Conde Nast is an international magazine publisher that specializes in lifestyle publications.
Conde Nast publishes many of the world’s leading fashion and lifestyle magazines, including Vogue, Glamour, Vanity Fair, and GQ. It also publishes The New Yorker and Wired and owns the tech blog Ars Technica and the link-sharing site Reddit. It launched a fashion school in London in 2013. Conde Nast sold a group of publications under the division Fairchild Fashion Media to Penske Media for $100 million in 2014, 15 years after it bought Fairchild from Disney for $650 million.
Owned since 1959 by the Newhouse family’s Advance Publications and chaired by S.I. “Si” Newhouse Jr., Conde Nast has been known for several decades as one of the United States’ more glamorous and free-spending publishing empires. Its profits typically have been low, though, because of its lavish spending and consistent investment in new titles.
Still, the company has made significant cuts and layoffs since 2008 as a result of declining advertising and profit. In 2009, it closed several magazines including Portfolio (whose website was kept alive by another Advance subsidiary), Domino, and Modern Bride.
It also closed the 68-year-old food magazine Gourmet, though in 2010 the magazine was reintroduced in an iPad version.
Since the early 2000s, Conde Nast’s advertising department has designed and developed advertising campaigns, similar to a full-fledged ad agency. It expanded into digital-only ads in 2010 and multimedia, social media and apps in 2011.
Hearst Corp. is a privately held American media conglomerate. Hearst owns 15 daily newspapers, led by the Houston Chronicle and San Francisco Chronicle. It also owns numerous magazines, including Good Housekeeping, Cosmopolitan, Esquire, Seventeen, and O. Hearst also owns broadcasting and digital properties, including the search marketing firm iCrossing. Hearst shut down the Seattle Post-Intelligencer’s…
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