Hachette Filipacchi Media has cut loose Nick Matarazzo, a 28-year vet of the company whose oversight included the men’s struggling enthusiast titles that the company has put up for sale.
Matarazzo presumably would have had a diminished role at the company once those magazines are sold. As executive vp, group publishing director of the Men’s Enthusiast Network (M.E.N.), he led sales for the titles including American Photo and Boating that are being shopped.
With the deadline for final bids nearing, enthusiast magazine publishers Bonnier Corp. and F + W Media are said to have heard management presentations, along with a couple of private equity-backed suitors. Also believed to be in the running is ex-Spin and Discover publisher Bob Guccione Jr., who most recently was consulting on the newly launched Prestige, an oversized glossy aimed at the super-rich.
Matarazzo also had responsibility for Car and Driver, Road & Track and Cycle World, which are not believed to be part of the current sale process. He headed up integrated sales and marketing across the company as well.
In a statement announcing Matarazzo’s departure, Hachette said the company and Matarazzo “mutually agreed” that he would leave the company and that his position wouldn’t be filled.
Alain Lemarchand, Hachette’s recently appointed president and CEO, has focused in recent months on driving revenue from the company’s women’s titles. In March, he reorganized Elle, Woman’s Day, Metropolitan Home and Elle Decor into brand groups to reflect a push to integrate print and online ad sales and extend content across multiple platforms.