Conde Nast Spins Off Lucky Magazine but Keeps Majority Stake

Conde Nast ended years of speculation on Monday about whether it would shutter Lucky or continue to print the sputtering magazine by instead spinning off Lucky into a separate company called The Lucky Group.The new company is a joint venture between Conde Nast and BeachMint, an e-commerce company co-founded by Josh Berman, who also co-founded MySpace. Mr. Berman will be CEO of The Lucky Group. The company's board of directors will include a representative from Conde Nast, which is the majority shareholder, according to a Conde Nast employee.The Lucky Group will have about 180 employees, with an office in Santa Monica, Calif., where BeachMint is headquartered, and an office in New York that will be separate from Conde Nast, according to Mr. Berman. No one from Lucky will be laid off, he added. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2014-08-12 00:00:00 UTC ]
News tagged with: #lucky group #majority stake #joint venture #conde nast #co-founded myspace #majority shareholder #santa monica

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Endless buys majority stake in The Works

Endless has acquired a larger stake in The Works, after buying executive chairman Anthony Solomon's stake, and is to open 30 new stores this year as part of its growth programme for 2015. Endless, a venture capitalist company which also owns a stake in The Book People, is now a majority... Continue reading at The Bookseller

[ The Bookseller | 2015-05-15 00:00:00 UTC ]
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GroupM, Conde Nast 100% Viewability Deal Only Applies to Standard Ads

GroupM and Conde Nast caught a lot of people off-guard when the publisher agreed to only charge the media agency's clients for ads that were guaranteed to are entirely viewable by comsumers, a tougher stance than the industry was pushing. "I got emails from all of my peers in the industry... Continue reading at Advertising Age

[ Advertising Age | 2015-04-14 00:00:00 UTC ]
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Lucky Magazine Lays Off About 10 Staffers

Lucky magazine, the women's shopping title that was once a blockbuster success for Conde Nast, laid off about 10 staff members this week. One person with knowledge of the matter said nearly 15 employees were let go. A Lucky spokeswoman, however, put the number at "less than 10."The spokeswoman... Continue reading at Advertising Age

[ Advertising Age | 2015-02-06 00:00:00 UTC ]
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Conde Nast Editors to Create Articles, Videos for Advertisers

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[ Advertising Age | 2015-01-27 00:00:00 UTC ]
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Conde Nast Entertainment Hires YouTube Stars for Original Video Push

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[ Advertising Age | 2014-11-14 00:00:00 UTC ]
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Will 'King of Magazines' Spin Off Print Unit? Execs 'Not Opposed'

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[ Advertising Age | 2014-10-24 00:00:00 UTC ]
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Layoffs, Reshuffling Begin at Conde Nast

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[ Advertising Age | 2014-10-17 00:00:00 UTC ]
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Kim Kelleher Named Publisher of Conde Nast's Wired

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[ Advertising Age | 2014-09-10 00:00:00 UTC ]
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Conde Nast Is Looking to Hire a Top Digital Executive

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[ Advertising Age | 2014-09-10 00:00:00 UTC ]
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Conde Nast Carves Out New Role for Former Fairchild CEO Gina Sanders

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[ Advertising Age | 2014-09-03 00:00:00 UTC ]
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Conde Nast Puts Epicurious.com Under Bon Appetit Control

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[ Advertising Age | 2014-08-11 00:00:00 UTC ]
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Conde Nast Reshuffles Executive Ranks as Editorial Director Leaves and President Gains Power

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[ Advertising Age | 2014-07-23 00:00:00 UTC ]
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Conde Nast Drops Longstanding Policy Affecting Beauty Advertisers

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[ Advertising Age | 2014-07-09 00:00:00 UTC ]
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Conde Nast Drafts an Internal 'Magna Carta' for Native Advertising

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[ Advertising Age | 2014-05-28 00:00:00 UTC ]
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[ Publishers Weekly | 2014-05-05 00:00:00 UTC ]
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How Conde Nast, New York Times, Hearst Are Adapting for Real-Time Bidding

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[ Advertising Age | 2013-11-18 00:00:00 UTC ]
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Conde Nast Traveler Said to Cut Half of Editorial Staff

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[ Fast Company | 2013-09-12 00:00:00 UTC ]
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[ Fast Company | 2013-08-20 00:00:00 UTC ]
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Sale of Springer majority stake

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[ The Bookseller | 2013-06-19 00:00:00 UTC ]
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