Condé Nast acquires Pitchfork Media
The New York Times reports that Condé Nast, the major media corporation that owns publications such as Vanity Fair, Vogue and The New Yorker, has published Pitchfork Media, the publisher of the music-focused website Pitchfork. The acquisition takes effect immediately, according to the Times report, but the purchase price for the company has not been disclosed.
According to the Times, Condé Nast CEO Bob Sauerberg said in an email to its staff that the deal “reinforces our commitment to building Condé Nast’s premium digital network, focusing on distinctive editorial voices and engaging high-value millennial audiences.” The website was seen as valuable to the company for its highly engaged audience of millennial males.
There doesn’t appear to be any plans for immediate change to operations at Pitchfork thus far, and its quarterly print publication, The Pitchfork Review, will continue publishing as it has been.
