After nearly a decade, Wmag has a new editor-in-chief:
Author:Tyler McCallPublish date:Jun 25, 2019Updated onJun 25, 2019Following months of speculation, Condé Nast has finally found a buyer for W magazine, according to a statement from the publishing company. On Monday, the owners of Surface and Watch Journal acquired the publication, as well as the license to W Korea, under the newly formed Future Media Group.
Longtime Editor-in-Chief Stefano Tonchi is not coming along as part of the deal. Tonchi, who has been in his role since 2010, had been heavily involved in talks of W's sale and was expected to stay with the publication, but reportedly bowed out after disagreements over salary. Instead, Tonchi will be replaced by Sara Moonves, W's current style director.
"I think he's done a wonderful job at the brand, but from an innovative standpoint and where we are looking to go, I think women's fashion should be seen through women's point of view," Future Media Chief Executive and Chairman Marc Lotenberg told BoF. Future Media Group is lead by Lotenberg, Eric Crown and Sandow Media. As part of the transition, Condé Nast has agreed to manage digital and video ad sales, as well as operations, through the end of the year.Tagsterms:WNetworkConde NastSara MoonvesW MagazineStefano TonchiSurface Magazine
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