Folio: Week in Review – January 30, 2016
In case you missed it, here's a roundup of our top stories from the week in magazine media:
On the verge of his 20th anniversary, David Granger is leaving Esquire. Replacing him will be Town & Country editor-in-chief Jay Fielden. Fielden has been the top editor at Town & Country since 2011 and will retain a role as editorial director of the title.
Granger is one of a few of the industry’s iconic magazine editors, helming a brand that has managed to see less than the usual turnover at the top editorial spot. Granger declined to characterize the circumstances of his departure, but tells Folio: that he’s agreed to stay on for a transitional period until March 31, when he’ll announce his plans for what’s next.
The nearly-five-month saga surrounding Meredith's merger with Media General officially drew to a close, with both sides announcing an agreement to terminate the deal. Media General will merge with telecommunications company Nexstar Broadcasting Group instead.
A September binding agreement Meredith being purchased by Media General for $2.4 billion, but weeks later, Nexstar jumped in with its own unsolicited offer to buy Media General. After months of negotiations and official statements reaffirming commitments, Meredith walks away with $60 million in consolation.
The company eliminated another 40 positions this week across a variety of departments, the second such round of layoffs in just over a month. Rodale has been streamlining ever since the departure of then-president Scott Schulman at the end of October. Like last time, many of the departures are senior-level staffers, a source inside Rodale tells Folio:.
VandeHei, the CEO and longtime editor who owner Robert Allbritton recruited ten years ago to start the brand, will leave the company following the election this fall. Joining him on their way out are chief political reporter Mike Allen, COO Kim Kingsley, CRO Roy Schwartz, and EVP Danielle Jones.
Said VandeHei, "This moment in media and in history is putting every sector and idea in play—and it is too intriguing and wide open to play it safe. I plan to start a new venture when I depart."
The 28-year-old editor-in-chief sits with Folio: for a Q&A about The Fader's unprecedented growth and its position in a changing magazine world.
"If The New York Times Magazine is putting Nicki Minaj on its cover or T Magazine is putting Rihanna on its cover during the same cycle as us, we want to make sure that the way we’re covering that story is innovative, unique and high quality. For us, having Rihanna on our cover at the same time as Vanity Fair and T Magazine, I feel like our story really held up."
- Why Hanley Wood's Lead-Gen Press Release is Noteworthy, by Tony Silber
- Associations Face Competition in Niche Executive Networks, by Bill Mickey
- Courting Audiences with Content, by Mark Cripps