CONDE NAST CONSOLIDATES MAGAZINE DIVISIONS

All Titles Now Part of 'Conde Nast Publications'

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NEW YORK (AdAge.com) -- S.I. Newhouse Jr.’s Conde Nast Publications will now be the brand name for all of the Advance Publications magazines. The privately held company today reorganized all of its magazine units, including Fairchild Publications and Golf Digest Cos., as divisions of Conde Nast, its highest-profile division.
Conde Nast's formerly separate units are now all part of Conde Nast Publications.

Staff memo
“We have reached a point in the growth of our business where it makes good sense to operate as one consolidated company, Conde Nast Publications,” Charles H. Townsend, president-CEO of Conde Nast, said in a memo to staff.

Mary Berner was named an officer of Conde Nast, and president of its new Fairchild division. She had been president-CEO of Fairchild Publications -- Conde Nast's independent sibling under Advance until today and the publisher of magazines like Jane, Details, Modern Brides, W and Women’s Wear Daily.

Mitch Fox also became a Conde Nast officer, and president of the Golf Digest division. He had been president-CEO of the Golf Digest Cos., another formerly independent Advance unit.

At Conde Nast, they join David Carey, who was recently named president of Conde Nast’s newly formed business magazine division.

Executive changes
In addition, Conde Nast named Debi Chirichella chief financial officer; she had been senior vice president for finance at Conde Nast. And Bob Sauerberg was named executive vice president for consumer marketing; he had been chief operating officer of Fairchild Publications.

Two key staffers at Conde Nast’s executive team will remain unchanged: John Bellando remains as chief operating officer of Conde Nast Publications, and Richard Beckman will continue as president of Conde Nast Media Group.

In sum, Conde Nast Publications will comprise Conde Nast magazines, the business division, Fairchild Publications, Golf Digest Publications, the Conde Nast Media Group, CondeNet and the Conde Nast Shared Services Centers.

Advance bought Fairchild in 1999 for about $650 million from the Walt Disney Co. Two years later it acquired Golf Digest and three other golf titles from The New York Times Co. for an estimated $400 million.

More office space required
With the absorption of all of Advance’s glossies, Conde Nast needs more room than its headquarters at 4 Times Square. Mr. Townsend said the company will operate three other offices in Manhattan in addition to 4X2: 750 Third Avenue, 1166 Sixth Avenue and 1440 Broadway.

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