It's been just a year since Condé Nast announced that it would be scaling back Teen Vogue's print editions to a quarterly format, but the media giant is already parting ways with the magazine's new model: Condé Nast is expected to shutter Teen Vogue's print editions, according to WWD.
In addition, WWD states that the publisher will slash "about 80 jobs," which comes out to being a reported 2.5 percent decrease from its 3,000-person employee base. Condé Nast's end-of-year cuts will also extend across the budgets of the company's worst-performing magazines, reportedly reducing the frequency of all titles but Vanity Fair, Vogue and Wired, which publish monthly, Brides, which publishes bimonthly, and The New Yorker, which publishes weekly. WWD speculates GQ, Glamour, Allure and Architectural Digest will go from 12 to 11 issues per year, Bon Appétit from 11 to 10 and W and Condé Nast Traveler from 10 to eight.
As for what will become of Teen Vogue and its savvy, newly appointed Editor-in-Chief Elaine Welteroth, WWD's sources allege that Welteroth may remain "working on the title in some capacity and will likely find an additional role at the company." Perhaps, sources claim, this could take the form of the top editor role at Glamour, replacing Cindi Leive (who announced her forthcoming departure from the title last month), or Allure, with current EIC Michelle Lee moving to Glamour? Or, could Welteroth open a new Condé Nast brand entirely, as editorial wunderkind Phillip Picardi has recently done with Them?
WWD estimates that successors at Glamour and Vanity Fair, the latter of which will be for longtime Editor Graydon Carter, will be named by Thanksgiving. The rest, well, we'll just have to wait and see.
This news comes on the heels of a turbulent period for Condé Nast. Following a major shake-up last October that consolidated resources across five distinct fields (copy/research, editorial, creative, business and technology), the company then ceased Self's print production, let go of Allure, Glamour and Brides's publishers and partnered with Farfetch to both sell and shutter Style.com. It hasn't all been doom-and-gloom, though: Condé Nast did launch the aforementioned LGBTQ-focused media platform Them earlier this month, and also joined forces with Gwyneth Paltrow to bring you the first-ever Goop Magazine (if you're into that kind of thing). But nonetheless, that's a lot of change for one company, no matter its size, so be sure to watch this space.
This story is developing; Fashionista has reached out to a Condé Nast spokesperson and will update this post as we learn more.
UPDATE, Thursday, Nov. 2, 4:28 p.m.: On the topic of Teen Vogue, Condé Nast has issued the following statement to Fashionista:
Teen Vogue has experienced tremendous audience growth across its digital, social and video platforms this past year. We are aggressively investing in the brand and all of its consumer touchpoints, including events like the upcoming inaugural Teen Vogue Summit next month in Los Angeles.
As audiences continue to evolve around content consumption, we will modernize and calibrate how, where and when we produce and distribute our content to be in synch with the cultural moments and platforms most important to our audiences. Though the quarterly print editions will cease publishing on a regular schedule, we will explore reimagined special issues timed to specific moments (vs. months) as we do in social.