Condé Nast president and CEO Bob Sauerberg announced Tuesday that the company has bought Pitchfork Media, the influential Chicago-based music brand that covers music online at Pitchfork.com and through The Pitchfork Review, a quarterly print magazine. It also organizes yearly Pitchfork Music Festivals in Chicago and Paris.
Pitchfork's acquisition is effective immediately and the team will report to Chief Digital Officer Fred Santarpia, who told The New York Times that the quarterly print publication and events will continue.
CEO Ryan Schreiber founded Pitchfork at age 19 in 1995; the publication has since gained a reputation for highlighting up-and-coming artists with the potential for major success, including Arcade Fire and Bon Iver. According to Condé, the company attracts over six million unique visitors per month.