Condé Nast Sells Fairchild Fashion Media to Penske

Style.com, NowManifest remain under Condé umbrella

In an effort to refocus on its consumer brands, Condé Nast is selling Fairchild Fashion Media—owner of B-to-B publications Women’s Wear Daily, Footwear News and Beauty, Inc.—to Penske Media Corporation for $100 million, according to The New York Times.