AIt’s all, apparently, in the pursuit of Gawker’s mission to be transparent, except when it isn’t, like when they fire people but keep them on the payroll until they find another position so they can bow out gracefully. Meanwhile, over on Deadspin (a Gawker site), Albert Burneko wrote a post about what a good friend Tommy Cragg was to him, and how much he’ll miss him. Read also called out Gawker management before sending out a separate memo to the staff explaining why he was resigning, while praising and thanking the staff for their efforts and friendship.ĭenton, in turn, sent out another memo, re-defending his decision to pull the post and writing that the Conde Nast business was “symptomatic of a site that has been out of control of editorial management,” while asserting that the ethos of the site “needs a calibration.” He said that he only stepped in this one time to “save Gawker from itself” and politely offered severance packages to anyone else who wanted to resign. Craggs called out Denton and Gawker, sharing a text message thread from the partners. Read and Craggs, in turn, resigned, saying they could no longer remain editors of a callous junk site where management - business people and ad execs - could dictate their callous, junk content. The outcry got so loud that Gawker CEO Nick Denton decided to remove the post, saying that, from now on, Gawker will not be a callous, junk site, a decision he made only after getting called out for being the CEO of a callous junk site. The Internet went crazy, decrying Gawker for running a story with no news value whatsoever and ruining a married man’s life in the process. See, what happened was this: Jordan Sargent wrote a piece outing the Conde Naste CFO for allegedly proposition a gay escort after the gay escort tried to shake down the CFO. They chose to take a principled stand on a hill of their own making, a hill made of chemicals and garbage that’s currently engulfed in flames. But it comes on the heels of other investments by the publisher (and its parent company Advance Publications) in sites like online jewelry retailer ReneSim, design site Monoqi and Rent the Runway.Today, two of Gawkers top editors - Editor in Chief Max Read and executive editor Tommy Craggs - resigned from their positions today. The Vestiaire Collective deal was the first of its kind by Condé Nast International in France, the company said. In addition to newer online companies like Gawker and Thrillist, traditional publishers like The New York Times and Bonnier have made steps toward embracing e-commerce in various ways.
For the publishing company, which is behind big media brands like Vogue, Vanity Fair and GQ, the investment marks a further expansion of its e-commerce strategy.Īs we’ve noted before, more publishers are marrying content and commerce in an effort to add revenue streams.
Conde nast gawker series#
The Series C round, which brings the startup’s total amount raised to more than $30 million, also included Idinvest Partners and existing investors Balderton and Ventech.įor Vestiaire Collective, which launched in 2009 and says it has 1.5 million members, the Condé Nast-led investment will enable more international growth and help build credibility, the startup said. On Monday, the company said it had led a $20 million investment in Vestiaire Collective, a Paris-based site that lets people buy and sell pre-owned luxury fashion items. Publishing giant Condé Nast, already a supporter of fashion startups like Rent the Runway and Farfetch, is upping its investment in e-commerce.
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