Condé Nast CEO Bob Sauerberg last week confirmed to staffers in a memo that the publisher would sell off Brides, Golf Digest and W—all of which had been acquired by Condé Nast over the years. “These are truly great creative assets that need an owner who will invest in them to realize their full potential,” wrote Sauerberg.
“Those titles never quite fit there, they were outsiders, and not having them doesn’t harm the core Condé perception,” said Clint White, president and founder, WiT Media. “They won’t be missed by the big corporate ad buyers.”
The move comes after Condé Nast reportedly lost more than $100 million last year. A spokesperson for Condé Nast declined to comment on the figure.
Sauerberg, in the email, acknowledged that it was a “complicated” time…