Fashion Media's Reckoning
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THE UPFRONT
Dear BoF Community,
Anna Wintour is not resigning. After days of speculation and a [New York Times column]( asking whether she could survive the social justice movement sweeping the United States and engulfing Condé Nast, Roger Lynch, the company's chief executive, announced at a company town hall meeting on Friday that Wintour would stay in her role as editor-in-chief of Vogue and artistic director of the media behemoth. Chantal Fernandez reports on [how the company's leadership plans to navigate its latest crisis]( which comes on the back of a decade-long decline in advertising spend, now exacerbated by the coronavirus pandemic.
One person who knows the insides of Condé Nast better than most is Graydon Carter, who presided over Vanity Fair for more than more than two decades during the heyday of glossy magazines and, alongside Wintour, was the embodiment of the company's once decadent culture, complete with chauffeur-driven towncars and big-budget photo shoots.
This week on the BoF Podcast, Carter, who exited Vanity Fair in 2017, [talks about the future of media]( and how he has turned his editorial eye to Air Mail, a digital first publication with cultural coverage in the mould of Vanity Fair, just without all the cost of running a glossy print publication. He also spoke candidly about the controversy surrounding a 2003 Vanity Fair story on convicted sexual abuser Jeffrey Epstein and commented on the accusations of racial bias at Condé Nast, which came under the microscope this week.Â
Meanwhile, over at Conde Nast rival Hearst, Samira Nasr has been [appointed editor in chief of Harper's Bazaar]( becoming the first woman of colour to lead the company's premier fashion title in its 152 year history. It could be [a positive step towards a widespread changing of the guard at legacy media companies]( fighting for their very future at a time of social upheaval.
Imran Amed, Editor in Chief
TODAY'S MUST READ
[News & Analysis](
[Anna Wintour Is Not Resigning, Says Condé Nast Chief](
BY Chantal Fernandez
[Speculation that the Vogue editor in chief might exit her role hit a fever pitch on Thursday, after a week of racial reckoning at the publisher.](
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TOP STORIES
[Podcasts](
[The BoF Podcast: Graydon Carter Says, âThere Is More Good Journalism Being Produced Now Than There Was 25 Years Agoâ](
BY BoF Team
[The former Vanity Fair editor-in-chief lifts the lid on his 25-year run at the publication, what itâs like to make digital weekly newsletter Air Mail and the fate of media in a post-pandemic climate.](
[This Week in Fashion](
[A Reckoning and Reboot for Fashion Media](
BY Vikram Alexei Kansara
[As anti-racism protests spread from the streets to the corridors of powerful magazines like Vogue, the appointment of Samira Nasr, the first woman of colour to run Harperâs Bazaar, may offer a path forward.](
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[News & Analysis](
[What Samira Nasr's Appointment Means for Harper's Bazaar and Fashion Magazines](
BY Chantal Fernandez
[Currently Vanity Fair's executive fashion director, the stylist will succeed Glenda Bailey as the magazineâs first black editor.](
[Tim's Take](
[Why Chanel Doesnât Want to Change the Fashion System](
BY Tim Blanks
[The French luxury titan is doubling down on six shows per year and the Cruise extravaganzas pioneered by Karl Lagerfeld. Chanelâs Bruno Pavlovsky lays out the logic to Tim Blanks.](
To access this article, become a BoF Professional Member [JOIN](
[Intelligence](
[What Fashion Investors Are Betting on Now](
BY Chavie Lieber
[Money for fashionâs start-up scene hasn't dried up entirely, but investors say they are backing concepts that cater to shoppers who are hyper-aware of their finances, health and the planet.](
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[Intelligence](
[When Outraged Commenters Are Your Employees](
BY M.C. Nanda and Tamison O'Connor
[Current & former employees of fashion companies are speaking out about the mismatch between their employers' public support for Black Lives Matter and the truth about their internal cultures.](
To access this article, become a BoF Professional Member [JOIN](
[DAILY DIGEST
Fashion News from Around the Web](
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[HARPER'S BAZAAR](
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