After a rumor-filled afternoon, Teen Vogue announced that it's combining its business side with Vogue. Its publisher, Jason Wagenheim, will be leaving at the end of the month, and the magazine's sales and marketing teams will now report to Vogue's publisher, Susan Plagemann.
Here's the official statement from Condé Nast:
Teen Vogue will continue to operate independently, with the same frequency, and have its distinct voice. As Artistic Director, Anna will continue to oversee editorial operations, with Editor in Chief, Amy Astley and her team reporting in to her, as before. We are making a change in reporting structure on the business side. Susan Plagemann will oversee the sales and marketing teams. We feel this will only serve to strengthen the power of both brands. Jason Wagenheim has chosen to leave the company after the Thanksgiving holiday.
This isn't the first piece of reorganization news out of Condé this week; just yesterday, the company let go of Allure's longtime editor-in-chief, Linda Wells. And rumors are still swirling that this business move is just the first phase of major changes at Teen Vogue. Sources say the magazine could soon kill its print product and/or be absorbed fully into Vogue. A spokesperson we spoke with at Condé Nast denied these rumors — for now, at least.