New York Post

CONDÉ NAST AX TO FALL

Threat of triumvirat­e afoot

- By KEITH J. KELLY kkelly@nypost.com

MORE cuts are in store at Condé Nast as the publisher is weighing merging the fashion market editors for Vanity Fair, Glamour and Wunder one umbrella, sources said.

Right now each title has its own staff. The combinatio­n would inevitably mean major layoffs.

Nobody knows which department will triumph. Vanity Fair is going to continue to publish 12 issues a year, but Glamour is going to do only 10 next year.

W, which initially said that it would downsize to 10 issues, recently changed that to eight — but switch to a heavier and glossier stock.

Glamour Editor-in-Chief Cindi Leive quietly broke the news to some of her staff last week so they could get a jump on landing new jobs, sources said. Outgoing Vanity Fair Editor-in-Chief Graydon Carter appears to be letting his replacemen­t, Radhika Jones, handle the move.

Magazines throughout the Condé family are being asked to chop costs at least 20 percent as part of a companywid­e effort to shave $100 million in costs next year in a bid to stay profitable.

Carter, Leive and W Editor-in-Chief Stefano Tonchi either could not be reached or did not return calls requesting comment.

Daily dearth

Uncertaint­y is gripping the Daily News as the depleted edit staff waits to find out who will succeed Arthur “Chucky” Browne as editorin-chief.

Former Parade magazine Edit or-in-Chief Maggie Murphy is the latest name to surface as a possible successor.

Murphy has been in to see the teetering tabloid’s management several times, sources said — but it now looks as though they are going in a different direction.

That has left the editorial staff frazzled.

Browne announced after the Tronc takeover in September that he would only stick around until year end.

The paper lost $13.7 million in the first half of 2017, and Tronc embarked on sweeping cuts to its business side that recently cut up to 30 people over the past 10 days as it centralize­s many operations in Tronc’s Chicago HQ.

The decimated editorial staff has already been cut back to around 85 people.

“There’s nobody left to cut,” grumbled one edit insider.

Tronc chairman Michael Ferro is believed to have bypassed internal candidates like Jim Gaines, a former Time Inc. top editor who joined the News last summer, and Robert Moore, the managing editor, news.

Ferro is thought to be keeping onetime Chicago Sun-Times Editor-in-Chief and Publisher James Kirk on the reserve list.

Galerie sale

Hudson News kingpin James Cohen and his wife, Lisa Cohen, are selling a big stake in their 1-year-old interior design magazine, Galerie, to Sandow Media.

“We’re profitable, absolutely,” said CEO Adam San

dow of the overall company, although he acknowledg­ed that Galerie, a quarterly, is still in “investment stage.”

Sandow declined to disclose terms of the deal — being made via the Sandow Capital investment arm— but said the acquisitio­n makes him an “equal partner” with the Cohens.

Sandow said he is buying Galerie to complement his other shelter and design titles, including 85-year-old Interior Design, Interior Design Homes and Luxe.

Sandow has been renting space in Rockefelle­r Center’s old Time & Life Building as a subtenant to Time Inc. — which vacated to downtown Manhattan two years ago.

But now that old Time lease is ending and Sandow left the building last month and moved its HQ a few blocks south to a new 45,000-square-foot headquarte­rs at 101 Park Ave.

Unlike most publishers who are shedding space, Sandow said he has an additional 7,000 square feet.

 ??  ??

Newspapers in English

Newspapers from United States