Condé Nast Shuts Down Details
Glamour and Self combine sales teams; Dan Peres, Drew Schutte and Mary Murko will leave the company.
The December 2015/January 2016 issue of Details will be the magazine's last.
Condé Nast will shutter the 33 year-old monthly magazine, which has a total circulation of about 560,000, at the end of the year, according to a Wednesday memo to staff from president Bob Sauerberg.
“It’s been tough the last few months,” said Sauerberg in an interview with The Wall Street Journal. “Consumers love the magazine. It’s not fair or right.”
At least 20 percent of the magazine's 60 employees will be retained by Condé Nast, although editor-in-chief Dan Peres and publisher and CRO Drew Schutte are leaving the company, according to the memo.
To help fill the void left by Details' closure, GQ Style will both expand its digital operations and ramp up its print output to a quarterly schedule. Details.com will eventually be folded into GQStyle.com.
Additionally, Sauerberg wrote that the sales and marketing teams at Condé Nast's Glamour and Self brands will be combined under Glamour publisher Connie Anne Phillips. The editorial teams at the two brands will continue to operate separately. As a result of that move, Self publisher and CRO Mary Murko will leave the company.
Sauerberg is in line to become CEO of Condé Nast in January.