Vogue “bible” Ladies’s Put on Day by day continues to slim down whilst its proprietor, Penske Media, beefs up by way of a $225 million merger with the writer of The Hollywood Reporter.
Two high editorial executives quietly departed the commerce publication on the finish of the 12 months, together with one who had been there for 35 years, because the COVID-19 pandemic continues to crush the style business.
Govt editor Bridget Foley and digital director Sophia Chabbott had been high deputies of editorial director Jim Fallon, who couldn’t be reached for remark.
As The Put up beforehand reported, WWD handed out pink slips in December amid cuts to promoting and subscriptions. It’s unclear whether or not these high-profile departures had been a part of that spherical however some WWD insiders had been mentioned to be upset that Foley was allowed to depart after 35 years with no fanfare and no farewell from the highest.
She might, nevertheless, proceed to jot down her column “Bridget Foley’s Diary” as a contributor, mentioned a spokeswoman for WWD proprietor Penske Media.
“We’re working with Bridget to proceed her column for years to return, in addition to collaborating with a few of our different Penske Media Company manufacturers on further style initiatives together with her,” the spokeswoman mentioned. “This isn’t a termination however a restructure.”
“I like writing in regards to the business,” Foley mentioned, however acknowledged, “the 2 industries I function in, media and style, are going via large adjustments.”
The departures come as price pressures proceed to mount for style publications as retailers shut their doorways as a result of pandemic and stuck-at-home shoppers flock to informal put on.
However that hasn’t stopped proprietor Penske Media from beefing up in different places with a $225 million deal to acquire 80 percent of MRC Corp., the corporate that publishes Billboard, The Hollywood Reporter and Vibe. The mags will probably be merged into a brand new three way partnership referred to as PMRC that can embody Penske’s Selection and Deadline titles.
Chabbott began her profession at WWD earlier than jumped to public sale home Christie’s and changing into editorial director of Saks Fifth Ave. and on-line style editor at Glamour. She jumped to WWD in 2016 as director of digital and couldn’t be reached for remark.