Future Media Group has bought W Magazine from
Conde Nast. The purchase will bring W together with Surface (covering
global design, architecture, art, fashion and culture) and Watch Journal (fine
watches) to form Future Media Group. The group will continue to publish eight
print issues of W annually while also expanding the brand's digital and
experiential footprint, according to a Future Media news release.
“W has always been an
extraordinary and visionary arbiter of style. For over 45 years, its pages have
been filled with indelible imagery and exciting journalism,” said Marc
Lotenberg, CEO of Future Media Group. “We look forward to honoring and building
on that legacy. We know that W will serve as a perfect complement to the
publications already in our portfolio.”
Editor-in-chief
Stefano Tonchi is replaced by Sara Moonves, Future Media announced. Tonchi has
filed a breach of contract suit against Conde parent Advance Publications,
saying he was terminated wrongfully, WWD reported.
A spokesman for Conde
dubbed Tonchi’s claims “patently false,” WWD reported.
Moonves, who
previously worked at Vogue and at T: The New York Times Style
Magazine, joined the staff of W as style director in 2017.
Future Media Group
will operate W offices in Paris , Milan , New York and Los Angeles
W was purchased
by Condé Nast from The Walt Disney Company in 1999.
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