The Condé Nast rumor mill is abuzz on Thursday afternoon, just one day after news broke that Allure's founding editor would be leaving her role after 25 years. According to several sources close to Teen Vogue, staffers were called into a meeting where they were informed of changes to come at the magazine. One reliable source confirmed to us that Teen Vogue Publisher Jason Wagenheim, who joined the team in 2011, is out. At press time, a rep for the magazine could only confirm that Editor-in-Chief Amy Astley "is not departing" — though it was unclear whether this refers to the magazine or Condé Nast as a whole. According to one source, the meeting only lasted 10 minutes and was very vague, but word travels fast: Twitter is also starting to light up with speculation that the title is folding into Vogue.
Update: Teen Vogue's print and digital operations aren't changing. A spokesperson for the magazine released the following statement.
Teen Vogue will continue to operate independently, with the same frequency, and have its distinct voice. As Artistic Director, Anna [Wintour] will continue to oversee editorial operations, with Amy [Astley] and her team reporting in to her, as before. We are making a change in reporting structure on the business side. [Vogue Publisher] Susan Plagemann will oversee the sales and marketing teams. We feel this will only serve to strengthen the power of both brands. Jason Wagenheim is planning to leave the company after the Thanksgiving holiday.
This isn't the first time Plagemann has assumed responsibility for another Condé Nast brand: Before Style.com was shuttered and its leaner team transitioned into Vogue Runway, Condé Nast announced its then editor-in-chief and publisher would report to Wintour and Plagemann, respectively.