For years rumors have popped up about the imminent departure of long time Vanity Fair magazine editor in chief Graydon Carter. But each year came and went with him still at the top of the masthead and the rumors started to evaporate. But now, its not longer a rumor as Mr. Carter is in fact departing the magazine he’s helmed for more than two decades at the end of the year. In an announcement, Mr. Carter 68, said that he’s accomplished everything he wanted to accomplish at the magazine and now its time for a third act.
“I’ve had the most extraordinarily talented staff, which has made my longevity in this job possible,” he said. “Indeed, many of the senior staff at the magazine have worked alongside me for my whole time here. We built a magazine with sophistication, wit and an international outlook, on a bedrock of solid journalism. And Vanity Fair has been tremendously profitable. I don’t think there’s a monthly magazine anywhere with a greater reach.”
Graydon Carter is leaving the publication 8 months after the election of Donald Trump which boosted business for newspapers and magazines like Vanity Fair. His departure also comes as Conde Nast is readying another restructuring that will target the business and editorial operations at the company. Just before news broke last week about the upcoming restructuring, Brides Editor in Chief Keija Minor resigned. These aren’t the only high profile departures from Conde Nast either. In the past few months there have been departures on the business side as well. Brendan Monaghan, Condé’s then chief industry officer for fashion and luxury resigned just three days after Howard Mittman who served as Chief Business Officer for Conde Nast’s men’s group. There is no way to tell if the departures of Mr. Carter and Ms. Minor are related to Conde 2 . ??, we lost count, or just a really big coincidence. According to recent reports Conde Nast has been losing a lot of money and so this restructuring like the ones before it is to help stop the bleeding. Leading all the restructuring is Chief Business Officer Jim Norton who seems to be the face and the voice of the company lately as CEO Bob Sauerberg has been MIA. We were so concerned about his MIA status that we even put out an APB on him earlier this week.
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