Penske Media Buys Fairchild Trade Titles, Including WWD

Penske Media Corp., the Los Angeles-based publishing company founded by automotive heir Jay Penske, is acquiring Fairchild Fashion Media's trade magazines from Conde Nast Publications.The sale includes Women's Wear Daily and Footwear News, according to a statement today from the companies."This is a unique and remarkable opportunity to add a collection of esteemed global brands to our growing portfolio," Mr. Penske, who is chairman and chief executive officer, said in the statement. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2014-08-20 00:00:00 UTC ]

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