×

Condé Nast Names Bob Sauerberg CEO

Charles Townsend to become chairman

Condé Nast president Robert A. Sauerberg Jr. will take over as CEO effective January 2016, with current chief exec Charles Townsend to become chairman of the publishing company.

As part of the shuffle at the top, S.I. Newhouse Jr. will assume the role of chairman emeritus.

Sauerberg, 54, joined the company in 2005 as executive VP. Previously he held senior leadership roles at Fairchild Fashion Media, including COO and CFO, and spent 18 years with the New York Times Co., eventually rising to CFO of its magazine group.

“Chuck Townsend has done an exceptional job as CEO, leading Condé Nast through a challenging period of change and transition,” the board said in a statement. “We are particularly grateful to Chuck for preparing a succession plan over many years. When Chuck came to us this summer with his request to step up to the chairman’s role, we knew that Bob Sauerberg was a change agent who was ready to lead the company’s growth agenda.”

Over the last five years, Condé Nast increased its digital audience from 17.2 million to 87.3 million unique monthly visitors, making it No. 22 on comScore’s ranking of the top 100 online properties. According to the company, it has more than doubled its digital revenue.

Sauerberg will remain as president while adding the title of CEO. Townsend will continue to work closely with Sauerberg and the Condé Nast board, while Sauerberg will assume responsibility for the company’s strategic and day-to-day operations, the company said.

“Audiences and advertisers have always come to us for the quality of our content… but we also want to make sure those audiences are able to access our brands on all possible platforms,” Sauerberg said in a statement. “It’s my job to make sure we remain true to our sense of quality and, at the same time, deliver it efficiently and beautifully, as only Condé Nast can.”

The company’s digital portfolio includes Condé Nast Entertainment, which comprises 19 channels spanning such magazine brands as Glamour, Wired, Vogue, the New Yorker and GQ, plus The Scene, a platform dedicated to premium digital video with 40 channels of programming from Condé Nast brands and partners. (Disclosure: Variety is a content partner for The Scene.)

Popular on Variety

More Biz

  • iQIYI headquarters building in Beijing

    Chinese Streamer iQIYI Squeezed by Changing Content Context

    Chinese video streaming giant iQIYI saw its losses deepen, in the April to June second quarter of its financial year. The company grew subscriptions, but was hit by rising content costs and lower advertising revenue Its parent company, Chinese search leader, Baidu saw its year on year profits drop, though it recovered from loss in [...]

  • Plume of black smoke rising from

    Universal Music Says ‘Many’ Suing Artists’ Masters Were Not Damaged in 2008 Fire

    UPDATED: Late Friday the attorneys representing Soundgarden, Steve Earle and the estates of Tom Petty and Tupac amended their lawsuit against Universal Music Group over damages to their music archives as a result of a 2008 fire. While most of the amended complaint updated details in the original document — adding information about UMG’s alleged [...]

  • Lady Gaga

    Variety Earns 14 Folio: Eddie & Ozzie Award Nominations

    Variety has received 14 Folio: Eddie & Ozzie award nominations for its coverage of the entertainment industry over the past year. The awards gala, which will take place at The Hilton Midtown in New York City on Oct. 30, celebrates publications that have demonstrated impressive investigative journalism, in addition to thoughtful digital and print design. [...]

  • Bob Bakish Joe Ianniello

    ViacomCBS Sets Board Members; Bob Bakish, Joe Ianniello New Deals Disclosed

    ViacomCBS has unveiled the 13 members of its board of directors and details of new employment contracts for president-CEO Bob Bakish and CBS chairman-CEO Joe Ianniello. The disclosure came Monday in a filing with the Securities and Exchange Commission, six days after Viacom and CBS at long last set an all-stock merger agreement valued at [...]

  • Spotify Announces Upgrades to Family Plan,

    Spotify Announces Upgrades to Family Plan, at No Charge in U.S. and U.K.

    Just days after reports emerged that Spotify is aiming to increase the price of its family plan in its home market of Scandinavia, the streaming giant announced an upgrade to the plan — with no price increase in the U.S. and U.K., where it remains at $14.99 and £15, respectively. A rep for the company [...]

  • Untold Stories Film Program

    Robert De Niro's Company Files $6 Million Suit Against Ex-Employee

    Robert De Niro’s company has filed a $6 million lawsuit against a former employee, accusing her of embezzling money and binge-watching Netflix while on the job. Canal Productions, De Niro’s loan-out company, also accuses Chase Robinson of racking up exorbitant hotel and restaurant charges and using millions of De Niro’s frequent flyer miles for her [...]

  • NEW YORK, NEW YORK - AUGUST

    Jay-Z Gets Shade From Kaepernick, Support From Cardi B as NFL Fallout Continues

    UPDATED: If anyone expected the drama surrounding Jay-Z’s deal with the NFL to calm down over the weekend, they were mistaken, as controversy and conversation continued to swirl. The situation grew even more intense late Friday when TMZ reported that Jay is looking to acquire a majority interest in an unspecified NFL team, which would [...]

More From Our Brands

Access exclusive content