really important. I mean, we’re all photographers now, of course, but it matters when a photojournalist composes a certain kind of picture out of a war zone or a portrait photographer takes a certain kind of very meaningful portrait, and that’s core to Vanity Fair. So, to my mind, it’s like the opportunity for me is to perfect the magazine form. Make it beautiful. Make it luxurious as a reading experience. All of the care that’s taken when you don’t have unlimited space the way that you do online, but you actually have to fit something to a page, and so you really have to weigh the value of words in a sentence and sentences in a paragraph, that craft is very dear to me.

I think it’s worthwhile because I think ... I mean, we circulate it at 1.2 million. There are a lot of people who are reading the print magazine, and they deserve the very best that they can get, and it’s something that is also a timestamp. It is a cultural artifact, and I think the things that have mattered to me, many things that have mattered to me since I took this job, and people have been telling me sort of how they engage with Vanity Fair and what they love about it and what they don’t love about it, past and present, but one of the things I love hearing is, “I’m keeping this one. I’m keeping this one.” You can do that with a magazine.

Yeah. National Geographic is a great example of that, right?

Right.

People who just keep old copies of it, and they’re ...

I still have old copies of magazines that inspired me in my career, and this is after ... I live in New York City, so I’ve moved like eight times, and yes, some of those magazines went away, but I still have this core shelf of magazines that really hit that bar, and it’s fun.

Also, it’s project-based work, and goes very much hand-in-hand. I mean, we have a much more integrated operation now than it was a year ago in terms of the digital staff and the print staff. I mean, I wouldn’t even categorize them in that way. It’s really the Vanity Fair staff. So, there’s a lot going back and forth in terms of where story ideas are coming from and who’s doing the work and who’s doing the writing and the editing. These staffs are blended, but we have to make all these different things, and so ideally, you’re just making them to very best of your ability.

Mm-hmm. Let’s turn to the business of making magazines. Obviously, you came in, I think, with a significant expectation that cost would come down at Vanity Fair. Having read Tiny Brown’s diaries, I know what the world was like back then. I don’t know exactly what it was like during the world of Graydon Carter, but you’d had this kind of caricature in your mind of very expensive lunches, black cars chauffeuring everyone around, unlimited location budgets, business class travel for everyone. And correct me if I’m wrong, but my sense is that there is a desire to bring that more into line with the realities of publishing as it exists today, and more generally, I think Condé Nast has been on a trajectory of what seems from the outside like decline. You’re closing titles, consolidation, things like that. How’s the business going?

Well, I will say reading Tina’s diaries was very entertaining on that score, just as someone who’s worked, let alone Vanity Fair, but who’s worked in the business over the last 20 years, I guess. Wow. I’ve been all over it. I’ve been at newspapers. I’ve been at a weekly magazine at Time. And I think what I take away from that arc of that experience is that there are ways to innovate.

There are titles that are lost to us now. They are gone, and there are titles I still miss. I miss Gourmet. So not everyone makes it, but I do think that in terms of a brand like Vanity Fair, the legacy is something that works in our favor. There are assets ... I mean, I thought about this. I thought about this when I was thinking about the job because it’s something ... I think back in the day, if you were the editor, you just didn’t worry about the business side of it, and that’s just not true anymore.

What percentage of your time do you spend thinking about the economic sort of challenges or opportunities of Vanity Fair?

I probably spend 100 percent of my time thinking about editorial and 100 percent thinking about the business, and so that’s 200 percent.

That sounds really familiar and completely accurate based on my experience.

Right. Right. I mean, I just think for people of our generation, it’s almost harder to split them apart because you’re thinking about the vitality of the product. And those two things are related in my mind. There are values to a legacy publication that I hold very dear: For example, the opportunity to work with an archive. Vanity Fair has an amazing archive, and that is just a huge asset to us.

And so when we think about the challenges of the business, you know, one of the challenges of the business is just that there was a very clear model that used to be the case, and it was a very straightforward advertising model. And that’s what powered Tina’s Vanity Fair — subscriptions too, but really, it was an advertising model.

And the truth is, now we just have to diversify. And so that’s already happening. We put up a paywall this spring, which has been very encouraging, successful. And that’s about ... We still do have a robust advertising business, but we also want to think very seriously about what our consumer revenue picture could be because there are a lot of people out there who are very attached to what we do. And I remember from my days as a freelancer, the philosophy that if you set a value to your work, people will believe that you are worth it. And I think personally, I was very struck by that advice when I was a young, scrappy editor, roaming all around town looking for work.

But I think it’s true of content too. And so I think really for me — and maybe this is true for Conde Nast at large, but I can speak mostly for myself — it’s really about just trying to think creatively about where, how can we ... We know that we will not be able to ride on a solely advertising business for the rest of our days, or rather if we do, the rest of our days will not be terribly long. And I care about this content, and I care about the opportunities that it presents, not just for me and my staff but for the people we cover and the stories we can tell. So it’s part of the job to think about how we can change that model.

Have you gleaned any insights from your experience with the paywall about what motivates people to sign up? Is it, “I got to know the latest inside dope from the White House,” from Gabe Sherman. Is it the big profile? Or is it some combination?

So the great news has been that it is a combination, and I think that’s a real strength for us, and it’s something that, again, is very encouraging because the mix really matters to our readers. Like they want to ... Because there are a lot of places where you can go for the one thing and where you can do a really deep dive in politics, or in celebrity news or what have you.

But I think it seems from the data that we have, that what people appreciate about Vanity Fair is that they can be in an environment where they’re being served multiple different kinds of dishes but all with this same level of quality, and I come back to the word entertainment like in the writing of it and the tone and the voice. So that’s been great to see because we do care a lot about covering all of our different worlds and also finding the intersections between them.

Talk to me a little bit about how ... Your editorship has coincided with the #MeToo era in Hollywood. Vanity Fair, obviously, huge impact in Hollywood. It’s one of the main subjects that you’re known for and cover aggressively, both the business of Hollywood and the celebrities themselves and the culture around them. How have you approached Hollywood in this time?

It was truly fascinating. Again, I go back to a year ago just to think about what Vanity Fair could mean or could do in this era that was just changing rapidly under our feet. You could argue that this magazine played a major role in the creation of the celebrity industrial complex, and it’s very much part of that world, but also, it’s our job and it’s appropriate for us to hold that world to account.

So for me, I think what felt like an opportunity to me was that it meant that all of that, that establishment, the kind of codes of the way things were done in Hollywood, the certain aspects of the clubbiness of it, certain impressions about what would fly and what wouldn’t, or what kinds of movies would succeed and what wouldn’t, all those things have been picked apart. It’s #MeToo, but it’s also, this is the year of “Black Panther,” this is the year of “Crazy Rich Asians.”

There are just all of these truisms about Hollywood that I don’t think are actually true anymore, or at the very least, they bear interrogation. It’s fun and exciting and intellectually exciting for me to think about how Vanity Fair can pursue some of those storylines because I think that audiences perceive the change. Certainly, we read all about it in the news, but I think that we’re in the middle of a very dynamic and kinetic cultural moment, and that’s sort of the perfect place for us.

I think that some folks would ask ... Vanity Fair has a really sort of conflicted relationship here, right? It is one of the practitioners, the prime practitioners of the celebrity profile, which requires access, which requires negotiation, which in some ways, can make you a less aggressive scrutinizer of the networks of power in Hollywood. Vanity Fair didn’t break the Harvey Weinstein story, The New York Times and the New Yorker did, despite Vanity Fair having a really aggressive past in investigative journalism. Do you think that’s shifting now? Is that something that you’d like to see greater scrutiny of these power networks in a kind of investigative reporting kind of way?

I think it’s shifting, and I think that all journalists, or at least a lot of us now, it’s funny, it’s almost like the analogy in politics makes it interesting to me. At a certain point, when certain kinds of stories in our current moment, one has to ask oneself whether the access is helpful to the story or hurts the story. Does having access to Donald Trump get you closer to the truth about Donald Trump? Or is the write-around really the way to get at the truth about him?

And I think we’ve kind of seen compelling arguments on both sides. And so that’s sort of how I think about it, story by story, and I think when we’re all talking about stories and sort of what to pursue, it’s kind of ... Sometimes the thing to do is to sit down with the person and talk to them and hear all about it. And sometimes, that’s not the story that you need or want. And so I think for me, it’s very much about figuring out how are we going to serve our readers, where do we need to put our investigative energy, and access isn’t the be all and end all of journalism about Hollywood anymore.

And you know, of course celebrities are rioting against it. I don’t know if you saw in the New York Times magazine, they had a profile of Bradley Cooper where the writer, one of the great profile writers working right now, Taffy Akner, who basically said he refused to cooperate the writing of the profiles. So that creates its own issues.
So, I want to talk a little bit about The New Establishment list, which just came out. Top of the list was a surprise. How did you put this list together and how is this year, given everything that’s going on, obviously #MeToo, the craziness of the Trump administration, a world on fire. How did you put this list together?


So it’s amazing. When I got to Vanity Fair, they showed me this machine that they have where you put all the data in and then you crank it, and it comes out with this ranked list, and it’s total science. It’s amazing.

It should be-

I knew it existed!

Well, it should be said you do have some experience in list-making. You worked on the Time 100, which is I think a very, also a fascinating exercise in list-making. So you come by this honestly.

Yes, I have made many lists in my day. I’m a big believer in the list actually. I feel like lists are useful. They’re useful for me in my life. I love to see ... It’s just a spectator sport, but I love all the year end lists and what books and everything. So I think lists are a great way to take a snapshot of a moment in time, and The New Establishment has these two conflicting words in the name, “new” and “establishment”, and I feel like that’s exactly what we saw on display over this past year.

And it was in Hollywood when, as you had people sort of literally being toppled from their pedestals, but also in Silicon Valley and certainly in Washington and in Wall Street, too. And so it was a great year to be involved in this particular list-making because it felt like there was a lot of newness to go along with the establishment, and even the establishment people are kind of doing new things, they’re being forced to.

So someone like Bob Iger, who has certainly been on this list before, has been, his new cycle this year is very different from what it has been in the past, with the acquisition of Fox. So we felt like there was opportunity for some fresh faces, fresh voices. I think with a list like this, you want it to have momentum. You want to be able to capture some momentum and point readers toward where the energy is. And so we have the brand new CEO of Time’s Up and the core Time’s Up group on this list.

And we have the kind of rule breakers in politics on the left, who are rewriting that playbook. Whether they win or lose in the midterms, I think they’ve changed the conversation about what progressivism is and what the Democratic Party might represent in the coming presidential election. And yes, at the top of the list we have a taciturn-

Talk about an uncooperative profile subject.

Uncooperative profile subject, the man everyone wants to profile, Robert Mueller. It’s Mueller, right?

Exactly.

Who is, I think, probably the hardest-working man in Washington right now. And whose findings might change the course of history, or not. We’ll have to see.

Hmm. Yeah. And you’ll be holding an event around this?

Yes. So we have a summit in Los Angeles next week, and it’s a couple of days of programming on all sorts of topics. We are talking to, I’m sort of thinking of a few different kinds of panels. We’re talking to the leadership of the New York Times about-

I saw that, the three cousins all together for the first, I think, for the first time being interviewed together.

I think so, yes, and sort of what their year has been like. And we’re talking to the new CEO of Goldman Sachs, 10 years after the financial crisis, and kind of what the future of that organization looks like. We are talking to Bob Iger, actually Doris Kearns Goodwin will be interviewing him, which will be fun. And also ... yeah, some other treats.

One conversation that caught my eye was Hannah Gadsby talking to Monica Lewinsky and I thought, “Oh, that’s gonna be a really interesting conversation between the two of them.”

I’m really excited about that one. Hannah Gadsby, of course, is the breakout comedian whose Netflix special this summer, which she was touring, and then her Netflix special kind of like snapped everyone’s heads about sort of what comedy is in the current moment. And Monica Lewinsky, who actually wrote this amazing piece for us earlier in the year about #MeToo and sort of her overlapping experience in that vein, is just very thoughtful about a lot of the issues that Hannah addresses in her work. And so I think I feel like that will be a very timely and intriguing conversation.

Hannah is also very funny.

Which is great.

Which is great.

We need some fun.

Well, it’s been an absolute pleasure talking to you. Thank you, Radhika, for coming onto the podcast.

Thank you.

Source: Recode.net
 
Surprise, surprise! :rofl:

Condé Nast Sale of W Magazine No Longer Imminent

The fashion magazine is still for sale, along with Brides and Golf, but the timeline for finding a buyer is said to have extended.

By Kali Hays on October 15, 2018

It seems Condé Nast is in no great rush to sell off W magazine.

While the sale of the oversize fashion glossy was initially expected to be wrapped up by the end of the year, W now has an operating budget for at least the first half of fiscal 2019, based on its print schedule of eight issues a year and with no reductions to its current staff, WWD has learned.

Until recently, W’s budget only went through February, which is the end of Condé’s fiscal year. In addition to the official budget, sources also noted that major advertisers like Kering and LVMH Moët Hennessy Louis Vuitton (which have their own advertising budgets to finalize), among many others, were personally reassured during recent fashion weeks that the magazine would be printing as usual next year. Other sources noted that, while the magazine is still very much for sale, there simply is not a serious buyer lined up, but Condé knows that changing anything about the print schedule or staffing to immediately reduce costs could hurt W’s image and effectively drive down the asking price, which is said to be around $8 million.

Also, Condé and its parent company Advance Publications, which is heading up the process, have not started to formally market W, nor Brides or Golf magazines, which are also for sale. A data room and a book to shop around to prospective buyers are (three months later) being finalized under the advisory of Greenhill & Co. For sake of comparison, Meredith took about two months to close its acquisition and then put up for sale the magazines Time, Sports Illustrated, Fortune and Money. It took about six months for Time to sell, but a sale of the other three titles is said to be imminent, keeping the process inside an initial fall timeline.

Although W’s editor in chief Stefano Tonchi is said to still be interested in leading a group to purchase the magazine, as first reported by WWD, he is now focused on finding a private equity partner for a more ambitious business scheme that would kick off with the purchase of W. But that prospect is far from a certainty.

When the sale, or “review” as Condé put it, was revealed, sources said the publisher was still working hard to cut costs in its magazine business as fruits from a slow and rocky swerve to digital proved more difficult to cultivate and the company simply needed revenue from somewhere to hit financial targets. In 2016 and 2017, the publisher saw a combined loss of about $220 million, according to a New York Times report. However, 2018 is on track to be a break-even year at Condé, a source noted. This could have a lot to do with the sense of urgency for the sales being less than it was over the summer, when Condé’s revenue may have looked more tenuous.

As for the other two titles, they’ve also yet to be formally marketed, but Meredith is still said to be already in talks to acquire Brides, as WWD reported earlier. A clear suitor is still yet to emerge for Golf, but there is said to be some inbound interest in the title.

Source: WWD.com
 
Cosmopolitan Australia is shutting down after 45 years.
 
VOGUE’S ENTERTAINMENT DIRECTOR IS OUT AFTER 20 YEARS

written by Aria Darcella October 17, 2018

Another day, another shakeup at Condé Nast — Jill Demling is leaving her position as Vogue‘s entertainment director to “pursue outside projects.” The Hollywood Reporter broke the news, adding that the publisher has yet to comment on whether or not Demling will remain with the company as a contributor or in a freelance capacity.

Demling was responsible for securing the celebrities featured in the magazine for covers (including the Beyoncé September issue), the “73 Questions” video series, and events like the Met Gala. Considering how important her role was at Vogue, her exit comes as quite the surprise.

“Jill has been an invaluable part of my Vogue team for the past twenty years, starting her career as my assistant and moving on to being a highly valued co-director of Condé Nast’s Talent Group,” Anna Wintour told THR. “We will miss her enthusiasm, her extraordinary network of contacts and her amazing sixth sense of knowing exactly what makes a Vogue story.”

Demling’s exit is yet another in a growing list of departures at the publication’s highest levels. This past summer Tonne Goodman and Phyllis Posnick stepped down from their roles as fashion director and executive fashion editor, respectively. Last month accessories and special projects director Selby Drummond decamped for a new gig at Snapchat. That said, things are still looking up for the Vogue brand as a whole. Recently Condé has re-launched Vogue Greece, and created a new edition of the magazine in Czechoslovakia.

Source: Fashionweekdaily.com
 
Well this is something to celebrate!!! Finally Jill is out, pretentious, annoying, and never liked her! Good riddance!
 

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