RD Recap: Bob Sauerberg Named CEO of Condé Nast; Changes at Yahoo

The latest media hirings and firings.

Revolving Door

Revolving DoorBob Sauerberg scores a massive promotion at Condé Nast. The current president will replace Chuck Townsend as CEO in the coming months. Townsend, who has been at the head of the company since 2004, will become chairman of the board, with S.I. Newhouse moving to chairman emeritus. The Sauerberg era will focus on digital, which leaves some wondering what is going to happen to the print side of the business that’s no longer thriving. Condé will continue printing magazines, of course, but how many and how often is up in the air. The company also recruits Coach’s Will Misselbrook to be head of branded entertainment, along with Eden Gorcey, who joins from Starcom MediaVest as head of branded content, digital sales and strategy…

Yahoo watches chief marketing officer Kathy Savitt depart for STX Entertainment. She’s the third high-profile executive to leave in recent months, following Scott Burke, svp of advertising and data platforms, and Dawn Airey, head of the international units, out the door. Could Marissa Mayer be next?… Fortune hires former Yahoo Finance editor in chief Aaron Task as its new digital editor. “Fortune has made great progress since the launch of our website only 14 months ago,” editor Alan Murray wrote in a memo. “Aaron has the right skills to take us to the next stage. He is an accomplished journalist who understands the digital media world inside out, and he wins high praise from his Yahoo colleagues as both an editor and manager.” (Fortune launched its website 14 months ago?)… Read More