Conde Nast calls time on men's style website as McKinsey brought in
NEW YORK - Conde Nast is closing its standalone website Men.Style.com and concentrating on GQ.com as it brings in management consultants McKinsey to help it "rethink" its business.
Chuck Townsend, chief executive of Conde Nast, yesterday issued a memo telling staff "we must realign Conde Nast to be a successful business in an emerging economy that is now predicted to be painfully slow in recovering".
McKinsey, Townsend and a Conde Nast team will review all areas of the company and "develop new perspectives on optimizing our approach to business, growing revenues, and enhancing our brand assets".
It emerged yesterday that Conde Nast is to ditch its online-only men's brand Men.Style.com, which is the home of GQ and Details magazine online. The site will close in October and Conde Nast will instead focus on GQ.
GQ currently has a section on Men.style.com, but it will now become the flagship and details will also have its own website.
Sarah Chubb, Conde Nast Digital president told AdAge that GQ's brand strength was the strongest at Conde Nast and it made sense to consolidate under the GQ brand.
Chubb said: "We had a hard time branding it on its own away from Style.com."
The move may lead to a rethink of the company's other web-only brands that house magazine content, such as women's fashion site Style.com, food site Epicurious.com and travel site Concierge.com.
The Newhouse family-owned magazine empire has been retrenching following the downturn in the economy and the advertising market.
In April Conde Nast closed down its two-year old business magazine Portfolio, on which Newhouse had lavished resources.
In the previous 12 months it had also closed House & Garden, Jane, Cargo, Vitals and Domino.
However it relaunched technology monthly Wired in the UK in April and launched fashion monthly Love in the UK in February.
Latest jobs Jobs web feed
- Account Director- Exciting Online Content Marketing Company- Up to £70,000 plus OTE Cedar Scott Up to £70,000 basic (up to £90,000 OTE) plus share options, Central London
- Category Manager Pearson Competitive salary & performance related bonus & benefits, Central London
- Global Product Manager Evans Taylor c£50k - c£60k p.a. plus car, bonus and benefits, North East of England or Central London
- Retail Marketing Manager - Maternity Cover Tottenham Hotspur Football Club Up to £35,000 pro-rata, Tottenham and Enfield
- Brand Manager Radisson Blu Edwardian, London Competitive , South Kensington, London
- ACCOUNT DIRECTOR/SENIOR ACCOUNT DIRECTOR - BTL/SP/Brand Experience - London - £45 - £55k plus bonus Judi Patton £45K-55K plus bonus, London/Greater London
Integrated digital marketing offers huge opportunities to engage, servic...
Mobile marketing is coming of age, and the pace of change is now exponen...
With UK consumers spending an average of £1,083 a year online, int...
Conversational Mobile Marketing: Engage Customers and Empower Advocates (Expert Reports) External website
The pressure is on for marketers and mobile operators to embrace a strat...
As a nation, the UK is media and technology obsessed with over half of t...
All customers have the potential to become your brand advocates, driving...