Conde Nast has tapped former Talk Media prexy Ron Galotti as GQ publisher and senior veep.
The move marks a return to the CNP fold for Galotti, who in 1999 jumped from the flagship mag Vogue to launch Talk Magazine with editor Tina Brown, only to see their 28-month-old, $50 million title shutter last month.
Galotti will succeed Tom Florio, who moves up to CNP exec veep.
Conde Nast insiders see the GQ appointment as a step down from his former position at Vogue, the more prestigious post for a publisher at 4 Times Square. Some suspect the downgrade is temporary punishment for his defection three years ago. But verbal displays of affection among Galotti and top-ranking CNP colleagues in the press recently have many predicting the ad exec will ascend the ranks soon enough.