It has been reported that on Tuesday Pitchfork Media was purchased by Condé Nast, the publishing company that owns magazines like Vogue and Vanity Fair.
“Pitchfork is incredibly fortunate to have found in Condé Nast a team of people who share our commitment to editorial excellence,” Ryan Schreiber, Pitchfork’s founder and chief executive, said in a statement. “Their belief in what we do, combined with their additional expertise and resources, will allow us to extend our coverage of the artists and stories that shape the music landscape on every platform.”
The acquisition is for an undisclosed sum and includes the Pitchfork Music Festival, website and magazine, Pitchfork Review.
Condé Nast’s chief executive, Bob Sauerberg, said the deal “reinforces our commitment to building Condé Nast’s premium digital network, focusing on distinctive editorial voices and engaging high-value millennial audiences.”
[via New York Time]