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Fairchild Fashion Media

From Wikipedia, the free encyclopedia
Fairchild Media
Company typeSubsidiary
IndustryMedia & Events
Founded1892; 132 years ago (1892)
FounderEdmund Fairchild and Louis E. Fairchild
HeadquartersNew York City (475 Fifth Ave 3rd Floor New York, NY 10017)
ProductsWebsites, Magazines
ParentCapital Cities Communications
(1968–1996)
The Walt Disney Company
(1996–1999)
Advance Publications
(1999–2014)
Penske Media Corporation
(2014–present)
Websitewww.pmc.com

Fairchild Media is a publisher of digital media, journalism, photography and design, events and summits, video and studios, and fashion. Fairchild Media brands include Women’s Wear Daily, Footwear News (FN), Beauty Inc, M and Fairchild Summits. Fairchild Media is a division of Penske Media Corporation (PMC), and is the leading source of fashion news and analysis for industry leaders and the global fashion community.

History

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Fairchild Publications was founded in 1892[1] when Edmund Fairchild, a peddler, took over the Daily Trade Record (later the Daily News Record and DNR), a failing newspaper that covered the men's clothing business. In June 1910, an insert called "Women's Wear" first appeared in the Record; a month later, Fairchild published it as a standalone publication, known today as Women's Wear Daily.[2] John Fairchild, grandson of Edmund Fairchild assumed management of Women’s Wear Daily in 1955 and transformed it from a trade journal to a leading fashion and cultural newspaper.[3]

Women's Wear insert, June 1910

In 1968, the company—then named Fairchild Publications—was purchased by Capital Cities Communications.[4] In 1996, The Walt Disney Company acquired Capital Cities/ABC. In 1997, Disney announced its intention to sell Fairchild, but it wasn't until 1999 that it sold Fairchild to Advance Publications, the parent company of Condé Nast Publications, for $650 million.[5]

In 2005, Advance Publications folded Fairchild into Condé Nast Publications and rebranded the division as the Fairchild Fashion Group.[6] In 2008, it folded DNR.[7]

In 2010, Fairchild launched Menswear[8] and took over the consumer-centric Style.com, previously part of Condé Nast Publications. In 2011, Fairchild Fashion Group was renamed Fairchild Fashion Media; in October of that year, FFM launched Style.com/Print, a print magazine extension of the brand.[9] In 2012, FFM sold its Fairchild Books division to Bloomsbury Publishing for $6.5 million.[10] The same year, it acquired Fashion Networks International, a blog network with contributors that included Anna Dello Russo, Bryanboy, Rumi Neely, and Derek Blasberg.[11]

In August 2014, Advance Publications announced that it would sell FFM, save for Style.com and NowManifest, to Penske Media Corp. for $100 million.[12]

Publications

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Over the years, the company's portfolio has included the following publications:

  • American Metal Market[13]
  • Beauty Inc.
  • Details
  • Electronic News
  • Footwear News
  • Golf Pro Merchandising
  • Home Furnishings Daily
  • Jane
  • M (1983-1992; 2012–present)
  • Men'sWeek
  • Metalworking News
  • Style.com
  • Style.com/Print
  • Supermarket News
  • SportStyle
  • Children's Business

References

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  1. ^ Palmeri, Christopher (August 19, 2014). "Penske Media Buys Fairchild Trade Magazines". Bloomberg News. Retrieved 30 August 2014.
  2. ^ Axelrod, Nick (July 31, 2008). "The Changing Face of WWD". The New York Times. Retrieved 30 August 2014.
  3. ^ Horyn, Cathy (20 August 1999). "THE MEDIA BUSINESS; Breaking Fashion News With a Provocative Edge". The New York Times. Retrieved 2 June 2019.
  4. ^ Godfrey, Donald G.; Leigh, Frederic A. (January 1, 1998). Historical Dictionary of American Radio. Greenwood Publishing Group. p. 62. ISBN 0313296367. Retrieved April 13, 2015.
  5. ^ Kuczinsky, Alex (August 20, 1999). "Merger Planned for 2 Giants of Fashion Publishing". The New York Times. Retrieved 30 August 2014.
  6. ^ Bosman, Julie (September 27, 2005). "A Consolidation at Condé Nast Gives Magazines One Overseer". The New York Times. Retrieved 30 August 2014.
  7. ^ Times, L.A. (November 24, 2008). "DNR RIP, men's fashion trade paper dead at 116". The Los Angeles Times. Retrieved 30 August 2014.
  8. ^ . ISBN 1563674653. {{cite book}}: Missing or empty |title= (help)
  9. ^ Wilson, Eric (October 26, 2011). "Finally, the Web at Hand". The New York Times. Retrieved 30 August 2014.
  10. ^ Publishing, Bloomsbury (April 2, 2012). "Acquisition of Fairchild Books". Bloomsbury Publishing. Retrieved 30 August 2014.
  11. ^ Wicks, Amy (May 15, 2012). "Fairchild Fashion Media Acquires Blogger Network". Women's Wear Daily. Retrieved 30 August 2014.
  12. ^ Bazilian, Emma (August 19, 2014). "Condé Nast Sells Fairchild Fashion Media to Penske". Adweek. Retrieved 30 August 2014.
  13. ^ "Metal statistics., by American Metal Market Company | the Online Books Page".
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