Published Oct 13, 2015One of the music world's premier publications just got bought out, as indie giant Pitchfork Media has been purchased by mass media publisher Condé Nast.
The purchase was confirmed today (October 13). It's not clear how much Condé Nast paid, but the New York-based company clearly has a lot of capital to work with: it already owns The New Yorker, Vogue, Vanity Fair, Wired, Glamour, W and many more publications.
Condé Nast exec Fred Santarpia said in a statement, "Pitchfork is a distinguished digital property that brings a strong editorial voice, an enthusiastic and young audience, a growing video platform and a thriving events business."
Pitchfork's Ryan Schreiber, who founded the publication in 1995, said, "Pitchfork is incredibly fortunate to have found in Condé Nast a team of people who share our commitment to editorial excellence. 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."
Pitchfork is also known for staging festivals, offering original video content and more. And while we can't be entirely sure what, if any, changes the publication will undergo, Santarpia confirmed that the quarterly print magazine, the Pitchfork Review, will continue.