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W Journal’s editor-in-chief Sara Moonves has masterminded a buyout of the style shiny led by Karlie Kloss.
Different A-list buyers embrace Kloss’ fellow supermodel Kaia Gerber, “Get Out” producer Jason Blum, F1 racer Lewis Hamilton, Peloton advertising exec Dara Treseder and LionTree’s Aryeh Bourkoff.
Sources advised Web page Six that as a part of the deal, all W staffers are now not furloughed.
The journal will reportedly print one “combination print concern” for the remainder of the yr, which will probably be its annual New Originals concern this fall. Beginning in 2021, W plans to renew publishing six instances per yr.
The brand new enterprise known as W Media, which may have a partnership with Bustle Digital Group.
It’s simply the most recent twist for W, which started as a sister publication to WWD at Fairchild Publications, earlier than it was purchased by Condé Nast. Final yr, Condé Nast sold off W to Future Media — which additionally owns Floor and Watch Journal. Moonves was named the brand new editor, taking up for trend vet Stefano Tonchi.
However in March when the pandemic hit, W’s staff was furloughed and publication was suspended, till Moonves hatched the most recent chapter.
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