On the day that we learn that Richard Beckman, the CEO of Women’s Wear Daily publisher Fairchild Publications, is stepping down, comes news that former WWD group publisher Ralph Erardy has started his own media company and is preparing to launch a retailer trade magazine of his own by the end of the month.
Just over a year since Erardy was let go from Fairchild in a shake-up at the Condé Nast-owned trade publisher, he has launched Insider Communications Group and plans to debut his new pub, Specialty Insider magazine, on January 25.
Erardy said he’s drawing on the talent of people he worked with previously at WWD, whose jobs were also eliminated in the past year, to launch the quarterly. But why now?
“Launching a new magazine that fills a critical gap in the market fulfills a long-standing goal to provide a much-needed guide that responds directly to my ongoing conversations with specialty retailers and advertisers,” Erardy says in an open letter. “Specialty Insider is a unique publication that empowers both buyers and sellers to improve their businesses.”
And just in case you thought Erardy could use the opportunity of Beckman’s departure to target his former pub’s audience, he told Folio that Specialty Insider would not be directly competing with WWD: “It wouldn’t be wise to compete with WWD. No one does retail news better so we’re not going in that direction. Specialty Insider will focus on retailers surviving the fashion industry at retail.”
Read more: Former WWD Group Publisher To Launch Retailer Trade Title — Folio