"What has become clear is that our aspirations are no longer best served by our historical structure of running two separate companies," the announcement reads. "We have concluded that the time is right for us to combine our U.S. and international companies to realize the full potential of Condé Nast for our audiences and our business partners."
As a result of the merger, the company is on the hunt for a new CEO "with global experience." Bob Sauerberg, CEO of Condé Nast for the past eight years, will continue in his role until the replacement is found, at which time he will then "leave to pursue other opportunities, including his representation of Advance on the board of Reddit."
Jonathan Newhouse, current CEO of Condé Nast International, will relinquish his title as well, stepping down to serve as Chairman of the Board of Directors. The company plans to continue operating out of its New York and London headquarters; the email says that other senior management officials on both sides of the pond will retain their titles.
Of course, what this means for other Condé Nast publications remains to be seen, especially those which share a common language and cultural base. Could an American and British Vogue or GQ combo be on the horizon? In August, the two collapsed the American and U.K. versions of Condé Nast Traveller into one publication with a shared editorial team, said to be the first of several global initiatives, so it doesn't seem like those possibilities are off the table.