Hearst Magazines Page 1
Working for free may not be ideal, but in this day and age, it’s become a pretty standard way for students and recent grads to get their feet in the door. But one girl isn’t having any of it.
Victoria Hearst, granddaughter of Hearst Corporation founder William Randolph Hearst, has recently joined a crusade against Hearst Magazines‘ own Cosmopolitan.
In today’s installment of unexpected collaborations, J.C. Penney and Cosmopolitan are working on a line of accessories and lingerie, set to launch this fall. Naturally.
If you believe the highly speculative piece in today’s WWD, then yes. But we’re not totally buying it.
Lagardere, the French company that used to own Elle magazine and all of its international editions, has officially sold those magazines to the Hearst Corporation. The $885.6 million transaction makes Hearst the second-largest publisher of magazines in the United States, right behind Time Inc. and just ahead of Conde Nast.
Hearst, which will be the country’s second largest magazine publisher by the time it completes its deal to buy Elle and other titles from Lagardere, managed to make it through economic horror by continuously keeping both its budgets and its staffs leaner than most androgynous male models — and keeping its nose out of the air. And now, it’s doing what Time Inc. and Conde Nast can’t even think about doing: spending over a billion dollars on new acquisitions.
Was anyone not surprised yesterday when it was announced that Hearst chairwoman Cathie Black would take over as chancellor of the New York City school system? Mayor Michael Bloomberg himself asked Black, who has no previous experience in education, to take over for outgoing chancellor Joel Klein.