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.