Condé Nast Sells Fairchild Fashion Media to Penske

Style.com, NowManifest remain under Condé umbrella

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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.

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