Longtime Wenner Media exec Gary Armstrong, who was described as close to company chairman Jann Wenner, is exiting after about 10 years there.
While high-profile executives have been known to come and go at Wenner, a company spokesman denied Armstrong, who was chief marketing officer, was forced out. “It was a mutual decision to part ways,” the rep said. Armstrong couldn’t be reached for comment.
Armstrong’s exit follows a restructure a month ago of Wenner’s marketing department amid an overall decline industrywide in big-scale, multi-title ad deals. As a result, corporate marketing staffers were reassigned to individual magazines and Armstrong’s job was eliminated. Five were let go.
Armstrong’s title was somewhat of a misnomer, considering his broad role at the company; in addition to running corporate sales, he also was said to be involved in directing publishing strategy and online activities there.
Three people remain working on corporate deals under Matt Mastrangelo.
Whatever the circumstances behind Armstrong’s departure, other publishers including Meredith Corp., Rodale and Condé Nast in recent months also have restructured or scaled back their corporate ad sales arms in response to waning demand for corporate deals.