Those persistent rumors of Details' imminent demise are finally coming true. In a memo sent to Condé Nast staffers this afternoon, president and soon-to-be CEO Bob Sauerberg announced that the 33-year-old magazine's December 2015/January 2016 issue will be its last.
Condé Nast is in the midst of a major shake-up in its executive ranks that has president Bob Sauerberg greatly expanding his role and two major figures—COO and CFO John Bellando and editorial director Tom Wallace—departing the company.
For years, Condé Nast was reluctant to push its storied brands like Vogue and GQ onto other platforms. Well, no more.
Vogue and Vanity Fair publisher Condé Nast has been focusing on reducing its dependence on print revenue. In one of the biggest moves yet toward that goal, it announced the creation of a new division, Condé Nast Entertainment, and named TV vet Dawn Ostroff as its president.
Magazines have been heavily criticized in recent years for their practice of deeply discounting the price of subscriptions. But industry leaders see the potential in tablet devices to change that model.