Condé Nast appoints former Pandora chief as chief executive

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Cond & oacute; Nast, one of the last major magazine publishers still in business, today named Roger Lynch, former CEO of Pandora and director of Dish Network, as CEO, replacing Bob Sauerberg.

Lynch will take office April 22 and will become the first global CEO of the company, leading the combined project Cond & oacute; Nast US and Cond & oacute; Nast International. & Nbsp;

The company, whose brands of magazines of excellence include Vanity Fair, wired, GQ, and New Yorker, struggled against the same major economic hurdles faced by all print media companies, as advertising revenues dwindled and readers used information in new ways and on different platforms. & nbsp; The American operation was & nbsp;would have lost $ 120 million in 2017and was looking to reduce this number by half in 2018. International trade, with revenues for 2016 reported at over $ 500 millionwould have also lost money. & nbsp;

CN board members Jonathan Newhouse and Steve Newhouse announced the appointment of Lynch. The Newhouse family owns & nbsp;Cond & oacute; Nast, among other media. & Nbsp;Lynch will also join the board. Jonathan Newhouse, who directed & nbsp;Cond & oacute; Nast & nbsp; International since 1990, has been appointed Chairman of the Board. & Nbsp;

"After doing an in-depth research on a framework responsible for managing the combination Cond & oacute; Nast US and Cond & oacute; Nast International, we believe that Roger is the right person to direct Cond & oacute; Nast during our new phase of global integration, growth and transformation, "Jonathan Newhouse said in a statement." Roger is a transformational leader with significant international experience and proven construction companies at the cross media and technology. "

Steve Newhouse added, "What impressed us the most about Roger is his pbadion for great journalism, magazines that make the difference, and brands with exceptional growth potential. Roger will support the exceptional work of Bob Sauerberg and Jonathan Newhouse to expand our print brands into videos, data and digital experiences. "

The company also announced that Sauerberg would leave the organization with Lynch's appointment. He had been with & nbsp;Cond & oacute; Nast for 18 years, including the last three as CEO of US operations. & Nbsp;

Lynch & nbsp; served for a little over a year as & nbsp; CEO of Pandora, streaming music service, & nbsp; retired in February of this year. Previously, he was CEO of OTT Sling TV. He previously served as Executive Vice President for Advanced Technologies at Dish Network. Lynch was also a business banker at Morgan Stanley, a technology specialist, and a technical staff member in the Hughes Aircraft Company. He holds an MBA from Dartmouth College and a BS in Physics from the University of Southern California.

"I have long admired the extraordinary and award-winning content produced by Cond & oacute; Nast, "said Lynch in the statement. "The company is home to some of the world's most culturally important and iconic media brands. As a newly merged global company, we have the opportunity to accelerate the evolution of consumer experiences and the value we bring to our audiences and partners around the world. I am very happy to work alongside the talented, pbadionate and creative team of Cond & oacute; Nast while we lead the next phase of growth of the company. "

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Condé Nast, one of the last major magazine publishing companies still in business, today named Roger Lynch, former CEO of Pandora and director of Dish Network, as CEO, replacing Bob Sauerberg.

Lynch will take office April 22 and will become the first global CEO of the company, leading the combined companies Condé Nast US and Condé Nast International.

The company, whose brands of magazines of excellence include Vanity Fair, wired, GQ, and New Yorker, has struggled against the same major economic hurdles faced by all print-based media companies, as advertising revenues decline and readers consume information in new ways and on different platforms. The US operation would have lost $ 120 million in 2017 and was looking to reduce this number by half in 2018. International activity, with a turnover of more than $ 500 million in 2016, would also lose money.

CN board members Jonathan Newhouse and Steve Newhouse announced the appointment of Lynch. The Newhouse family owns Condé Nast, among other media. Lynch will also join the board. Jonathan Newhouse, who led Condé Nast International since 1990, has been appointed Chairman of the Board.

"After conducting extensive research on a leading executive of the combination of Condé Nast US and Condé Nast International companies, we believe that Roger is the right fit to lead Condé Nast during our new phase of integration, growth and global transformation, "said Jonathan Newhouse in an interview. "Roger is a transformation leader with significant international experience and proven expertise in building companies, at the intersection of media and technology."

Steve Newhouse added, "What impressed us the most about Roger is his pbadion for great journalism, magazines that make the difference, and brands with exceptional growth potential. Roger will support the remarkable work of Bob Sauerberg and Jonathan Newhouse to extend our print brands to digital video, data and experiments. "

The company also said that Sauerberg would leave the organization with the appointment of Lynch. He had been with Condé Nast for 18 years, the last three as CEO of operations in the United States.

Lynch served for just over a year as CEO of Pandora, the streaming music service, which started in February of this year. Previously, he was CEO of OTT Sling TV. He previously served as Executive Vice President for Advanced Technologies at Dish Network. Lynch was also a business banker at Morgan Stanley, a technology specialist, and a technical staff member in the Hughes Aircraft Company. He holds an MBA from Dartmouth College and a BS in Physics from the University of Southern California.

"I've long admired the extraordinary and award-winning content produced by Condé Nast," said Lynch in his release. "The company is home to some of the world's most culturally important and iconic media brands. As a newly merged global company, we have the opportunity to accelerate the evolution of consumer experiences and the value we bring to our audiences and partners around the world. I am very pleased to be working alongside Condé Nast's talented, pbadionate and creative team as we lead the next phase of the company's growth. "