Two months after restructuring its women’s titles, Hachette Filipacchi Media has started to expand its restructuring efforts to its men’s enthusiast titles. Yesterday, the company’s president and CEO Alain Lemarchand announced that 28-year veteran Nick Matarazzo, group publishing director of Hachette’s Men’s Enthusiast Network, would be leaving the company. An internal memo said that Matarazzo and Hachette “mutually agreed” to part ways and noted that his position will not be filled.
Matarazzo (left) oversaw titles such as Car and Driver, Road & Track, Cycle World, American Photo, Popular Photography, Boating, Flying and Sound & Vision. Anne Janas, senior vice president of corporate communications at Hachette, confirmed that the company is in discussions to sell a number of those titles — the photography books, Boating, Flying and Sound & Vision — but said Matarazzo’s departure did not necessarily mean that they were close to a deal. But we’re going to keep our eye on it.
As for the other titles in the M.E.N. group, Janas said Hachette “will continue to make changes [like the recent brand-centric restructuring at its women's titles] in order to best meet today’s market challenges.”
The full internal memo regarding Matarazzo’s exit, plus statements from Matarazzo and Lemarchand, after the jump.