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==Mergers and acquisitions==
==Mergers and acquisitions==
===Acquisitions===
{{Main|List of mergers and acquisitions by Condé Nast Publications}}
{| class="wikitable sortable"
|-
! Date
! Company
! Business
! Country
! Value ([[USD]])
!class="unsortable"| References
|-
| {{dts|1987|12|30}}
| ''Signature Magazine''<ref group=note>Citicorp-Signature Magazine was acquired from [[Citigroup]].</ref>
| Magazine
| {{USA}}
|align="center"| —
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_Citicorp_Signature_Magazine_from_Citigroup_Inc-105737020 |title=Conde Nast Publications Inc acquires Citicorp-Signature Magazine from Citigroup Inc (1987/12/30) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|1988|11|30}}
| ''Woman''<ref group=note>Harris Publications-Woman was acquired from [[Harris Publications]].</ref>
| Magazine
| {{USA}}
|align="right"| ${{nts|10000000}}
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_Harris_Publications_Woman_from_Harris_Publications_Inc-108275020 |title=Conde Nast Publications Inc acquires Harris Publications-Woman from Harris Publications Inc (1988/11/30) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|1990|6|25}}
| ''Cook's''<ref group=note>Pennington Publishing-Cook's was acquired from [[Bonnier AB]].</ref>
| Magazines
| {{USA}}
|align="center"| —
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_Pennington_Publishing_Cook_s_from_Bonnier_AB-168299020 |title=Conde Nast Publications Inc acquires Pennington Publishing-Cook's from Bonnier AB (1990/06/25) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|1992|4|22}}
| K-III Magazines-Magazine Sub<ref group=note>K-III Magazines-Magazine Sub was acquired from [[Primedia]].</ref>
| Subscriber lists
| {{USA}}
|align="center"| —
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_K_III_Magazines_Magazine_Sub_from_Primedia_Inc-252540020 |title=Conde Nast Publications Inc acquires K-III Magazines-Magazine Sub from Primedia Inc (1992/04/22) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|1993|4|20}}
| Knapp Communications
| Magazines
| {{USA}}
|align="right"| ${{nts|175000000}}
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_Knapp_Communications_Corp-308941020 |title=Conde Nast Publications Inc acquires Knapp Communications Corp (1993/04/20) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|1998|6|12}}
| ''[[Wired Magazine]]''<ref group=note>''[[Wired Magazine]]'' was acquired from [[Telefonica]].</ref>
| Magazines
| {{USA}}
|align="right"| ${{nts|90000000}}
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_Wired_Magazine_Wired_Ventures_from_Telefonica_SA-757996020 |title=Conde Nast Publications Inc acquires Wired Magazine(Wired Ventures) from Telefonica SA (1998/06/12) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|1999|12|1}}
| [[Fairchild Publications]]<ref group=note>[[Fairchild Publications]] was acquired from [[The Walt Disney Company]].</ref>
| Magazines and newspapers
| {{USA}}
|align="right"| ${{nts|650000000}}
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_Fairchild_Publications_Inc_from_Walt_Disney_Co-914700020 |title=Conde Nast Publications Inc acquires Fairchild Publications Inc from Walt Disney Co (1999/12/01) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|2001|9|5}}
| Johansens<ref group=note>Johansens, the parent company of ''[[Daily Mail]]'', was acquired from Rothermere Investments.</ref>
| Accommodation guides
| {{USA}}
|align="center"| —
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_Johansens_Ltd_Daily_Mail_from_Rothermere_Investments_Ltd-1219422040 |title=Conde Nast Publications Inc acquires Johansens Ltd(Daily Mail) from Rothermere Investments Ltd (2001/09/05) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|2002|2|28}}
| Modern Bride Group<ref group=note>Modern Bride Group was acquired from [[Primedia]].</ref>
| Magazines
| {{USA}}
|align="right"| ${{nts|52000000}}
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_Modern_Bride_Group_Primedia_from_Primedia_Inc-1261812020 |title=Conde Nast Publications Inc acquires Modern Bride Group(Primedia) from Primedia Inc (2002/02/28) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|2002|3|28}}
| Ideas Publishing Group<ref group=note>Ideas Publishing Group was acquired from [[Advance Publications]].</ref>
| Publishing
| {{USA}}
|align="center"| —
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_remaining_interest_in_Ideas_Publishing_Group_from_Advance_Publications_Inc-1283962020 |title=Conde Nast Publications Inc acquires remaining interest in Ideas Publishing Group from Advance Publications Inc (2002/03/28) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|2006|7|11}}
| [[Lycos]] Inc-[[Wired News]]<ref group=note>[[Lycos]] Inc-[[Wired News]] was acquired from [[Telefonica]].</ref>
| Online news
| {{USA}}
|align="right"| ${{nts|25000000}}
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_LYCOS_Inc_Wired_News_from_Telefonica_SA-1776207020 |title=Conde Nast Publications Inc acquires LYCOS Inc-Wired News from Telefonica SA (2006/07/11) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|2006|7|20}}
| [[Nutrition Data]]
| Internet service provider
| {{USA}}
|align="center"| —
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_NutritionData_com-1778873020 |title=Conde Nast Publications Inc acquires NutritionData.com (2006/07/20) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>

|-
| {{dts|2008|4|23}}
| [[SFO*Media]]
| Web sites
| {{USA}}
|align="center"| —
|align="center"| <ref>{{cite web|url=http://www.reuters.com/article/pressRelease/idUS248273+24-Apr-2008+PRN20080424|title=Conde Nast Publications Inc acquires SFO*Media LLC (2008/05/20) |publisher=Reuters|accessdate=2008-11-14}}</ref>


|-
| {{dts|2008|5|20}}
| [[Ars Technica]]
| Web sites
| {{USA}}
|align="center"| —
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_Ars_Technica_LLC-1979222020 |title=Conde Nast Publications Inc acquires Ars Technica LLC (2008/05/20) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|}
===Stakes===
{| class="wikitable sortable"
|-
! Date
! Company
! Business
! Country
! Value ([[USD]])
!class="unsortable"| References
|-
| {{dts|1988|11|29}}
| Wagadon<ref group=note>Conde Nast Publications acquired a 40% interest in Wagadon.</ref>
| Magazines
| {{USA}}
|align="center"| —
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_a_minority_stake_in_Wagadon_Ltd-108845040 |title=Conde Nast Publications Inc acquires a minority stake in Wagadon Ltd (1988/11/29) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|1994|1|19}}
| [[Wired Magazine]]
| Magazines
| {{USA}}
|align="center"| —
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_a_minority_stake_in_Wired_Magazine_Wired_Ventures_from_Telefonica_SA-385708020 |title=Conde Nast Publications Inc acquires a minority stake in Wired Magazine(Wired Ventures) from Telefonica SA (1994/01/19) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|-
| {{dts|2001|1|17}}
| Ideas Publishing Group<ref group=note>Conde Nast Publications acquired a majority interest in Ideas Publishing Group.</ref>
| Publishing
| {{USA}}
|align="center"| —
|align="center"| <ref>{{cite web|url=http://www.alacrastore.com/storecontent/Thomson_M&A/Conde_Nast_Publications_Inc_acquires_Ideas_Publishing_Group-1083158020 |title=Conde Nast Publications Inc acquires Ideas Publishing Group (2001/01/17) |publisher=Thomson Financial|accessdate=2008-10-28}}</ref>
|}


==References==
==References==

Revision as of 08:09, 18 September 2010

Condé Nast
Company typesubsidiary
Founded1907
HeadquartersCondé Nast Building,
New York City
Revenue$5 billion estimated USD, FY 2007
ParentAdvance Publications
WebsiteCondenast.com
Condé Nast Publications's headquarters are in New York City.

Condé Nast (pronounced /ˌkɒndeɪˈnæst/) is a worldwide magazine publishing company. Its main offices are located in New York, Chicago, Miami, Madrid, Milan, Tokyo, London and Paris. Condé Nast is run by S.I. Newhouse Jr, and is a division of Advance Publications, who have owned the company since 1959.

History

Condé Nast is credited[by whom?] with creating the now widely used magazine marketing strategy emphasizing magazines focused on a particular class or interest, sometimes known as lifestyle magazines. Many Condé Nast magazines have their principal focus in fashion, although the company's publications also include travel, food, home, culture, and other interests.

By 1998 the group included 17 such publications, many of them the largest in their markets. It had an average total circulation of over 13 million issues a month, and an estimated actual readership five times larger than that.

The Condé Nast family of publications also includes Fairchild Publications, a former competitor before it was bought by S.I. Newhouse Jr. Fairchild publishes many successful monthly magazines in addition to the specialized daily trade publication Women's Wear Daily.

Condé Nast Publications was founded by Condé Montrose Nast, who took over the flagship magazine, Vogue, in 1909. In 1959, S.I. Newhouse, Sr. purchased a controlling interest. It is now part of the holding company Advance Publications which is owned by the Newhouse family.

Charles Townsend is the current CEO of Condé Nast, Robert Sauerberg is the current President, Louis Cona is the Chief Marketing Officer, David Carey is the current Group President. Thomas J. Wallace, who was promoted from his position as editor-in-chief of Condé Nast Traveler, is editorial director.

On October 31, 2006, Condé Nast acquired the content aggregation site reddit.[1] On May 20, 2008 it was announced that another popular technology-oriented website, Ars Technica, had been acquired.[2]

Condé Nast folded the women's magazine Jane with its August issue in 2007. Its website was later shut down.[3]

One of Condé Nast's oldest titles and one with a paid circulation of nearly 1 million, the 106-year-old US edition of House and Garden magazine, ceased publication after the December 2007 issue.[4]

The company's most recent publication, a business monthly called Condé Nast Portfolio, was shuttered after just over a year, in April 2009.

In late September 2009, Conde Nast was forced to cut 25% of their budget—citing decrease in advertising sales. [5] The cut comes amid a failing print media industry that is struggling with a transition to a digital business model.[6]

On October 5, 2009 Condé Nast announced the closure of three of its publications: Cookie Magazine, Modern Bride and Elegant Bride. Gourmet Magazine ceased monthly publication with its November 2009 issue. The Gourmet brand will continue to focus on television programming and cookbooks.[7]

Current publications

The company publishes one of the most recognizable magazine portfolios in the industry.

Fashion and lifestyle

Home

Bridal

Golf

Food

Travel

Technology

Culture

Defunct publications

Mergers and acquisitions

Acquisitions

Date Company Business Country Value (USD) References
December 30, 1987 Signature Magazine[note 1] Magazine  United States — [8]
November 30, 1988 Woman[note 2] Magazine  United States $10,000,000 [9]
June 25, 1990 Cook's[note 3] Magazines  United States — [10]
April 22, 1992 K-III Magazines-Magazine Sub[note 4] Subscriber lists  United States — [11]
April 20, 1993 Knapp Communications Magazines  United States $175,000,000 [12]
June 12, 1998 Wired Magazine[note 5] Magazines  United States $90,000,000 [13]
December 1, 1999 Fairchild Publications[note 6] Magazines and newspapers  United States $650,000,000 [14]
September 5, 2001 Johansens[note 7] Accommodation guides  United States — [15]
February 28, 2002 Modern Bride Group[note 8] Magazines  United States $52,000,000 [16]
March 28, 2002 Ideas Publishing Group[note 9] Publishing  United States — [17]
July 11, 2006 Lycos Inc-Wired News[note 10] Online news  United States $25,000,000 [18]
July 20, 2006 Nutrition Data Internet service provider  United States — [19]
April 23, 2008 SFO*Media Web sites  United States — [20]


May 20, 2008 Ars Technica Web sites  United States — [21]

Stakes

Date Company Business Country Value (USD) References
November 29, 1988 Wagadon[note 11] Magazines  United States — [22]
January 19, 1994 Wired Magazine Magazines  United States — [23]
January 17, 2001 Ideas Publishing Group[note 12] Publishing  United States — [24]

References

  1. ^ Arrington, Michael (October 31, 2006). "Breaking news: Condé Nast/Wired Acquires Reddit". TechCrunch. Retrieved 2007-01-06.
  2. ^ "Ars Technica acquired by Condé Nast: the low-down". Ars Technica. 20 May 2008. Retrieved 2008-05-20. {{cite web}}: Check date values in: |date= (help)
  3. ^ Jane Magazine Redirect / Goodbye Message
  4. ^ Moses, Lucia (November 5, 2007). "CN Closes House & Garden". Mediaweek. Nielsen Business Media. Retrieved 2008-04-07.
  5. ^ Clifford, Stephanie (2009-09-27). "Cuts Meet a Culture of Spending at Condé Nast". The New York Times. Retrieved 2009-09-27.
  6. ^ What Does Condé Nast’s 25% Cut Mean for Magazines?
  7. ^ http://www.latimes.com/business/la-fi-gourmet-magazine6-2009oct06,0,6710165.story
  8. ^ "Conde Nast Publications Inc acquires Citicorp-Signature Magazine from Citigroup Inc (1987/12/30)". Thomson Financial. Retrieved 2008-10-28.
  9. ^ "Conde Nast Publications Inc acquires Harris Publications-Woman from Harris Publications Inc (1988/11/30)". Thomson Financial. Retrieved 2008-10-28.
  10. ^ "Conde Nast Publications Inc acquires Pennington Publishing-Cook's from Bonnier AB (1990/06/25)". Thomson Financial. Retrieved 2008-10-28.
  11. ^ "Conde Nast Publications Inc acquires K-III Magazines-Magazine Sub from Primedia Inc (1992/04/22)". Thomson Financial. Retrieved 2008-10-28.
  12. ^ "Conde Nast Publications Inc acquires Knapp Communications Corp (1993/04/20)". Thomson Financial. Retrieved 2008-10-28.
  13. ^ "Conde Nast Publications Inc acquires Wired Magazine(Wired Ventures) from Telefonica SA (1998/06/12)". Thomson Financial. Retrieved 2008-10-28.
  14. ^ "Conde Nast Publications Inc acquires Fairchild Publications Inc from Walt Disney Co (1999/12/01)". Thomson Financial. Retrieved 2008-10-28.
  15. ^ "Conde Nast Publications Inc acquires Johansens Ltd(Daily Mail) from Rothermere Investments Ltd (2001/09/05)". Thomson Financial. Retrieved 2008-10-28.
  16. ^ "Conde Nast Publications Inc acquires Modern Bride Group(Primedia) from Primedia Inc (2002/02/28)". Thomson Financial. Retrieved 2008-10-28.
  17. ^ "Conde Nast Publications Inc acquires remaining interest in Ideas Publishing Group from Advance Publications Inc (2002/03/28)". Thomson Financial. Retrieved 2008-10-28.
  18. ^ "Conde Nast Publications Inc acquires LYCOS Inc-Wired News from Telefonica SA (2006/07/11)". Thomson Financial. Retrieved 2008-10-28.
  19. ^ "Conde Nast Publications Inc acquires NutritionData.com (2006/07/20)". Thomson Financial. Retrieved 2008-10-28.
  20. ^ "Conde Nast Publications Inc acquires SFO*Media LLC (2008/05/20)". Reuters. Retrieved 2008-11-14.
  21. ^ "Conde Nast Publications Inc acquires Ars Technica LLC (2008/05/20)". Thomson Financial. Retrieved 2008-10-28.
  22. ^ "Conde Nast Publications Inc acquires a minority stake in Wagadon Ltd (1988/11/29)". Thomson Financial. Retrieved 2008-10-28.
  23. ^ "Conde Nast Publications Inc acquires a minority stake in Wired Magazine(Wired Ventures) from Telefonica SA (1994/01/19)". Thomson Financial. Retrieved 2008-10-28.
  24. ^ "Conde Nast Publications Inc acquires Ideas Publishing Group (2001/01/17)". Thomson Financial. Retrieved 2008-10-28.


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