List of mergers and acquisitions by Condé Nast

Condé Nast
Subsidiary
Industry Mass media
Founder(s) Condé Nast
Key people Samuel Newhouse, Jr.
(Chairman)
Charles Townsend
(CEO)
Robert Sauerberg, Jr.
(President)
Parent Advance Publications
Website www.condenast.com


Condé Nast, a division of Advance Publications, is a mass media company headquartered in the Condè Nast Building in New York City. The company attracts more than 164 million consumers across its 20 print and digital media brands: Allure, Architectural Digest, Ars Technica, Bon Appétit, Brides, Condé Nast Traveler, Details, Epicurious, Glamour, Golf Digest, Golf World, GQ, Lucky, The New Yorker, Self, Teen Vogue, Vanity Fair, Vogue, W and Wired.

The company launched Condé Nast Entertainment in 2011 to develop film, television and digital video programming. The company also owns Fairchild Fashion Media (FFM) and its portfolio of comprehensive fashion journalism brands: Beauty Inc., Footwear News, M, Style.com and WWD.

The company was founded in 1909 by Condé Montrose Nast and has been owned by the Newhouse family since 1959. Samuel Irving Newhouse, Jr. is the chairman and CEO of Advance Publications, Charles H. Townsend is its chief executive officer and Robert A. Sauerberg is its president.

History

Condé Montrose Nast, a New York City-born publisher, launched his magazine empire in 1909 with the purchase of Vogue, which was first created in 1892 as a New York weekly journal of society and fashion news.[1] At first, Nast published the magazine under Vogue Company and didn’t incorporate Condé Nast until 1923. He had a flair for nurturing elite readers as well as advertisers and upgraded Vogue, sending the magazine on its path of becoming a top fashion authority. Eventually, Nast’s portfolio expanded to include House & Garden, Vanity Fair (briefly known as Dress and Vanity Fair), Glamour and American Golfer. 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.[2] Its magazines focus on a wide range of subjects, including travel, food, home, culture, and other interests, with fashion the larger portion of the company's focus.

Nast remained committed to publishing the highest-quality magazines, and in order to ensure the finest printing for his magazines opened a state-of-the-art printing press in 1924. It eventually grew to become one of the finest manufacturing plants in the country (until it closed in 1964 to make way for more centrally located sites capable of producing higher volumes). Adherence to those high standards continued even during the Great Depression, when Condé Nast introduced innovative typography, design and color. Vogue's first full color photograph 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.[3] Glamour, launched in 1939, was the last magazine personally introduced to the company by Nast, who died in 1942.

In 1959, Samuel I. Newhouse, known as “Sam,” bought a controlling interest in Condé Nast, merging 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.

The Newhouse era at Condé Nast launched a period of acquisitions (Brides was acquired in 1959), overhauls of existing magazines (after being shuttered in 1936, Vanity Fair was revived in 1983) and the founding of new publications (Self was launched in 1979). And during the years following Samuel’s 1979 death, Condé Nast continued to control an impressive roster of publications, maintaining its image as a premier publisher.

In June 1999, Condé Nast moved from its 350 Madison Avenue address to 4 Times Square,[4] which at the time had been the first skyscraper built in New York City since 1992 and boasted a Frank Gehry cafeteria. The move was also viewed as a contributor to the transformation of Times Square.[5]

In August 1999, Condé Nast purchased Fairchild Publications[6] (now known as Fairchild Fashion Media), home to W and WWD, from the Walt Disney Company.

On October 5, 2009, Condé Nast announced the closure of three of its publications: Cookie, Modern Bride, and Elegant Bride. 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.

Other Condé Nast titles were shut down as well. The company folded the women's magazine Jane with its August issue in 2007 and later shut down its website. One of Condé Nast's oldest titles, the American edition of House and Garden, ceased publication after the December 2007 issue. Portfolio, Mademoiselle and Domino were folded as well.

Condé Nast has also made some notable acquisitions. On October 31, 2006, Condé Nast acquired the content aggregation site Reddit, which was later spun off as a wholly owned subsidiary in September 2011. On May 20, 2008, the company announced its acquisition of another popular technology-oriented website, ArsTechnica.com.

In July 2010, Robert Sauerberg became Condé Nast’s president, ushering in a new era less reliant on print adverting and increasingly focused on the development of digital platforms, innovative products and new marketing services to generate revenue. In May 2011, Condé Nast 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.[7]

In June 2011, Condé Nast announced that it would relocate its headquarters to One World Trade Center in 2015.[8]

In September 2011, Condé Nast said it would offer 17 of its brands to the Kindle Fire.[9]

Condé Nast Entertainment

The company launched Condé 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.[10] 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.[11][12]

Current US publications and digital assets

Fashion and lifestyle

Home

Bridal

Golf

Food

Travel

Technology

Culture

FFM

Defunct publications

Mergers and acquisitions

Acquisitions

Date Company Business Country Value (USD) References
Signature Magazine[note 1] Magazine  United States [13]
Woman[note 2] Magazine  United States $10,000,000 [14]
Cook's[note 3] Magazines  United States [15]
K-III Magazines-Magazine Sub[note 4] Subscriber lists  United States [16]
Knapp Communications Magazines  United States $175,000,000 [17]
Wired Magazine[note 5] Magazines  United States $90,000,000 [18]
Fairchild Publications[note 6] Magazines and newspapers  United States $650,000,000 [19]
Johansens [note 7] Accommodation guides  United States [20]
Modern Bride Group[note 8] Magazines  United States $52,000,000 [21]
Ideas Publishing Group[note 9] Publishing  United States [22]
Lycos Inc-Wired News[note 10] Online news  United States $25,000,000 [23]
Nutrition Data Internet service provider  United States [24]
Reddit Online News  United States [25]
SFO*Media Web sites  United States [26]
Ars Technica Web sites  United States [27]
ZipList Web sites  United States [28]

Stakes

Date Company Business Country Value (USD) References
Wagadon[note 11] Magazines  United States [29]
Wired Magazine Magazines  United States [30]
Ideas Publishing Group[note 12] Publishing  United States [31]

References

Notes
References

External links

New York City portal
Companies portal
  • Condé Nast homepage
  • Condé Nast article in St. James Encyclopedia of Pop Culture
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