THERE ARE STILL MORE PEOPLE WHO WANT TO BUY NEWSWEEK: A new bidder has entered the fray for Newsweek. According to sources, Avenue Capital Group has submitted an offer and is working with a magazine company on a potential deal. Avenue has a stake in American Media Inc., publisher of Star and Shape. The firm joins OpenGate Capital, owners of TV Guide, as well as stereo-equipment honcho Sidney Harman and Fred Drasner, former partner of Mort Zuckerman. According to the New York Post, Drasner is working with Paul Ingrassia and Alan Webber. Insiders said The Washington Post Co. is looking for a deal that would exceed the cost of its close-down scenario of around $45 million (which would include severance payments and benefits). Newsmax and Thane Ritchie are no longer involved in the bidding. The Washington Post Co. is expected to make an announcement about a sale or closure of the title in the next few weeks — meaning there is still plenty of time for a new bidder to sweep in, à la Bloomberg’s offer for BusinessWeek. A spokeswoman at Newsweek declined to comment Thursday.
— Amy Wicks
This story first appeared in the July 2, 2010 issue of WWD. Subscribe Today.
ON TO NEW PASTURES: Weeks after losing her bid for the top job at T: The New York Times Style Magazine to Sally Singer, Anne Christensen has resigned from her post as women’s fashion director of the Times’ style glossy. And she’s landed on her feet. In an e-mail to WWD sent during a break from styling a Vogue China shoot, Christensen said, “I’ve had a great 10 years at the Times and T magazines under 2 creative and smart editors: Amy Spindler and Stefano Tonchi. I’m very proud of the work I’ve done there and particularly proud of the upcoming Fall women’s T that I worked very hard on. Now I’m happy to move on to other adventures. I wish Sally Singer the best of luck. She has inherited a wonderful group of people at T.” As to whether those adventures will include finding a position at another magazine or focusing on her freelance styling career — which she was able to maintain while at T since she wasn’t a full-time employee — Christensen said she was keeping her options open. “I do want to explore other magazine possibilities. I like having magazine as a base — for a stylist, it gives you a real voice, and that’s important. And I have a great freelance career that I will continue, as well,” she said.
Meanwhile, with regard to Christensen’s replacement at T, a spokeswoman for the Times said there were “no personnel announcements to make at this time.” Yet rumors are swirling that Singer will be bringing a Voguette (or two) with her when she assumes control of the title next week. According to insiders, T’s new editor in chief wants to bring in a freelance fashion director-stylist and a strong full-time market director, which is likely why Meredith Melling Burke, Vogue’s oft-photographed senior market editor, is one of the names being tossed around in media circles as a possible Singer recruit.
— Nick Axelrod
OVER AT GLAMOUR…: T isn’t the only mag with a top fashion slot to fill. Glamour is on the hunt for a successor to longtime fashion director Xanthipi Joannides, who departed last month. And the magazine is apparently casting a very wide net — Marie Claire’s Nina Garcia and Kate Lanphear of Elle are among those said to have met with editor in chief Cindi Leive and co. about the position (though the discussions with Garcia ended shortly after they began, according to sources). A spokeswoman for Glamour said a decision had not yet been made.
FUTURE MAN: No good deed goes unrewarded. With the success of Wired’s iPad app still fresh in the front-office minds, Condé Nast confirmed reports Thursday that it has tapped the magazine’s creative director, Scott Dadich, to oversee the entire company’s push to e-publishing. Dadich, who helped shepherd Wired’s much-heralded app into being in May, will hold onto his duties at the magazine while adding the title of executive director of digital magazine development. In the newly created role, the veteran creative director will work with editors to develop tablet-ready editions of their magazines. His likely priorities include Glamour, set to bow on the iPad with its September issue, and The New Yorker, which confirmed last week that it would follow Wired’s lead by forgoing the internal team at Condé Nast Digital to work directly with Adobe on its iPad edition. A company spokeswoman said it was too soon to say whether all Condé titles would move to the flashier Wired/Adobe model in the future. The spokeswoman did reaffirm that the Glamour app, like Vanity Fair and GQ before it, will be a Condé Nast Digital production.
— Matthew Lynch