Nylon Media Inc. will fold its print publication to focus on its digital content and social media platforms, as well as its creative studios, events and influencer businesses. WWD first reported the news, while the magazine's editorial staff was informed and let go on Thursday afternoon.
"As a result of the restructure, there will be about one dozen layoffs effective immediately. We would like to thank those employees for their dedication in keeping Nylon continuously ahead of the curve," said Marc Luzzatto, Executive Chairman of Nylon Media, in an official statement provided to Fashionista.
Nylon was co-founded by Marvin and Jaclynn Jarrett and launched in 1999. Its magazine captured the zeitgeist of indie and underground culture, in addition to highlighting rising stars in film, art, fashion and music. The two founders ran the publication until 2014, when investment partner Donald Hellinger had blindsided the couple by selling 51 percent of the business. The publication merged with FashionIndie.com, and the couple reportedly had plans to sue the companies that helped advise the sale.
Since then, the company has continued to downsize and shuffle around its staff: Upon the merge, Michelle Lee took on the editor-in-chief role, only to depart one year later. (Then-deputy-editor Melissa Giannini was promoted to fill the position.) Nylon Guys ended its print magazine and went digital-only in 2015 — in addition to more layoffs — only to be brought back to life (briefly) in 2017.
Nylon's October 2017 issue will be its final U.S. print edition, although the company does plan to release an annual "Collector's Issue" in the future. We're pretty bummed about the news, but perhaps we can make a good buck on our old issues now?
UPDATE, Tuesday, Sept. 12, 7:38 p.m.: Nylon Media Inc. has tapped Evan Luzzatto as its new president, reports WWD. Luzzatto — a former Snapchat executive who also previously held positions at Facebook and Instagram — most recently served on Nylon's board as vice chairman. His father, Marc Luzzatto, is the chairman of the company.