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Posts Tagged ‘Fairchild Fashion Media’

Jay Penske Tells WWD Employees About the Money They’ve Been Losing

FFMLogoNew York Times reporter Laura M. Holson has the details of meetings chaired by Jay Penske with Women’s Wear Daily staff the day after the announcement of his acquisition of Fairchild Fashion Media.

The meetings took place on Third Avenue, in a seventh floor conference room. But the number that jumps out from Holson’s article is much larger: $50 million, or the amount Penske told gathered employees that Fairchild has lost over the past five years:

Through a spokeswoman, Mr. Penske declined to be interviewed. But Gerry Byrne, the vice chairman of Penske Media Corporation, confirmed Mr. Penske’s plans for WWD’s digital and overseas expansion.

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Morning Media Newsfeed: ISIS Claims to Execute Journalist | Condé Nast Sells Fairchild

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Kidnapped Journalist, Apparently Executed by ISIS (NBC News)
The Islamic State of Iraq and al-Sham (ISIS) claims to have beheaded an American photojournalist and has threatened the life of another American journalist if President Obama doesn’t stop airstrikes in Iraq. TVNewser In a gruesome video, James Wright Foley, a freelance journalist for Global Post, is apparently beheaded by ISIS militants. The militants claim they are also holding journalist Steven Soltoff. HuffPost The YouTube video and photos purportedly of Foley emerged on Tuesday. Titled “A Message to #America (from the #IslamicState),” the video identified a man on his knees as “James Wright Foley” and showed his beheading. “This is James Wright Foley, an American citizen of your country,” an Islamic State militant says in the video, which has since been removed by YouTube. “As a government, you have been at the forefront of the aggression towards the Islamic State. You have plotted against us and have gone far out of your way to find reasons to interfere in our affairs. Today, your military air force is attacking us daily in Iraq, your strikes have caused casualties among Muslims.” Politico / Dylan Byers on Media Foley disappeared in northwest Syria on November 22, 2012. The White House said they have not yet confirmed the authenticity of the video. NYT In Washington, a National Security Council spokeswoman, Caitlin Hayden, said in a statement: “We have seen a video that purports to be the murder of U.S. citizen James Foley by ISIL. The intelligence community is working as quickly as possible to determine its authenticity. If genuine, we are appalled by the brutal murder of an innocent American journalist,” she said, using an alternative name for ISIS.

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Penske to Acquire Fairchild Fashion Media

FFMLogoCondé Nast wouldn’t comment. But according to New York Times media reporter Ravi Somaiya, Jay Penske is about to add an impressive group of media properties to his PMC empire.

From Somaiya’s report:

Condé Nast plans to sell Fairchild Fashion Media, the group behind trade publications like Women’s Wear Daily and Footwear News, to Penske Media for around $100 million, according to a person familiar who has been briefed on the deal.

Fairchild’s employees will go with the new company, the person, who spoke on condition of anonymity to reveal an as-yet unannounced deal, said.

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Melissa Brecher Named CMO of Fairchild Fashion Media

Melissa Brecher has been promoted from vice president of marketing and communications of Fairchild Fashion Media (FFM) to chief marketing officer.

Brecher has been with Condé Nast for 12 years. During that time she has been associate publisher of marketing for Lucky magazine and prior to that, director of merchandising and promotion services.

In her new role Brecher will continue to report to Will Schenck, executive vice president, chief revenue officer for FFM.

Two Promotions at Fairchild Fashion Media

Fairchild Fashion Media has announced two promotions. Brett Mitchell has been named advertising manager for M magazine, and Ellie Ghadimi has been named advertising director, beauty, for WWD and Beauty Inc.

Mitchell has been with FFM since 2002. He has spent most of that time building up the men’s business at WWD.

Ghadimi joined FFM four years ago and most recently worked as WWD’s finance and luxury good director.

Fairchild Fashion Media Makes Publisher Changes

There have been two changes at Fairchild Fashion Media. Pamela Daniels has joined the company as the new publisher of Beauty, Inc. Daniels comes to Fairchild from Rodale, where she served as business development director since February.  She will report to Paul Jowdy, vice president, publisher of WWD.

Additionally, Matt Rice has been promoted to associate publisher of Style.com, NowManifest and Style.com/Print. Rice was most recently advertising director for Fairchild.

M Magazine is Relaunching

Fairchild Fashion Media is relaunching M, the men’s title that folded in early 90s. The new version will be overseen by Fairchild’s Editorial Director, Peter Kaplan. Marc Berger has also been named Vice President, Publisher of M. The initial circulation will be 75,000 and the first issue will hit newsstands September 24.

M will target rich dudes who like fashion. Or maybe we should let Kaplan explain? According to him, M will “speak to an elite and exclusive group of affluent consumers and top industry players.”

Hmm… We’re pretty sure he’s talking about the same people we are.

Fairchild Fashion Media Purchases Blog Network

Fairchild Fashion Media (FFM) has acquired Fashion Networks International (FNI), a media enterprise. FNI’s biggest brand is NowManifest.com, a site that curates posts from high profile fashion bloggers such as Anna Dello Russo, Bryan Grey Yambao, Rumi Neely and Elin Kling. NowManifest gets an average of 1.2 million unique visitors per month.

As part of the deal, NowManifest’s Co-founder, Christian Remröd, will join FFM as Managing Director, NowManifest and Fairchild Fashion Media Business Development.

“We are thrilled to welcome Christian and Fashion Networks International to Fairchild Fashion Media,” said FFM’s President and CEO Gina Sanders. “This acquisition furthers our mission to deliver an insider perspective to the global fashion community, while offering exciting new functionality and meaningful scale.”