Conde Nast Spins Out Reddit, Without Letting Go

This is the move we told you about in March: The publisher gives the social news site its independence, but keeps all of its equity, for now.
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Intel Capital, Condé Nast Owner Invest $30 Million in Kno; Intel to Consult on Student Tablet Hardware

According to sources close to the situation, Intel Capital and Advance Publications will lead a $30 million investment round in Kno, the high-profile student tablet start-up. In addition to the funding from its venture capital ark, Intel itself will license the hardware design of Kno, which will now focus on its software to manage the devices that are aimed at the college market.

If You Love Something, Set It Sort-Of Free: Condé Nast Mulling Reddit Spin-Off

The social news site is generating a billion page views a month, with a small staff that’s been getting smaller recently. Condé thinks it could be worth $200 million as a standalone company.

Condé Nast Gets Ready to Go Shopping, Adds $500 Million and an Ex-Yahoo

Anyone have anything they want to sell to Condé Nast? The publisher is officially in shopping mode: It has hired an M&A guy from Yahoo and raised $500 million to get him started.

IPad Magazine Subscriptions, With a Catch: Zinio Launches Apps for Sporting News, National Geographic

Another day, another new iPad magazine app. But the latest entry, from Sporting News, is worth mentioning, at least for its subscription model. That is: Unlike much-bigger rival Sports Illustrated, and almost all of the other big magazine titles that have moved to the iPad so far, Sporting News has a subscription model.

The Web Helped Kill Gourmet? If So, Now I Hate the Internet!

Let’s all agree first to blame owner Condé Nast for deciding to shutter Gourmet–the elegant and iconic magazine, which has been around since 1941, after the November issue. While circulation remained steady at Gourmet at just under one million monthly paying subscribers, Condé Nast Chief Executive Officer Chuck Townsend pointed to a fall-off in advertising spending by luxury brands that result in a money-losing mess. But some are blaming a movement of readers to the Web. Is it true?
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Portfolio Lives! Sort Of: Web Site Adopted by Condé Nast’s Corporate Cousin.

Never say never: Condé Nast, which is closing down its Portfolio business magazine, has decided not to turn off the lights at Portfolio.com. Instead, it is shifting control of the Web site–essentially, the Portfolio.com address and a couple years of archived content–over to American City Business Journals, its corporate cousin in the Advance Publications family.
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